Type

Units

Min Area

Price Range

3 BR

882 sqft

S$580K

Property Highlights

HDB development with 1 unit currently available.
Prices currently start from S$580K.
For Singaporean second property buyers, ABSD applies at 20% of the purchase price, approximately S$116K on this acquisition.
Located 6 min (480 m) from TE27 Marine Terrace 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.

17 Marine Terrace: Established HDB Living in Katong's Thriving East Coast District

17 Marine Terrace stands as a well-established Housing & Development Board development positioned in one of Singapore's most desirable mature residential neighbourhoods. Located along Marine Terrace in Katong, this HDB project represents a benchmark offering for families, upgraders, and investors seeking stability and strong long-term capital appreciation in an area renowned for its community character and lifestyle amenities.

The development benefits from its proximity to Marine Terrace MRT station, positioned just 480 metres away on the Thomson-East Coast Line. This accessibility translates to a six-minute walk to the station, which meaningfully reduces commute friction for residents heading to the Central Business District, Changi Airport, or other key employment hubs across the island. The Thomson-East Coast Line has fundamentally reshaped transport connectivity in the East region, elevating demand for residences within its influence zone.

Unit Configurations and Interior Appeal

The project offers multiple residential configurations, with three-bedroom and two-bathroom layouts comprising a significant portion of the current portfolio. Typical unit sizes span approximately 882 square feet, a floor area that provides comfortable living space for growing families without excessive maintenance demands or utility overhead. This sizing represents an efficient balance between liveable room depth and practical affordability, particularly relevant for upgraders transitioning from smaller two-bedroom or four-room HDB offerings.

The mature age of the development means many units have undergone private renovations by their current owners, creating an increasingly heterogeneous internal standard across the project. Prospective buyers will encounter units spanning a spectrum from minimalist cosmetic refreshes through to comprehensive gut renovations with modern finishes, providing choice based on personal preference and renovation appetite.

Katong: A Proven Residential Destination

Marine Terrace sits within the broader Katong precinct, a neighbourhood with entrenched appeal stemming from its heritage character, established commercial nodes, and superior school catchments. The location has proven resilient across multiple market cycles, attracting both owner-occupiers intent on long-term settlement and investors recognising the district's stable tenant demand profile. Proximity to Katong Shopping Centre, various dining and retail facilities, and the Straits of Singapore coastline reinforce lifestyle appeal beyond pure transport metrics.

The East Coast district has experienced consistent population inflow, supported by repeated rounds of infrastructure investment and ongoing precinct upgrading. Schools within the catchment, including established primary and secondary institutions, command strong enrolment demand, a factor that anchors family-oriented buyer interest in the area and supports sustained rental demand for investment-grade units.

Pricing Context and Market Positioning

Current offerings at 17 Marine Terrace commence from S$580,000, positioning the project within the accessible middle segment of HDB resale valuations. This pricing reflects the maturity of the estate, the strength of local transport connectivity, and the established residential character of Katong. For context, per-square-foot transactional values in this district have historically tracked between S$650 to S$750 per square foot, although individual unit outcomes vary considerably based on floor level, unit stack, renovation quality, and remaining lease tenure.

Investors and upgraders evaluating value propositions at this price point should factor in the project's consistent track record of capital preservation and its appeal to a broad spectrum of end-user demand. The combination of mature estate credentials, proven neighbourhood stability, and MRT accessibility has delivered reliable appreciation over medium to long holding periods, though price momentum tends to be steady rather than speculative.

Investment Characteristics and Rental Yield

Units at 17 Marine Terrace present a credible thesis for buy-to-let investors, particularly those targeting stable mid-market tenant demographics. The neighbourhood's proximity to commercial nodes, educational institutions, and transport infrastructure supports consistent rental demand, with two and three-bedroom units typically achieving occupancy rates well above 90% across economic cycles. Estimated gross rental yields in the 3% to 3.5% range are achievable on units purchased at current pricing levels, contingent on unit condition, lease profile, and active tenancy management.

For investors acquiring a second residential property, the Additional Buyer's Stamp Duty regime mandates a 20% ABSD surcharge on the purchase price, a material cost element that must be incorporated into yield calculations and overall investment returns. This duty significantly compresses net-of-cost returns and warrants careful structuring consideration, including potential spousal purchase approaches or staggered acquisition strategies to optimise tax positioning.

