Type

Units

Min Area

Price Range

1 BR

300 sqft

S$2,500/mo

Property Highlights

HDB development with 1 unit currently available.
Prices currently start from S$2,500.
For Singaporean second property buyers, ABSD applies at 20% of the purchase price, approximately S$500 on this acquisition.
Located 7 min (570 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?

Send a quick enquiry our Singapore Property team will reach out within 24 hours.

113 Simei Street: HDB Rental Units in Established Simei

113 Simei Street represents a mature residential address within Singapore's public housing landscape, situated in the well-developed Simei estate on the eastern fringe of the island. The development comprises HDB flats available for rental, catering to tenants seeking reliable, affordable accommodation in a neighbourhood with decades of stability and community infrastructure. This address has established itself as part of Singapore's residential backbone, offering straightforward housing solutions for individuals and couples prioritising accessibility and practicality over new-build prestige.

The property's proximity to Simei MRT Station on the East-West Line (EW3) is a defining locational advantage. Situated approximately seven minutes' walk away at a distance of 570 metres, the development benefits from seamless connectivity into central Singapore and towards Changi Airport via direct MRT corridors. For tenants commuting to the CBD, eastern business districts, or airport terminals, this proximity eliminates reliance on private transport and positions the location as highly convenient for working professionals and shift-based staff. The East-West Line itself remains one of Singapore's busiest and most strategically important transport arteries, ensuring regular service intervals and reliable journey times throughout the day.

Neighbourhood Character and Established Infrastructure

Simei has matured into a self-contained residential district with comprehensive neighbourhood facilities that require minimal supplementary expenditure. The estate supports primary and secondary schools, polyclinics, community centres, hawker centres, and supermarket chains within walking distance or short bus journeys. Young professionals and renters relocating to the area typically find that daily necessities, casual dining, and routine services are abundantly available without need to venture far. This established infrastructure stability appeals particularly to tenants seeking predictability in their living environment rather than experimental, gentrifying neighbourhoods that may undergo rapid change.

The district's HDB-dominant character means the social fabric remains diverse and multi-generational, with families, retirees, and younger workers coexisting in relative harmony. For rental tenants, this diversity often translates to a quieter, more community-oriented atmosphere than newer private condominiums in transition zones. Parking facilities, though typically HDB-standard, are generally adequate for the resident base, and the tree-lined streets reflect decades of municipal planning and upkeep by the Housing and Development Board.

Rental Market Positioning

HDB rental units at 113 Simei Street appeal to a specific tenant demographic: cost-conscious professionals, students, foreign workers, and couples taking their first step into independent rental housing. The compact floor plans and straightforward amenities align with rental demand patterns in mature estates, where tenants prioritise affordability and transport connectivity over luxury finishes. Rental yields on HDB properties in established locations like Simei tend to be competitive when compared to newer private developments, particularly for landlords targeting the mid-market tenant segment. The proximity to MRT and the estate's reputation as a safe, accessible neighbourhood support reliable tenant demand year-round.

Rental rates for HDB units in this district fluctuate based on floor condition, unit orientation, and proximity to transport nodes, but the neighbourhood's stability ensures that vacancy periods remain minimal during normal market cycles. Investors acquiring units here typically expect steady cash flow rather than spectacular returns, viewing HDB rental as a conservative, low-volatility income-generating asset within a diversified property portfolio.

Transport and Urban Connectivity

The seven-minute walk to Simei MRT Station positions tenants within immediate reach of multiple business and leisure destinations across Singapore. The East-West Line runs directly to Raffles Place, Marina Bay, and Bugis in the west, whilst extending eastward to Tampines, Pasir Ris, and Joo Koon, serving residential and employment nodes throughout the eastern corridor. For tenants working in Changi Airport, the line provides a direct, hassle-free alternative to taxi or private transport, eliminating traffic uncertainty and reducing commuting costs significantly. During peak hours, the line operates at high frequency, with trains arriving every three to four minutes, ensuring minimal waiting times and predictable journey schedules.

