Type

Units

Min Area

Price Range

3 BR

969 sqft

S$4,600/mo

Property Highlights

HDB development with 1 unit currently available.
Prices currently start from S$4,600.
For Singaporean second property buyers, ABSD applies at 20% of the purchase price, approximately S$920 on this acquisition.
Located 7 min (580 m) from EW17 Tiong Bahru 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.

120 Kim Tian Place: Established HDB Living in Tiong Bahru

120 Kim Tian Place stands as a well-regarded HDB development in the heart of Tiong Bahru, one of Singapore's most vibrant and historically significant residential neighbourhoods. Located on Kim Tian Place, this project offers residents the balanced appeal of mature estate living combined with proximity to essential transport links and community facilities. The development comprises multiple units across various configurations, providing options for families, upgraders, and investment-focused buyers seeking stability in a proven location.

Strategic Location and Transport Connectivity

The development's position within Tiong Bahru delivers exceptional convenience for commuters and daily living. Tiong Bahru MRT Station (EW17) lies approximately seven minutes' walk away at a distance of 580 metres, providing direct access to the East-West Line and enabling swift connections across Singapore's wider transport network. This proximity to the MRT has long been a cornerstone of the area's appeal, ensuring that residents enjoy a car-optional lifestyle whilst retaining easy access to business districts, shopping precincts, and educational institutions throughout the island.

Beyond rail connectivity, the neighbourhood benefits from comprehensive bus services and well-maintained pedestrian pathways. The walkability factor enhances quality of life for residents who prefer active mobility, and the mature road infrastructure supports reliable vehicular access for those who own private transport.

Neighbourhood Character and Local Amenities

Tiong Bahru has earned a distinctive reputation as one of Singapore's most charming and culturally rich enclaves. The area is renowned for its heritage architecture, eclectic dining scene, independent cafés, and local market culture. Residents of 120 Kim Tian Place enjoy proximity to the iconic Tiong Bahru Market, a bustling wet market serving the community with fresh produce, seafood, and everyday groceries. The neighbourhood's food establishments range from established hawker stalls to contemporary restaurants, catering to diverse palates and budgets.

The surrounding precincts contain numerous community facilities including childcare centres, primary and secondary schools, and recreational grounds. Healthcare services, including polyclinics and private medical facilities, are accessible within short distances. The mature estate character means that essential services and amenities have been long established, reducing uncertainty regarding future provision of basic needs.

Unit Configuration and Interior Specifications

The development offers a range of unit types, with configurations extending to three-bedroom layouts and complementary bath facilities. Units typically span approximately 969 square feet or thereabouts, providing generous living space suited to family living and entertaining. The scale of these units allows for flexible internal arrangements, whether for young families seeking room to grow or established households with specific lifestyle requirements. Interior finishes reflect HDB standards with opportunities for customisation through renovation, a common practice among owners seeking to personalise their living environments.

Investment and Rental Potential

From an investment perspective, 120 Kim Tian Place occupies an advantageous position within Singapore's residential landscape. Tiong Bahru's established reputation, MRT accessibility, and cultural appeal have historically attracted sustained rental demand from expatriates, young professionals, and relocating families. The mature estate setting combined with transport convenience creates a natural appeal for tenants seeking convenience without excessive density, positioning the development as a reliable vehicle for rental income generation.

Lease tenure and remaining duration form critical considerations for investors, as they directly influence both rental yield calculations and long-term capital appreciation prospects. Properties with robust lease periods provide greater assurance of value retention and continued marketability, whilst properties approaching the critical 30-year threshold warrant closer analysis of potential resale impacts.

Capital Appreciation and Market Dynamics

The Tiong Bahru precinct has demonstrated resilience and steady appreciation over extended periods, driven by its established infrastructure, transport connectivity, and neighbourhood appeal. HDB properties in central locations with strong MRT access typically outperform outlying estates in terms of capital growth, as demand for convenience and accessibility remains consistent across economic cycles. The proximity of 120 Kim Tian Place to EW17 positions it to benefit from ongoing interest in central-east locations among upgraders and downsizers alike.

Market sentiment towards Tiong Bahru properties remains positive, supported by the neighbourhood's cultural cachet and the general scarcity of well-located central HDB units. However, prospective buyers should note that all HDB properties are subject to lease decay considerations—as the unexpired lease falls below 30 years, resale value trajectories typically become constrained unless and until the HDB launches a sale-and-leaseback scheme or similar initiative to arrest value decline.

Buyer Suitability and Financing Considerations

120 Kim Tian Place appeals to diverse buyer profiles. First-time buyers find the location's maturity and amenity completeness attractive, whilst the relatively established price point may offer value compared to newer private residential options in the area. Upgraders benefit from spacious configurations and the neighbourhood's quality of life proposition. Investors view the combination of accessibility, rental demand, and capital appreciation potential as compelling, particularly if lease tenure remains robust.

