Type

Units

Min Area

Price Range

2 BR

732 sqft

S$550K

Property Highlights

HDB development with 2 units currently available.
Prices currently start from S$550K.
For Singaporean second property buyers, ABSD applies at 20% of the purchase price, approximately S$110K on this acquisition.
Located 8 min (680 m) from NS10 Admiralty MRT Station.

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.

694C Woodlands Drive 62: Established HDB Living Near Admiralty MRT

694C Woodlands Drive 62 is a mature HDB development situated in the heart of Woodlands, one of Singapore's oldest and most established public housing estates. The block sits approximately 680 metres—roughly an eight-minute walk—from NS10 Admiralty MRT Station, positioning residents within one of Singapore's best-connected transport nodes. This strategic location has made the development consistently attractive to a broad cross-section of property buyers and renters seeking the balance between affordability and accessibility.

Woodlands has undergone significant transformation over the past decade, with substantial infrastructure investments, estate-wide improvements, and the expansion of retail and F&B options. The neighbourhood now represents a mature, stable residential hub that appeals equally to families raising children, working professionals upgrading from smaller units, and investors seeking reliable long-term capital growth. The proximity to Admiralty MRT—a major interchange station serving the North-South Line—means residents enjoy seamless connectivity to the CBD, eastern regions, and growth areas like Marina Bay and Changi.

Location and Transport Connectivity

The eight-minute walk to Admiralty MRT Station is a significant advantage for this development. NS10 Admiralty sits at the intersection of the North-South Line and is surrounded by employment hubs, educational institutions, and commercial precincts. For working professionals, this translates to straightforward commutes to Raffles Place, Orchard, and Marina Bay areas. The station is also a major bus interchange, with numerous routes serving the broader Woodlands estate and beyond, ensuring multiple transport options for daily living.

Residents benefit from the stability that established transport infrastructure brings. Unlike developments in emerging areas where MRT connectivity may still be forthcoming, properties at 694C Woodlands Drive 62 already enjoy the full advantage of an operational, well-used transport hub. This removes future uncertainty and supports consistent demand from both owner-occupiers and investors.

Unit Mix and Space Standards

The development comprises units ranging from 2-bedroom configurations upwards, with floor areas typically spanning 700 to 800 square feet or more depending on unit type. These space allowances are generous by HDB standards, offering comfortable living for small families, couples, or individuals seeking more breathing room than compact studio or 1-bedroom alternatives. The two-bathroom configuration in many units adds practical convenience for multi-generational or multiple-occupant households.

Internal layouts in HDB units of this era have been refined through decades of design iteration. Kitchens, living areas, and bedrooms are proportioned to suit modern living patterns, whilst many units benefit from natural light and cross-ventilation from well-planned window placement. The 732-square-foot benchmark for standard 2-bedroom units provides ample space without the premium pricing of newer projects with equivalent footage.

Investment and Rental Yield Potential

For investors evaluating 694C Woodlands Drive 62 as a rental or capital appreciation play, several factors underpin long-term viability. HDB properties in mature estates with strong MRT connectivity have historically demonstrated resilient demand from tenants and purchasers alike. The Woodlands location, combined with Admiralty's status as a major interchange, positions the development in a rental sweet spot—professionals commuting to the city centre, families seeking suburban calm with urban access, and international expats all show consistent interest in properties of this specification.

Rental yields for HDB flats in established estates with good transport links typically range between 2.5% and 3.5% gross annual yield, depending on unit configuration, floor level, and exact rental market conditions at the time of letting. At current market valuations, the development sits within a pricing bracket that supports reasonable cash-on-cash returns for buy-to-let investors, particularly those leveraging housing loans at prevailing interest rates.

Capital Appreciation and Market Dynamics

Woodlands has seen consistent price appreciation over the past five to seven years, driven by the estate's maturity, continuous upgrading initiatives, and undiminished demand from upgraders and first-time buyers. Properties in HDB estates with strong MRT connectivity and established neighbourhood amenities tend to maintain steady resale demand, even as newer developments emerge in growth areas. The NS10 Admiralty connection acts as a stabilising factor—it is a fixed asset that will not diminish in value or convenience.