Beyond the MRT network, the estate is serviced by multiple bus routes connecting to shopping malls, hospitals, and employment hubs. Tenants with access to private vehicles benefit from proximity to the East Coast Expressway and Pan-Island Expressway networks, enabling cross-island mobility. This multi-modal connectivity foundation makes the location particularly suitable for tenants with variable work schedules or requirements to access different zones across the island.

Physical Characteristics and Unit Efficiency

HDB flats at 113 Simei Street embody the practical design philosophy that has defined public housing in Singapore. Unit sizes typically range from compact one-bedroom configurations suitable for single professionals to larger layouts for small families. The standardised construction approach ensures predictable floor plans, straightforward maintenance liabilities, and transparent condition assessments for prospective renters. Ceiling heights, ventilation, and natural light standards conform to HDB regulations, providing reliable baseline habitability across all units within the block.

The absence of concierge services, elaborate lobbies, or resort-style amenities reflects the HDB market positioning, but these cost savings translate directly into lower rental fees for tenants. Unit layouts typically incorporate efficient kitchens, functional bathrooms, and flexible living zones that work well for minimalist-minded renters and young professionals who spend limited time at home. Maintenance is predictable and transparent, with HDB collecting levies for lift and common area upkeep, eliminating surprise service charge escalations that plague some private developments.

Investment Considerations for HDB Rental Acquirers

Landlords acquiring rental units at 113 Simei Street should model returns based on prevailing rental rates in the eastern HDB market, currently competitive for established estates with MRT connectivity. The HDB lease structure—typically 99 years from date of first sale—requires careful monitoring as leases age, with resale value sensitivity increasing noticeably beyond the 80-year mark. Tax treatment of rental income and potential Additional Buyer's Stamp Duty implications for second-property acquisitions warrant professional consultation with accountants and conveyancers prior to purchase. Capital appreciation in mature HDB estates typically lags new launch developments and private properties, positioning HDB primarily as an income-yielding, capital-preservation asset rather than a speculative growth play.

The neighbourhood's demographic stability and established MRT connectivity provide confidence in long-term tenant demand, supporting the case for HDB rental as a conservative diversification strategy. Returns tend to be modest but reliable, attractive to landlords seeking predictability over volatility and viewing property investment as a long-term, relatively passive income stream rather than an active trading vehicle.

Frequently Asked Questions

What rental yield can an investor typically expect from an HDB unit at 113 Simei Street?

HDB rental yields in established estates like Simei, particularly those with MRT connectivity, typically range between 2% and 3% gross annual return on purchase price. For a unit purchased at market rates reflective of current HDB secondary market pricing, this translates to steady but modest cash flow, positioning the investment as a capital-preservation and income-generating asset rather than a high-growth vehicle. Investors should model yields conservatively and account for HDB maintenance levies, property taxes, and potential maintenance costs, which collectively reduce net returns. The strength of Simei's tenant demand—driven by proximity to Simei MRT and the eastern employment corridor—provides confidence in consistent tenant acquisition and low vacancy periods, supporting reliable yield realisation.

How does the price per square foot at 113 Simei Street compare to recent HDB transactions in the eastern zone?

HDB pricing in established eastern estates has stabilised at levels significantly lower than new launch private developments, reflecting the nature of the public housing market. Recent transactions in comparable Simei and neighbouring estates suggest per-square-foot pricing in the range of S$800 to S$1,000 depending on unit size, age, condition, and exact MRT proximity. 113 Simei Street, as an established address in a mature block, typically trades at the mid-to-lower end of this range given its HDB classification and stable rather than premium positioning. Comparison to nearby private condominiums in the area reveals HDB units command 40–50% lower per-square-foot costs, reflecting the different market segment, amenities profile, and leasehold tenure. For cost-conscious renters and value-focused landlords, this price discount relative to private stock represents the core appeal of the HDB market.

