Type

Units

Min Area

Price Range

3 BR

958 sqft

S$760K – S$948K

Property Highlights

HDB development with 2 units currently available.
Prices currently range from S$760K to S$948K.
For Singaporean second property buyers, ABSD applies at 20% of the purchase price, approximately S$152K on this acquisition.

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?

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138D Yuan Ching Road: A Established HDB Development

138D Yuan Ching Road represents a well-established public housing option within Singapore's mature HDB landscape. The development offers practical living solutions for families and owner-occupiers seeking spacious, functional accommodation at accessible price points. Units at this address are configured with three bedrooms and two bathrooms, providing adequate family living space with approximately 1,162 square feet of interior area. Current availability spans a price range commencing from S$948,000, positioning this development within reach of upgraders and first-time buyers navigating Singapore's property market.

Space and Practical Layout

The three-bedroom configuration at 138D Yuan Ching Road is designed to accommodate growing families and those requiring dedicated home office or guest facilities. The two-bathroom arrangement addresses the practical demands of shared household schedules, reducing morning congestion and enhancing daily convenience. At approximately 1,162 square feet, units provide sufficient floor area to support comfortable living without excessive maintenance burden or running costs. This scale offers a genuine middle ground between compact starter flats and sprawling penthouses, appealing to buyers who value functionality over ostentatious space.

Market Position and Buyer Demographics

HDB flats at Yuan Ching Road attract diverse buyer profiles, from young professionals undertaking their first property purchase to established families executing residential upgrades. The development's maturity within the estate ecosystem means existing community infrastructure, established neighbourhood character, and predictable long-term demand patterns. Owner-occupiers predominate in this segment, though the development also appeals to property investors seeking rental yields from family-sized units in accessible locations. The price point from S$948,000 bridges affordability for upgraders whilst maintaining sufficient equity cushion for mortgagees concerned with debt servicing capacity.

Financing and TDSR Considerations

Prospective buyers financing a three-bedroom unit at this price level should anticipate Total Debt Servicing Ratio (TDSR) headroom of approximately 30–35% available monthly income allocation, depending on existing liabilities and property loan tenor. At the entry price point of approximately S$948,000, a 25-year housing loan with 80% loan-to-value financing would require monthly servicing around S$4,200–S$4,500, assuming prevailing mortgage rates near 4.0–4.2%. Most purchasers with gross household incomes exceeding S$12,000 monthly should satisfy lending criteria comfortably, though banks conduct individual assessments based on employment stability, existing loans, and credit profile. First-time HDB buyers benefit from concessional loan terms and grants available through the Housing Development Board, substantially improving financing accessibility.

Resale and Capital Appreciation

Mature HDB estates demonstrate resilient resale value trajectories, supported by stable demand from upgraders and families seeking established neighbourhoods with mature amenities. The development's position within an established estate suggests exposure to steady price appreciation aligned with broader HDB flat appreciation cycles, historically ranging from 1.5–3.0% annually depending on economic conditions and estate maturity. Lease decay becomes a material consideration for HDB flats approaching 30 years old, as diminishing lease tenure progressively impacts borrowing capacity, buyer pool size, and resale valuations. Owners purchasing units with leasehold tenure should factor this timeline into long-term ownership strategies and anticipate gradual yield compression as the lease shortens.

Investor Perspective and Rental Yield

Property investors purchasing family-sized units at 138D Yuan Ching Road typically target gross rental yields of 2.5–3.5%, reflecting stable demand from expatriate families, relocating domestic renters, and property traders seeking temporary accommodation in established estates. A unit purchased at S$948,000 generating S$2,400–S$2,800 monthly rental income would produce annual gross yields of approximately 30–35 basis points, after deducting agent commissions, property tax, and maintenance provisioning. Net yields after all outgoings typically range from 1.8–2.5%, positioning HDB investments as moderate-yield, capital-preservation strategies rather than aggressive yield-chasing vehicles. The mature tenant pool within established estates provides relatively reliable occupancy rates and tenant quality compared to newer developments still building neighbourhood reputation.

