Type

Units

Min Area

Price Range

3 BR

1119 sqft

S$685K

Property Highlights

HDB development with 1 unit currently available.
Prices currently start from S$685K.
For Singaporean second property buyers, ABSD applies at 20% of the purchase price, approximately S$137K on this acquisition.
Located 7 min (600 m) from EW3 Simei 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?

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106 Simei Street 1: A Mature HDB Development in the Heart of Simei

106 Simei Street 1 stands as part of the established Simei residential precinct, one of Singapore's well-developed public housing neighbourhoods. The development comprises resale HDB units that have attracted successive generations of homebuyers seeking stability, affordability, and convenient urban connectivity. Located in the East region, this mature estate offers a compelling proposition for families, upgraders, and investment-focused purchasers alike.

The development's strategic positioning within Simei places it within walking distance of essential public transport infrastructure. Situated approximately seven minutes' walk (600 metres) from EW3 Simei MRT Station on the East-West Line, residents enjoy seamless connectivity to central business districts, major employment nodes, and shopping destinations across the island. This accessibility has historically underpinned sustained demand for units within the locale, making it an attractive hub for commuters and families prioritising transport convenience.

Property Configurations and Market Pricing

Units at 106 Simei Street 1 are available in three-bedroom, two-bathroom configurations with floor areas around 1,119 square feet. Current resale listings commence from S$685,000, reflecting the prevailing market sentiment for mature HDB stock in this district. The pricing sits within the mid-range segment for Simei's resale market, balancing affordability with the established nature of the estate and its proven track record of capital stability.

Prospective purchasers evaluating units at this address should consider the cost per square foot relative to comparable resale transactions within the immediate Simei locality. The development's age profile and the steady flow of transactional activity in the area provide useful benchmarks for assessing current valuations against historical price trends and neighbouring HDB developments.

MRT Accessibility and Its Impact on Demand

Proximity to Simei MRT Station represents a defining characteristic of this development. The East-West Line connection enables direct, uninterrupted access to high-employment zones including the Central Business District, Marina Bay, and emerging employment corridors along the eastern coastline. For families with multi-generational commuting needs, the straightforward MRT journey to educational institutions, healthcare facilities, and recreational amenities enhances the neighbourhood's appeal.

The maturity of the Simei station interchange, combined with regular bus services supplementing the rail network, has consistently supported both rental demand and resale price resilience. Properties located within this transport-accessible radius typically command sustained interest from investors and owner-occupiers, underpinning the area's long-term capital appreciation narrative.

Investment Considerations and Rental Yield Potential

HDB resale units at 106 Simei Street 1 present a viable avenue for residential investment, particularly for Singaporean citizens and permanent residents diversifying their property portfolios. The mature estate profile, combined with the area's established tenant base—comprising young families, professionals, and retirees—creates a consistent rental demand environment. Three-bedroom units typically command rental premiums relative to smaller configurations, given their suitability for multi-person households and growing families seeking affordable suburban living.

Estimated rental yields for properties in this locale range between 3–4.5% per annum, depending on precise unit specifications, floor level, and market conditions at the time of acquisition. Investors should factor in the lower vacancy risk inherent in Simei's mature estate status, offset against the gradual lease decay as units approach the sixty-year threshold and beyond. Conservative investors may favour shorter-lease units purchased at discounted valuations, providing better cash-on-cash returns despite longer-term resale headwinds as the estate ages.

Financing, TDSR, and Stamp Duty Implications

For first-time HDB purchasers, financing at 106 Simei Street 1 typically poses minimal constraints given the moderate price points and established history of HDB lending. At price points around S$685,000, borrowers with standard employment profiles and decent credit histories can secure 80–90% loan-to-value financing from the Housing and Development Board or commercial banks. This translates to manageable monthly instalments within the Total Debt Servicing Ratio (TDSR) framework for most owner-occupiers with stable income.

Second-property purchasers and investors, however, must account for Additional Buyer's Stamp Duty (ABSD) at 20%, applied to the purchase price. For a unit priced at S$685,000, ABSD liability would amount to S$137,000, significantly impacting the total acquisition cost and requiring careful cash flow planning. Buyers should seek professional tax advice to understand how this duty affects their overall investment thesis and whether the expected rental returns justify the additional capital outlay.

Lease Tenure and Resale Resilience

HDB flats at 106 Simei Street 1 are offered on 99-year leasehold terms, a standard tenure for public housing in Singapore. As a mature estate, some units may have entered their third or fourth decade of occupancy, necessitating careful assessment of remaining lease duration prior to purchase. Flats with seventy years or more of lease remaining typically retain strong resale appeal and standard HDB financing eligibility; however, as lease tenures decline below sixty years, resale valuations and buyer pools contract, potentially impacting future capital appreciation.

