Type

Units

Min Area

Price Range

4+ BR

1248 sqft

S$5,200/mo

Property Highlights

HDB development with 1 unit currently available.
Prices currently start from S$5,200.

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109B Depot Road: Spacious HDB Living in an Established Estate

109B Depot Road represents a well-established HDB development characterised by substantial unit sizes and practical family-oriented design. The development comprises multi-bedroom flats built to accommodate households seeking generous internal space, with typical floor areas reaching approximately 1,248 square feet. This scale of accommodation places the project squarely in the segment favoured by growing families and those looking to upgrade from smaller public housing options.

The location benefits from a mature residential setting that has accumulated significant community infrastructure over many years. Residents enjoy proximity to established schools, local shopping facilities, and dining options that reflect the character of a well-developed estate. The surrounding neighbourhood provides the type of pedestrian-friendly environment and convenient access to daily necessities that defined successful Singapore HDB planning principles.

Market Position and Buyer Appeal

Properties at this development attract diverse buyer profiles across the HDB market spectrum. Young upgraders transitioning from smaller two-bedroom accommodation find the additional space and improved layout compelling, whilst established families benefit from the flexibility that four-bedroom configurations offer for home-based work arrangements and multigenerational living. The scale of the units also generates consistent tenant interest, making the development relevant to buy-to-let investors seeking stable rental income streams from middle-market rental demographics.

The price positioning of units within this development reflects their maturity and the quantum of internal space provided. Current asking levels place the project competitively within the broader HDB resale landscape, offering reasonable value relative to per-square-foot metrics observed in comparable nearby estates. This pricing structure supports both owner-occupancy and investment acquisition motives, with financing headroom typically available at standard loan-to-value ratios for HDB purchases.

Layout, Configuration, and Unit Variety

The development contains multiple units distributed across different floor levels and stack positions, ensuring buyers can select accommodation aligned with specific preferences regarding light exposure, view characteristics, and vertical positioning within the building. Lower stacks frequently appeal to buyers prioritising convenience and reduced lift waiting times, whilst mid to upper floors attract those valuing natural light and reduced noise exposure from adjacent streets. This range of configurations ensures that the development serves multiple household preference profiles simultaneously.

The internal specifications of units at 109B Depot Road reflect standard public housing construction standards, with durable finishes and practical spatial planning that supports efficient daily living. The presence of two bathrooms within four-bedroom units provides genuine functional convenience for multi-person households and represents a meaningful quality-of-life enhancement compared to single-bathroom configurations common in smaller HDB types.

Investment and Rental Considerations

From an investment perspective, the development's substantial unit sizes and family-oriented configuration generate reliable tenant demand. Rental yields for four-bedroom HDB flats in established estates typically range from three to four percent per annum when calculated against current market purchase prices, reflecting the balance between stable tenant appetite and the capital base required for acquisition. This yield profile makes the development suitable for passive-income-focused investors willing to accept moderate returns in exchange for lower volatility and consistent occupancy rates.

Prospective buyer-investors should account for Additional Buyer's Stamp Duty implications at the point of purchase. Singapore Citizens acquiring a second residential property incur ABSD at the rate of twenty percent, a substantial cost addition that materially affects acquisition outlay and long-term return calculations. This tax burden necessitates careful financial modelling to ensure the investment thesis remains viable once ABSD expenses are properly incorporated into total cost of acquisition.

Lease Maturity and Long-Term Value Preservation

As an HDB property, units at 109B Depot Road carry 99-year leasehold tenure from initial issuance, which remains a defining characteristic of Singapore's public housing framework. The lease maturity profile of any given unit affects both resale value trajectory and financing availability, with most lenders becoming increasingly cautious as lease terms fall below fifty years. Prospective buyers should verify the exact lease commencement date for their specific unit of interest, as this directly influences the property's medium and long-term appreciation potential and its acceptability as security for mortgage financing.

The development's maturity means some units currently on the market may be approaching the forty to fifty year mark in lease decay, a threshold at which resale prospects begin to contract and valuation progression typically plateaus. Buyers seeking properties with maximum residual lease life should prioritise units from acquisition batches closer to the original 1980s or early 1990s cohorts if available, as these offer greater buffer against future lease-related value erosion.

