Type

Units

Min Area

Price Range

3 BR

1291 sqft

S$3,600/mo

Property Highlights

HDB development with 1 unit currently available.
Prices currently start from S$3,600.
Located 6 min (530 m) from CP2 Elias MRT Station (U/C).

Interested in this property?

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

628 Pasir Ris Drive 3: HDB Living Near Elias MRT Station

628 Pasir Ris Drive 3 represents a mature Housing and Development Board estate situated within the vibrant Pasir Ris planning area, one of Singapore's most established residential neighbourhoods. The development stands approximately 530 metres, or a leisurely six-minute walk, from Elias MRT Station on the Circle Line, positioning residents within easy reach of Singapore's broader public transport network. This transit accessibility forms a cornerstone of the estate's appeal, enabling residents to commute efficiently to key business districts across the island whilst maintaining a distinctly residential character.

The neighbourhood itself embodies the hallmark features of mature HDB precincts: landscaped green spaces, established community facilities, and a well-developed retail ecosystem. Pasir Ris has matured into a self-contained residential hub with shopping malls, hawker centres, and supermarkets within walking distance, creating a lifestyle that balances urban convenience with spacious, family-oriented living. The area continues to attract both first-time upgraders and seasoned property investors, reflecting its enduring desirability within Singapore's residential landscape.

Unit Composition and Space Planning

Units at 628 Pasir Ris Drive 3 are configured to accommodate diverse household sizes and living requirements. The development features multi-bedroom options spanning approximately 1,291 square feet at the mid-range, providing ample floor plates suited to families and professionals seeking generous living environments. The internal layout reflects contemporary HDB design principles, with functional kitchens, distinct sleeping quarters, and versatile communal areas that support modern domestic arrangements. Ceiling heights and natural ventilation typical of the era afford residents comfortable year-round living conditions, whilst the internal dimensions facilitate flexible furnishing and spatial arrangement.

MRT Connectivity and Transport Value

The six-minute walk to Elias MRT Station confers substantial strategic advantage to occupants. Circle Line connectivity provides direct access to Marina Bay financial district, Singapore CBD, and the eastern corridor employment zones, making the estate particularly attractive to professionals whose workplaces cluster in these areas. The station's relatively recent opening has reinforced property demand in the immediate vicinity, as commute times and transport convenience increasingly influence purchasing decisions in the HDB segment. Beyond rail, the estate benefits from comprehensive bus service coverage, ensuring residents retain flexible transport options across the island.

Investment Perspective and Rental Dynamics

For investors evaluating 628 Pasir Ris Drive 3 as an acquisition opportunity, the estate presents characteristics conducive to stable rental demand. Pasir Ris attracts a consistent stream of expatriate tenants, young professionals, and families seeking affordable, well-serviced residential accommodation, creating reliable tenant demand profiles. The proximity to Elias MRT enhances rental appeal materially, as tenants prioritise commute efficiency and transport accessibility. Rental yields across comparable mature HDB estates in this district typically reflect mid-to-high single-digit gross returns, though specific yield outcomes depend upon purchase price achieved, unit configuration, and market conditions at the time of acquisition.

Resale Market Characteristics

628 Pasir Ris Drive 3 benefits from an active resale market underpinned by strong neighbourhood fundamentals and consistent buyer interest. Transaction frequency across this estate remains healthy, providing sellers with viable exit opportunities and assuring future purchasers of market liquidity. Pricing patterns have historically tracked aligned with broader HDB market movements, though developments proximate to newly operational MRT stations have demonstrated enhanced capital appreciation trajectories. The estate's maturity means abundant comparable transaction data exists, enabling transparent price discovery and informed decision-making for prospective buyers and agents alike.

