Type

Units

Min Area

Price Range

Other

1614 sqft

S$1,000/mo

Property Highlights

HDB development with 1 unit currently available.
Prices currently start from S$1,000.
For Singaporean second property buyers, ABSD applies at 20% of the purchase price, approximately S$200 on this acquisition.
Located 9 min (760 m) from CR9 Serangoon North MRT Station (U/C).

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.

111 Serangoon North Avenue 1: A Premier HDB Development in Serangoon North

111 Serangoon North Avenue 1 represents a well-established HDB development situated in one of Singapore's most vibrant residential precincts. Located at the heart of Serangoon North, this project combines the practicality of public housing with the benefits of a mature, connected neighbourhood. The development comprises quality residential units designed to serve the diverse needs of Singapore's homebuying population, from first-time buyers to upgraders and investment-minded purchasers seeking stable returns.

The neighbourhood surrounding 111 Serangoon North Avenue 1 is characterised by excellent accessibility, with the development positioned approximately nine minutes' walk from Serangoon North MRT Station, which is currently under construction. Once operational, this new station will significantly enhance the area's appeal by offering direct connectivity to major employment centres, shopping districts, and leisure destinations across the island. The forthcoming MRT link represents a transformative infrastructure upgrade that is likely to drive sustained demand for residential units in this locale.

Location and Connectivity

Serangoon North has long been valued for its balanced mix of residential tranquillity and urban convenience. The area boasts mature town planning, with established schools, community centres, and retail amenities within easy reach. The proximity to Serangoon Central, a major commercial and retail hub, means residents enjoy access to shopping, dining, and entertainment options without lengthy commute times. Additionally, the neighbourhood's established transport infrastructure, complemented by the imminent arrival of the new MRT station, positions it as an increasingly attractive investment destination.

For commuters and working professionals, the under-construction MRT station will prove particularly valuable, significantly reducing travel times to business districts in the city centre, Jurong East, and other key employment areas. This infrastructure development typically correlates with increased capital appreciation, as properties closer to new MRT stations experience heightened buyer and tenant interest. The development's walkability score is further enhanced by the presence of bus services and secondary roads connecting to broader transport networks.

Unit Offerings and Space Standards

Units at 111 Serangoon North Avenue 1 are thoughtfully designed to deliver practical living spaces with contemporary layouts. The development offers a range of unit configurations, with floor areas reaching up to approximately 1,614 square feet in larger configurations. This sizing appeals particularly to families seeking adequate space for multiple living zones, home offices, and flexible accommodation needs. The spacious floor plans represent excellent value within the Serangoon North market, where per-square-foot pricing remains competitive relative to newer developments in adjacent precincts.

Modern unit design emphasises functional flow, with well-appointed kitchens, adequate storage solutions, and intelligently positioned bedrooms that maximise privacy and natural ventilation. Many units benefit from corner or semi-corner positions that afford enhanced light penetration and cross-ventilation, contributing to a brighter and more comfortable living environment year-round. The development's architectural design reflects contemporary standards whilst maintaining the timeless appeal necessary for long-term asset resilience.

Investment and Ownership Considerations

For investor-minded purchasers, 111 Serangoon North Avenue 1 presents compelling fundamentals. The HDB market in Serangoon North has demonstrated consistent rental demand, driven by the area's established character and proximity to employment centres. Rental yields on units in this precinct typically align with broader HDB market averages, though individual returns depend on unit configuration, floor level, and lease condition. The imminent completion of Serangoon North MRT Station is expected to strengthen rental appeal, as tenants increasingly value proximity to convenient public transport.

First-time buyers should note that HDB eligibility criteria apply, and purchasers must meet Housing and Development Board requirements concerning citizenship, income, and ownership history. For Singapore Citizens purchasing a second residential property, Additional Buyer's Stamp Duty of 20% applies to the purchase price, materially increasing total acquisition costs. Upgraders transitioning from older HDB units or private apartments should carefully model this stamp duty impact as part of their financial planning.

Market Position and Demand Drivers

The Serangoon North precinct has attracted sustained buyer and tenant interest over recent years, underpinned by its mature infrastructure, established schools, and balanced lifestyle offerings. The development benefits from this established market reputation whilst capturing demand from purchasers seeking value-accretive entry points into the area. Comparative analysis of recent transactions in the neighbourhood suggests pricing at 111 Serangoon North Avenue 1 remains competitive relative to per-square-foot benchmarks for comparable HDB developments in the district.

The forthcoming MRT station represents a significant catalyst for future demand and capital appreciation. Historically, HDB developments near new MRT stations experience enhanced buyer interest, reduced time-to-sale metrics, and sustained rental enquiries. This development's proximity to the under-construction station positions it advantageously for investors and owner-occupiers alike, as the infrastructure upgrade typically translates into measurable upside in both capital value and rental income potential.

