Type

Units

Min Area

Price Range

3 BR

99 sqft

S$4,000/mo

Property Highlights

HDB development with 1 unit currently available.
Prices currently start from S$4,000.
For Singaporean second property buyers, ABSD applies at 20% of the purchase price, approximately S$800 on this acquisition.

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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111A Depot Road: An Established HDB Community

111A Depot Road represents a solid residential offering within Singapore's established HDB landscape. This development exemplifies the practical, efficient housing solutions that have defined HDB estates for decades, catering to families, professionals, and investors seeking dependable accommodation at accessible price points. The project draws its appeal from a combination of location stability, unit diversity, and proven neighbourhood demand.

The address sits within a mature residential precinct characterised by well-established amenities and community infrastructure. Residents benefit from proximity to shopping centres, hawker complexes, educational institutions, and healthcare facilities that have grown organically around the estate over time. This established ecosystem means that essential services—groceries, dining, childcare, and medical care—are readily accessible without lengthy commutes, a significant convenience factor for working households and families with children.

Layout and Accommodation Options

Units across the development span multiple bedroom configurations, allowing prospective buyers to select accommodation that suits their household structure. Whether upgrading from a smaller unit, accommodating a growing family, or seeking rental investment potential, the mixed unit stack provides flexibility. Room dimensions and internal finishes reflect contemporary HDB standards, with layouts designed to maximise usable living space and natural light throughout the property.

The development encompasses multiple unit types with varying floor areas and bedroom arrangements. This diversity ensures that both first-time upgraders and experienced investors can find a configuration aligned with their financial parameters and lifestyle requirements. The range of options also supports rental viability, as different unit sizes appeal to distinct tenant profiles—from young professionals to multi-generational families.

Pricing and Market Context

Current market pricing for units across the development reflects competitive HDB resale dynamics within the district. Prices vary based on unit configuration, floor level, and remaining lease tenure, with offerings positioned to compete effectively against comparable nearby developments. Prospective buyers should note that HDB pricing remains subject to broader market sentiment, interest rate movements, and supply-demand dynamics within the estate and wider constituency.

For investors evaluating rental potential, understanding the unit-specific cash flow and net yield is essential. Rental demand in established HDB estates tends to remain stable, supported by the consistent flow of expatriates, young professionals, and families seeking mid-range accommodation. However, yield calculations must account for the property's lease remaining, monthly mortgage servicing costs, property taxes, and management fees to establish true net investment returns.

Transport and Connectivity

The development's accessibility via existing transport networks forms a cornerstone of its appeal. Proximity to public transport, whether MRT stations or bus interchanges, significantly influences both daily commute times and long-term capital appreciation. For households where multiple members commute to employment hubs across the island, proximity to rapid transit can represent substantial monthly savings in transport costs and time expenditure.

Local transport infrastructure supports the estate's desirability for working professionals, particularly those employed in business districts, technology hubs, or government offices. The availability of direct or single-change bus routes to major employment centres enhances the development's appeal to a broad demographic. This connectivity factor has historically supported steady rental demand and gradual capital appreciation in comparable HDB estates.

Community Amenities and Lifestyle

The surrounding estate provides comprehensive recreational, commercial, and social facilities typical of mature HDB precincts. Community centres, sports complexes, and manicured green spaces contribute to neighbourhood quality and resident wellbeing. These shared facilities enhance the living experience beyond the individual unit, fostering community engagement and recreational opportunities for all age groups.

Dining options range from traditional hawker fare to modern food courts, while shopping amenities encompass both utilitarian neighbourhood shops and larger retail nodes. Families appreciate the presence of schools, childcare centres, and medical clinics within walking or short-bus distance. These integrated community features represent genuine lifestyle advantages that translate into sustained resident satisfaction and neighbourhood stability.

Investment and Resale Considerations

HDB properties remain a cornerstone of Singapore's housing market, supported by strong owner-occupancy demand and consistent rental interest. The resale market for HDB units demonstrates relative stability compared to private properties, though appreciation rates vary significantly based on lease remaining, location desirability, and broader economic cycles. Buyers intending to hold for the medium to long term benefit from this stability, while those seeking rapid capital gain should carefully evaluate market timing and district-level growth trajectories.

Lease remaining is a critical factor in HDB valuation and financing. Properties approaching the 60-year mark in lease tenure may face financing restrictions and slower capital appreciation. Purchasers should always verify exact lease tenure remaining and factor in the potential impact on future resale values as the property ages. HDB pricing inherently reflects lease decay, with units at the same price point but differing lease lengths commanding materially different capital gains profiles over identical holding periods.