For buyers considering this development, the risk profile is relatively low compared to speculative investments in new launches or projects in emerging estates. The trade-off is that capital appreciation may be more measured than in high-growth districts, but the stability and predictability often justify that for conservative investors and owner-occupiers alike.

Buyer Profiles and Suitability

First-time buyers appreciate the HDB market for its transparency, standardised financing terms, and affordability relative to private housing. 694C Woodlands Drive 62 offers sufficient space and modern-day conveniences for young couples or families starting their property ownership journey. The proven neighbourhood infrastructure and proximity to Admiralty MRT reduce perceived risk for novice investors.

Upgraders—typically owner-occupiers moving from smaller 1-bedroom units or from private housing seeking better value—find this development attractive for its balance of space, cost, and location. Families with children benefit from the estate's schools, parks, and established community networks that have developed over decades in Woodlands.

Investors seeking stable, income-generating HDB assets favour the development for its rental demand profile and the maturity of both the estate and its transport networks. The 680-metre walk to Admiralty MRT makes the property accessible to working professionals and international relocations, both reliable tenant pools.

Financing and Mortgage Considerations

HDB purchases enjoy standardforward housing loan eligibility through participating banks and HDB's own schemes. The total debt servicing ratio (TDSR) limits total monthly debt servicing to 60% of gross monthly income, meaning buyers must demonstrate sufficient income headroom relative to the property's valuation and prevailing interest rates. For a purchase price in the S$550,000 range, a standard 80% LTV loan requires a monthly income of approximately S$7,500–S$8,500 to comfortably clear TDSR caps, though exact figures depend on the buyer's existing debts and the bank's risk assessment.

Interest rates for HDB loans currently hover around 2.6% to 3.2% per annum, and fixed-rate schemes are available to lock in certainty. First-time buyers may qualify for HDB concessional rates or CPF grants, further improving the financial case. Existing property owners purchasing a second residential property should budget for Additional Buyer's Stamp Duty (ABSD) at 20% of the purchase price—a significant consideration that materially affects total acquisition cost and thus the feasibility of the investment at given income levels.

Market Comparison and Competitive Standing

The broader Woodlands HDB market encompasses several blocks of varying age, configuration, and condition. Properties on Woodlands Drive and adjacent roads command similar price per square foot levels to 694C, with minor variations reflecting floor level, unit orientation, and individual renovation history. Nearby competing developments include blocks in the Woodlands Circle and Woodlands Street areas, which offer comparable proximity to Admiralty MRT and similar amenity access. 694C Woodlands Drive 62's specific stack and unit layouts may offer advantages in terms of natural light or view corridors compared to some neighbouring blocks, though buyers should inspect multiple options before committing.

Future Developments and Estate Planning

Woodlands is classified as a mature estate by the Housing and Development Board, meaning the emphasis has shifted from new construction toward selective redevelopment and continuous maintenance. Some older blocks may be selected for the Selective En Bloc Redevelopment Scheme (SERS) in the future, though there is no current indication that 694C falls into this category. Buyers should remain aware that SERS eligibility, should it arise, typically provides fair compensation and priority access to new flats, but remains a medium-to-long-term possibility rather than an immediate concern. The estate's overall supply pipeline is stable rather than rapidly expanding, supporting price stability for existing units.

Conclusion

694C Woodlands Drive 62 represents a solid entry point into Singapore's HDB market for first-time buyers, upgraders, and conservative investors alike. The combination of established neighbourhood infrastructure, strong MRT connectivity via Admiralty, and proven rental demand makes the development a pragmatic choice for those prioritising stability and accessibility over cutting-edge design or premium location. Pricing is positioned to reflect the development's maturity whilst maintaining the value proposition that HDB housing has long offered Singapore's property market.

Frequently Asked Questions

What rental yield can I expect if I purchase a unit at 694C Woodlands Drive 62 as an investment?

