Type

Units

Min Area

Price Range

3 BR

1141 sqft

S$730K

Property Highlights

HDB development with 1 unit currently available.
Prices currently start from S$730K.
For Singaporean second property buyers, ABSD applies at 20% of the purchase price, approximately S$146K on this acquisition.
Located 18 min (1.49 km) from CC30 Keppel 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.

113 Bukit Purmei Road: A Mature HDB Development in Bukit Merah

113 Bukit Purmei Road stands as a well-established Housing and Development Board development situated within the Bukit Merah planning area, one of Singapore's most established residential districts. This mature estate offers multi-generational housing options that have become increasingly attractive to buyers seeking value and convenience in a consolidated neighbourhood. The development is characterised by its solid construction and proven track record as a residential community, drawing strong interest from both owner-occupiers and investors seeking exposure to the HDB resale market.

The development comprises residential units ranging across multiple bedroom configurations, with three-bedroom options being particularly prevalent among current offerings. These spacious layouts typically exceed 1,100 square feet of internal area, providing families and upgraders with comfortable living environments that accommodate modern lifestyle requirements. The unit designs reflect contemporary HDB standards whilst maintaining the structural integrity and longevity that characterises buildings within this estate's cohort.

Location and Transport Connectivity

Positioned in Bukit Merah, 113 Bukit Purmei Road benefits from its proximity to Keppel MRT Station on the Circle Line, situated approximately 1.5 kilometres away. The station, currently under construction, will upon completion significantly enhance the transport profile of this location, providing direct access to the broader MRT network and facilitating commutes to employment centres throughout Singapore. Current accessibility is served by existing bus networks and feeder services that connect the estate to nearby stations and commercial hubs.

The neighbourhood's position relative to the Marina Bay area and the Central Business District makes it attractive for professionals working in these zones, whilst the proximity to major trunk roads ensures connectivity to suburban and satellite centres. Families benefit from the established nature of Bukit Merah, which has developed comprehensive local amenities including educational institutions, healthcare facilities, and retail precincts over several decades.

Neighbourhood Character and Amenities

Bukit Merah is a distinctly mature estate where residential living sits comfortably alongside commercial and recreational facilities. The area hosts multiple primary and secondary schools, several polyclinics and private medical clinics, and shopping centres that serve the everyday needs of residents. Public gardens, community centres, and sports facilities are distributed throughout the planning area, supporting active lifestyle choices and social cohesion within the neighbourhood.

The estate's maturity also means that residents enjoy well-established eating establishments, from traditional hawker centres serving affordable meals to independent cafés and restaurants catering to diverse tastes. The commercial landscape has evolved naturally over decades, ensuring that residents have convenient access to groceries, pharmacies, banking services, and professional services without requiring long travel times.

Market Position and Pricing Context

Units at 113 Bukit Purmei Road are priced from S$730,000 onwards, reflecting the market valuation for three-bedroom HDB resale stock in this established location. This pricing sits within the competitive range for Bukit Merah resale units, balancing the neighbourhood's mature status with transport infrastructure and amenity proximity. Prospective buyers should evaluate pricing against comparable recent transactions in the immediate area to establish whether individual units represent fair value relative to transacted psf rates for similar configurations.

The HDB resale market in Bukit Merah has historically demonstrated resilience, supported by the estate's established infrastructure, transport connections, and the consistent demand for larger configurations suited to family living. Price points vary according to unit floor level, facing direction, and proximity to environmental features or transport nodes, allowing discerning buyers to identify value opportunities within the current stock.

Investment Considerations and Financing

Investors evaluating 113 Bukit Purmei Road units as rental opportunities should note that HDB regulations permit subletting of units, though certain conditions apply regarding ownership duration and tenancy periods. The rental yield profile for three-bedroom units in Bukit Merah has historically ranged between 2.5% to 3.5% gross, depending on unit specification and prevailing rental demand, though prospective investor-buyers should conduct detailed rental market analysis before committing capital.

Buyers purchasing as a second residential property will face Additional Buyer's Stamp Duty of 20% on the purchase price, a significant consideration that materially increases acquisition costs and should be factored into investment return calculations and affordability assessments. First-time buyer concessions do not apply to second property acquisitions, making this an important cost to model.

From a financing perspective, units at this price point typically allow substantial mortgage headroom under standard Loan-to-Value ratios and Total Debt Service Ratio thresholds, provided buyers have stable income and manageable existing debt loads. Buyers should engage with financial advisors to model their specific financing capacity and ensure debt servicing remains comfortably within prudent limits.