Prospective purchasers should obtain official HDB records confirming each unit's remaining lease period and factor depreciation risk into their valuation decisions. Those purchasing for owner-occupation and planning indefinite tenure may regard lease decay as less material; conversely, investors with fifteen to twenty-year holding horizons should consider whether residual lease duration aligns with their exit strategies.

Suitability Across Buyer Profiles

106 Simei Street 1 appeals to diverse buyer cohorts. First-time buyers benefit from the area's affordability, established infrastructure, and HDB grant eligibility schemes, which can reduce effective purchase prices by S$80,000–S$100,000 depending on income circumstances. Upgraders from smaller HDB units or first-generation Housing and Development Board flats find the three-bedroom configuration and mature estate amenities conducive to family expansion without escalating to private residential pricing.

For investors, the Simei locale presents a lower-volatility proposition compared to fringe areas or newly launched developments, offsetting marginal yield compression through enhanced tenant acquisition reliability and lower turnover costs. High-net-worth individuals seeking portfolio diversification into HDB resale markets often favour mature, well-established enclaves where tenant screening is straightforward and property management burdens remain minimal.

Neighbourhood Amenities and Infrastructure

The Simei estate has matured into a self-contained residential ecosystem supported by essential facilities. Residents benefit from proximity to hawker centres serving diverse cuisines, supermarkets including large format grocery retailers, educational institutions spanning kindergartens through junior colleges, and healthcare facilities including a 24-hour clinic network. Recreational spaces encompassing multiple neighbourhood parks, community centres, and sports facilities cater to families of all life stages.

This comprehensive amenities ecosystem reflects decades of HDB town planning and has created a stable, self-sustaining community. Unlike greenfield developments where infrastructure emerges gradually, Simei's established status means residents enjoy immediate access to proven, operational services, which indirectly supports both rental demand and resale price stability.

Comparative Market Position

Within the broader Simei and eastern HDB market, 106 Simei Street 1 occupies a middle valuation tier. Newer HDB developments in nearby precincts such as Tampines and Pasir Ris command price premiums reflecting their newer construction, longer lease durations, and enhanced specification standards. Conversely, the mature Simei estate offers lower entry prices, making it particularly attractive to first-time and budget-conscious buyers who prioritise location over architectural novelty.

Investors comparing yields across competing eastern HDB developments typically find Simei units competitive on a psf basis, particularly when adjusting for MRT proximity. The trade-off between premium valuations for newer stock and discounted pricing for mature, proven communities creates natural segmentation within the broader HDB resale market.

Future Supply and District Trends

The Simei estate is unlikely to see major new HDB development, as the planning area has largely been built out over preceding decades. This supply scarcity provides a natural floor under valuations, as incremental demand from population growth cannot be satisfied through new estate creation. Instead, resale transactions will continue to dominate market activity, with turnover driven by lifecycle transitions, upgrading cycles, and investment portfolio rebalancing.

The broader eastern region continues to attract strategic infrastructural investment, including transport infrastructure enhancements and employment zone development. Should the East region's economic momentum accelerate, spillover effects would likely support underlying property valuations, benefiting mature estates including Simei that provide affordable, conveniently located housing proximal to emerging opportunity corridors.

Frequently Asked Questions

What is the estimated rental yield for a three-bedroom unit at 106 Simei Street 1?

Three-bedroom units at 106 Simei Street 1 typically command rental yields between 3–4.5% per annum, depending on precise specifications, floor level, and prevailing market conditions at the time of acquisition. The mature estate's established tenant demographic—comprising young families, professionals, and retirees—creates consistent rental demand, reducing vacancy risk relative to newer or fringe developments. Investors should factor in the property's lease duration, as units with shorter remaining tenures may experience rental compression as lessees become more cautious about long-term occupancy viability.

How does the price per square foot at 106 Simei Street 1 compare to recent Simei resale transactions?

With units priced from S$685,000 for approximately 1,119 square feet, the development commands a psf rate of roughly S$612, positioning it competitively within the contemporary Simei resale market. Recent comparable transactions in the immediate locale typically range between S$580–S$650 psf, depending on factors such as floor level, facing orientation, and proximity to the MRT station. Prospective purchasers should review HDB transactional databases to confirm alignment with the current district pricing cycle and to identify any notable divergence from established psf benchmarks that might signal undervaluation or overpricing.

What are the Additional Buyer's Stamp Duty implications for purchasing a second property at 106 Simei Street 1?

Second-property purchasers who are Singapore Citizens must pay Additional Buyer's Stamp Duty (ABSD) at 20% on the purchase price. For a unit priced at S$685,000, this equates to S$137,000 in duty liability, significantly elevating total acquisition costs. ABSD is payable at the point of legal completion and cannot be financed through the HDB or standard mortgage products, requiring cash reserves or alternative funding strategies. Investors should factor this 20% duty into their investment thesis to ensure that expected rental returns and capital appreciation justify the heightened entry cost.

