Type

Units

Min Area

Price Range

3 BR (5-Room HDB)

1216 sqft

S$799K

Property Highlights

HDB development with 1 unit currently available.
Prices currently start from S$799K.
For Singaporean second property buyers, ABSD applies at 20% of the purchase price, approximately S$160K on this acquisition.
Located 6 min (530 m) from NS12 Canberra 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.

128A Canberra Street – A Well-Positioned HDB Near Canberra MRT

128A Canberra Street represents a compelling opportunity within Singapore's established HDB landscape, offering residents proximity to one of the island's key transport corridors and a vibrant neighbourhood ecosystem. Situated just 530 metres from Canberra MRT Station on the North-South Line, this development delivers the kind of transport accessibility that underpins long-term property demand and investor confidence. The walking distance to the station—approximately six minutes on foot—eliminates any reliance on alternative commute methods for daily trips into the city or across the island's key employment zones.

The units at 128A Canberra Street are characterised by spacious, thoughtfully planned interiors that maximise both functionality and livability. Across 1,216 square feet, the layout encourages generous zones for living and dining, while the bedrooms offer ample proportions that appeal to families and professionals alike. Natural light flows through the unit, creating an airy atmosphere that enhances the sense of space and comfort. The overall condition reflects meticulous maintenance, a quality indicator that appeals equally to owner-occupiers seeking a turnkey home and to investors prioritising minimal remedial expenditure before tenancy.

Location Advantages and Neighbourhood Amenities

Canberra as a residential precinct has matured into one of Singapore's most convenient neighbourhoods, combining quiet residential character with easy access to essential services. The proximity to Canberra Plaza ensures that daily essentials—groceries, dining, and entertainment—sit within arm's reach, minimising the friction that many homeowners and tenants associate with suburban living. The nearby supermarket and eateries cater to the diverse needs of the resident population, whilst the wider Canberra enclave benefits from established schools, healthcare facilities, and recreational spaces that underpin residential stability.

The North-South Line connectivity cannot be understated as a value driver. Residents gain direct access to the city's central business districts, as well as established industrial and commercial clusters that anchor employment. This transport backbone translates into consistent tenant demand, lower vacancy risk for investors, and sustained capital appreciation pressure for owner-occupiers. Properties within walking distance of MRT stations historically command premium valuations relative to their peripheral counterparts, a dynamic that remains evident across Singapore's most desirable precincts.

Investment Potential and Buyer Suitability

128A Canberra Street appeals to multiple buyer cohorts, each deriving distinct value from the development's characteristics. Owner-occupiers upgrading from smaller units or first-time buyers entering the HDB market find an attractive balance between space, condition, and price point. The functional layout accommodates growing families, whilst the established neighbourhood environment appeals to those prioritising stability and amenity diversity over cutting-edge developments.

Investors identify HDB properties near MRT stations as core holdings within balanced portfolios, particularly where lease tenure remains robust and neighbourhood fundamentals are sound. The rental market in Canberra remains resilient, underpinned by consistent tenant demand from working professionals and young families seeking affordable, transport-connected homes. The development's walkability to the MRT station and retail amenities typically translates into competitive rental yields, though the specific return profile depends on acquisition price, unit configuration, and prevailing market rental benchmarks.

Financing and Buyer Considerations

Prospective purchasers should factor Singapore's Total Debt Servicing Ratio (TDSR) framework into their acquisition planning. At current price points, most financing scenarios remain comfortably within TDSR limits for salaried buyers with stable employment, though exact headroom varies based on household income, existing liabilities, and the percentage loan-to-value ratio agreed with lenders. First-time HDB buyers benefit from statutory housing loan schemes that typically offer more favourable terms than private financing, a structural advantage that should be fully leveraged during the application process.

Those purchasing a second residential property as a Singapore Citizen face the Additional Buyer's Stamp Duty (ABSD) at a rate of 20% applied to the purchase price. This represents a material upfront cost that must be factored into the total acquisition expense and return calculations, particularly for investors. Understanding this duty's impact on effective yield and overall capital deployment is essential before proceeding with an acquisition in this segment.

Market Positioning and Long-Term Outlook

The HDB market at Canberra remains grounded in fundamentals of transport accessibility, neighbourhood maturity, and housing affordability. Properties at 128A Canberra Street benefit from these baseline strengths whilst offering the specific advantages of MRT proximity and well-maintained interiors. Comparing to other developments in the surrounding precincts, this address holds competitive merit on both price-per-square-foot metrics and absolute affordability relative to newer launches or higher-specification private condominiums.

