Type

Units

Min Area

Price Range

Other

11 sqft

S$1,200/mo

Property Highlights

HDB development with 1 unit currently available.
Prices currently start from S$1,200.
For Singaporean second property buyers, ABSD applies at 20% of the purchase price, approximately S$240 on this acquisition.
Located 17 min (1.45 km) from CC30 Keppel 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.

114 Bukit Purnei Road: A Mature HDB Development Near Keppel MRT

114 Bukit Purnei Road stands as an established Housing and Development Board development within a well-established residential precinct. Situated approximately 1.45 kilometres from Keppel MRT Station on the Circle Line (CC30), this HDB location offers residents convenient public transport connectivity to Singapore's key business and commercial hubs. The development's proximity to the MRT station positions it as an attractive option for professionals, upgraders, and property investors seeking accessibility without compromising on neighbourhood character.

The address itself carries significant logistical advantages. Keppel MRT Station serves as a critical interchange point on the Circle Line, linking residents directly to the Central Business District, educational institutions, and major employment centres across Singapore. For commuters relying on public transport, the 17-minute walk to the station is reasonable and falls within acceptable accessibility thresholds for urban dwellers. This moderate distance, combined with the station's integration into Singapore's broader transport network, makes 114 Bukit Purnei Road particularly suited to first-time buyers, upgraders, and investors who prioritise convenience and connectivity.

Neighbourhood Character and Amenities

The Bukit Purnei area is recognised as a mature, well-serviced residential neighbourhood. Residents benefit from proximity to local shopping facilities, schools, healthcare services, and recreational spaces that characterise established HDB communities. The neighbourhood's maturity means that essential amenities and infrastructure are already in place, reducing the uncertainty sometimes associated with emerging developments. For families and long-term residents, this stability is often a key consideration when evaluating property in this segment.

Accessibility extends beyond the MRT. The area benefits from good bus connectivity, internal HDB road networks, and pedestrian pathways that link residents to surrounding amenities. For those without private vehicles, or those seeking to reduce car dependency, 114 Bukit Purnei Road's location facilitates a lifestyle centred on public transport and active mobility.

Investment and Rental Considerations

For investors evaluating 114 Bukit Purnei Road as a rental asset, the development's location near a major MRT interchange enhances tenant appeal. HDB units in mature estates with strong transport links typically attract a steady stream of tenants—including working professionals, students, and expatriate executives seeking short- or medium-term accommodation. The proximity to Keppel MRT and the Central Business District positions this development favourably for generating consistent rental income.

Rental yields in mature HDB developments depend on several factors: the unit type, condition, lease tenure remaining, and prevailing market rents. Units at 114 Bukit Purnei Road are likely to command rents aligned with comparable HDB stock in the same vicinity. Investors should evaluate current letting rates for similar unit sizes in this neighbourhood, cross-reference those against purchase prices, and factor in maintenance costs and potential vacancy periods to arrive at realistic yield estimates.

Lease Tenure and Long-Term Value

HDB leasehold properties are typically granted on 99-year terms from the date of first sale. Lease decay becomes a material consideration as leases age. Properties with shorter remaining lease terms may face resale challenges and reduced valuations, as financing institutions often impose lending limits on units below certain lease thresholds. Prospective buyers should ascertain the exact lease commencement date for any unit they are considering, calculate the remaining lease period, and assess whether this aligns with their investment horizon or intended ownership duration.

The government's Home Ownership Programme and Housing Upgrade Programme initiatives have, over the years, offered lease renewal and upgrading options for qualifying HDB residents. Buyers should remain aware of eligibility criteria and potential pathways for lease extension or estate rejuvenation, as these can materially impact long-term asset value.

Financing and Affordability

HDB units at 114 Bukit Purnei Road are typically financed through HDB housing loans or bank mortgages. The Loan-to-Value (LTV) limits for HDB properties are generally more generous than private residential financing, and HDB loan rates are often competitive. First-time buyer schemes and CPF utilisation further enhance affordability within the HDB segment.

Buyers should assess their Total Debt Servicing Ratio (TDSR) capability when planning a purchase. The TDSR framework caps total monthly debt service commitments—including the mortgage, existing loans, and credit obligations—at a specified percentage of gross monthly income. At prevailing HDB price points, most buyers will find headroom within TDSR limits, particularly first-time buyers with stable employment and reasonable existing debt levels. Buyers should obtain pre-approval from their chosen lender to confirm financing capacity before proceeding.