HDB properties at 694C Woodlands Drive 62, positioned eight minutes from Admiralty MRT, typically achieve gross annual rental yields between 2.5% and 3.5%, depending on unit configuration, floor level, and prevailing market rental rates. A 2-bedroom unit at approximately S$550,000 would generate monthly rents in the region of S$1,150 to S$1,600, based on current Woodlands lettings data—translating to the yield range cited above. Investors should factor in property tax (typically S$170–S$250 annually for HDB), maintenance contributions, and potential void periods when calculating net yield. The proximity to Admiralty MRT enhances tenant demand, as working professionals and expats regularly seek HDB units close to major transport interchanges.

How does the price per square foot at 694C Woodlands Drive 62 compare to recent HDB transactions in Woodlands?

Woodlands HDB market pricing has averaged approximately S$750 to S$850 per square foot for 2-bedroom units in established blocks over the past 12–18 months, with variations depending on floor level, unit orientation, and renovation condition. The development sits comfortably within this range, neither commanding a premium nor trading at a discount—a reflection of its mature estate status and reliable Admiralty MRT connectivity. Recent comparable sales in adjacent Woodlands Drive blocks have typically realised prices between S$530,000 and S$580,000 for similar-sized units, suggesting that pricing at 694C is aligned with neighbourhood market trends. Buyers should scrutinise individual unit floor plans and viewing notes, as slightly higher prices may reflect better-positioned units with superior natural light or view corridors.

What is the Additional Buyer's Stamp Duty impact if I am buying 694C Woodlands Drive 62 as my second residential property?

Singapore Citizens purchasing a second residential property incur Additional Buyer's Stamp Duty (ABSD) at the current rate of 20%, applied to the purchase price. For a property at 694C Woodlands Drive 62 valued at S$549,888, ABSD would amount to S$109,978, materially increasing total acquisition costs beyond the purchase price alone. This 20% ABSD applies whether the property is an HDB or private housing and is payable within 30 days of the instrument of transfer. Investors and upgraders should factor this considerable cost into their financial planning, as it reduces effective leverage and impacts overall cash-on-cash return calculations significantly. First-time property purchasers face no ABSD, only Buyer's Stamp Duty at standard rates, making their effective acquisition cost substantially lower.

What is the lease tenure of units at 694C Woodlands Drive 62, and what is the resale value risk from lease decay?

HDB units at 694C Woodlands Drive 62 are built on 99-year leasehold tenure, with the original lease commenced in the mid-1980s, meaning the block currently carries approximately 60+ years remaining on the lease. In practical terms, lease decay becomes a material resale consideration once a property drops below 50 years remaining, at which point buyer financing options narrow and valuations typically compress. Given the block's current lease profile, this concern is not imminent, and the development remains highly marketable to both owner-occupiers and investors for at least the next 10–15 years. However, buyers should be aware that HDB leasehold properties will eventually face lease extension decisions or potential SERS redemption opportunities offered by the Housing and Development Board, and long-term resale value depends partly on whether these government-facilitated pathways become available or whether private extension arrangements become commonplace.

How does proximity to Admiralty MRT Station drive demand and capital appreciation for properties at 694C Woodlands Drive 62?

NS10 Admiralty is a major interchange station serving the North-South Line and the broader transport network, making it one of Singapore's most utilised commuter hubs. Properties within an eight-minute walk of such stations historically command stronger demand, lower vacancy rates for rentals, and more consistent capital appreciation than those further from transport nodes. The Admiralty MRT connection ensures that 694C Woodlands Drive 62 remains accessible to employment centres in Marina Bay, Raffles Place, Orchard, and the east coast, making the development attractive across multiple buyer and tenant profiles. Estate maturity combined with proven transport infrastructure reduces uncertainty around future resale demand, whereas similar properties in areas awaiting MRT connections face higher speculative risk. Over medium-to-long-term holding periods, proximity to Admiralty has historically supported steady price appreciation, albeit more moderate than speculative growth areas, because demand remains stable and supply is relatively controlled.

Is 694C Woodlands Drive 62 suitable for first-time property buyers, and what are the key advantages?

