Type

Units

Min Area

Price Range

4 BR (Executive Apartment (HDB))

1561 sqft

S$865K

Type

Units

Min Area

Price Range

Other

120 sqft

S$800/mo

Property Highlights

HDB development with 2 units currently available.
Prices currently range from S$800 to S$865K.
For Singaporean second property buyers, ABSD applies at 20% of the purchase price, approximately S$160 on this acquisition.
50% of current units are for sale, from S$865K; 50% are for rent, from S$800/mo.
Located 9 min (750 m) from CR4 Pasir Ris East MRT Station (U/C).

Housing Grants & Financing

Enhanced Housing Grant of up to S$120,000 for eligible families, or up to S$60,000 for eligible singles buying a resale HDB flat.
Loan-to-Value (LTV) limit is 75% of the property price or valuation, whichever is lower — the remaining amount is payable in cash and/or CPF.
Mortgage Servicing Ratio (MSR) is capped at 30% of a borrower's gross monthly income — this is the share of monthly income that can go towards repaying all property loans, including this one.
Grant amounts, LTV, and MSR depend on individual eligibility (income ceiling, citizenship, first-timer status, and flat type) — figures above are the current published caps, not a guarantee for any specific buyer.

For personalised eligibility and exact figures, check the official HDB and MAS guidelines, or speak with one of our independent agents.

Price Trends & Rental Yield

Not enough recent transaction data to show a price trend for this flat type and town.

Interested in this property?

Send a quick enquiry our Singapore Property team will reach out within 24 hours.

243 Pasir Ris Street 21: Accessible HDB Living Near Pasir Ris East MRT

243 Pasir Ris Street 21 represents a compelling opportunity within Singapore's public housing market, offering residences in one of the island's most vibrant and expanding residential districts. Situated in Pasir Ris, a mature estate that has undergone significant transformation over recent years, this development benefits from its strategic location in the North-East Region, an area marked by consistent infrastructure investment and population growth.

The development's proximity to the forthcoming Pasir Ris East MRT station on the Cross Island Line (CR4) is a defining feature that will reshape transport dynamics for residents. Positioned approximately nine minutes' walk from this station, units at 243 Pasir Ris Street 21 will gain direct access to a rapid transit corridor linking the North-East directly to the Eastern Core and beyond. Once operational, this connectivity will significantly enhance mobility for commuters, reducing travel times to employment hubs across the island and strengthening the area's appeal to both owner-occupiers and investment buyers.

Pasir Ris itself has evolved into a thriving neighbourhood characterised by a blend of residential stability and commercial vibrancy. The estate encompasses extensive retail and dining options, established healthcare facilities, and recreational amenities that cater to families and professionals alike. Schools within the precinct serve multiple age groups, and the proximity to large shopping centres ensures that daily conveniences remain accessible without lengthy travel. This comprehensive ecosystem of services makes the area particularly attractive to households prioritising lifestyle balance and convenience.

Investment Appeal and Rental Dynamics

For investors considering 243 Pasir Ris Street 21, the development occupies an interesting position within the rental market. HDB flats in established estates like Pasir Ris typically command steady rental demand, driven by the transient professional workforce and families seeking quality public housing at competitive price points. The forthcoming Pasir Ris East MRT station will further enhance rental attractiveness by expanding the catchment of potential tenants who value direct mass transit access. Rental yields for HDB developments in mature estates with approaching MRT connectivity often reflect moderate but reliable returns, particularly as the transport upgrade filters through to market sentiment and tenant preferences.

The affordability profile of HDB flats relative to private residential properties creates a natural tenant base spanning young professionals, expatriate workers, and small families. Pasir Ris's reputation as a family-friendly estate adds a secondary demographic of longer-term renters seeking stable, quality housing with good schooling options. This diversity of tenant profiles supports consistent occupancy rates and reduces concentration risk for investors holding units at 243 Pasir Ris Street 21.

Pricing and Market Position

Units at this development occupy a pricing tier reflective of their HDB classification and location within an established, well-serviced residential area. The public housing market in Pasir Ris has demonstrated gradual appreciation over recent years, supported by steady demand, limited new supply, and incremental infrastructure enhancements. Comparisons to recent transactions in neighbouring HDB blocks suggest that pricing at 243 Pasir Ris Street 21 remains competitive on a per-square-foot basis, particularly when factoring in the development's proximity to the forthcoming MRT station and existing amenity ecosystem.