Neighbourhood Amenities and Lifestyle

Residents at 111 Serangoon North Avenue 1 enjoy access to a comprehensive range of neighbourhood amenities. Serangoon Central provides extensive retail, dining, and entertainment facilities within minutes. The area is well-served by schools spanning primary through junior college levels, making it particularly attractive to families with children at various education stages. Healthcare facilities, including clinics and polyclinics, are readily accessible, as are recreational spaces such as parks and community clubs.

The mature neighbourhood character means established social infrastructure and community networks. Residents benefit from decades of town planning that have created balanced, liveable precincts with appropriate densities and excellent public spaces. This established character appeals to upgraders seeking stability and long-term community roots, as well as to investors valuing the area's proven ability to attract and retain quality tenants.

Future Outlook and Capital Growth Potential

The completion of Serangoon North MRT Station represents a major inflection point for the precinct's long-term capital trajectory. Historical data from comparable HDB developments that gained new MRT connectivity demonstrates that such infrastructure upgrades typically drive sustained appreciation over the five to ten-year horizon following station opening. Properties within walking distance of new stations frequently experience demand surges and price acceleration as accessibility advantages become evident to the broader purchasing pool.

Beyond transport infrastructure, the Serangoon North area continues to benefit from strategic planning initiatives that enhance neighbourhood amenities and environmental quality. The precinct's established character and proven ability to sustain residential value make it a relatively defensive investment within the HDB market, appealing to purchasers prioritising stability alongside growth potential.

Frequently Asked Questions

What rental yield can I expect if I purchase a unit at 111 Serangoon North Avenue 1 as an investment property?

Rental yields on HDB units in Serangoon North typically range from 3% to 4.5% gross annually, depending on unit configuration, floor level, and prevailing market conditions. The imminent completion of Serangoon North MRT Station is expected to strengthen rental demand and potentially support yields at the higher end of this range, as tenants increasingly prioritise transport convenience. Smaller units and ground-floor configurations generally attract faster tenant turnover but may command lower monthly rents, whilst larger three-bedroom units typically generate higher absolute rental income, though capitalisation rates may remain comparable. Your actual yield will depend on the specific purchase price you negotiate, the unit type selected, and the rental market conditions prevailing at the time of your investment.

How does the per-square-foot pricing at 111 Serangoon North Avenue 1 compare to recent HDB transactions in the Serangoon area?

Recent HDB transactions in Serangoon North have traded at price points ranging from approximately S$850 to S$950 per square foot, depending on unit type, floor level, and transaction timing. Units at 111 Serangoon North Avenue 1 are positioned competitively within this range, reflecting the development's mature market position and established reputation within the precinct. Larger units with premium floor levels or corner configurations may command pricing at the higher end of the Serangoon North market range, whilst standard configurations remain accessible at lower thresholds. This pricing dynamic positions the development as an excellent entry point for value-conscious purchasers seeking quality units without paying premiums associated with newer launches or prime-location developments.

What is the impact of the 20% Additional Buyer's Stamp Duty (ABSD) on my purchase of a second residential property at this development?

If you are a Singapore Citizen purchasing a second residential property, the Additional Buyer's Stamp Duty of 20% applies to the full purchase price. For example, on a unit valued at S$500,000, the ABSD would amount to S$100,000 in additional costs payable on top of standard stamp duty and associated fees. This 20% ABSD materially impacts the total cost of acquisition and must be carefully factored into your financial planning alongside mortgage considerations and cash flow projections. Many purchasers in this situation benefit from consulting financial advisors to model the long-term investment case, as the additional capital outlay reduces initial yield and extends the break-even horizon on capital appreciation.

Does the HDB lease term affect the long-term resale value of units at 111 Serangoon North Avenue 1?

HDB units are granted on a 99-year leasehold tenure, and the remaining lease duration significantly influences long-term resale value and financing accessibility. Most units at 111 Serangoon North Avenue 1 retain substantial lease periods, which means lease decay risk is not currently a material concern for current purchasers, though this consideration becomes increasingly important as leases decline below 85 years. Financial institutions typically become more restrictive with mortgage approvals as leases approach 80 years remaining, and buyer demand can soften materially when lease terms fall below this threshold. For purchasers with a medium to long-term holding horizon, the current lease position of units in this development presents no material obstacle to future resale, though it remains a parameter to monitor and factor into your long-term ownership planning.

How will the new Serangoon North MRT Station affect property demand and capital appreciation at this development?