Financing considerations remain straightforward for HDB purchases, with Housing and Development Board loans available to eligible Singapore citizens and permanent residents. The Total Debt Servicing Ratio (TDSR) framework caps debt obligations at 55% of gross monthly income for HDB loans, ensuring responsible lending practices. At typical price points for developments in this location, most qualified buyers can secure comfortable financing structures with conventional down payments and monthly mortgage commitments within prudent thresholds.

Comparative Market Position

Within the broader Tiong Bahru market, 120 Kim Tian Place competes alongside other HDB developments and private residential options. The HDB offering provides the significant advantage of affordability and accessibility to broader buyer demographics compared to private alternatives. Price per square foot metrics for similar-vintage HDB units in the immediate vicinity provide useful benchmarking, though individual unit conditions, floor levels, and exact lease remaining periods create variation in achieved prices.

Neighbouring projects and competitive developments in nearby areas such as Redhill and Bukit Ho Swee offer comparative options, though Tiong Bahru's particular appeal—its central location, transport access, and distinctive neighbourhood character—sustains its premium positioning within the HDB landscape.

Future Considerations and District Planning

The Outram Planning Area, within which Tiong Bahru is situated, remains strategically important within Singapore's long-term urban development strategy. The maturity of the estate and the relative scarcity of large-scale redevelopment land suggest that the neighbourhood's character is likely to remain stable rather than undergo dramatic transformation. This stability provides reassurance to buyers seeking to establish long-term residence, though prospective investors should remain attuned to any enhancements or infrastructure upgrades announced by relevant planning authorities.

Frequently Asked Questions

What rental yield might I expect if I purchase a unit at 120 Kim Tian Place as an investment?

Tiong Bahru commands sustained rental demand from expatriates and young professionals seeking central, well-connected HDB living, with typical gross yields ranging from 4% to 6% depending on exact unit size, configuration, and achieved rental rate. The neighbourhood's distinctive character and proven amenity ecosystem have historically attracted quality tenants willing to pay premium rents relative to outlying estates, supporting stable income generation. However, investors must factor in remaining lease tenure when calculating net yields; units with robust lease periods (above 60 years) typically command higher rental multiples and more stable tenant bases than those approaching or below 30 years.

How does the price per square foot at 120 Kim Tian Place compare to recent HDB transactions in Tiong Bahru?

Tiong Bahru HDB properties typically achieve price-per-square-foot valuations that reflect the neighbourhood's central location, MRT accessibility, and cultural appeal, generally ranging from S$700 to S$900 per square foot depending on unit age, renovation standard, and lease remaining. Recent market evidence suggests that well-maintained units with longer lease tenure command valuations at the higher end of this range, whilst those approaching the 30-year threshold may attract more conservative pricing. Prospective buyers should commission private valuation reports or review recent comparable sales through HDB's official records to establish precise benchmarking for their specific acquisition criteria.

What are the Additional Buyer's Stamp Duty implications if I'm a Singapore Citizen purchasing this as my second residential property?

Singapore Citizens purchasing a second residential property incur Additional Buyer's Stamp Duty (ABSD) at 20% of the purchase price, in addition to standard Buyer's Stamp Duty. For an HDB unit at 120 Kim Tian Place priced at, for example, S$450,000, the ABSD levy would total S$90,000—a substantial cost consideration that materially impacts overall acquisition expenses and must be factored into investment return calculations. This ABSD applies on top of legal fees, agent commissions (if applicable), and standard stamp duties, significantly increasing the effective entry cost for second-property acquisitions and should therefore feature prominently in financial planning and yield assessments for investor-focused buyers.

What lease decay risk should I be aware of, and how might this impact long-term resale value?

All HDB units are issued with either 99-year or 999-year leases, and those approaching the 30-year mark on remaining tenure begin to experience material resale value constraints as market demand and financing options narrow substantially. Properties at 120 Kim Tian Place with leases well above 60 years offer maximum flexibility and resale liquidity, whilst those below 30 years may face financing restrictions, reduced buyer pools, and potential value deterioration absent government intervention such as sale-and-leaseback schemes. Prospective buyers should verify exact lease commencement and expiry dates with HDB before purchase, as this single factor will be the primary determinant of long-term capital appreciation or potential loss, particularly for investors with multi-year holding horizons.

How does proximity to Tiong Bahru MRT (EW17) influence demand and capital appreciation for this development?

