Type

Units

Min Area

Price Range

Other

200 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 8 min (670 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.

114 Serangoon North Avenue 1: An HDB Flat in a Connected Neighbourhood

114 Serangoon North Avenue 1 represents a residential opportunity within the Serangoon North precinct, a mature HDB estate characterised by established community infrastructure and reliable transport access. The development's location within this established neighbourhood places it at the intersection of residential stability and accessibility, making it a compelling option for different buyer cohorts ranging from first-time flat purchasers to experienced property investors.

Positioned approximately 670 metres from Serangoon North MRT Station—a journey of roughly 8 minutes on foot—the development benefits from the forthcoming station currently under construction on the Circle Line extension. This emerging transport link will fundamentally reshape connectivity for residents, providing direct rail access to central business districts and other key employment nodes across Singapore's transport network. The arrival of this new MRT station is anticipated to drive sustained demand for residential units in the surrounding area, as commute times to major employment centres will compress considerably once the station becomes operational.

Location and Transport Advantages

The Serangoon North area has long served as a desirable residential locale for Singaporeans seeking a balance between affordability and accessibility. The neighbourhood is anchored by established HDB blocks, retail precincts, and community facilities that cater to everyday living needs. The imminent completion of Serangoon North MRT Station will elevate the area's transport profile, potentially driving capital appreciation across comparable properties in the immediate vicinity. Currently, residents enjoy access to bus services and secondary arterial roads that link to major expressways, ensuring that the development remains well-connected even before the new MRT line becomes fully operational.

Beyond transport, the Serangoon North precinct hosts a range of amenities that support residential living. Local markets, hawker centres, retail shops, and educational institutions are distributed throughout the neighbourhood, reducing the need for lengthy commutes to access essential services. This combination of functional urban infrastructure and established community character makes the area particularly attractive to families and long-term residents who prioritise convenience and neighbourhood stability.

Unit Characteristics and Buyer Suitability

The units at 114 Serangoon North Avenue 1 span a compact footprint of approximately 200 square feet, a format that appeals particularly to first-time buyers entering the property market and investors seeking efficient, manageable assets. The modest size translates to lower acquisition costs compared to larger HDB formats, making ownership more financially accessible whilst maintaining the tenure security and community benefits associated with HDB living. For upgraders, such units function effectively as stepping stones towards larger properties, whilst investors value the lower absolute price point and correspondingly lower financing requirements.

This unit size is well-suited to young professionals, couples without dependents, and retirees seeking low-maintenance accommodation. The compact layout typically maximises functional space, and the modest scale often commands lower annual property tax assessments and maintenance levies relative to larger blocks. For landlord-investors, the reduced turnover cost per unit and lower absolute capital outlay facilitate portfolio diversification or entry into the rental market at a lower risk threshold.

Investment and Rental Considerations

The rental market in Serangoon North has demonstrated consistent demand, underpinned by the area's established residential character and improving transport connectivity. As the Serangoon North MRT Station approaches completion, rental demand is expected to strengthen further, as commuting professionals will gain enhanced flexibility in accessing workplaces across the island. Units of this format and price range typically attract young working professionals and couples, cohorts that represent a reliable source of tenant demand in mature HDB estates.

Investors evaluating this development should note that estimated rental yields will depend on final acquisition price and prevailing market rental rates at the time of purchase. The compact unit size, whilst reducing absolute rental income per unit, often translates into higher percentage yields relative to larger properties, as the rental-to-purchase price ratio tends to be more favourable. However, prospective investor-purchasers must also account for financing costs, property tax, and maintenance contributions when calculating net investment returns.

Financing, Stamp Duty, and Ownership Costs

First-time HDB buyers benefit from concessional stamp duty rates and Housing and Development Board loan schemes that reduce financing costs relative to private property acquisition. For such buyers, the compact unit size and lower absolute price point translate to reduced loan quantum and more manageable monthly servicing costs, expanding the pool of eligible purchasers and reducing debt-service-to-income ratio (TDSR) constraints.

Second-property purchasers should be aware that Additional Buyer's Stamp Duty (ABSD) applies to HDB flat acquisitions when purchasing a second residential property. The current ABSD rate for a Singapore Citizen purchasing a second residential property stands at 20% of the purchase price, calculated on top of standard conveyancing stamp duty. This additional cost must be factored into the total acquisition expense and cash flow analysis, materially affecting the effective price paid and the quantum of funds required at completion. Prospective second-home or investment buyers are strongly advised to seek professional tax and legal counsel before committing to purchase, ensuring full comprehension of ABSD implications for their individual circumstances.