Neighbourhood Amenities and Quality of Life

Beyond residential accommodation, Pasir Ris delivers comprehensive neighbourhood infrastructure supporting diverse lifestyle preferences. Retail attractions including Pasir Ris Town Centre and Pasir Ris Park shopping mall provide entertainment, dining, and everyday shopping conveniences within short distances. The estate itself typically features community facilities including activity centres, childcare services, and recreational spaces that foster neighbourhood cohesion. Pasir Ris Park, one of Singapore's premier coastal recreational destinations, lies within reasonable reach, offering cycling paths, water sports facilities, and family-oriented leisure activities. For families with children, the neighbourhood supports multiple primary and secondary schools, fostering strong community identity around educational progression.

Financing and Acquisition Considerations

Prospective buyers acquiring units at 628 Pasir Ris Drive 3 should evaluate financing capacity through the lens of HDB loan eligibility criteria and conventional mortgage requirements. Total Debt Servicing Ratio thresholds typically permit purchasers with combined household incomes to leverage approximately 80 per cent of acquisition cost, though individual circumstances vary materially. Second-time property buyers should account for Additional Buyer's Stamp Duty at the current rate of 20 per cent, a material consideration that impacts effective acquisition cost and requires prudent financial planning. Engaging mortgage advisors and HDB loan processing teams early in the purchase journey clarifies financial headroom and ensures alignment with personal cash flow capacity.

Comparative Market Position

Within the Pasir Ris precinct, 628 Pasir Ris Drive 3 positions itself amongst established developments offering reliable specification and proven market standing. Competing estates in the neighbourhood present variable ages, configurations, and MRT proximity profiles, meaning individual investor or occupier preferences will ultimately dictate comparative value assessments. Price per square foot metrics across contemporary Pasir Ris HDB transactions provide transparent benchmarking tools, enabling buyers to evaluate whether units at this development represent fair value relative to recent market movements. Estate age, renovation requirements, and specific unit stack locations all contribute to differentiated pricing within the overall development.

Lease Considerations and Asset Lifecycle

As an HDB development, units at 628 Pasir Ris Drive 3 are governed by the standard 99-year lease framework that characterises Singapore's public housing sector. The estate's maturity means remaining lease tenure warrants careful evaluation by potential purchasers, particularly investors with extended holding horizons. HDB regulations permit lease renewal subject to specific eligibility criteria, though prospective buyers should independently verify lease remaining and associated renewal mechanics. Understanding lease decay implications on future resale value and financing availability remains essential due diligence for any HDB acquisition, ensuring purchase decisions align with both personal timelines and asset lifecycle expectations.

Future Neighbourhood Development

Pasir Ris remains subject to ongoing planning initiatives and urban intensification efforts by the Urban Redevelopment Authority. The district's maturity does not preclude future infrastructure upgrades, mixed-use regeneration projects, or enhanced transit integration that could amplify neighbourhood desirability further. Elias MRT Station's relatively recent commissioning suggests the transport network supporting the area will continue to evolve, potentially introducing additional connectivity options. Prospective residents and investors should monitor relevant URA planning documents and press releases to remain informed of proposed developments that might influence neighbourhood character, property values, or investment returns over medium-to-long timeframes.

Frequently Asked Questions

What rental yield might investors expect from purchasing a unit at 628 Pasir Ris Drive 3?

Rental yield at 628 Pasir Ris Drive 3 depends substantially on the acquisition price and prevailing market rent levels for comparable units in Pasir Ris. Mature HDB estates in this district typically deliver gross rental yields ranging from 4 to 6 per cent annually, reflecting stable tenant demand from expatriates, young professionals, and families valuing convenience and affordability. The proximity to Elias MRT Station enhances rental appeal materially, as tenants prioritise commute efficiency; however, precise yield outcomes require calculation against the specific purchase price paid for each unit. Investors should engage with property managers familiar with the Pasir Ris rental market to validate realistic rental expectations before committing capital.

How does pricing per square foot at 628 Pasir Ris Drive 3 compare to recent HDB transactions in the Pasir Ris area?