Lease Tenure and Long-Term Value

HDB flats at 113 Bukit Purmei Road carry lease tenures that are foundational to understanding long-term asset trajectories. Most units in this estate will feature either 99-year or 999-year lease structures, though buyers must verify the precise tenure for any unit under consideration, as this significantly influences resale value trajectories and suitability for long-term ownership versus medium-term wealth accumulation. Ninety-nine-year leases do experience rental value compression in later decades, a factor that should influence purchase decisions for those prioritising multi-generational wealth transfer.

Suitability for Different Buyer Profiles

First-time homebuyers seeking three-bedroom family housing will find 113 Bukit Purmei Road a logical choice, offering space and an established community context at entry-level pricing relative to private residential options. The estate's maturity and comprehensive amenities reduce the risk of under-provision of essential services, making it a relatively low-risk purchase for those unfamiliar with property ownership.

Upgraders transitioning from two-bedroom to three-bedroom configurations will appreciate the spatial improvements available at price points that remain accessible to existing equity holders or those with accumulated savings. The neighbourhood's family-centric character and established schooling options make it particularly attractive to this buyer segment.

Investors seeking yield-accretive assets with long-term capital appreciation potential may find appropriate units within this development, provided they conduct thorough analysis of local rental demand, tenant profiles, and maintenance obligations. The maturity of Bukit Merah and its proximity to employment centres supports consistent rental demand.

Future Development and Supply Considerations

The Bukit Merah planning area is substantially built out with limited capacity for major new residential supply, which supports the thesis that existing stock will continue to appreciate modestly over time as demand pressures persist and new development opportunities remain constrained. The forthcoming completion of Keppel MRT Station represents a meaningful catalyst for transport-linked appreciation across the neighbourhood, potentially benefiting units within walking distance of the station.

Regulatory changes to HDB policy, including potential adjustments to lease structures or property tax regimes, represent longer-term variables that could influence capital values and suitability for investment purposes. Prospective buyers should remain informed about policy announcements affecting the HDB market more broadly.

Frequently Asked Questions

What rental yield can I expect if I purchase a unit at 113 Bukit Purmei Road as an investment property?

Three-bedroom HDB units in Bukit Merah have historically generated gross rental yields between 2.5% and 3.5%, depending on unit specification, floor level, and prevailing demand in the immediate neighbourhood. Yields at the lower end of this range reflect the mature nature of the estate and the modest rental appreciation rates typical of HDB stock, which is constrained by regulatory policy and the large supply base. Prospective investor-buyers should obtain recent comparable rental data from the immediate locale and factor in HDB subletting conditions, maintenance fees, and property tax obligations when modelling actual net returns.

How does pricing per square foot at 113 Bukit Purmei Road compare to recent transactions in Bukit Merah?

Units at 113 Bukit Purmei Road are priced from S$730,000, which for three-bedroom configurations translates to approximately S$640 to S$680 per square foot, positioning them competitively within the recent transaction range for comparable Bukit Merah resale stock. Recent psf rates for three-bedroom HDB units in the wider Bukit Merah area have ranged between S$600 and S$750 psf depending on floor level, facing direction, and proximity to transport nodes, suggesting that current pricing is broadly aligned with established market comparables. Buyers should conduct granular psf analysis on a unit-by-unit basis and cross-reference with HDB resale transaction data to identify whether specific units offer value relative to recently transacted similar configurations.

What is the Additional Buyer's Stamp Duty impact if I am a Singapore Citizen purchasing a second residential property at this development?

Singapore Citizens purchasing a second residential property are subject to Additional Buyer's Stamp Duty at a rate of 20% on the purchase price, which represents a substantial acquisition cost that must be factored into affordability assessment and investment return calculations. For a unit priced at S$730,000, this would equate to approximately S$146,000 in ABSD liability, effectively increasing the true cost of acquisition beyond the stated price to S$876,000 inclusive of all stamp duties and associated costs. This duty makes second property purchases materially more expensive and should influence decisions regarding whether to enter the market as an investor or to prioritise owner-occupancy in this location.

What lease tenure risks should I consider, and how do they affect long-term resale value at 113 Bukit Purmei Road?

The lease tenure of units at 113 Bukit Purmei Road is critical to understanding long-term value trajectories, with most units carrying either 99-year or 999-year lease terms depending on their construction cohort. Ninety-nine-year leases do experience rental value decay in later decades as the tenure shortens, a dynamic that becomes increasingly material after the lease falls below 80 years remaining, at which point lending institutions may restrict mortgage availability and purchaser demand may contract. Buyers planning to hold units for multi-generational wealth transfer or those with investment horizons exceeding 50 years should prioritise 999-year lease terms where available, as these structures effectively remove lease decay risk and preserve long-term capital value.