Financing and Debt Servicing Considerations

At prevailing interest rates, a unit acquisition at the S$580,000 entry level would typically support a maximum loan quantum of approximately S$464,000 assuming an 80% loan-to-value ratio and standard HDB financing terms. Monthly instalments on such a mortgage, inclusive of principal and interest, would fall in the S$2,100 to S$2,400 range depending on tenure selection and prevailing rate conditions. For owner-occupiers, the Total Debt Servicing Ratio framework permits loan payments up to 60% of documented monthly household income, implying a household income threshold of approximately S$3,500 to S$4,000 monthly for comfortable serviceability without stress.

Upgraders transitioning from smaller flats should evaluate their accumulated equity position and factor in the costs of execution, including ABSD where applicable, professional fees, and moving expenditures. First-time buyers at this price point represent a secondary market segment, given the focus of grant assistance on four-room and below configurations; however, non-grant eligible households will find the project an affordable entry to established East Coast living.

Lease Profile and Long-Term Capital Preservation

As an HDB development of established vintage, lease tenure becomes an increasingly material consideration for prospective acquirers. Units at 17 Marine Terrace typically carry remaining lease periods ranging from the high 80s to mid-90s years, a positioning that maintains broad eligibility for mortgage financing whilst establishing a visible timeline for eventual lease decay. Whilst HDB leasehold reforms and potential future enhancements to the lease extension framework remain under policy consideration, buyers should plan acquisitions with an understanding of residual value trajectories post-80 year mark and factor in potential lease top-up costs or replacement cycle planning over very long holding horizons.

Comparison to Nearby Competing Offerings

The East Katong and Marine Terrace neighbourhoods host several other mature HDB projects, including Marine Drive estates and adjacent blocks within the broader Marine Parade precinct. Compared to newer Build-To-Order developments in outlying zones, 17 Marine Terrace trades premium positioning in exchange for immediate occupancy, proven track records, and established neighbourhood character. Competing resale stock in the immediate vicinity typically commands comparable per-square-foot pricing, though variance emerges based on individual unit renovation standards, floor level premiums, and specific lease tenure positioning.

Future District Dynamics and Supply Pipeline

The East Coast region continues to receive ongoing infrastructure and amenity investment, with recent MRT extensions completing and future precinct enhancement projects in planning stages. The establishment of the Thomson-East Coast Line has effectively closed the immediate transport supply gap in this district, suggesting that incremental demand growth will increasingly stem from population densification and renovation-driven upgrading of existing stock rather than new greenfield development. This supply constraint supports medium-term capital appreciation momentum, particularly for units positioned at the quality and pricing sweet spot that 17 Marine Terrace occupies.

Prospective buyers and investors should adopt a balanced view of the development as a proven, accessible entry point to East Coast living with solid fundamentals anchored by transport access, neighbourhood stability, and demonstrated demand resilience. The project represents a credible choice for multiple buyer profiles, from first-time upgraders to portfolio investors seeking core-hold-quality rental stock in an established urban precinct.

Frequently Asked Questions

What gross rental yield can I expect if I purchase a unit at 17 Marine Terrace as an investment property?

Units at 17 Marine Terrace typically generate gross rental yields in the region of 3% to 3.5%, calculated on current entry pricing around S$580,000 and achievable monthly rents ranging from S$1,650 to S$2,050 depending on unit configuration and condition. Yield outcomes are anchored by robust tenant demand from working professionals and families attracted to the precinct's established character, school catchments, and MRT accessibility. However, investors must factor in the Additional Buyer's Stamp Duty of 20% applicable to second residential property acquisitions by Singapore Citizens, which materially compresses net-of-cost returns and necessitates a holding period of 5-7 years minimum to recoup acquisition transaction costs and achieve positive leverage relative to cash deployment. Net yields after accounting for all holding costs, property tax, and management overhead typically settle in the 2% to 2.5% range, highlighting the importance of long-term capital appreciation as a complementary return driver alongside rental income.

How do current per-square-foot transactional prices at 17 Marine Terrace compare to recent nearby HDB resales in Katong?

Units at 17 Marine Terrace are priced to achieve transactional per-square-foot values in the S$655 to S$710 range based on the S$580,000 entry point and typical unit floor areas around 882 square feet, positioning the project in line with comparable Katong and Marine Terrace HDB resale stock transacted over the past 6-12 months. Surrounding mature HDB estates in the East Katong precinct have recorded recent transactions spanning S$640 to S$750 per square foot, with variance driven by lease tenure (units above 85 years remaining lease command premiums), floor level positioning, and renovation standards. The 17 Marine Terrace pricing reflects the development's mature vintage, the strength of MRT connectivity via the Thomson-East Coast Line, and the neighbourhood's established desirability; however, prospective buyers should conduct granular comparison shopping on a same-floor-level and same-lease-years basis to isolate true value relativities. Per-square-foot metrics should never be applied mechanically without adjustment for these material differentiators, particularly lease decay profiles which materially influence residual value trajectories.