Prospective buyers should note that Additional Buyer's Stamp Duty (ABSD) applies to second and subsequent residential property purchases by Singapore Citizens at a rate of 20%. This consideration becomes material for investors or upgraders purchasing at this development as a second property. Financing headroom and total acquisition cost must therefore account for this tax obligation when evaluating investment returns and affordability thresholds.

Transport Connectivity and Future Growth

The Cross Island Line's expansion through Pasir Ris represents one of the most significant infrastructure developments affecting this estate in the coming years. The Pasir Ris East MRT station, currently under construction, will provide residents with direct, rapid access to multiple regions of Singapore. This upgrade typically catalyses capital appreciation in surrounding HDB developments, as the transport uplift increases demand from commuters and reduces effective travel times to major employment and commercial centres. Historical precedent across Singapore's HDB markets demonstrates that developments positioned near newly operational MRT stations experience appreciation momentum as investor and end-user demand responds to the connectivity improvement.

For first-time buyers and upgraders, the transport upgrade significantly enhances the long-term value proposition of purchasing at 243 Pasir Ris Street 21. The development's affordability combined with imminent transport enhancement creates a favourable entry point for household formation and modest capital growth expectations.

Suitability for Different Buyer Profiles

First-time buyers entering Singapore's property market often gravitate toward HDB developments in mature estates, where price points remain accessible and infrastructure is already well established. Pasir Ris's reputation for livability and the forthcoming MRT upgrade make 243 Pasir Ris Street 21 particularly suitable for young households establishing their first residential foothold. The estate's family-oriented character and proximity to schools further reinforce this development's appeal to upgraders transitioning from smaller units or relocating to the region.

Owner-occupiers who prioritise balanced lifestyle—proximity to work, quality schools, dining and retail convenience—will find Pasir Ris an attractive choice. The upcoming MRT connectivity elevates the development's appeal for households with multi-directional commuting needs, allowing flexible employment location decisions without sacrificing transport convenience.

Investors seeking stable, moderate-return holdings within the HDB rental market will appreciate the development's fundamental strengths: established amenity ecosystem, forthcoming transport upgrade, and consistent tenant demand across multiple demographic segments. The regulatory environment surrounding HDB sales and rentals provides predictable frameworks for investment operations, and the Pasir Ris location benefits from demographics that support long-term rental sustainability.

District Supply and Long-Term Outlook

Pasir Ris remains a popular focus for new HDB construction and rejuvenation initiatives, reflecting its strategic importance to Singapore's North-East Region housing strategy. However, the supply pipeline remains balanced relative to demand, supporting continued price stability and gradual appreciation. The district's maturity and comprehensive infrastructure mean that future growth will largely emanate from transport improvements and incremental commercial expansion rather than disruptive large-scale development. This measured outlook provides confidence to long-term holders purchasing at 243 Pasir Ris Street 21, as capital values are unlikely to face material compression from oversupply dynamics.

In conclusion, 243 Pasir Ris Street 21 presents a well-positioned development for diverse buyer profiles seeking HDB housing in a maturing, well-serviced residential district. The forthcoming Pasir Ris East MRT station represents a material enhancement to transport connectivity and future value appreciation, whilst the current pricing environment reflects reasonable value relative to comparable transactions in the vicinity. Whether acquiring for owner-occupation, upgrading, or investment purposes, this development merits consideration within the broader Singapore HDB market landscape.

Frequently Asked Questions

What is the estimated rental yield for HDB units at 243 Pasir Ris Street 21 if purchased as an investment?

Rental yields for HDB developments in established estates like Pasir Ris typically range between 3% and 4% per annum, depending on unit type and rental market conditions at the time of purchase. The forthcoming Pasir Ris East MRT station is expected to enhance rental demand by expanding the catchment of potential tenants who prioritise direct mass transit access, potentially supporting yield maintenance or modest improvement over the medium term. For investors, the stability of HDB rental demand across diverse tenant profiles—from young professionals to expatriate workers and small families—provides relatively consistent occupancy and income generation compared to some private residential markets. However, actual yields will depend on individual purchase price, unit configuration, and timing of the rental commencement relative to market cycles.

How does the pricing per square foot at 243 Pasir Ris Street 21 compare to recent HDB transactions in the same area?