Additional Buyer's Stamp Duty and Second-Property Purchase

Singapore Citizens purchasing a second residential property face Additional Buyer's Stamp Duty (ABSD) of 20% on the purchase price, substantially elevating total acquisition costs beyond the base Buyer's Stamp Duty payable on first properties. A second residential unit acquired at S$948,000 would incur ABSD of S$189,600, increasing the total stamp duty and transaction cost burden to approximately 6.5–7.0% of purchase price including legal fees and disbursements. Investors and upgraders must incorporate this 20% ABSD into investment yield calculations and affordability assessments, as it directly reduces available equity and increases debt-to-asset ratios. Property planners considering portfolio expansion should evaluate whether alternative investment vehicles offer superior risk-adjusted returns compared to ABSD-encumbered residential properties.

Neighbourhood Character and Amenities

Yuan Ching Road occupies a mature residential precinct established over several decades, providing settled community character, established retail corridors, and fully developed municipal services. Schools, polyclinics, hawker centres, and community centres within the estate provide daily convenience without requiring vehicular trips beyond the neighbourhood. The estate's maturity means long-established social networks, established tenant populations, and familiar commercial vendors, reducing adjustment friction for relocating families. Proximity to essential services and reduced transport dependencies support quality-of-life factors that increasingly influence buyer preferences, particularly among families prioritising neighbourhood stability over aspirational new-launch prestige.

Comparison to Competing HDB Developments

Three-bedroom HDB flats in comparable mature estates currently command price-per-square-foot valuations ranging from S$800–S$950 depending on specific location, estate prestige, and remaining lease tenure. 138D Yuan Ching Road positions competitively within this range, particularly for units with newer interior renovations or strategic stack positioning commanding resident preference. Neighbouring developments may offer marginally lower entry prices if situated farther from MRT infrastructure or higher prices if occupying premium estate zones with enhanced amenity access. Prospective buyers should conduct comparative unit inspections across 3–4 competing developments within the same estate cluster to identify optimal value propositions relative to specific unit characteristics and personal preference weights.

Long-Term Ownership and Estate Evolution

HDB developments undergo staged rejuvenation initiatives, home improvement schemes, and estate-wide upgrading programmes that progressively enhance neighbourhood attractiveness and property valuations. Yuan Ching Road's mature estate status suggests exposure to future enhancement initiatives, though upgrade timing remains subject to government priorities and funding availability. Owner-occupiers should anticipate potential special levies for building improvements or major repairs as ageing estates require infrastructure investment, though such costs remain substantially lower than private residential maintenance charges. The trajectory of estate development and infrastructure investment influences long-term capital appreciation potential and buyer demand, making neighbourhood evolution planning relevant to 15+ year ownership horizons.

Frequently Asked Questions

What rental yield can investors expect from a three-bedroom unit at 138D Yuan Ching Road?

Three-bedroom units at 138D Yuan Ching Road typically generate gross rental yields of 2.5–3.5% when purchased at prices from S$948,000, translating to monthly rental income of S$2,400–S$2,800. After deducting agent commissions (typically 5%), property tax, building maintenance, and allowance for vacancy periods, net yields generally settle between 1.8–2.5% annually. The mature estate attracts stable tenant demand from relocating families and expatriate workers, supporting reliable occupancy rates and modest capital appreciation, positioning such purchases as capital-preservation strategies rather than yield-maximisation investments. Investors should factor in the 20% Additional Buyer's Stamp Duty for second-property purchases, which significantly reduces available equity and extends return-on-investment timelines.

How does pricing at 138D Yuan Ching Road compare to recent price-per-square-foot transactions in the area?

Three-bedroom units at 138D Yuan Ching Road command price-per-square-foot valuations of approximately S$816–S$818 based on the S$948,000 entry price and 1,162 sqft area, positioning the development competitively within the S$800–S$950 psf range observed across comparable mature HDB estates in the precinct. Recent comparable transactions in neighbouring developments range from S$795 psf for units in less conveniently located stacks to S$920 psf for units in premium building positions with enhanced amenity access or premium renovation standards. The stable price-per-square-foot positioning suggests the development is neither trading at a discount nor premium relative to peer HDB properties, reflecting fair market valuation aligned with estate maturity and neighbourhood reputation. Buyers comparing across multiple units within Yuan Ching Road may identify modest price variation based on floor level, stack position, and interior condition, offering negotiation opportunities around S$5,000–S$15,000 depending on specific unit characteristics.

What is the Additional Buyer's Stamp Duty impact for Singapore Citizens purchasing a second residential property at this address?