Buyer Profiles and Suitability

114 Bukit Purnei Road appeals to several distinct buyer cohorts. First-time buyers benefit from government grants, CPF utilisation, and the HDB's commitment to affordable homeownership. Upgraders moving from a smaller unit or earlier-generation flat find mature estates like this attractive for their established communities and amenities. Investment-focused buyers appreciate the rental potential and the stability associated with well-serviced HDB neighbourhoods near major transport nodes. The location is less likely to appeal to ultra-high-net-worth buyers seeking trophy properties or exclusive developments, but represents solid value for owner-occupiers and yield-focused investors within the HDB segment.

Competitive Positioning and Market Dynamics

The broader HDB resale market operates on a relatively liquid basis, with units turning over regularly. Buyers should review recent transactions in the Bukit Purnei area to understand prevailing price-per-square-foot benchmarks and how 114 Bukit Purnei Road compares to other stock in the same precinct. Market dynamics are influenced by overall interest rate environments, HDB supply policies, and broader property sentiment. Mature estates near established MRT stations have historically shown resilience during market downturns, as they continue to attract owner-occupiers seeking practical housing solutions.

Future Supply and District Evolution

The district's future supply profile and development pipeline warrant consideration. Mature HDB estates are unlikely to see significant new housing supply within the same immediate vicinity, which can support price stability and cap supply-driven depreciation. However, any large-scale regeneration or new estate development in neighbouring precincts could influence longer-term demand dynamics. Buyers should monitor government announcements regarding urban renewal initiatives, new MRT extensions, or estate rejuvenation programmes affecting the wider area, as these can positively influence capital appreciation.

114 Bukit Purnei Road represents a pragmatic entry point into Singapore's property market for those prioritising accessibility, affordability, and connectivity. Its proximity to Keppel MRT, combined with the maturity and stability of the surrounding neighbourhood, positions it as a credible choice for owner-occupiers and prudent investors alike.

Frequently Asked Questions

What rental yield might I expect if I purchase a unit at 114 Bukit Purnei Road as an investment?

Rental yield for HDB units at 114 Bukit Purnei Road depends on the unit size, condition, and current market rents in the area. Mature HDB estates near established MRT stations typically generate annual gross yields between 2% and 4%, depending on purchase price and achievable monthly rent. A unit purchased at S$1,200 per month rental equivalent would suggest a market rent around that level; investors should verify current letting rates for comparable units in the Bukit Purnei precinct by reviewing recent HDB rental transactions. Factor in maintenance contributions, potential vacancy periods, and any upgrading costs to derive a more conservative net yield figure. The proximity to Keppel MRT enhances tenant appeal, particularly for working professionals commuting to the Central Business District, which typically supports consistent demand and rental stability.

How does the price per square foot at 114 Bukit Purnei Road compare to recent HDB transactions in the same area?

Price-per-square-foot benchmarks for HDB units in the Bukit Purnei neighbourhood fluctuate based on unit type, floor level, remaining lease tenure, and market conditions. To assess value, buyers should analyse recent HDB resale transactions (typically available through the HDB resale portal and property databases) focusing on units of similar bedroom count, floor height, and lease profile sold within the past two to three months. Mature estates near MRT stations generally trade within predictable PSF ranges, though units with exceptional views, higher floors, or recently renovated interiors may command premiums. Comparison properties should be restricted to the immediate Bukit Purnei area rather than across broader districts, as micro-location factors significantly influence pricing. This comparative exercise will clarify whether any unit at 114 Bukit Purnei Road represents fair market value or commands a premium relative to competing HDB stock.

What is the Additional Buyer's Stamp Duty (ABSD) impact if I am a second-time property buyer purchasing at 114 Bukit Purnei Road?