The seven-minute walk to Tiong Bahru MRT Station is a cornerstone advantage driving both rental demand and capital appreciation at 120 Kim Tian Place, as MRT accessibility consistently ranks as the primary amenity criterion among HDB buyers and tenants across Singapore. Properties within immediate MRT walking distance (under 10 minutes) typically achieve 10–15% rental premium premiums and demonstrate more resilient capital value trajectories during market softness compared to car-dependent estates. The East-West Line's strategic importance as a major transport artery serving the East Coast, Changi Airport corridor, and central business districts ensures sustained commuting demand, whilst the neighbourhood's non-transient character means that the MRT's relative importance to local amenity quality has remained consistent and is likely to persist.

Which buyer profiles are best suited to 120 Kim Tian Place, and why?

First-time buyers benefit from the neighbourhood's completeness—all essential amenities, schools, healthcare, and transport are established—reducing risk and uncertainty compared to emerging estates. Upgraders from 2-bedroom units value the additional space and Tiong Bahru's quality-of-life appeal, whilst the established price point ensures accessibility without excessive leverage requirements. Young professional investors appreciate the rental demand trajectory and central location for lifestyle reasons if they choose to occupy, combined with hedging benefits of HDB's affordability and lease protection frameworks. Downsizers seeking vibrant neighbourhoods with active social scenes and accessible high streets find Tiong Bahru particularly compelling, as the area's cafe culture and walkability appeal to empty-nesters and semi-retired professionals.

What TDSR headroom might I expect at typical price points for units at this development, and can I finance comfortably?

HDB loans impose a Total Debt Servicing Ratio (TDSR) ceiling of 55% of gross monthly income, a more permissive threshold than private property financing (typically 60% with stricter assessments), enabling borrowers to secure comfortable leverage and monthly commitments. A purchaser earning S$8,000 monthly gross income could service monthly debt (across all obligations) up to S$4,400; assuming a unit priced at S$450,000 with 25% down (S$112,500 personal contribution) and a 30-year mortgage at approximately 2.8% would result in monthly payments around S$1,400–S$1,500, comfortably within TDSR parameters. Prospective buyers with household incomes above S$6,500 monthly and reasonable existing debt loads can typically structure acquisition financing without constraint, though those approaching or exceeding the TDSR ceiling should consult HDB directly or engage licensed financial advisors to confirm feasibility.

How do competing HDB developments and private residential options in Tiong Bahru and nearby areas compare to 120 Kim Tian Place?

Nearby HDB projects such as Redhill and Bukit Ho Swee offer comparable location and accessibility but may feature less distinctly appealing neighbourhood character; Tiong Bahru's cultural identity and dining reputation provide meaningful differentiation. Private residential options in Tiong Bahru command substantial premiums (often 30–50% higher price-per-square-foot) for identical locations, making HDB alternatives significantly more affordable whilst retaining MRT proximity and walkability advantages. International comparables such as Outram Park and the Dhoby Ghaut precincts offer alternative central locations but often involve older building stock or alternative transport configurations; 120 Kim Tian Place's position within a cohesive, established estate balances accessibility with community-oriented living that private towers cannot readily replicate at equivalent cost.

Which unit stack or floor level at this development offers the best value proposition?

Mid-level units (floors 10–20) typically offer optimal value, as they avoid the premium pricing commanded by high-floor units (views, prestige) whilst escaping the lower-floor discount (noise, privacy concerns, ground-level activity). Corner units command 5–10% premiums over internal units due to superior natural light and privacy, a benefit that often justifies the incremental cost for long-term owner-occupiers but may not translate into equivalent rental premiums or resale appreciation. Lower-floor units (floors 1–5) offer practical advantages—quicker lift access, reduced wear on lifts for mobility-impaired residents, and often lower prices—making them compelling for budget-conscious upgraders or elderly downsizers, though some tenants and buyers exhibit persistent preference for higher floors, creating relative undervaluation for lower-stack properties.

What future supply pipeline developments in the Outram Planning Area might affect property values at 120 Kim Tian Place?

The Outram Planning Area, encompassing Tiong Bahru, is predominantly mature HDB estate with limited large-scale redevelopment land remaining; the Urban Renewal Authority (URA) has not announced major rejuvenation initiatives specifically affecting this precinct, suggesting relative stability in supply-demand dynamics over the medium term. However, ongoing infrastructure enhancements—such as potential Cross Island Line extensions or active mobility upgrades—could enhance neighbourhood appeal and support gradual capital appreciation, though the mature estate character means dramatic transformation is unlikely. Prospective buyers should monitor URA's Master Plan updates and HDB's Build-to-Order pipeline announcements for neighbouring planning areas; whilst direct supply competition in Tiong Bahru itself is limited, significant new HDB completions in adjacent areas like Jalan Besar or Kallang could exert marginal pressure on Tiong Bahru's relative valuation, though historical evidence suggests central, MRT-accessible estates retain value resilience despite peripheral supply increases.

[For Rent] Hdb Flat At Kim Tian Place — From S$4,600