Accessibility and Transport Connectivity

The development's positioning within the overall estate network ensures reasonable walking distances to local amenities and community facilities that support daily routines. Whilst specific MRT connectivity details remain subject to the precise estate location, HDB developments in established neighbourhoods typically benefit from incremental improvements to public transport infrastructure as the broader network continues to expand across Singapore's planning areas.

For prospective tenants and owner-occupiers alike, the accessibility profile of the development supports both car-dependent and public-transport-reliant household models, a flexibility that broadens appeal across different demographic and income segments. This transportation flexibility enhances the development's tenant pool diversity and helps sustain rental demand across economic cycles.

Competitive Market Context

The development operates within a competitive landscape that includes other mature HDB estates across the same planning district. Relative to comparable four-bedroom offerings in adjacent developments, properties at 109B Depot Road generally maintain pricing consistency tied to their comparative floor areas, layout efficiency, and stack positioning advantages or disadvantages. Discerning buyers benefit from comparing specific units across several nearby developments before committing capital, as significant variation exists between buildings based on exact finish specifications, floor level, and proximity to common facilities.

Recent transaction data for similar configurations across the broader area indicates sustained demand for larger-format HDB accommodation, with per-square-foot pricing holding relatively stable despite broader market sentiment variations. This stability suggests that the development maintains fundamental appeal amongst core HDB buyer segments regardless of shorter-term sentiment fluctuations.

Suitability Across Buyer Typologies

First-time buyers upgrading from smaller units will find the development's scale and pricing accessible, particularly when combined with Enhanced CPF Housing Grant benefits or other first-time buyer support mechanisms available within the HDB scheme. Young families appreciate the flexibility that four bedrooms provide for growing household needs without requiring immediate larger private residential acquisition.

High-net-worth individuals occasionally view HDB investment as a portfolio diversification vehicle, though typically in conjunction with substantial private property holdings. The development's resilience and the stability of HDB demand mechanics provide a defensive allocation element for such investors, even though absolute returns may not match private residential appreciation potential during bull market phases.

Upgraders transitioning from smaller HDB options find that properties within this development offer genuine quality-of-life improvements measured in square footage, natural light, and facilities provision. The financial accessibility remains significantly lower than private residential entry points whilst delivering material gains in daily comfort and long-term security of tenure.

Future Supply and Market Dynamics

The development's maturity and established position mean that future supply increments within the immediate vicinity will primarily derive from other building complexes rather than expansion of 109B Depot Road itself. Broader HDB supply planning at the estate and district levels will influence long-term demand pressures, though the fundamental appeal of four-bedroom configurations suggests resilient interest regardless of new supply introduction in adjacent areas.

Properties at this development represent permanent fixtures within Singapore's housing landscape, with no foreseeable delisting or rejuvenation scenarios that would materially alter tenure security. This permanence supports long-term ownership confidence for both owner-occupiers and investors alike, distinguishing public housing from temporary or finite-tenure alternatives.

Frequently Asked Questions

What rental yield can I expect from purchasing a four-bedroom unit at 109B Depot Road as an investment?

Four-bedroom HDB flats at established developments typically generate rental yields in the region of three to four percent per annum when calculated against current market acquisition prices. For 109B Depot Road specifically, this yield profile reflects stable tenant demand from families seeking spacious mid-market rental accommodation, combined with the relatively mature pricing of units across the development. Investors should model returns carefully after accounting for property tax, maintenance levies, sinking fund contributions, and contingency provisions for voids between tenants, as these ongoing costs materially affect net yield outcomes. The consistency of demand for family-sized HDB rental stock suggests relatively low vacancy risk provided the property is professionally managed and competitively positioned within the local rental market.

How does the per-square-foot pricing at 109B Depot Road compare to recent transactions in nearby HDB estates?