Does lease decay present a significant resale risk for units at 106 Simei Street 1?

Lease decay does pose a material consideration, particularly for investors with medium to long-term holding horizons. As a mature estate, units at 106 Simei Street 1 may have thirty to forty years of lease tenure already elapsed, depending on their initial allocation date. Units with seventy years or more remaining typically retain strong resale appeal and standard HDB financing eligibility; however, as leases fall below sixty years, buyer pools contract and valuations compress. Owner-occupiers planning indefinite tenure may regard this as less critical, but investors should obtain official HDB records confirming remaining lease durations and incorporate depreciation risk into their valuation models.

How does proximity to EW3 Simei MRT Station influence demand and capital appreciation?

The seven-minute walk to Simei MRT Station represents a significant value driver, enabling direct East-West Line connectivity to the Central Business District, Marina Bay, and employment corridors spanning the eastern coastline. This accessibility sustains robust demand from commuter households and professionals, underpinning consistent rental turnover and supporting long-term capital appreciation. The maturity of the Simei station interchange and supplementary bus network have historically insulated the area from transport-related vacancy risks, making MRT-proximal units more resilient through economic cycles compared to developments requiring longer commute times.

Is 106 Simei Street 1 suitable for different buyer profiles such as first-timers, upgraders, investors, and HNW individuals?

The development serves multiple buyer segments effectively. First-time purchasers benefit from the development's affordability, established infrastructure, and HDB grant eligibility schemes that can reduce purchase prices by S$80,000–S$100,000 depending on income. Upgraders from smaller units find the three-bedroom configuration and mature estate amenities conducive to family expansion without private residential pricing escalation. Investors appreciate the lower-volatility profile of mature estates with established tenant bases and transparent rental markets. High-net-worth individuals often view Simei as a portfolio diversification vehicle, valuing the straightforward property management requirements and consistent income generation relative to speculative fringe developments.

What TDSR headroom and financing conditions apply to typical price points at 106 Simei Street 1?

At price points around S$685,000, first-time owner-occupiers with standard employment profiles can typically secure 80–90% loan-to-value financing from the Housing and Development Board or commercial banks. For a S$685,000 purchase with 85% LTV, the loan amount of approximately S$582,250 translates to monthly instalments around S$2,800–S$3,200 at prevailing mortgage rates, remaining well within TDSR thresholds for dual-income households earning S$6,000–S$8,000 monthly. Second-property purchasers face tighter constraints due to ABSD costs and potentially stricter bank lending criteria, requiring demonstration of adequate financial headroom to service debt whilst accounting for the 20% stamp duty outlay.

How does 106 Simei Street 1 compare to nearby competing HDB developments in the eastern region?

Simei's mature estate status positions it at a lower valuation tier relative to newer developments in adjacent precincts such as Tampines and Pasir Ris, which command price premiums reflecting longer lease durations, modern construction specifications, and enhanced amenity standards. However, Simei offers superior affordability for budget-conscious buyers and delivers established infrastructure and proven community ecosystems immediately upon purchase. On a psf basis, units at 106 Simei Street 1 typically offer competitive value when compared to similarly-configured units in neighbouring estates, particularly when accounting for the lower lease burn rates and MRT proximity. For investors, the trade-off between premium pricing for newer stock and discounted valuations for mature communities creates natural segmentation within the broader resale market.

Which unit stack or floor level at 106 Simei Street 1 offers the best value proposition?

Mid-level units (floors three to eight) typically command the optimal balance between acquisition cost and desirability, as they avoid the price premiums associated with higher storeys and the potential tenant resistance to lower levels in humid, tropical climates. Lower floors (levels one and two) may trade at discounts of 5–10% relative to mid-level units, yet may experience marginally slower rental turnover due to perceived noise and humidity concerns, offsetting the acquisition savings. Higher floors (nine and above) attract premium valuations from owner-occupiers prioritising views and ventilation but may face longer tenant acquisition periods, compressing yield outcomes. Investors should cross-reference unit valuations against recent transactional data for the specific stack to identify pricing anomalies signalling genuine value.

What is the future supply pipeline in the Simei district, and how does it affect long-term property valuations?

The Simei estate has been substantially built out over preceding decades, with minimal scope for new HDB development within the established planning area. This supply scarcity provides a natural floor under valuations, as incremental demand from Singapore's population growth cannot be satisfied through new estate creation; instead, property turnover will be driven by lifecycle transitions, upgrading cycles, and investment rebalancing. The broader eastern region is attracting strategic infrastructural investment including transport enhancements and employment zone development, which may create positive spillover effects supporting underlying property valuations for mature estates including Simei. Unlike fringe developments vulnerable to new competitive supply, 106 Simei Street 1 benefits from structural supply constraints that favour long-term price resilience and capital appreciation potential.

[For Sale] Hdb Flat At 106 Simei Street 1 — From S$685K