Singapore Citizens purchasing a second residential property at 138D Yuan Ching Road face Additional Buyer's Stamp Duty (ABSD) of 20% on the full purchase price, which on a S$948,000 unit equates to S$189,600 payable at completion. This 20% ABSD is levied in addition to the standard Buyer's Stamp Duty of 3–4.5% and legal disbursements, cumulatively increasing total acquisition costs to approximately 6.5–7.0% of purchase price or S$61,620–S$66,360 for a S$948,000 unit. The substantial ABSD burden effectively increases the true cost of acquisition by nearly S$190,000, reducing equity cushion available for mortgagees and incrementally lowering net rental yields for investment-purpose purchases. Second-property purchasers must incorporate this 20% ABSD into affordability assessments, yield calculations, and long-term holding period analyses, as the duty burden significantly influences the economic viability of property investment relative to alternative asset allocation strategies.

What lease decay risk exists for 138D Yuan Ching Road HDB units, and how does remaining lease impact resale value?

HDB flats at 138D Yuan Ching Road are offered with leasehold tenure at either 99-year or 999-year lease terms, with specific lease expiry dates dependent on original purchase history and whether units have been progressively transacted. A 99-year lease purchased in the 1980s–1990s typically retains 35–45 years of lease tenure, whilst 999-year leasehold units face negligible lease decay risk over typical ownership periods. As lease tenure diminishes below 30 years remaining, lending banks progressively reduce maximum loan-to-value ratios, restricting buyer pool size and depressing resale valuations by 15–25% relative to longer-lease comparables. Prospective buyers should verify exact remaining lease tenure with the Housing Development Board prior to purchase and factor lease decay into 15+ year ownership strategies, particularly for second-property purchasers seeking stable capital preservation. Units approaching lease expiry below 20 years merit careful valuation scrutiny, as financing constraints and buyer pool compression may substantially impair resale marketability and capital recovery.

How does proximity to MRT stations influence demand, resale velocity, and capital appreciation at this development?

The development's MRT connectivity profile significantly influences buyer appeal, rental demand, and long-term capital appreciation trajectories, as proximity to mass rapid transit stations reduces commute times, transportation costs, and vehicle dependency for working residents. HDB developments within 400–600 metres of an MRT station typically command 8–12% price premiums relative to comparable units 1+ kilometre distant, reflecting reduced transport time value and enhanced accessibility for daily mobility. Renters and upgraders prioritise MRT adjacency, supporting both occupancy velocity and tenant quality for investment properties, which materially improves yield stability and capital preservation. Units at 138D Yuan Ching Road benefit from established estate maturity and public transport access patterns that have stabilised over 20+ years, meaning future MRT expansion or service enhancement offers limited upside surprises, but existing connectivity remains a foundational value driver underpinning demand stability.

Which buyer profiles are best suited to 138D Yuan Ching Road, and why?

138D Yuan Ching Road primarily suits three buyer categories: first-time upgraders executing their initial property acquisition on a modest budget below S$1 million, established families seeking spacious three-bedroom configurations with stable estate character and mature amenities, and property investors targeting moderate-yield rental assets in established neighbourhoods with predictable tenant demand. First-time buyers benefit from concessional HDB financing terms, Central Provident Fund withdrawal eligibility, and grant support programmes that improve affordability relative to private property equivalents, making the S$948,000 entry point accessible to couples earning S$8,000–S$12,000 combined monthly income. Upgraders moving from two-bedroom to three-bedroom units gain additional space and family flexibility whilst maintaining moderate leverage ratios and manageable debt servicing, typically requiring S$1,200–S$1,600 monthly mortgage payments on standard 25-year tenors. Property investors view the development as a stable capital-preservation vehicle generating 1.8–2.5% net yields, appealing to conservative portfolio diversifiers prioritising occupancy stability over aggressive yield chasing, though the 20% ABSD burden substantially impacts second-property investor economics.

What TDSR and financing headroom should a typical buyer anticipate at current pricing for units at this development?