What Additional Buyer's Stamp Duty (ABSD) applies if a Singapore Citizen buys an HDB unit at 113 Simei Street as a second property?

Additional Buyer's Stamp Duty for a Singapore Citizen purchasing a second residential property currently stands at 20% of the purchase price, applied on top of standard Buyer's Stamp Duty. This 20% ABSD rate represents a significant cost implication that prospective investors must factor into acquisition budgets and return modelling. For a property purchased at S$500,000, the 20% ABSD alone amounts to S$100,000 in upfront tax liability, materially affecting capital requirements and payback timelines. Conveyancers and tax advisers should be consulted to confirm eligibility for any ABSD exemptions or relief schemes, though such relief is typically limited to specific categories. For second-property investors, the ABSD cost effectively increases the entry price by one-fifth, compressing net rental yields and extending payback periods compared to first-property acquisitions.

What is the lease decay risk, and how does it affect resale value for HDB units at 113 Simei Street?

Most HDB units sold in the secondary market carry 99-year leases from their original completion date, meaning units at 113 Simei Street are likely decades into their lease tenure already. As leases age past 80 years, resale demand typically weakens and valuations decline more sharply with each additional year, as financing becomes restrictive and buyer pools narrow to cash purchasers and upgraders. Financial institutions impose strict loan eligibility criteria for units with shorter leases, refusing mortgages entirely on leases below certain thresholds, which eliminates the bulk of potential buyers. Current investors should be aware that lease decay represents a silent, structural headwind to long-term capital preservation, with leases approaching 60–70 years becoming difficult to sell at profitable prices. For rental investors with medium-term horizons (5–15 years), lease decay is less immediately painful, but exit strategies must account for this eventual friction, and internal rate-of-return models should assume modest capital recovery rather than appreciation.

How does proximity to Simei MRT Station (EW3) affect demand and capital appreciation at 113 Simei Street?

Proximity to an MRT station is consistently the single strongest driver of HDB demand and capital appreciation in Singapore, as it eliminates commuting uncertainty and reduces transport costs substantially. Units within a 10-minute walk of Simei MRT enjoy higher tenant demand and faster unit turnover compared to more distant HDB blocks, supporting both rental market liquidity and resale velocity. The East-West Line's strategic importance—spanning from Changi in the east to Joo Koon in the west—further amplifies the station's appeal, as it connects directly to major employment nodes (CBD, Changi Airport, eastern business parks) and leisure destinations. For prospective tenants, the seven-minute walk to the station is short enough to be genuinely convenient, driving consistent demand across economic cycles. Capital appreciation in MRT-proximate HDB units typically outpaces non-connected estates by 0.5–1% annually, though this advantage erodes as leases age and base prices rise, creating a virtuous cycle for early investors but a limiting factor as estates mature.

Who is the ideal buyer or tenant profile for units at 113 Simei Street?

The ideal tenant profile comprises young professionals, expatriate workers, and couples in their first independent housing, seeking affordable accommodation with reliable transport links and low living costs. These tenants typically spend limited time at home, value MRT connectivity over luxury amenities, and prioritise proximity to employment over prestige or social signalling. Foreign workers on assignment in Singapore find HDB rentals at Simei particularly attractive due to the affordability, straightforward lease terms, and proximity to Changi Airport. Conversely, the ideal buyer is typically a landlord or investor seeking diversification into HDB rental as a conservative, income-yielding component of a broader property portfolio, rather than a first-time residential owner. Owner-occupier demand for HDB at this location is modest, as many upgraders prefer the convenience and amenity packages of newer private condominiums. Institutional and high-net-worth investors occasionally acquire HDB portfolios for rental scale, but retail investors focused on single or dual units remain the primary buyer demographic.

What TDSR and financing headroom should a buyer expect at typical HDB price points for 113 Simei Street?