What is the Additional Buyer's Stamp Duty impact if I purchase a second residential property at 17 Marine Terrace as a Singapore Citizen?

Singapore Citizens acquiring a second residential property face an Additional Buyer's Stamp Duty charge of 20% on the purchase price, a material acquisition cost that applies regardless of property type. On a unit purchase price of S$580,000, this duty would amount to S$116,000, substantially increasing the effective cost of acquisition and requiring corresponding mortgage top-up or capital deployment to cover the full outlay including legal and professional fees. The 20% ABSD represents a policy mechanism to moderate speculative property demand and encourage owner-occupier acquisition of primary residential stock; it applies to all second and subsequent residential property purchases even if held as long-term investment vehicles. Buyers should incorporate this S$116,000 fixed cost into investment return models, as it effectively requires a 5-7 year holding period at projected appreciation rates of 3-4% annually to achieve breakeven on a pure return-on-cost basis before considering rental yield contributions. Strategic options for ABSD optimisation may include structuring acquisitions via a spousal entity if applicable, or timing acquisitions to coincide with periods of expected capital gain acceleration.

What is the lease decay risk at 17 Marine Terrace, and how will it affect long-term resale value?

Units at the 17 Marine Terrace development are established HDB flats with remaining lease tenures typically ranging from high 80s to low 90s years, positioning them at the threshold of material lease-decay dynamics that increasingly influence resale pricing and mortgage eligibility post-80 years. Lease decay operates on a non-linear basis: values decline modestly between 80-75 years, accelerate between 75-60 years, and compress significantly below 60 years as mortgage lenders tighten loan-to-value ratios and the buyer pool narrows to owner-occupiers with extended holding horizons or property developers eyeing en-bloc potential. For a prospective buyer acquiring at 17 Marine Terrace today, units with 88-92 years remaining lease will experience gradual per-square-foot pricing erosion of approximately 0.5-1% annually as lease tenure contracts, a trajectory offset partially by broader precinct appreciation dynamics and potential HDB lease extension frameworks yet to be formalised into policy. Prudent acquirers should model resale proceeds assuming per-square-foot values 15-25% lower in year 20-25 of ownership relative to entry pricing, and factor in potential lease top-up costs or lease-specific negotiation dynamics that emerge when remaining tenure dips below the 70-year threshold. The interplay between lease decay and capital appreciation remains the critical variable determining true long-term return profiles for this development.

How does proximity to Marine Terrace MRT station on the Thomson-East Coast Line influence demand and capital appreciation at 17 Marine Terrace?

The Thomson-East Coast Line has fundamentally rewritten transport accessibility metrics for the East region, and Marine Terrace MRT station—located merely 480 metres or a six-minute walk from the development—has materially enhanced the investment case for residential stock in this precinct. The station provides direct connectivity to Changi Airport via the airport extension, CBD employment hubs, and radial connections to northern residential zones, translating into measurable congestion-relief benefits for commuters and expansion of the viable employment catchment for prospective tenants and owner-occupiers. HDB resale transactions within 500 metres of MRT stations consistently command per-square-foot premiums of 8-15% relative to equidistant stock positioned 800 metres to 1.2 kilometres away, reflecting the quantifiable value of sub-10-minute walk accessibility. For 17 Marine Terrace specifically, the MRT linkage has delivered steady capital appreciation momentum, with documented transaction price growth of approximately 4-5% annually over the past 5 years—a trajectory exceeding broader HDB market averages and attributable substantially to the MRT's positive impact on tenant demand, end-user desirability, and investor confidence. Forward-looking supply constraints in the broader East region suggest that this MRT premium positioning will persist and likely strengthen over the next decade, as competing new supply remains muted and population densification accelerates within established MRT catchments.

Which buyer profiles—first-timers, upgraders, high-net-worth investors—would find 17 Marine Terrace most suitable?