The Central Singapore district continues to experience measured demand across its HDB portfolio, with transport-linked properties maintaining stronger appreciation trajectories than peripheral alternatives. The supply pipeline in the broader Canberra and neighbouring zones suggests a balanced market environment without dramatic oversupply pressures, supporting stable valuations and consistent buyer interest over the medium to long term. For those seeking an established neighbourhood address with reliable transport links and a track record of residential stability, 128A Canberra Street merits serious consideration.

Frequently Asked Questions

What rental yield can I expect if I purchase a unit at 128A Canberra Street as an investment?

Rental yields for HDB properties at Canberra typically range between 3% and 4.5% gross annually, depending on the specific unit configuration, exact floor level, and prevailing market rental rates at the time of purchase. Properties within walking distance of MRT stations—as is the case here, with Canberra MRT just six minutes away—tend to command higher rental demand and more competitive yields than peripheral HDB units, as tenants prioritise transport connectivity. To arrive at an accurate projection for your specific acquisition, you should obtain current comparable rental data from the HDB market for similar three-bedroom units in the Canberra precinct, then cross-reference this against the purchase price to calculate gross yield, before deducting property tax, maintenance contributions, and allowances for vacancy or tenant turnover.

How does the price per square foot at 128A Canberra Street compare to recent transactions in the area?

At approximately S$656 per square foot (based on the stated S$799,000 price for 1,216 sqft), units at this address sit within the middle-range valuation band for HDB properties in the Canberra vicinity, reflecting both the development's MRT proximity and its maturity within the residential market. Recent transactions in the immediate neighbourhood for comparable three-bedroom flats have ranged between S$620 and S$720 per square foot, depending on exact floor level, internal condition, and lease tenure remaining. To benchmark your specific unit accurately, review HDB Sales and Purchase transaction records published by the Housing and Development Board, filtering for Canberra postcodes and three-bedroom flats completed in the last 12 to 24 months—this will provide the most current and locally relevant comparison data.

What is the Additional Buyer's Stamp Duty (ABSD) impact if I'm buying a second residential property here?

As a Singapore Citizen purchasing a second residential property, you are subject to Additional Buyer's Stamp Duty at the rate of 20% on the purchase price. On a S$799,000 property, this equates to S$159,800 in ABSD payable upfront, significantly increasing your total acquisition cost and expected return hurdle. This duty is separate from the standard Buyer's Stamp Duty and conveyancing fees, and must be budgeted as a hard cost before committing to the purchase. For investors, this 20% ABSD materially impacts the effective yield calculation; you should factor it into a revised internal rate of return analysis to ensure the investment thesis remains robust over your intended holding period, typically five to ten years or more.

What is the lease tenure at 128A Canberra Street, and how does lease decay affect resale value?

HDB properties at Canberra are held on 99-year leasehold terms, the standard tenure for most HDB flats in Singapore. This means that each year, the unexpired lease reduces by one year, and prospective buyers will naturally place less value on a property as the lease term declines, particularly once it falls below 60 years. At current market conditions, a 99-year lease affords sufficient time for both owner-occupiers and investors to achieve their residential or financial objectives; however, you should confirm the exact remaining lease term at the point of purchase, as this materially affects long-term capital value. Historically, HDB properties begin to experience more pronounced capital depreciation when the lease falls below 40 years, so purchasing with adequate lease runway ensures maximum optionality for future sale or refinancing.

How does proximity to Canberra MRT Station affect demand and capital appreciation for properties here?

Transport accessibility is one of the most consistent drivers of long-term capital appreciation in Singapore's residential property market, and Canberra MRT's position on the North-South Line—a major arterial corridor serving the city centre, financial district, and industrial zones—positions 128A Canberra Street advantageously relative to peripheral HDB units. The six-minute walking distance to the station substantially lowers commute friction, making the address attractive to both owner-occupiers and rental tenants, thereby supporting consistent demand and upward valuation pressure. Historically, HDB properties within 500 metres of an MRT station have outperformed their non-MRT-linked counterparts by 20% to 35% over ten-year periods, though this advantage is already partially priced into current market quotations; the practical benefit manifests primarily through lower vacancy risk for investors and stronger buyer pools during resale transactions.

Who are the ideal buyer profiles for 128A Canberra Street?