Lease Tenure and Long-Term Ownership

HDB flats are typically granted on a 99-year leasehold tenure, a lease duration that supports residential occupation throughout a standard working life and into retirement. Whilst 99-year leasehold tenure differs from freehold ownership in that the state retains ultimate ownership, the long tenure provides substantial security of occupancy and meaningful residual value throughout the first 50–60 years of the lease. As the lease progresses beyond 80 years, resale values and refinancing availability may begin to moderate, a consideration relevant for investors with extended holding periods or those planning multi-generational ownership.

Prospective purchasers should be cognisant of lease decay dynamics and plan accordingly if intending to hold the property into advanced age. The Housing and Development Board has periodically introduced lease extension schemes and renewal frameworks, and such mechanisms may be relevant to owners facing substantially depleted leasehold terms. However, such schemes are discretionary and subject to policy changes, so reliance on future lease extensions should not form the primary basis of an acquisition decision.

Competitive Positioning and Market Context

The Serangoon North precinct is served by multiple HDB developments across various phases and unit formats, creating a competitive landscape that constrains price appreciation to realistic, market-driven levels. The emergence of the Serangoon North MRT Station represents a shared benefit across all residential developments in the surrounding area, meaning that capital appreciation driven by transport improvements will be distributed broadly rather than accruing disproportionately to individual developments. This competitive context underscores the importance of unit selection, negotiation of purchase price, and timing of acquisition relative to broader market cycles.

Comparable transactions in the Serangoon North area provide useful benchmarks for price-per-square-foot valuations, rental yield calculations, and capital appreciation expectations. Prospective buyers are encouraged to review recent comparable sales data to ensure that purchase prices align with prevailing market rates and represent appropriate value relative to competing alternatives in the same neighbourhood and price segment.

Future Supply and Market Outlook

The broader Serangoon North district is part of Singapore's mature residential landscape, with limited large-scale new HDB supply anticipated in the immediate term. This supply constraint, combined with the impending arrival of the new MRT station, suggests a positive medium-term outlook for demand and pricing across the neighbourhood. However, broader macro trends—including interest rate cycles, economic conditions, and national housing policy shifts—will inevitably influence market dynamics and buyer sentiment across all property segments.

The development's strategic position relative to the new transport link, combined with the compact unit format and accessibility of the price point, positions 114 Serangoon North Avenue 1 as a rational choice for prudent buyers seeking stable, well-connected residential assets within the HDB market.

Frequently Asked Questions

What rental yield can I expect if I purchase a unit at 114 Serangoon North Avenue 1 as an investment property?

Estimated rental yield at 114 Serangoon North Avenue 1 will depend on the specific purchase price negotiated and prevailing market rental rates for compact HDB units in the Serangoon North neighbourhood at the time of acquisition. Compact units of approximately 200 square feet typically command monthly rents in the range that, when divided by purchase price, can yield percentage returns competitive with larger HDB formats, particularly because the lower absolute purchase price improves the rental-to-capital ratio. The imminent completion of Serangoon North MRT Station is expected to support sustained rental demand from commuting professionals seeking convenient transport access, potentially stabilising or gradually improving gross rental yields over a 3–5 year holding period. However, investors must account for financing costs, annual property tax, maintenance contributions, and vacancy periods when calculating net investment returns; gross yield figures should not be mistaken for net profit.

How does the price per square foot at 114 Serangoon North Avenue 1 compare to recent HDB transactions in the same area?

Price-per-square-foot (psf) valuations for HDB units at 114 Serangoon North Avenue 1 should be benchmarked against recent comparable sales of similarly-sized units within the Serangoon North precinct and neighbouring HDB estates to determine whether listed prices represent fair market value or represent an opportunity or premium relative to prevailing rates. The emergence of Serangoon North MRT Station is anticipated to support sustained pricing across all HDB units in the vicinity, as the transport improvement benefits the broader neighbourhood rather than individual developments, suggesting that psf valuations across competing blocks may converge towards a neighbourhood equilibrium. Prospective buyers are strongly advised to request recent comparable sales data from their legal or real estate advisors before finalising an offer, ensuring that the proposed purchase price aligns with market-observed transaction prices for units of equivalent size and condition in the same neighbourhood. Such comparables-based analysis is particularly important in HDB markets, where transaction frequency and pricing transparency create reliable benchmarking opportunities.

What is the Additional Buyer's Stamp Duty impact if I'm purchasing 114 Serangoon North Avenue 1 as my second residential property?