Financing and Buyer Eligibility

HDB purchase financing is governed by defined regulations regarding eligibility, loan quantum, and servicing capacity. First-time HDB buyers benefit from supportive grant schemes and policy frameworks designed to facilitate homeownership. Repeat buyers must navigate Additional Buyer's Stamp Duty obligations; a second residential property purchase by a Singapore Citizen incurs 20% ABSD on the purchase price, materially affecting total acquisition costs. This levy significantly impacts investment return calculations and buyer capacity, requiring careful financial structuring.

Debt servicing capacity limits typically restrict HDB mortgage size to a percentage of household monthly income, with additional constraints based on property valuation. Prospective buyers should engage financial advisors to model mortgage servicing across interest rate scenarios and verify compliance with Total Debt Servicing Ratio limits before committing to purchase. Government grants and subsidies, where applicable, can substantially improve affordability for eligible households, though these remain subject to income ceiling and citizenship requirements.

Who Should Consider This Development

First-time HDB upgraders benefit from the established amenity base and proven neighbourhood demand. Families with school-age children appreciate proximity to educational institutions and community facilities. Young professionals commuting to central business districts find the transport accessibility and mid-range pricing attractive. Investors pursuing stable rental yields within the HDB market recognise the consistent tenant demand in mature estates.

Downsizers transitioning from larger private properties may appreciate the lower maintenance burden and smaller unit footprint whilst retaining robust amenities. Multi-generational households benefit from larger unit configurations accommodating extended family members. Expatriate households, though not eligible for HDB ownership, represent significant rental demand, supporting investment viability for citizen and PR purchasers.

District Dynamics and Future Growth

The constituency hosting 111A Depot Road has matured over decades, establishing deep community roots and stable infrastructure. Future district development is constrained by the established residential fabric, meaning speculative capital appreciation from large-scale transit-oriented projects is unlikely. Conversely, this stability insulates values from major disruption, supporting long-term holding strategies. Buyers should evaluate the district on its current merits rather than anticipated transformation.

Long-term HDB supply planning indicates continued new launches in peripheral growth areas, potentially moderating appreciation in mature estates. However, strong underlying demand from upgraders, investors, and tenants ensures sustained relevance. The estate's position within the broader housing ecosystem—neither peripheral nor ultra-prime—positions it for steady, modest capital growth aligned with inflation and economic expansion rather than exceptional outperformance.

Frequently Asked Questions

What rental yield can investors realistically expect from units at 111A Depot Road?

Rental yields for HDB properties at this location typically range between 3% and 4.5% gross annual return, depending on unit configuration and lease remaining. Net yield—after accounting for mortgage interest, property taxes, maintenance, and management—usually settles between 1.5% and 2.5% for investor-owners financing their purchase via HDB mortgage. The stability of tenant demand in established estates supports consistent occupancy rates, though premium yields require careful unit selection and strong lease tenure remaining. Investors must model yields across differing interest rate scenarios and verify mortgage servicing capacity, as ABSD liability for second-property buyers materially impacts net returns.

How does per-square-foot pricing at 111A Depot Road compare to recent HDB transactions in the surrounding area?

Per-square-foot pricing across the development aligns competitively with recent resale transactions in the same district, reflecting fair market valuation relative to comparable HDB estates. Pricing varies materially based on remaining lease tenure, floor level, and exact unit configuration; units with 70+ years lease remaining command notably higher per-sqft valuations than those below the 60-year threshold. Prospective buyers should cross-reference current asking prices against recent Board Bapak Rumah data for equivalent units in the immediate vicinity to benchmark value. Properties with excellent lease tenure and high-floor positions typically justify price premiums, whilst lower floors and shorter lease terms attract more competitive pricing.

What is the ABSD impact for a second property buyer purchasing at this development?

Singapore Citizens purchasing a second residential property incur 20% Additional Buyer's Stamp Duty on the purchase price, significantly raising total acquisition costs. A second property buyer purchasing a unit at this development must budget for ABSD liability equivalent to one-fifth of the purchase price, payable upon completion alongside standard conveyancing fees and legal costs. This 20% duty materially affects financing capacity and net investment return calculations, particularly for investors modelling cash flow scenarios. First-time HDB buyers remain exempt from ABSD, making this development relatively more attractive for upgraders transitioning from their first property compared to investors acquiring rental holdings.

How does remaining lease tenure affect future resale value and financing at 111A Depot Road?

Remaining lease tenure is the single most critical determinant of HDB value and financing eligibility; properties with 70+ years remaining command robust valuations, whilst those below 60 years face financing restrictions, slower appreciation, and compressed resale timeframes. Banks typically cap mortgage tenure to 35 years or until property lease maturity (whichever is earlier), effectively limiting purchase capacity for shorter-lease properties. Properties with lease falling below 50 years experience accelerated value decay relative to identical units with longer tenure, a dynamic that compounds over time. Buyers should systematically factor lease decay into capital gain projections and verify exact tenure remaining before purchasing, as this metric fundamentally shapes long-term holding feasibility and exit optionality.