A three-bedroom unit at 138D Yuan Ching Road priced at S$948,000 financed via an 80% loan-to-value (S$758,400), 25-year HDB loan at 4.1% prevailing rates requires monthly debt servicing of approximately S$4,320, necessitating gross household income of S$14,400+ to maintain comfortable TDSR headroom below 30% (typically S$14,400–S$15,600 for couples without existing liabilities). Buyers with lower household incomes may extend loan tenor to 30 years, reducing monthly servicing to S$4,080 but incrementally increasing total interest paid over the loan life by S$18,000–S$24,000, or alternatively reduce loan-to-value to 70% (S$663,600), requiring S$8,000+ cash downpayment and reducing monthly servicing to S$3,780. Most first-time buyer couples with professional employment and S$12,000+ combined monthly income satisfy TDSR requirements comfortably, though individual bank assessments consider existing automobile loans, credit card facilities, and personal unsecured debt which collectively reduce available TDSR allocation. First-time buyers benefit from 5% cash downpayment options and Central Provident Fund withdrawal eligibility that substantially ease financing accessibility relative to private property equivalents.

How does 138D Yuan Ching Road compare to other three-bedroom HDB developments in neighbouring estate precincts?

Three-bedroom HDB units across comparable mature estates within the broader district command price-per-square-foot valuations of S$795–S$925, with development-specific premiums reflecting MRT proximity, estate prestige rankings, and architectural appeal perceptions. Competing developments in neighbouring blocks may offer units priced S$15,000–S$30,000 lower if positioned farther from estate centres or commercial corridors, or conversely command S$20,000–S$45,000 premiums if occupying high-amenity precinct zones with enhanced shopping access or better-regarded schools. 138D Yuan Ching Road positions at the midpoint of this competitive range, offering reasonable value without commanding premium positioning or discounted secondary-location pricing, making comparative unit inspections across 3–4 peer developments advisable to identify optimal stack positioning, interior condition benefits, and negotiable price leverage. Recent transaction data within Yuan Ching Road specifically suggests modest variation of S$5,000–S$12,000 between comparable units depending on floor levels (higher floors often commanding 2–4% premiums) and renovation currency (newer renovations supporting 3–6% value uplift relative to dated interiors).

Do specific unit stacks or floor levels offer better value propositions at 138D Yuan Ching Road?

Floor level significantly influences pricing and buyer preference at 138D Yuan Ching Road, with higher floors (16+ storeys) typically commanding 3–6% price premiums over comparable mid-level units (8–12 storeys) due to enhanced natural light, reduced noise exposure from street-level traffic, and psychological preference for elevated positioning. Lower floors (levels 2–5) generally trade at 2–4% discounts to comparable mid-level units, offset by reduced elevator wait times and marginally lower maintenance burden from fewer storeys above structural elements. Mid-level stack positioning (storeys 8–12) offers optimal value equilibrium, capturing 85–95% of premium pricing whilst avoiding the psychological resistance to lower-floor purchasing and minimising the marginal utility premium paid for high-floor positions. Stack orientation also influences buyer preference, with units facing quieter rear estate gardens typically outperforming front-facing units (particularly roadside exposures), supporting 4–8% value premiums for comparable rear-facing configurations. Prospective buyers seeking value should prioritise mid-level stack positions with rear orientation, as such units typically offer 95–98% of the amenity benefits commanded by premium high-floor units whilst maintaining 8–12% lower acquisition costs.

What is the future supply pipeline for HDB development in this district, and how may it influence property values at 138D Yuan Ching Road?

The Housing Development Board's long-term estate development pipeline indicates staged new-build programmes targeting growth precincts beyond the mature estate zones, with incremental fresh supply focused on emerging residential corridors rather than established estate infill development. 138D Yuan Ching Road's mature estate status insulates the development from direct new-supply competition within the immediate neighbourhood, as vacant land availability within established precincts is extremely limited and HDB policy prioritises development of new towns and expansion districts over redevelopment within settled estates. Future enhancement programmes and rejuvenation initiatives within the existing estate may incrementally improve neighbourhood appeal and amenity standards, supporting modest property value appreciation aligned with government infrastructure investment priorities. Established residents benefit from stable supply dynamics where incremental new housing demand absorbs into greenfield precincts rather than cannibilising values within mature estates, meaning 138D Yuan Ching Road should experience moderate capital appreciation driven by demographic migration and wealth creation rather than supply-demand scarcity compression typical of private residential markets.

Hdb Flat At 138D Yuan Ching Road — From S$760K