If you are a Singapore Citizen purchasing 114 Serangoon North Avenue 1 as a second residential property, you will be liable for Additional Buyer's Stamp Duty (ABSD) at the current rate of 20% of the purchase price, calculated in addition to standard conveyancing stamp duty. This means that on a purchase price of S$200,000, for example, you would incur ABSD of S$40,000, materially increasing the effective total cost of acquisition and significantly affecting cash flow analysis and return-on-investment calculations for investor purchasers. This ABSD liability is non-negotiable and applies to all second residential property acquisitions by Singapore Citizens, regardless of whether the property is purchased as an owner-occupied home or an investment asset; the ABSD is calculated on the purchase price and payable at the time of execution of the purchase agreement. Prospective second-home and investment purchasers must factor the 20% ABSD into their overall acquisition budget and financing arrangements, and should seek professional tax and legal advice to fully understand the implications for their individual circumstances and long-term property investment strategy.

What is the lease decay risk for a 99-year HDB lease, and how will it affect resale value of units at 114 Serangoon North Avenue 1?

Units at 114 Serangoon North Avenue 1 are granted on a 99-year HDB leasehold tenure, which provides substantial security of occupancy and meaningful residual value through the first 50–60 years of ownership; however, as lease terms progressively shorten beyond 80 years remaining, both resale prices and refinancing availability tend to moderate as buyer pools narrow and investment appeal diminishes. For purchasers with a 20–30 year holding horizon, lease decay will have minimal impact on resale value, as 70–80 years of remaining lease term remains highly marketable; however, investors planning multi-decade holdings or seeking to pass properties to subsequent generations should be cognisant that lease renewal or extension terms may become relevant in future decades. The Housing and Development Board has historically offered lease renewal or extension schemes in certain circumstances, though such schemes are discretionary and subject to policy changes, meaning that reliance on future government lease-extension programmes should not form the primary basis of acquisition decisions. Prudent buyers should factor in the lease decay trajectory and plan exit or renewal strategies accordingly, particularly if intending to hold beyond the 70-year mark.

How will the Serangoon North MRT Station (under construction) affect demand and capital appreciation for 114 Serangoon North Avenue 1?

The forthcoming Serangoon North MRT Station, currently under construction on the Circle Line extension, is expected to have a material positive impact on demand and capital appreciation for residential units throughout the Serangoon North neighbourhood, including 114 Serangoon North Avenue 1, which is positioned approximately 670 metres (8 minutes walk) from the station. The new transport link will provide direct rail access to central business districts, reducing commute times for working-age residents and substantially improving connectivity to major employment nodes across the island, thereby broadening the buyer and tenant pool for residential units in the area. Enhanced MRT connectivity typically translates to sustained demand growth, reduced time-to-sell for vendors, and gradual upward pressure on capital values; however, this appreciation benefit is shared across all HDB developments in the surrounding area, meaning that competitive supply dynamics will moderate price gains relative to developments with unique or exclusive locational advantages. Prospective buyers should view the MRT station as a positive medium-term factor supporting stable demand and realistic capital appreciation, rather than a catalyst for exceptional or outsized returns relative to other HDB estates in the Serangoon North precinct.

Is 114 Serangoon North Avenue 1 suitable for different buyer profiles—first-timers, upgraders, HNW individuals, and investors?

114 Serangoon North Avenue 1, with its compact unit format of approximately 200 square feet and accessible price point, is particularly well-suited to first-time HDB buyers entering the property market, as the lower absolute price reduces financing quantum and simplifies the mortgage approval process, whilst the HDB loan schemes and concessional stamp duty rates available to first-timers further reduce acquisition costs. For upgraders seeking a stepping-stone towards larger private or HDB properties, the compact unit functions as an efficient entry point to property ownership and equity accumulation without consuming excessive capital or incurring substantial acquisition costs. Investors value the modest price point and efficient unit layout, as the lower absolute capital requirement facilitates portfolio diversification and reduces financing leverage per asset, though rental income on a single compact unit will be modest in absolute terms. High-net-worth (HNW) individuals are unlikely to view 114 Serangoon North Avenue 1 as a primary residence given the compact size and established HDB character, though HNW investors may consider it as a diversification asset within a broader residential property portfolio, particularly if rental yields prove attractive relative to alternative investment vehicles. The development's suitability varies substantially by buyer profile and investment objective, necessitating careful alignment between personal circumstances and property characteristics.

What are the TDSR and financing headroom implications at typical price points for 114 Serangoon North Avenue 1?