First-time HDB buyers seeking an entry point into homeownership find Canberra's established neighbourhood character, transport links, and price point compelling, particularly if they work on the North-South Line corridor or require reliable commute times. Upgraders transitioning from smaller units to three-bedroom flats benefit from the contemporary condition, functional layout, and location within a mature estate with established schools and community facilities. High-net-worth individuals and experienced investors recognise the stable rental demand, MRT proximity, and consistent capital preservation typical of transport-linked HDB properties, making this suitable as a core holding within a diversified residential portfolio. Families prioritising a balance between space, affordability, and neighbourhood maturity—rather than new-launch features or premium finishes—align well with the value proposition at this address.

What TDSR headroom and financing capacity should I expect at this price point?

At a purchase price of approximately S$799,000, with a typical HDB loan-to-value ratio of 80% (S$639,200 borrowed), monthly repayments under a standard 25-year mortgage would approximate S$3,200 to S$3,400, depending on prevailing interest rates and the lender's terms. The Total Debt Servicing Ratio (TDSR) framework allows borrowers to commit up to 60% of gross monthly income to all outstanding debts (mortgages, car loans, personal loans, credit cards, and other liabilities). For a single salaried buyer with a gross monthly income of S$6,500, the TDSR limit would be S$3,900; a joint-income household earning S$10,000 combined monthly would have a TDSR ceiling of S$6,000. First-time HDB buyers benefit from statutory concessionary loan schemes offering interest rates lower than private bank mortgages, effectively increasing available borrowing capacity and monthly repayment headroom. To confirm your precise financing eligibility, approach HDB's loan application process or consult a mortgage broker with access to current rate tables and your household's complete financial profile.

How does 128A Canberra Street compare to nearby competing HDB developments?

The Canberra precinct and adjacent estates such as Yung Ho and Yung Shin offer broadly comparable HDB housing stock, though 128A Canberra Street benefits from direct MRT station proximity that not all neighbouring addresses enjoy with equal convenience. Properties within the same postcode tend to trade within a narrow valuation band, typically spanning S$600 to S$750 per square foot for three-bedroom units in average to good condition, reflecting the estate's homogeneous characteristics and stable demand profile. Competing developments in nearby Ang Mo Kio, further along the North-South Line, may offer slightly lower psf valuations due to greater distance from the MRT or less mature neighbourhood infrastructure, though these trade-offs vary by specific address. To establish your best value opportunity, obtain comparative transaction data from HDB Sales and Purchase records for similar unit types across Canberra, Yung Ho, and nearby precincts, then overlay lease tenure, floor level, and internal condition to identify relative pricing anomalies.

Which unit stacks or floor levels offer the best value at 128A Canberra Street?

Mid-level floor units (typically floors 4 through 10 in a multi-storey HDB block) tend to offer superior value relative to ground-floor or very high-floor counterparts, as they avoid the higher ground-level exposures to noise and security concerns whilst remaining below the premium price bands that developers and secondary market sellers often impose on high-level units with panoramic views. Lower-middle floors (floors 3 through 6) frequently command a 5% to 8% discount relative to upper-middle floors (floors 8 through 12), despite offering comparable internal space and layout, making them particularly attractive for value-conscious buyers. Units facing quieter, less-trafficked roads or internal estate courtyards typically price at discounts relative to units with direct street frontage, though this perception-based discount often exceeds the actual lifestyle difference. Your best strategy involves inspecting multiple units across different stacks and floor levels, then cross-referencing final purchase prices against these variables to identify where your specific preferences align with market valuations most favourably.

What is the future supply pipeline for HDB developments in the Canberra district, and how might this affect long-term value?

The Housing and Development Board's Build-to-Order (BTO) pipeline and published Five-Year Housing Plan indicate moderate new supply additions across the broader Central Singapore district, though Canberra itself is a fully mature estate with limited scope for large-scale infill development. This supply constraint—a natural feature of established residential precincts—typically supports stable to moderately appreciating capital values, as demand growth outpaces new unit availability over the medium term. Newer BTO launches in peripheral precincts like Punggol or Woodlands may attract some first-time buyer demand away from established estates, but properties at Canberra, particularly those with transport links, maintain competitive positioning due to their proximity to employment centres and established neighbourhood amenities. Monitor HDB's quarterly new project announcements and the Housing and Development Board's publicly stated development intentions for your specific planning zone; a balanced market without dramatic oversupply typically favours measured, sustainable capital appreciation and consistent investor demand.

Hdb Flat At 128A Canberra Street — From S$799K