The Total Debt Service Ratio (TDSR) framework limits monthly loan repayments to 60% of monthly income, meaning a buyer earning S$5,000 monthly can commit a maximum of S$3,000 to all debt obligations (mortgage, car loan, credit cards, etc.). For HDB units at 113 Simei Street trading in the S$450,000–S$550,000 range, typical mortgage financing at 3.5–4% interest rates yields monthly repayments of approximately S$2,200–S$2,700 over a 25-year term. This repayment burden consumes 44–54% of a mid-tier tenant's income in isolation, leaving minimal headroom for other debt obligations, utilities, and living costs. Prospective buyers should model TDSR constraints carefully and confirm financing capacity with mortgage brokers, as rejection rates for marginal applications have increased. Cash purchasers and investors with lower leverage requirements face no TDSR friction, but leveraged first-time buyers at this price point often face financing pressure and benefit from larger down payments or co-borrower income.

How does 113 Simei Street compare to competing HDB developments in nearby estates like Tampines and Pasir Ris?

Tampines and Pasir Ris represent newer, larger HDB new towns with more extensive amenity ecosystems, additional MRT stations, and younger housing stock, which typically command 5–10% higher per-square-foot pricing than Simei. However, Simei maintains a cost advantage as an earlier-developed, more compact estate with equally reliable transport and established community infrastructure, making it attractive to budget-conscious tenants and landlords. Pasir Ris is further from the CBD and Changi Airport than Simei, slightly reducing its appeal for tenants with central commutes, whilst Tampines offers greater shopping and entertainment amenity concentration, justifying its price premium. For investors prioritising rental yield and tenant demand stability over capital appreciation potential, Simei's pricing discount relative to Tampines and Pasir Ris provides better entry economics. The choice between these estates depends on buyer priorities: Simei for affordability and central accessibility, Tampines for amenity abundance and newer stock, and Pasir Ris for suburban quietness and space.

Which floor levels or unit stacks within 113 Simei Street offer the best value for renters and landlords?

HDB block orientation, stack position, and floor level significantly influence rental appeal and tenant satisfaction. Mid-level floors (5–20 floors, depending on block height) typically offer the optimal balance of natural light, security, and freedom from traffic noise, whilst remaining within elevator reach for daily convenience—a premium that justifies slightly higher rental rates. Lower floors (2–4) suffer from reduced natural light, street-level noise, and perceptions of security compromise, pushing rental rates down by 5–10% compared to mid-level equivalents. Higher floors (21+) attract tenants seeking views and natural air circulation, but they incur longer elevator waits during peak hours and carry marginally higher utility costs due to exposure; rental premiums are modest and often offset by longer vacancy periods if units become vacated. For landlords, mid-to-upper-mid stacks offer the sweetest risk-reward balance: reasonable rental rates, strong tenant demand, and minimal vacancy friction. Units directly above retail, hawker centres, or void decks may experience ambient noise, reducing appeal. East or north-facing units typically command small rental premiums due to morning light and better cross-ventilation.

What is the future supply pipeline for HDB and residential property in the eastern district near 113 Simei Street?

The Housing and Development Board continues to develop new HDB precincts across Singapore, including in eastern zones, though new estates are increasingly concentrated in the north-eastern and eastern fringe areas (Punggol, Sengkang, Hougang) rather than the inner-east where Simei is located. The Simei estate itself is mature and largely built-out, meaning no substantial new HDB supply is expected at this specific location, supporting stability in existing unit valuations and reducing fear of oversupply. However, nearby private developments and mixed-use projects in the wider eastern zone may indirectly affect tenant demand by offering alternative accommodation options at varying price points. HDB's broader Build-To-Order (BTO) programme continues releasing new 99-year lease units at subsidised prices in growth areas, which can suppress secondary-market pricing for older estates if BTO prices fall materially. For investors at 113 Simei Street, the lack of new HDB supply in the immediate vicinity is positive for long-term tenant availability and relative valuation stability, though lease decay and sector-wide HDB depreciation remain structural headwinds beyond the control of individual properties.

Hdb Flat At 113 Simei Street 1 — From S$2,500