Singapore Citizens purchasing a second residential property are subject to Additional Buyer's Stamp Duty at the current rate of 20% on the purchase price. For an HDB unit, this ABSD is payable in addition to standard Buyer's Stamp Duty and Legal & Valuation fees. For example, a unit purchased at S$400,000 would incur ABSD of S$80,000. This is a material cost and should be explicitly factored into affordability calculations and total investment outlay. However, HDB properties have historically been treated more favourably under ABSD schemes than private residential properties; buyers should verify current ABSD exemptions or concessions applicable to HDB purchases with their legal advisor, as housing policies occasionally introduce targeted relief. First-time buyers are not subject to ABSD, making 114 Bukit Purnei Road potentially more attractive for owner-occupiers purchasing their first home compared to investment-motivated second-time buyers.

What is the lease decay risk for units at 114 Bukit Purnei Road, and how does it affect long-term resale value?

HDB leases are typically granted for 99 years from the date of first issue. As a lease shortens, banks and financial institutions impose stricter lending conditions, with many declining to finance units below 60 years of remaining lease. Buyers should establish the exact lease commencement date for any unit at 114 Bukit Purnei Road and calculate remaining lease life; a unit issued in 2005 would have approximately 81 years of lease remaining as of 2024. Lease decay directly impacts resale value, as buyers' financing options narrow and the asset becomes less liquid as it approaches the 60-year threshold. The Singapore government has periodically introduced lease renewal and estate rejuvenation initiatives; prospective buyers should investigate whether 114 Bukit Purnei Road's estate is eligible for any such programmes, as successful lease top-ups or regeneration schemes can materially rejuvenate property values. For buyers with a 10-20 year investment horizon, lease decay is unlikely to be a critical concern; for longer holding periods, lease position and potential renewal pathways deserve careful scrutiny.

How does proximity to Keppel MRT (CC30) influence demand and capital appreciation for properties at 114 Bukit Purnei Road?

MRT proximity is one of the strongest drivers of demand and long-term capital appreciation in Singapore's property market. Keppel MRT Station, situated on the Circle Line, provides direct connectivity to the Central Business District, Changi Airport via interchange routes, and major employment and education hubs across the island. The 17-minute walk to the station places 114 Bukit Purnei Road within a convenient accessibility radius, enhancing appeal to commuters, professionals, and families. Historically, HDB estates within 10-15 minutes of an established MRT station have demonstrated greater resilience during market downturns and more consistent rental demand compared to those relying solely on bus connectivity. The Circle Line's ongoing expansion and integration with other lines further strengthens the long-term value proposition of properties in this catchment. Buyers should note that additional MRT development announcements (such as future line extensions or station upgrades) can drive unexpected appreciation; conversely, any service disruptions would temporarily diminish appeal. Overall, the MRT proximity factor is likely to sustain demand and support capital appreciation over the medium to long term.

Is 114 Bukit Purnei Road suitable for first-time buyers, upgraders, and investors, or is it better for a specific buyer profile?

114 Bukit Purnei Road appeals across multiple buyer profiles, though with different considerations for each. First-time buyers benefit from HDB's affordability, government grants, generous CPF utilisation policies, and concessionary loan rates; the established neighbourhood and proximity to MRT make it an excellent choice for this segment. Upgraders trading up from smaller earlier-generation flats find mature estates attractive for their community stability, comprehensive amenities, and transparent resale markets; the Bukit Purnei estate's tenure and location suit upgraders well. Property investors seeking steady rental yields and relatively liquid resale prospects find HDB units at 114 Bukit Purnei Road appealing, particularly given the MRT proximity and consistent tenant demand from professionals. The location is less suited to luxury-focused buyers or high-net-worth individuals seeking trophy properties or exclusive enclaves; these cohorts typically gravitate toward private residential developments or landed properties in premium districts. For pragmatic buyers prioritising accessibility, affordability, and transparency, 114 Bukit Purnei Road represents a sensible option across ownership structures.

What TDSR headroom might I have when financing an HDB unit at 114 Bukit Purnei Road, and are there specific lending considerations?

The Total Debt Servicing Ratio (TDSR) framework caps total monthly debt obligations at a percentage of gross monthly income, typically 55% for unsecured lending and 60% for HDB housing loans. HDB loans often carry favourable terms relative to bank mortgages, with competitive interest rates and flexible repayment periods extending up to 25 years. For a buyer with a monthly gross income of S$5,000, the TDSR ceiling for HDB housing loan purposes would permit approximately S$3,000 in monthly debt servicing, providing substantial headroom for mortgage and existing obligations. At prevailing HDB price points in the Bukit Purnei area, most buyers—particularly first-time buyers with stable employment and minimal existing debt—will find themselves well within TDSR limits. However, buyers with existing loans, credit card commitments, or vehicle financing should carefully assess cumulative obligations before committing to a purchase. Pre-approval from an HDB loan officer or participating bank will crystallise available financing capacity and confirm TDSR compliance, eliminating uncertainty during the purchase process. First-time buyers typically enjoy more generous TDSR treatment and may access CPF funds for downpayment and mortgage service, further enhancing affordability.