The Debt-Service-To-Ratio (TDSR) constraint, which limits monthly loan repayments to 60% of gross monthly income for HDB loan applicants, is more easily satisfied at the lower absolute price points characteristic of compact units at 114 Serangoon North Avenue 1, as monthly mortgage payments will be proportionally smaller than for larger or higher-priced properties. A first-time buyer earning S$3,500 monthly gross income, for example, can service approximately S$2,100 in monthly debt obligations across all loans; a purchase price of S$180,000 with a 25-year HDB loan would generate monthly payments of approximately S$800–900 (depending on interest rates and down-payment ratio), consuming only 23–26% of gross income and leaving substantial headroom for other obligations or financial flexibility. However, second-property purchasers utilising private financing or facing debt consolidation from other obligations may find that TDSR constraints limit borrowing capacity more significantly, particularly when combined with the 20% ABSD upfront cost that reduces available funds for down-payment and increases the net loan quantum. Prospective buyers should seek pre-approval from their lending institution and conduct detailed TDSR modelling based on their individual income and existing debt profile before committing to an offer, ensuring that the purchase remains financially sustainable across various interest-rate and income scenarios.

How do comparable HDB developments in Serangoon North and adjacent areas compete with 114 Serangoon North Avenue 1?

The Serangoon North neighbourhood is home to multiple HDB developments of varying phases, unit formats, and age profiles, creating a competitive landscape in which 114 Serangoon North Avenue 1 must position itself relative to alternatives such as nearby blocks and estates within the broader Serangoon North precinct and adjacent neighbourhoods like Serangoon and Ang Mo Kio. All developments within the Serangoon North area benefit equally from the forthcoming MRT station, meaning that competitive differentiation is driven primarily by unit size, condition, floor level, block orientation, and proximity to neighbourhood amenities rather than transport advantages. Pricing across comparable blocks will tend to align towards an equilibrium determined by recent transaction data, neighbourhood rental rates, and buyer demand elasticity; developments offering superior unit quality, favourable floor levels, or lower absolute prices may command marginally faster sales cycles or closer-to-ask pricing, whilst developments with larger formats or premium positioning may appeal to different buyer segments entirely. Prospective purchasers should systematically compare 114 Serangoon North Avenue 1 against competing units in the same neighbourhood, paying particular attention to unit layout efficiency, block amenity offerings, and recent transaction prices, to ensure that the proposed purchase represents optimal value relative to available alternatives.

Which unit stack or floor level at 114 Serangoon North Avenue 1 offers the best value for buyers and investors?

Unit stack and floor-level preferences at 114 Serangoon North Avenue 1 vary by buyer profile and personal preference; lower floor units (typically 2nd–5th storey) are often priced marginally lower than higher floors and offer easier access for elderly residents or families with young children, though they may experience reduced natural light and increased street noise depending on block orientation and surrounding infrastructure. Mid-level floors (typically 7th–15th storey) frequently represent optimal value, as they command moderate premiums over lower floors whilst avoiding the highest-priced penthouse or near-top units, and they provide improved natural light, ventilation, and noise insulation relative to lower floors without incurring the maximum price premium. Higher floor units command premium pricing due to enhanced views, improved privacy, and reduced external noise, making them less attractive from a value-for-money perspective unless the buyer places substantial subjective value on these attributes and can justify the additional cost. For investors seeking efficient rental yields, mid-level or lower-mid units typically offer the optimal balance of pricing and tenant appeal, as renters prioritise accessibility and affordability over premium views or prestige; lower-priced units also reduce absolute mortgage payments and improve cash-on-cash returns relative to higher-priced alternatives in the same development. The 'best' floor level ultimately depends on individual priorities, budget constraints, and investment objectives, necessitating careful evaluation of trade-offs between price, natural light, accessibility, and subjective preference.

What is the future supply pipeline for HDB development in the Serangoon North district and surrounding areas?

The Serangoon North district is classified as a mature HDB residential area, with limited new large-scale HDB supply anticipated in the immediate to medium term; most new HDB construction in Singapore is directed towards emerging growth areas and new towns rather than established central-location estates, meaning that supply growth in Serangoon North is likely to remain constrained relative to overall national HDB supply pipelines. This relative scarcity of new supply, combined with improving transport connectivity via the forthcoming Serangoon North MRT Station, suggests a supportive environment for sustained demand and realistic capital appreciation across existing HDB units in the neighbourhood, as buyer pools will be drawn from the existing supply base rather than from new developments within the same precinct. The broader Serangoon North and adjacent Ang Mo Kio and Serangoon areas host mature HDB estates with aging building stock in some locations, creating natural demand from upgraders seeking newer properties or better-maintained units; however, such competition from neighbouring developments may temper price appreciation in any single block unless that block offers demonstrably superior condition, location, or amenity offerings. Prospective buyers should view 114 Serangoon North Avenue 1 within the context of a supply-constrained, mature neighbourhood experiencing incremental demand growth from transport improvements, rather than anticipating explosive appreciation driven by large-scale new development in the immediate vicinity.

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