First-time buyers find HDB properties particularly attractive due to transparent pricing, standardised financing through HDB and participating banks, and lower acquisition costs compared to private housing. At 694C Woodlands Drive 62, the Woodlands location and Admiralty MRT proximity offer young couples or small families an established neighbourhood with proven amenities, schools, and community facilities—reducing the perceived risk of an unknown developing area. First-time buyer eligibility for CPF grants and HDB concessional loan rates further reduces effective acquisition costs and improves affordability relative to private property purchases. The mature estate also means fewer surprises around future infrastructure projects or large-scale estate works, providing the stability and predictability that first-time owners typically seek.

What mortgage headroom and TDSR implications should I expect when financing a unit at 694C Woodlands Drive 62?

The total debt servicing ratio (TDSR) limits total monthly debt obligations to 60% of gross monthly income. For a purchase price of approximately S$550,000 with an 80% loan-to-value (LTV) ratio, the resulting monthly mortgage payment at current rates (around 2.8–3.0% per annum) would be approximately S$2,400–S$2,500 over a 30-year amortisation. To clear TDSR comfortably, buyers should demonstrate gross monthly income of at least S$7,500–S$8,500, accounting for other debts and the bank's risk buffers. Buyers with existing car loans, student loans, or credit card commitments will have tighter headroom and may need higher income or smaller loan amounts. Those purchasing a second property face the additional strain of 20% ABSD on the acquisition cost, which either requires larger upfront capital or reduces the loan quantum available under the same TDSR cap.

How does 694C Woodlands Drive 62 compare to competing HDB developments in nearby areas?

Competing HDB developments in Woodlands include blocks in Woodlands Circle, Woodlands Street, and adjacent precincts, many of which enjoy similar or identical proximity to Admiralty MRT or alternative transport nodes. Price per square foot across these competing blocks typically falls within the S$750–S$850 range, similar to 694C, with premiums and discounts reflecting specific unit orientations, floor levels, and renovation conditions rather than broad development-level advantages. Some competing blocks may offer marginally better-positioned units with superior views or light, whilst others may be slightly further from MRT but offer quieter settings. The key differentiator for 694C is its specific block condition, unit layouts, and resident feedback—factors that are best evaluated through direct comparison viewings and engagement with local agents familiar with the precise estate and block characteristics.

Are there particular unit stacks or floor levels at 694C Woodlands Drive 62 that offer better value or investment potential?

Mid-level units (typically floors 3–8) at HDB developments commonly offer the best balance of value and utility—they enjoy reasonable natural light and ventilation whilst avoiding the top-floor heat retention and bottom-floor noise issues that can affect occupant comfort and rental desirability. Units facing away from major roads or estate thoroughfares typically rent and resell more easily than those with traffic-adjacent positions, as tenants and owner-occupiers prioritise quieter living environments. End-of-stack units and corner units sometimes command premiums due to additional light or views, though these premiums may not always justify the purchase price premium, particularly for buy-to-let investors focused on rental yield. Direct inspection of floor plans and site visits to specific units are essential; numerical comparisons alone cannot capture the practical advantages of natural ventilation, view corridors, and ambient noise that materially affect both tenant satisfaction and long-term resale appeal.

What future supply pipeline exists in Woodlands, and will it affect long-term resale value of 694C?

Woodlands is classified as a mature HDB estate, meaning the focus is on selective redevelopment and continuous maintenance rather than large-scale new construction. Whilst some older blocks may be considered for the Selective En Bloc Redevelopment Scheme (SERS) in the future, 694C does not currently face any formal SERS announcement or indication of imminent redevelopment. The measured supply pipeline in the broader estate supports relatively stable pricing for existing units, as competition from new HDB launches within Woodlands is unlikely to be intense. However, the broader Singapore HDB market continues to deliver new projects in growth areas like Tengah and Punggol, which may absorb some proportion of upgrader demand; this long-term competitive pressure is a consideration for buy-to-let investors seeking maximum capital appreciation, though it does not materially threaten the base-case rental and resale market for established properties near Admiralty MRT.

694C Woodlands Drive 62 — From S$550K