How does 114 Bukit Purnei Road compare to nearby competing HDB developments in terms of location, price, and rental potential?

114 Bukit Purnei Road competes primarily with other HDB units in the immediate Bukit Purnei and Keppel/Alexandra vicinity, as well as other Circle Line accessible estates such as those in the Harbourfront and Telok Blangah precincts. Competing developments may offer comparable or slightly shorter MRT commute times, but may lack the established community character of a mature estate. Price competition depends on unit type and lease tenure; units with longer remaining leases or premium floor positions in newer-looking developments may command higher PSF but offer less established communities. From a rental perspective, competing HDB estates within the same 15-minute MRT radius typically achieve comparable market rents, though unit condition, floor height, and orientation influence achievable yields. Buyers should conduct side-by-side comparisons of recent sales and rental transactions across the competitive set to determine whether 114 Bukit Purnei Road offers superior value relative to alternatives. The estate's maturity and established amenities can be a relative advantage over newly-opened estates lacking full infrastructure, though some investors prefer newer developments with longer lease lives and lower immediate decay risk. Ultimately, comparative analysis of recent transactions will reveal pricing gaps and rental demand patterns across competing properties.

Which unit types, floor levels, or stack configurations at 114 Bukit Purnei Road typically offer the best value for buyers and investors?

Within HDB estates, value and desirability vary by floor level, unit orientation, and stack position. Lower-floor units (Ground to 3rd storey) typically trade at discounts to mid-floor units, partly due to noise from ground-level activity, perceived security concerns, and occasional flooding risks in heavy downpours; however, these units appeal to elderly residents and those with mobility constraints, and may attract niche tenant demand. Mid-floor units (typically 4th to 20th storeys) command premium pricing and rental appeal, balancing light and ventilation with views and privacy; these typically generate the highest rental yields and resale appreciation. Higher-floor units (above 20th storey) attract premium pricing due to views, lower noise, and privacy, but may be less accessible for families and elderly residents; rental yield may not justify the premium paid. Units facing major roads may carry noise concerns and slight discounts; units with east-west orientation may be warmer. Investors seeking maximum rental yield often find mid-floor units with conventional orientations offer the best risk-adjusted returns, combining strong tenant demand with reasonable acquisition costs. Owner-occupiers should prioritise unit orientation, view quality, and personal accessibility preferences over abstract notions of 'value.' Recent transaction data for 114 Bukit Purnei Road will reveal actual price variations by floor and stack, informing strategic purchasing decisions.

What is the future supply pipeline and district evolution outlook for the Bukit Purnei area, and how might this affect long-term values?

Mature HDB estates in established neighbourhoods like Bukit Purnei typically face limited new housing supply within the immediate vicinity, as the estate is already comprehensively developed. The government's focus on new town development and estate renewal is often directed toward older precincts or designated regeneration zones; Bukit Purnei's maturity and established status suggest it is unlikely to experience disruptive new supply in the near term. This supply constraint can support price stability and prevent the depreciation driven by oversupply in emerging estates. However, district evolution depends on broader urban renewal initiatives, potential MRT line extensions (which could draw demand to newer precincts), and any government announcements regarding estate rejuvenation or upgrading programmes affecting the Bukit Purnei estate itself. The government has periodically introduced Home Upgrade Programmes and estate renewal schemes; buyers should monitor official announcements, as successful regeneration can trigger significant capital appreciation. Negative factors might include industrial or commercial development in nearby areas or congestion issues arising from new supply in adjacent precincts. Overall, the Bukit Purnei area's maturity and established MRT connectivity suggest a stable to positive long-term outlook, with relatively low risk of value-destructive oversupply. Buyers should remain informed of government land use plans and any announced renewal initiatives affecting the broader district.

Hdb Flat At 114 Bukit Purmei Road — From S$1,200