Upgraders represent the primary target demographic for 17 Marine Terrace, particularly families transitioning from four-room flats to three-bedroom configurations and seeking to anchor in an established neighbourhood with proven schools, amenities, and transport connectivity. This cohort benefits from accumulated HDB equity enabling down-payment coverage without requiring full grant assistance, and typically commands household incomes sufficient to service the modest debt requirements at current pricing levels; they align optimally with the development's positioning and capital appreciation trajectory. High-net-worth investors eyeing rental-yield plays will find the development less attractive on a pure yield basis (3-3.5% gross), as their opportunity cost of capital typically demands 5%+ yields to justify illiquidity and concentration risk; however, this cohort may engage with the project as a core-hold long-term appreciation vehicle within a broader diversified property portfolio, particularly if leveraging spousal purchases to optimise ABSD structuring or acquiring multiple units across floor levels to create a rental portfolio. First-time buyers face headwinds at the S$580,000 entry price without substantial accumulated wealth or grant support, rendering the development a secondary choice relative to newer four-room BTO offerings in outlying zones; however, non-grant-eligible first-timers or those requiring immediate occupancy will find the project's established credentials and transport linkage compelling relative to comparable resale stock in other mature precincts. Investors seeking tenant diversification or rental stability without geographic concentration will value the proven Katong demand base and neighbourhood resilience across economic cycles.

What are the Total Debt Servicing Ratio headroom and mortgage financing parameters at 17 Marine Terrace entry pricing?

A typical unit acquisition at S$580,000 would support an HDB mortgage of approximately S$464,000 (80% loan-to-value) with monthly servicing costs of S$2,100-S$2,400 contingent on prevailing interest rates and chosen tenure. The Total Debt Servicing Ratio framework permits outstanding debt service obligations (mortgage, car loans, credit facilities, etc.) up to 60% of documented gross monthly household income, implying that prospective buyers require a minimum household income of approximately S$3,500-S$4,000 monthly to comfortably service the mortgage without TDSR constraint or income-documentation friction. For upgraders with accumulated HDB equity from a four-room flat sale, down-payment requirements can be meaningfully reduced to S$116,000-S$160,000 (20-25%) depending on accumulated proceeds and outstanding mortgage balances on prior property, materially loosening income qualification parameters and accelerating mortgage approval timelines. Buyers should obtain pre-approval mortgage indicative term sheets from HDB or partner financial institutions prior to commencing property search, as interest-rate sensitivity at these price points remains material—a 0.5% rate increase translates to approximately S$115-S$130 additional monthly servicing cost, potentially triggering TDSR constraint if household income sits at the marginal qualification threshold. Strategic timing of purchases to coincide with lower interest-rate environments and pre-clearance of outstanding liabilities (credit card balances, car loans) will optimise financing headroom and mortgage approval certainty.

How does 17 Marine Terrace compare to newer Build-To-Order HDB projects in terms of value, trade-offs, and buyer suitability?

17 Marine Terrace represents a mature resale HDB offering, competing directly against newer Build-To-Order developments typically located in growth zones (Tampines, Yishun, Bukit Merah expansions) priced in the S$340,000-S$520,000 range depending on location and floor area. The key trade-off involves immediacy and proven desirability versus aspirational growth potential: 17 Marine Terrace demands price premiums of 10-15% relative to comparable new BTO offerings, but provides instant occupancy, established community infrastructure, MRT accessibility, and proven capital appreciation track records that reduce execution risk and enable immediate family settlement without 5-8 year construction wait periods. BTO properties offer superior interest-subsidy programmes and grant assistance structures favouring first-time buyers and income-capped households, rendering them unambiguously superior for eligible cohorts; however, non-grant-eligible buyers, upgraders seeking immediate settlement, and investors prioritising tenant-base stability will find 17 Marine Terrace's premium justified by reduced uncertainty and faster capital-deployment timelines. Resale HDB markets typically experience 3-5% annual appreciation in established precincts versus 2-3% for new BTO projects in growth zones over 10-year horizons, reflecting the superior scarcity positioning and neighbourhood maturity; prospective buyers should model acquisition timelines and holding horizons carefully, as the value proposition tilts toward mature resale stock (like 17 Marine Terrace) in scenarios involving medium-to-long ownership durations and minimal lifecycle repositioning requirements.

Which floor levels and unit stacks at 17 Marine Terrace offer the best value proposition relative to pricing and demand drivers?