Comparative transaction data across similar four-bedroom HDB configurations in the broader area indicates that 109B Depot Road maintains pricing that reflects its unit floor areas, stack positioning, and overall condition relative to immediate competitors. Recent per-square-foot metrics for comparable nearby developments typically range within narrow bands reflecting the maturity and standardised construction specifications that characterise HDB estates across the same planning district. Buyers evaluating value should directly compare units across multiple developments rather than relying solely on project-level averages, as individual stack positions, floor levels, and unit-specific condition variations create meaningful price dispersion even within the same complex. Properties offering superior light exposure, higher floor positioning, or proximity to lift lobbies often command modest per-square-foot premiums that reflect genuine convenience benefits and long-term satisfaction implications.

What Additional Buyer's Stamp Duty implications apply if I purchase 109B Depot Road as a second residential property?

Singapore Citizens purchasing a second residential property incur Additional Buyer's Stamp Duty at the current rate of twenty percent on the purchase price, representing a substantial acquisition cost that materially affects investment returns and total capital requirements. For a property acquired at mid-market pricing typical for this development, the ABSD liability constitutes a meaningful proportion of transaction costs and should be incorporated into comprehensive financial modelling before commitment. This twenty percent rate applies only to second residential acquisitions; subsequent residential purchases trigger progressively higher ABSD rates, further compounding the cost of portfolio expansion beyond two residential properties. Investors must carefully evaluate whether expected rental yields and long-term capital appreciation justify acceptance of this significant upfront tax burden, particularly when returns may be constrained by HDB market maturity and rental market competition within the segment.

How does lease decay risk affect long-term resale value and financing availability for units at 109B Depot Road?

HDB properties carry 99-year leasehold tenure, and the remaining lease term on specific units at this development directly influences both resale value trajectory and mortgage availability, with most lenders becoming restrictive as lease remaining falls below fifty years. Units from the development's original construction cohort in the 1980s-1990s may currently have lease terms approaching forty to fifty years, threshold points at which value appreciation typically plateaus and future transaction liquidity becomes increasingly constrained. Prospective buyers prioritising long-term holdings should specifically enquire about exact lease commencement dates for units under consideration, as variations of five to ten years can materially affect thirty-year holding value and financing terms at refinancing intervals. Properties with lease terms significantly below fifty years will attract limited buyer pools, face valuation discounts reflecting lease decay mechanics, and may become ineligible for standard HDB financing products, necessitating careful forward-looking calculations regarding suitable holding periods before forced disposal becomes prudent.

Does proximity to nearby MRT stations influence demand and capital appreciation potential for this development?

MRT connectivity materially influences capital appreciation trajectories for HDB properties across Singapore's housing market, as proximity to metro stations supports tenant demand, reduces household transportation outlays, and enhances long-term value stability. Properties within walking distance (generally defined as under 800 metres) to functioning MRT stations typically command pricing premiums relative to more remote alternatives and maintain more resilient resale prospects during market downturns. The development's accessibility profile relative to nearest transit infrastructure affects both owner-occupier preference and investor appeal, with developments enjoying excellent transport connectivity attracting younger demographic tenant cohorts and commanding stronger rental competition. Buyers should evaluate specific walking routes and actual transit connectivity rather than geographic distance alone, as topography, pedestrian infrastructure, and actual usage patterns significantly affect the practical benefit of nominal MRT proximity and its translation into enduring demand and appreciation dynamics.

Which buyer profiles are best suited to acquiring units at 109B Depot Road?

The development's four-bedroom configuration and spacious floor areas make it particularly suitable for upgrader households transitioning from smaller HDB options, young growing families requiring flexible accommodation for home-based work and childcare, and buy-to-let investors seeking stable rental income from established tenant demographics. First-time buyers with sufficient CPF balances or cash resources may find the development's pricing accessible relative to private residential alternatives, though the four-bedroom specification exceeds typical first-purchase requirements and may represent oversized accommodation for initial buyers without established family structures. High-net-worth individuals occasionally view HDB investment as defensive portfolio diversification, valuing the tenure security and demand stability of public housing despite constrained absolute returns. Multigenerational households frequently favour developments like 109B Depot Road where additional bedrooms genuinely improve daily living arrangements and reduce spousal and adult-children relationship strain, making the scale of accommodation a genuine functional benefit rather than speculative excess.