Pricing per square foot across Pasir Ris HDB estates fluctuates based on age, specific location, MRT proximity, and renovation status, making direct comparison essential for informed decision-making. Recent transactions in comparable mature estates typically range between specific per-square-foot benchmarks, though units at developments with superior transport access or newly renovated common areas command modest premiums. 628 Pasir Ris Drive 3's six-minute walk to Elias MRT Station positions it favourably relative to less-connected estates, potentially supporting higher per-square-foot valuation. Prospective buyers should request HDB resale transaction reports and engage agents familiar with recent Pasir Ris activity to validate whether specific units represent fair value relative to market movements and comparable sales history.

What Additional Buyer's Stamp Duty implications apply if I purchase at 628 Pasir Ris Drive 3 as my second residential property?

Singapore Citizens purchasing a second residential property, including HDB units at 628 Pasir Ris Drive 3, incur Additional Buyer's Stamp Duty at the current rate of 20 per cent on the purchase price. This additional duty represents a material acquisition cost that must be incorporated into purchase budgeting and financial planning; for example, a purchase at S$500,000 would trigger ABSD of S$100,000, materially increasing effective acquisition cost. ABSD typically applies to the entire purchase price and is payable concurrently with standard stamp duty and other conveyancing costs. Second-property buyers should conduct thorough financial modelling to confirm total acquisition costs remain supportable within personal cash flow capacity, engaging a conveyancing specialist to clarify precise duty obligations relevant to individual circumstances.

How does remaining lease tenure and lease decay risk affect resale value and financing for 628 Pasir Ris Drive 3 units?

As an HDB development, units at 628 Pasir Ris Drive 3 operate under the standard 99-year lease structure; the specific remaining lease tenure depends on the estate's exact commissioning date and current calendar year, requiring individual verification before purchase. Lease decay becomes mathematically relevant once remaining tenure drops below 60 years, as financial institutions begin tightening lending criteria and purchasers often demand pricing adjustments to reflect reduced investment horizons. HDB regulations permit lease renewal subject to specific eligibility criteria, though prospective buyers should independently confirm lease remaining, anticipate potential renewal costs, and model long-term asset value implications. Investors with extended holding horizons should prioritise units with maximum remaining lease tenure, ensuring investment thesis remains sound across their intended ownership period.

Does proximity to Elias MRT Station influence capital appreciation and future demand for 628 Pasir Ris Drive 3?

Proximity to MRT stations historically correlates with enhanced property capital appreciation and sustained demand, particularly when stations remain relatively recently operational as Elias MRT is. The six-minute walk from 628 Pasir Ris Drive 3 to Elias Station positions residents within the premium catchment for commute-focused buyers and renters, potentially supporting above-average resale price growth relative to less-connected estates. Circle Line connectivity to Marina Bay, Singapore CBD, and eastern employment zones strengthens the estate's appeal to working professionals, creating consistent tenant and buyer demand that typically translates to more resilient property values. Future extensions to the Circle Line or enhancements to interchange connectivity could amplify the estate's strategic value further, though prospective purchasers should avoid speculative assumptions and instead focus on current transport fundamentals and established commute patterns.

Which buyer profiles are best suited to 628 Pasir Ris Drive 3 – first-timers, upgraders, or investors?

628 Pasir Ris Drive 3 appeals across multiple buyer profiles, though each derives distinct value propositions from the estate's characteristics. First-time buyers appreciate the established neighbourhood infrastructure, mature community facilities, and proven resale market liquidity; Pasir Ris's comprehensive retail and social amenities reduce the friction of new homeownership. Upgraders relocating from smaller units benefit from the spacious floor plates and family-oriented neighbourhood environment, particularly those with young children valuing school proximity and parks infrastructure. Investors favour the stable tenant demand, MRT accessibility, and active resale market, recognising that mature HDB estates with strong transport connectivity tend to deliver reliable rental yield and predictable capital returns. Owner-occupiers seeking to minimise commute times whilst maintaining affordable housing costs align naturally with the estate's transport positioning and price point.