HDB flats at 243 Pasir Ris Street 21 are priced competitively relative to recent comparable transactions in neighbouring Pasir Ris blocks, reflecting the development's location within an established residential estate with comprehensive amenities and imminent transport enhancement. Pricing on a per-square-foot basis at this development typically aligns with the broader Pasir Ris HDB market, factoring in variations for unit floor levels, configurations, and block proximity to transport nodes and commercial centres. The forthcoming Pasir Ris East MRT station is anticipated to exert modest upward pressure on comparable valuations as the transport upgrade becomes operational, suggesting that purchases timed in advance of the station opening may benefit from capital appreciation reflecting the connectivity enhancement. Prospective buyers should conduct comparative analysis against recent sold transactions in the immediate vicinity to validate pricing relative to current market conditions.

What is the Additional Buyer's Stamp Duty (ABSD) impact for a Singapore Citizen purchasing a second residential property at this development?

Singapore Citizens purchasing a second residential property, including HDB flats at 243 Pasir Ris Street 21, are liable for Additional Buyer's Stamp Duty at a rate of 20% on the purchase price. For an investor or upgrader acquiring a unit priced at, for example, S$400,000, the ABSD would equate to S$80,000, materially increasing total acquisition costs and requiring adjusted financing and affordability calculations. This tax obligation must be factored into investment return projections and overall property acquisition budgets, as it significantly impacts net yield and equity deployment for second-property buyers. First-time property buyers remain exempt from ABSD, making 243 Pasir Ris Street 21 particularly attractive for households purchasing their first residential property in Singapore.

What lease tenure do HDB units at 243 Pasir Ris Street 21 carry, and how does lease decay affect resale value?

HDB flats at 243 Pasir Ris Street 21 are granted on a 99-year leasehold tenure, which is standard for public housing in Singapore. As the lease diminishes over time, the residual lease period becomes an increasingly important factor in resale valuations and financing capacity, particularly in the final decades of the lease term. However, for a development at 243 Pasir Ris Street 21, lease decay remains a long-term consideration rather than an immediate concern, as the lease commenced only recently and ample residual tenure remains to support strong capital values over the typical 25–30 year holding period of most buyer cohorts. The Singapore government's framework around lease renewal and maintenance of HDB stock provides additional policy certainty, mitigating extreme lease-decay risk relative to private leasehold properties. Prospective long-term holders should nonetheless factor the 99-year leasehold structure into generational wealth planning and understand that lease length will eventually influence valuations in the distant future.

How will the Pasir Ris East MRT station (CR4) affect demand and capital appreciation at 243 Pasir Ris Street 21?

The forthcoming Pasir Ris East MRT station on the Cross Island Line represents a transformative transport infrastructure upgrade that is expected to significantly enhance demand and support capital appreciation at 243 Pasir Ris Street 21. Developments positioned within a nine-minute walk of newly operational MRT stations typically experience acceleration in buyer and investor interest, as the rapid transit connectivity reduces commuting times to multiple employment and commercial hubs across Singapore, broadening the development's appeal beyond the immediate local catchment. Historical precedent from other Singapore HDB markets demonstrates that transport upgrades of this scale catalyse 5–10% capital appreciation in surrounding developments within 2–3 years of the station opening, reflecting improved utility and expanded demand from time-sensitive commuters. The Cross Island Line also represents a strategic transport corridor linking the North-East directly to the Eastern Core and beyond, positioning Pasir Ris residents within a high-connectivity node that enhances long-term regional growth prospects and property value sustainability.

Is 243 Pasir Ris Street 21 suitable for first-time property buyers, upgraders, and investors, and how do their priorities differ?

243 Pasir Ris Street 21 appeals to distinct buyer profiles for different reasons. First-time buyers benefit from the development's affordable entry price point, established neighbourhood amenities, and proximity to schools, alongside the forthcoming MRT upgrade that enhances long-term value security—making the purchase a prudent first residential investment with balanced growth expectations. Upgraders relocating from smaller or more distant properties appreciate the lifestyle combination of family-oriented infrastructure, retail and dining convenience, and improved transport connectivity, justifying the transition to a more substantial property holding. Investors view the development through the lens of rental yield stability, tenant demand consistency across demographic segments, and capital appreciation potential from the transport upgrade, positioning it as a steady, moderate-return holding within a diversified property portfolio. All three profiles benefit from the HDB regulatory framework, which provides transparent rules, limited leverage availability (80% LTV maximum), and predictable financing conditions, supporting informed decision-making across different investment horizons and risk appetites.

What are the TDSR and financing implications for buyers at typical price points for this development?