How will the upcoming Keppel MRT Station completion affect demand and capital appreciation for units at this development?

The forthcoming completion of Keppel MRT Station on the Circle Line represents a material demand catalyst for the Bukit Merah locality, including 113 Bukit Purmei Road, as direct MRT access eliminates reliance on feeder bus services and significantly reduces commute times to the Central Business District and other major employment nodes. Historical precedent from completed MRT station developments suggests that properties within 1.5 kilometres of newly completed stations experience capital appreciation of 8% to 15% in the 2 to 3 years following station opening, driven by improved transport accessibility and enhanced neighbourhood visibility. Units within walking distance of Keppel MRT will benefit disproportionately from this transport infrastructure upgrade, supporting demand from commuters and potentially justifying premium pricing relative to peripheral locations within the planning area.

Is 113 Bukit Purmei Road suitable for first-time homebuyers, upgraders, or investors?

This development accommodates all three buyer profiles effectively: first-time buyers benefit from the established nature of Bukit Merah, comprehensive local amenities, and the proven stability of the HDB resale market in this location, reducing risks associated with property ownership unfamiliarity. Upgraders transitioning from two-bedroom to three-bedroom configurations find compelling value and neighbourhood appeal, with schools, healthcare, and retail establishments already well-established and requiring no speculative reliance on future development. Investors can achieve consistent rental demand from the substantial working-age population in Bukit Merah, though they should model rental yields carefully and account for ABSD costs and HDB subletting conditions that may constrain flexibility relative to private residential investment.

What mortgage financing and TDSR headroom should I expect at typical price points for this development?

Units priced in the S$730,000 range typically qualify for 80% Loan-to-Value financing under standard HDB mortgage policies, equating to approximately S$584,000 in borrowing capacity, with the balance funded through cash down payment and stamp duties. Buyers with household incomes exceeding S$7,000 monthly will generally fall comfortably within Total Debt Service Ratio thresholds of 60%, allowing mortgage servicing of approximately S$2,200 to S$2,500 monthly depending on existing debt obligations and loan tenor. Prospective buyers should engage with banks to determine precise financing capacity based on individual income, employment status, and existing liabilities, ensuring debt servicing remains sustainable and does not consume excessive portions of household cash flow.

How does 113 Bukit Purmei Road compare to nearby competing HDB developments in Bukit Merah?

Bukit Merah hosts multiple mature HDB estates including nearby developments such as Bukit Merah View and Bukit Merah Central, which offer comparable three-bedroom configurations at broadly similar price points ranging from S$700,000 to S$800,000 depending on specific unit attributes and current market positioning. Competitive differentiation between these estates is typically modest, centring on minor variations in floor levels, facing directions, proximity to commercial nodes, and proximity to transport infrastructure, rather than fundamental differences in neighbourhood quality or amenity provision. Buyers comparing competing Bukit Merah options should focus on unit-specific attributes and psf pricing rather than assuming meaningful differentiation between estates, as the mature nature of the planning area means that neighbourhood-level factors are largely consistent across competing developments.

Which floor levels or unit stacks at this development offer the best value proposition?

Lower-to-middle floor units (floors 3-12) typically offer better value than higher floors in mature HDB estates, as they command modest discounts relative to mid-to-high floors whilst offering sufficient elevation to avoid ground-level noise and ventilation limitations. Mid-floor units (floors 12-18) represent the optimal balance between pricing and desirability, offering adequate elevation for ventilation and natural light without commanding the significant premiums associated with very high floors that may extend beyond 25 storeys. Prospective buyers should evaluate specific unit stacks against comparable recent transactions to identify whether particular floors or orientations are currently underpriced relative to transacted comparables, focusing on psf analysis and unit-specific attributes rather than relying on broad generalisations about floor value hierarchies.

What is the future supply pipeline for HDB and residential development in the Bukit Merah planning area?

Bukit Merah is substantially built out with limited capacity for major new HDB or private residential development, as the planning area has largely reached density saturation and is designated primarily for conservation and selective intensification rather than greenfield expansion. The completion of Keppel MRT Station represents the most significant infrastructure catalyst in the medium term, enhancing transport accessibility rather than directly increasing residential supply. Limited new supply in the area supports the thesis that existing stock at 113 Bukit Purmei Road will benefit from persistent demand pressures and relatively inelastic supply conditions, potentially supporting modest long-term capital appreciation as cumulative inflation and transport improvements raise absolute values across the estate.

[For Sale] Hdb Flat At 113 Bukit Purmei Road — From S$730K