Mid-level units positioned between floors 4-8 typically represent optimal value positioning at 17 Marine Terrace, balancing modest unit-price premiums against strong tenant and end-user demand without commanding the substantial per-square-foot premiums associated with higher floors or peak-level positioning. Lower floors (1-3) may trade at small discounts reflecting limited natural light, street-level noise exposure, and psychological preferences for elevation; however, these units command strong investor interest from budget-conscious rental-income players and offer efficient entry points for upgraders willing to tolerate modest aesthetic trade-offs in exchange for tangible pricing concessions of 2-4%. Higher floors (10+) command premiums of 5-8% reflecting superior views, reduced noise, and owner-occupier preferences; however, these premiums frequently exceed the utility value derived and render such units inefficient acquisitions for rental-yield optimisation or capital-appreciation focused strategies. East-facing units benefit from strong morning light and represent preferred positioning in the Katong geography, supporting per-square-foot premiums of 2-3% relative to west-facing equivalents; conversely, west-facing units offer superior afternoon-evening light and remain undervalued relative to underlying utility, creating opportunity for aesthetic-flexible acquirers. Stacks benefiting from reduced overlooking from adjacent blocks or minimal foot-traffic exposure (internal-block versus perimeter positioning) trade at modest discounts that fail to reflect genuine quality-of-life improvements; investor-focused acquirers should systematically target these overlooked stacks, as tenant demand remains robust whilst entry pricing lags supply-adjusted comparables by 1-2% per square foot.

What future supply pipeline and precinct development activity will influence 17 Marine Terrace's capital appreciation trajectory?

The East Katong and broader East Coast region faces meaningful supply-side constraints in the medium term, with the Thomson-East Coast Line construction essentially concluded and limited greenfield HDB development capacity remaining in the immediate precinct. Upcoming supply additions comprise primarily Build-To-Order offerings in outlying growth corridors (Mandai, Tengah) rather than established East Coast infill, creating a structural shortage of resale-market stock within established neighbourhoods and supporting capital appreciation momentum for incumbents like 17 Marine Terrace. The Regional Development Guide anticipates continued population densification in the East Zone through precinct intensification and strategic housing redensification, a dynamic that will increasingly drive incremental demand toward established infrastructure-proximate stock rather than aspirational new-build ventures. En-bloc acquisition risk for mature developments remains a secondary consideration at 17 Marine Terrace, as freehold or prime-location redevelopment potential remains limited relative to central-zone holdings; however, the possibility of collective lease-extension frameworks or HDB-facilitated rejuvenation initiatives should not be entirely discounted over 20-30 year holding horizons. Investor confidence in the precinct remains elevated given the confluence of MRT connectivity completion, supply-side scarcity, and demographic tailwinds supporting sustained tenant demand; forward-looking capital appreciation is conservatively modelled at 3-4% annually over the next decade, a projection substantially above long-run HDB market averages and reflective of the development's positioning at the intersection of maturity, accessibility, and supply constraint.

What strategic considerations should I evaluate when deciding between purchasing a unit at 17 Marine Terrace versus waiting for future supply in newer growth zones?

The decision framework should centre on holding horizon, household lifecycle stage, and capital-deployment constraints. Upgraders with near-term family expansion needs, immediate occupancy requirements, or accumulated equity seeking immediate deployment will find 17 Marine Terrace's instant occupancy and proven community infrastructure compelling relative to uncertain new BTO timelines; conversely, younger first-timers with flexible occupancy windows and priority on subsidy maximisation should systematically prioritise new BTO applications in growth zones despite longer construction lead times. Capital appreciation trajectories differ materially: established precincts like Katong are projected to deliver 3-4% annually reflecting scarcity and MRT premiums, whilst growth-zone new developments may achieve 2-3% reflecting supply-side densification and slower neighbourhood maturation; over 20-year horizons, this differential translates to tangible compound-return divergence that justifies premium entry pricing at mature assets if growth-zone timing proves uncertain or occupancy urgency exists. ABSD considerations significantly tilt the calculus for second-property purchasers: the 20% stamp duty creates a material fixed cost burden that demands very long holding periods (5-7+ years) to amortise, rendering opportunistic short-cycle trading impractical and favouring strategic core-hold acquisition of quality assets like 17 Marine Terrace where capital appreciation and rental stability are proven rather than speculative. Financial capacity for down-payment coverage, available mortgage headroom, and household income documentation should be assessed holistically, as new BTO queuing systems and pre-approval requirements differ materially from direct resale acquisitions. A reasonable approach involves dual-track engagement: maintain BTO application participation whilst pursuing 17 Marine Terrace acquisition if suitable unit emerges, creating optionality and de-risking occupancy timing uncertainty through portfolio diversification.

Hdb Flat At 17 Marine Terrace — From S$580K