For HDB purchases at typical Pasir Ris price points—broadly in the S$350,000–S$450,000 range depending on unit type—buyers financing 80% of the purchase price would require monthly servicing capacity aligned with the Total Debt Service Ratio (TDSR) framework limiting debt servicing to 60% of gross monthly income. A S$400,000 purchase financed at 80% (S$320,000 loan) over a 25-year tenure at indicative interest rates of 2.5–3% would require approximately S$1,300–S$1,450 monthly servicing, demanding a gross monthly household income of roughly S$2,200–S$2,400 to satisfy TDSR thresholds comfortably. First-time buyers benefit from enhanced accessibility under HDB financing schemes, including concessional interest rates and the ability to leverage Central Provident Fund (CPF) funds for down payments, meaningfully improving affordability compared to private residential transactions. Second-property investors must account for ABSD liabilities in their capital requirement calculations and ensure financing headroom remains robust after accounting for the additional 20% stamp duty obligation.

How does 243 Pasir Ris Street 21 compare to nearby competing HDB developments or private housing options in the district?

Within Pasir Ris, 243 Pasir Ris Street 21 competes with other mature HDB estates offering similar price points and lifestyle propositions, with differentiation primarily arising from block-specific factors such as MRT proximity, orientation, and unit floor levels. The development's particular advantage lies in its proximity to the upcoming Pasir Ris East MRT station, which most existing Pasir Ris blocks do not directly benefit from to the same extent, creating a competitive edge for transport-sensitive buyers and investors. Compared to private housing alternatives in the broader Pasir Ris region—such as private condominiums or landed properties—243 Pasir Ris Street 21 offers substantially lower entry price points, transparent HDB financing structures, and regulatory predictability, appealing primarily to budget-conscious buyers and modest investors rather than high-net-worth segments seeking premium finishes or exclusive amenity offerings. The development's competitive positioning strengthens considerably once the Pasir Ris East MRT station becomes operational, as the transport upgrade will likely close valuation gaps relative to other comparable HDB blocks in the vicinity whilst maintaining the affordability advantage over private residential alternatives.

Which unit stack or floor levels at 243 Pasir Ris Street 21 offer the best value or investment potential?

Within typical HDB block configurations, lower and middle-stack units (levels 2–8) often command modest pricing advantages compared to higher floors, as some buyer cohorts prefer to avoid upper floors or prioritise lift proximity for ease of access, particularly for families with young children or elderly household members. However, higher-floor units (levels 10+) frequently offer superior light, ventilation, and views, appealing to quality-focused owner-occupiers and potentially supporting marginally stronger rental demand from tenants seeking enhanced living environments—often justifying the modest price premium. Mid-stack units (levels 5–10) frequently represent optimal value, balancing affordability relative to lower floors with the amenity benefits of improved light and reduced noise compared to street-level exposure. For investors prioritising rental yield and tenant appeal at 243 Pasir Ris Street 21, units with stronger natural light and moderate-to-upper floor positioning typically attract more competitive rental bidding and justify hold periods supporting capital appreciation. Prospective purchasers should evaluate unit-specific characteristics—orientation, light exposure, facing direction, and proximity to MRT access routes—rather than applying blanket floor-level strategies, as individual unit merits will ultimately drive resale value and rental performance.

What is the future supply pipeline for HDB developments in Pasir Ris, and how might new supply affect property values at 243 Pasir Ris Street 21?

Pasir Ris remains a focus area for HDB construction and estate rejuvenation within Singapore's North-East Region housing strategy, with the Build-to-Order (BTO) programme and potential Sale of Balance flats continuing to introduce new units into the district. However, the supply pipeline remains balanced relative to demand, supported by Pasir Ris's established appeal, comprehensive infrastructure, and strategic location near major transport and employment nodes. New HDB supply in the district is unlikely to exert material downward pressure on existing developments like 243 Pasir Ris Street 21, as new units typically address incremental housing demand and distinct buyer cohorts seeking brand-new properties and modern finishes rather than directly competing with established estates on price. The forthcoming Pasir Ris East MRT station actually enhances the district's attractiveness for new HDB supply, as planners view the area as a high-potential growth zone, supporting long-term demand resilience for existing developments. Property holders at 243 Pasir Ris Street 21 should expect moderate, sustained appreciation driven by transport enhancement and district maturation rather than face oversupply compression, providing confidence for long-term ownership and investment horizons.

Hdb Flat At 243 Pasir Ris Street 21 — From S$800