How does proximity to the nearest MRT station influence demand and capital appreciation at this development?

Accessibility to rapid transit serves as a primary demand driver for HDB properties, directly supporting capital appreciation and rental desirability across the development. Properties within walking distance (under 500 metres) or a single short bus ride to MRT stations command premium pricing and attract broader buyer demographics, particularly working professionals and families without private vehicles. The absence of immediate MRT proximity moderately constrains capital upside relative to transit-adjacent developments, though mature estate HDB properties typically remain resilient due to underlying owner-occupancy demand. Long-term appreciation in this development is likely to track broader HDB market movements rather than benefiting from transit-oriented premium, making it suitable for buy-and-hold investor profiles prioritising stable yields over exceptional capital growth.

Which buyer profiles is 111A Depot Road best suited for?

First-time HDB upgraders represent the primary target market, particularly families seeking spacious accommodation with established community infrastructure at accessible entry prices. Young working professionals commuting to central employment hubs benefit from reasonable transport connectivity and mid-market pricing, though those prioritising rapid transit access may favour locations with direct MRT stations. Downsizers transitioning from private properties appreciate the mature amenity base and lower maintenance burden, whilst investors pursuing stable 2-3% net yields recognise the consistent rental demand in established estates. Multi-generational households benefit from larger unit configurations, though high-net-worth buyers seeking premium locations typically prefer private residential developments or HDB properties in ultra-central zones.

What are the TDSR implications and financing headroom for typical purchasers at this development?

Total Debt Servicing Ratio limits typically restrict HDB mortgage quantum to 60% of household monthly gross income, with many banks applying more conservative 55% thresholds. Purchasers must model total debt servicing (including existing liabilities like car loans and credit cards) against gross household income to verify compliance before committing to purchase; exceeding TDSR limits results in loan rejection regardless of property value or down-payment quantum. First-time buyers financing purchase prices in the S$300,000–S$400,000 range generally require household gross incomes exceeding S$6,000–S$7,000 monthly to safely service 25-year mortgages at prevailing rates. Buyers should engage banks early in the acquisition process to obtain in-principle approval letters confirming financing feasibility, as this step prevents costly delays and disappointment post-offer.

How does 111A Depot Road compare to competing HDB developments in the immediate vicinity?

The development competes directly against comparable HDB estates in the same district, with competitive positioning determined by lease remaining, floor height, exact unit size, and neighbourhood-specific amenity density. Nearby estates with superior MRT proximity or newer estate planning may command modest pricing premiums, whilst comparable-age properties with identical transport connectivity typically trade within 3-5% price variance depending on micro-location factors. Prospective buyers should physically inspect multiple nearby developments and cross-reference recent transaction data to contextualise pricing and verify value adequacy. Established HDB estates in the same constituency tend to move in tandem during market cycles, making district-level demand analysis a more reliable indicator of future appreciation than individual development comparison.

Which unit stacks or floor levels offer optimal value at this development?

Mid-level units (floors 10-20) typically represent optimal value, balancing the pricing premium of high-floor positions against the functional and lifestyle advantages of units above ground-level and away from street noise. Lower-floor units (levels 1-5) face modest pricing discounts justified by reduced views and potential noise exposure, though they appeal to elderly residents and mobility-impaired buyers prioritising accessibility over vista. Higher floors (21+) command significant pricing premiums—typically 8-15% above comparable mid-level units—reflecting superior views and prestige, though quantum uplift rarely justifies premium for purely investment-oriented buyers prioritising yield. Unit orientation (north/south/east/west) materially affects natural lighting and cooling costs; east and west-facing units experience greater afternoon heat gain, whilst north-south orientation typically optimises natural ventilation and daylighting year-round.

What is the future HDB supply pipeline in this district, and how might new launches impact resale values?

HDB's long-term planning indicates continued new launches in peripheral growth zones rather than mature estates, meaning 111A Depot Road faces limited cannibalistic pressure from new supply. The established residential fabric of mature estates constrains greenfield HDB development, supporting stable demand-supply dynamics and modest, predictable appreciation aligned with inflation. District-wide demographic maturity—with aging resident profiles and fewer young families—may moderate long-term appreciation relative to growth precincts, though strong owner-occupancy demand from upgraders continues supporting underlying valuations. Prospective buyers should evaluate this development as a long-term wealth-preservation vehicle aligned with inflation rather than a speculative property benefiting from major district transformation.

[For Rent] Hdb Flat At Depot Road — From S$4,000