The imminent completion of Serangoon North MRT Station represents a transformative infrastructure upgrade that typically drives material capital appreciation and sustained demand for nearby residential units. Properties within walking distance of new MRT stations historically experience demand surges, reduced time-to-sale metrics, and acceleration in capital value, particularly in the two to five-year period following station opening. The development's proximity of approximately nine minutes' walk to the new station positions it ideally to capture these connectivity-driven demand drivers, as tenants and owner-occupiers increasingly prioritise transport accessibility. The infrastructure upgrade will particularly benefit commuters seeking convenient access to business districts and major employment centres, strengthening the development's appeal to working professionals and making it a more attractive proposition for investment-focused purchasers anticipating long-term capital gains.

Is 111 Serangoon North Avenue 1 suitable for first-time buyers, upgraders, or primarily investors?

The development appeals strongly to all three buyer profiles, though for different reasons. First-time buyers benefit from the established neighbourhood character, mature amenities, and competitive pricing, though they must satisfy HDB eligibility criteria and secure appropriate financing. Upgraders transitioning from older HDB stock appreciate the modern unit layouts and spacious floor plans, which often represent a meaningful step-change in living standards compared to earlier-generation housing. Investors value the established neighbourhood reputation, proven tenant demand, and infrastructure tailwinds from the new MRT station, which together support stable rental yields and long-term capital appreciation potential. The development's diverse appeal stems from its position as a mature, well-established project in a proven residential precinct, making it an excellent value proposition across purchaser demographics.

What Total Debt Service Ratio (TDSR) headroom should I model when financing a purchase at this development?

The Total Debt Service Ratio (TDSR) framework allows Singapore Citizens to borrow up to 55% of gross monthly income for all debt obligations, including mortgages, car loans, and credit commitments. On typical unit valuations at 111 Serangoon North Avenue 1 ranging from S$450,000 to S$600,000, purchasers can generally secure 80% to 90% loan-to-value financing, resulting in monthly mortgage payments of approximately S$2,500 to S$4,000 depending on loan tenure. For a purchaser with gross monthly income of S$8,000, this translates to approximately S$4,400 available for debt service, typically providing reasonable headroom for mortgage obligations at standard unit valuations in this development. You should stress-test your TDSR position by modelling various interest rate scenarios and factoring in the 20% ABSD for second-property purchases, which reduces cash available for mortgage down-payments and may necessitate higher loan-to-value ratios.

How does 111 Serangoon North Avenue 1 compare to competing HDB developments in nearby precincts?

Competing HDB developments in adjacent areas such as Serangoon, Ang Mo Kio, and Hougang offer varying propositions depending on their specific locations and amenities profiles. Developments closer to Serangoon Central may command slight premiums due to enhanced retail and dining accessibility, whilst those further from the new MRT station may offer lower entry pricing. Units at 111 Serangoon North Avenue 1 benefit from the near-certain future connectivity boost from Serangoon North MRT Station, positioning them competitively relative to comparable developments in surrounding precincts that lack equivalent infrastructure tailwinds. The development's established reputation and balanced lifestyle offering make it an attractive alternative to newer launches in more distant areas, particularly for purchasers prioritising neighbourhood maturity and proven demand dynamics over contemporary design features or novel location narratives.

Which unit stacks or floor levels represent the best value at 111 Serangoon North Avenue 1?

Mid-range floor levels, typically between the fourth and fifteenth floors, generally offer the best value proposition at HDB developments, as they command modest premiums over lower floors whilst avoiding the steepest pricing applied to top-floor units. Units positioned away from high-traffic lift lobbies typically experience quieter environments and reduced exposure to lift noise and visitor activity, making them particularly attractive to owner-occupiers prioritising comfort and tranquillity. Corner and semi-corner units naturally command premiums of 5% to 15% due to enhanced light and ventilation, but standard units positioned mid-stack often deliver comparable livability at substantially lower prices. For investor-focused purchasers, standard mid-floor units typically generate superior yields on capital deployed, as the additional rent obtainable from premium units often does not justify the percentage premium paid at acquisition, making them the more financially efficient investment choice.

What is the future supply pipeline for HDB developments in the Serangoon North district, and how might this affect long-term values?

The Housing and Development Board has indicated ongoing development activity in the broader Serangoon precinct, with several new projects at various planning stages. However, the pace of HDB new supply in mature precincts like Serangoon North is typically measured and carefully calibrated to avoid oversupply and value erosion in established areas. The imminent completion of Serangoon North MRT Station will likely attract Housing and Development Board planning attention for future housing initiatives in the broader precinct, though such developments typically emerge over five to ten-year horizons rather than near-term timeframes. The combination of infrastructure enhancement, established neighbourhood maturity, and measured new supply creates an environment supportive of stable to appreciating property values at 111 Serangoon North Avenue 1, particularly for purchasers with a medium to long-term ownership horizon who can benefit from the infrastructure transition whilst avoiding exposure to near-term oversupply disruptions.

[For Rent] Hdb Flat At 111 Serangoon North Avenue 1 — From S$1,000