What Total Debt Servicing Ratio constraints and financing headroom typically apply at 628 Pasir Ris Drive 3 price points?

HDB financing regulations permit purchasers to leverage up to approximately 80 per cent of property value, subject to Total Debt Servicing Ratio limits that cap total monthly debt obligations at a proportion of gross household income. At typical Pasir Ris price points, TDSR constraints mean purchasers with combined incomes between S$8,000 and S$12,000 monthly can generally support down payments and loan amounts, though individual circumstances vary based on existing debt obligations and employer CPF contribution structures. Second-property buyers should account for ABSD at 20 per cent, effectively reducing available leverage and requiring higher personal equity contribution. Prospective buyers should engage HDB loan officers and mortgage advisors early to clarify precise financing capacity, ensuring purchase price targets align with validated borrowing limits and avoiding over-extension that might constrain future financial flexibility.

How does 628 Pasir Ris Drive 3 compete against nearby HDB developments in terms of value and location?

628 Pasir Ris Drive 3 occupies a competitive position within the broader Pasir Ris HDB market, distinguished primarily by its six-minute MRT accessibility and mature neighbourhood standing. Adjacent or nearby developments may offer variable lease remaining, older construction standards, or inferior transport connectivity, creating differentiated pricing across the precinct. Per-square-foot comparisons across recent transactions reveal specific valuation spreads, enabling buyers to assess whether 628 Pasir Ris Drive 3 represents fair value relative to competing options. The estate's age and established community character appeal to certain buyer segments, particularly upgraders and investors valuing predictable neighbourhood dynamics over speculative new development premiums. Prospective purchasers should systematically compare 3–5 competing estates across price, lease remaining, MRT proximity, and renovation status to validate relative value positioning and confirm alignment with personal priorities.

Which unit stacks or floor levels at 628 Pasir Ris Drive 3 typically represent the best value proposition?

Floor level preferences at 628 Pasir Ris Drive 3 vary by individual priorities and household composition, creating differentiated valuation opportunities across the development. Mid-level units (approximately 5–15 storeys) typically command premium pricing due to superior light, ventilation, and reduced exposure to street-level noise, though they attract corresponding buyer demand that may limit bargain opportunities. Lower-floor units often price at discounts relative to mid-levels, presenting potential value for price-conscious buyers tolerating modest natural light and ventilation compromises. Upper-floor units appeal to those prioritising expansive views and reduced noise exposure, commanding premiums justified by amenity preferences. From a pure value perspective, patient buyers may identify below-average-priced units on lower or higher floors, particularly where specific floor stack orientations create minor disadvantages that broader market participants overlook; engaging local agents familiar with the estate's stock and pricing patterns clarifies floor-level value dynamics.

What future supply pipeline developments in the Pasir Ris district might influence 628 Pasir Ris Drive 3's investment outlook?

Pasir Ris remains subject to ongoing urban planning initiatives and potential mixed-use redevelopment projects that could influence neighbourhood character and property demand trajectories over medium-to-long timeframes. The Urban Redevelopment Authority's masterplan for the district outlines potential enhancements to transport infrastructure, community facilities, and retail-residential integration; prospective buyers should review publicly available URA documents to remain informed of proposed developments. While substantial near-term supply pipeline risks appear modest given the estate's maturity, any future high-density residential projects or major commercial developments in adjacent precincts could influence pricing dynamics and rental demand. The relatively recent Elias MRT station commissioning represents the most significant infrastructure change affecting the area; additional Circle Line extensions or enhanced bus rapid transit systems could further amplify the neighbourhood's strategic positioning. Investors should adopt a 10–15 year outlook when evaluating 628 Pasir Ris Drive 3, recognising that Singapore's planning cycles introduce gradual but material changes to district-level supply-demand equilibrium.

628 Pasir Ris Drive 3 — From S$3,600