What Total Debt Servicing Ratio headroom should I model for financing units at typical 109B Depot Road pricing?

Standard HDB financing arrangements typically permit loan-to-value ratios of 80 percent for purchase prices within defined parameters, with borrowing capacity constrained by both TDSR ceilings (currently 55 percent of gross monthly income) and absolute loan quantum limitations imposed by the HDB scheme. For four-bedroom units at representative pricing within this development, monthly mortgage instalments combined with other personal debt obligations should not exceed 55 percent of household gross income, a constraint that effectively limits household income requirements to approximately S$10,000-S$12,000 monthly depending on precise unit pricing and interest rate assumptions. Prospective buyers should model TDSR implications for their specific household income profile before proceeding with formal applications, as rejected financing applications create processing delays and potential transaction collapse if purchase conditions include successful loan approval. Buyers with existing substantial personal debt, car loans, or credit card commitments will face materially constrained TDSR headroom and may require debt consolidation or elimination before achieving mortgage approval, necessitating careful pre-purchase financial planning and lender consultation.

How does 109B Depot Road compare to competing four-bedroom HDB developments in the same district?

Nearby four-bedroom HDB estates in the same planning area typically offer comparable unit floor areas, similar construction vintage, and overlapping pricing bands reflecting standardised HDB building specifications and market conventions. Differentiation between competing developments derives primarily from stack positioning advantages, proximity to transport and amenities, external condition and maintenance quality, and specific unit-level factors such as floor level and orientation. Recent transaction activity across competing developments in the district suggests that pricing differentials of five to ten percent exist based on reputation, maintenance standards, and relative amenity proximity, though fundamental value drivers remain largely consistent across projects. Buyers should inspect multiple competing properties in person before committing capital, as photographic and description-based comparisons frequently miss important practical factors affecting long-term satisfaction and resale potential, including lift lobbies, stairwell quality, common area maintenance standards, and neighbourhood character variations that become apparent only through direct site visits.

Which stack positions and floor levels at 109B Depot Road offer the best value proposition?

Mid-level stacks (approximately floors five to eight) typically offer compelling value by balancing natural light and air circulation benefits against the reduced convenience and increased lift waiting times associated with higher floors. Lower stacks appeal to elderly occupiers and those prioritising convenience, though ground and first-level units may experience reduced natural ventilation and privacy due to pedestrian proximty. Higher floors command modest pricing premiums reflecting superior light exposure and view characteristics, though these benefits must be weighed against longer elevator wait times during peak usage periods and slightly elevated maintenance costs if unit-level air-conditioning systems require eventual replacement. Within 109B Depot Road's specific configuration, buyers comparing unit-to-unit pricing should look for stacks where discounts exist relative to adjacent units on similar floors, as these pricing inefficiencies frequently represent opportunity for value capture when acquisition drivers reflect temporary market conditions rather than fundamental unit quality differences.

What future supply pipeline developments in this district might influence 109B Depot Road's long-term demand and appreciation?

HDB supply planning at the estate and district levels will gradually introduce new housing completions, which may incrementally shift demand curves across older established developments like 109B Depot Road if new projects offer superior specifications or enhanced amenity positioning. However, the fundamental appeal of spacious four-bedroom HDB configurations ensures resilient tenant and buyer interest regardless of marginal new supply introduction, particularly as family households continue to prioritise affordable, secure housing within Singapore's public scheme. The development's maturity status means no internal rejuvenation or revitalisation is anticipated, distinguishing it from designated en-bloc or renewal candidates where potential acquisition by development interests creates alternative value pathways. Broader demographic trends towards smaller household sizes and extended working lives may gradually moderate demand intensity for four-bedroom configurations among certain buyer segments, though multigenerational living arrangements and home office requirements suggest sustained functional utility of spacious flats. Long-term appreciation prospects remain anchored to HDB market fundamentals and housing demand stability rather than speculative value creation, positioning the development as a secure medium-term holding for both owner-occupiers and yield-focused investors unconcerned with volatile short-term price fluctuations.

109B Depot Road — From S$5,200