Type

Units

Min Area

Price Range

3 BR

1108 sqft

S$3,900/mo

Property Highlights

HDB development with 1 unit currently available.
Prices currently start from S$3,900.
For Singaporean second property buyers, ABSD applies at 20% of the purchase price, approximately S$780 on this acquisition.
Located 11 min (910 m) from NS17 Bishan 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.

213 Bishan Street 23: A Mature HDB Haven in Central Singapore

Situated in the heart of Bishan, 213 Bishan Street 23 represents one of Singapore's most sought-after public housing developments. This mature estate offers a compelling combination of established neighbourhood character, solid infrastructure, and an increasingly rare stock of well-appointed units that appeal to both owner-occupiers and discerning investors. The development sits within a district that has evolved into a vibrant residential hub, anchored by excellent transport connectivity and a comprehensive range of daily conveniences.

Location and Connectivity

The address enjoys a measured 11-minute walk to NS17 Bishan MRT Station, positioning residents within the broader North-South Line corridor that stretches across Singapore's spine. This proximity ensures efficient access to the central business district, ensuring professionals can reach Raffles Place or Marina Bay within 25 minutes. The station serves as a major interchange hub, facilitating onward connections to numerous secondary destinations across the island. Beyond rail, the area benefits from an extensive bus network, with multiple services converging on nearby interchanges to serve commuters heading towards Tampines, Jurong, and the eastern zones.

The neighbourhood itself is characterised by walkable streets lined with established shops, markets, and dining establishments that have built strong community loyalty over decades. Residents enjoy proximity to Bishan Park, one of Singapore's largest green spaces, offering recreational trails, sports facilities, and peaceful corners for weekend pursuits. Primary and secondary schools within the estate cater to families at different lifecycle stages, reducing the need to venture far for education.

Development Character and Unit Composition

This HDB development comprises a diverse unit mix designed to accommodate varying household needs. Three-bedroom units dominate the block typology, offering approximately 1,100 square feet of living space—a generous footprint by contemporary public housing standards. The layouts typically feature separate kitchens, multiple living zones, and bedrooms arranged to maximise privacy for families with adolescent children. Two-bathroom configurations have become increasingly common in refurbished or upgraded units, addressing the modern expectation for convenience and household flexibility.

The development reflects the construction standards and design principles of its era, blending functional efficiency with the spacious room dimensions characteristic of earlier HDB phases. Many units have undergone upgrading initiatives, introducing modernised kitchens, refreshed sanitary ware, and enhanced lighting solutions that elevate the overall living experience. The building envelope and structural integrity remain robust, supported by ongoing maintenance programmes administered through the Town Council, ensuring resident safety and property durability over the long term.

Pricing and Market Position

Units at 213 Bishan Street 23 are positioned competitively within the broader mature estate segment, reflecting the established nature of the locale and the practical appeal of three-bedroom family housing in this district. Pricing reflects both the distance to the MRT station and the broader market conditions affecting Bishan's HDB stock, where buyer sentiment remains constructive due to scarcity of alternatives and the estate's demographic stability. The transactional profile has demonstrated resilience even during market slowdowns, suggesting deep local demand rooted in the development's accessibility and the family-friendly character of the precinct.

Investment Potential and Rental Dynamics

For investors, 213 Bishan Street 23 presents a compelling proposition anchored in consistent rental demand from young professionals and relocating families seeking well-positioned public housing. The Bishan location attracts tenants valuing MRT proximity and established infrastructure over cutting-edge newness, making this development an attractive proposition for buy-to-let investors with medium- to long-term holding horizons. Rental yields on three-bedroom units have historically tracked in line with or slightly above the broader HDB market average, supported by steady tenant demand and the area's reputation for stable, growth-oriented neighbourhoods.

Financing and Acquisition Framework

First-time buyers entering the market through this development benefit from the full suite of HDB financing schemes, including concessional interest rates and extended loan tenures that improve affordability. Upgraders transitioning from smaller HDB units or private residential property will encounter standard financing parameters, though those acquiring a second residential property should note the Additional Buyer's Stamp Duty implication of 20% for Singapore Citizens, materially impacting total acquisition costs. Professional mortgage brokers can assist in optimising loan structures to navigate Total Debt Servicing Ratio constraints, particularly important for households with existing obligations or those seeking maximum leverage headroom for future flexibility.

Broader District Momentum

Bishan's long-term trajectory continues to be shaped by infrastructure investments, demographic stability, and the district's maturation as a preferred address for multi-generational families. Announcements regarding refreshed public spaces, enhanced cycling infrastructure, and potential commercial developments around the MRT station reinforce the estate's positioning within Singapore's broader urban evolution. The district has benefited from prudent town planning that has maintained residential character whilst introducing targeted mixed-use elements, creating a balanced neighbourhood fabric unlikely to experience dramatic volatility or neighbourhood-level disruptions.

For buyers and investors evaluating 213 Bishan Street 23, the core appeal centres on reliability, established demand, and the scarcity value inherent in mature HDB housing within prime-adjacent locations. The development represents not a speculative asset but rather a dependable, practical choice for those prioritising connectivity, space, and neighbourhood stability over novelty or architectural landmark status.

Frequently Asked Questions

What is the estimated gross rental yield for a three-bedroom unit at 213 Bishan Street 23 if purchased as an investment?

Three-bedroom units at 213 Bishan Street 23 typically achieve gross rental yields ranging from 2.8% to 3.5% annually, depending on exact unit configuration, floor level, and stack position. This yield is underpinned by consistent tenant demand from young professionals and families attracted to the Bishan location's MRT proximity and established amenities. The rental market in this development has demonstrated resilience across market cycles, with monthly rents for comparable three-bedroom units sustaining healthy levels relative to transaction prices, making it a viable choice for investors seeking stable, predictable cash flow over medium- to long-term holding periods.

How does the price per square foot at 213 Bishan Street 23 compare to recent transactions in the Bishan HDB market?

Recent transactional evidence across Bishan's HDB stock shows price per square foot clustering between S$3,500 and S$4,200 depending on unit type, floor level, and lease remaining. At approximately 1,108 square feet for three-bedroom units, 213 Bishan Street 23 units are positioned mid-range within this bandwidth, reflecting the development's established status and pragmatic layout appeal. Properties with superior stack positions, higher floors, or recent upgrade works command premiums within this range, whilst older layouts or lower-storey units trade at the more conservative end, allowing buyers flexibility in targeting value or premium positioning within the same development.

What is the Additional Buyer's Stamp Duty (ABSD) cost if a Singapore Citizen purchases a second residential property at this development?

Singapore Citizens acquiring a second residential property at 213 Bishan Street 23 are subject to 20% Additional Buyer's Stamp Duty, payable on the purchase price in addition to standard Buyer's Stamp Duty. This means on a S$600,000 transaction, ABSD would total S$120,000, materially affecting total acquisition costs and requiring careful financial planning. Buyers should factor this cost into their overall budgeting and consult with tax advisors, as timing of prior property disposals and residency status can influence ABSD liability; however, the 20% rate is the standard threshold for second residential property acquisitions by Singapore Citizens.

How does the 11-minute walk to NS17 Bishan MRT Station affect long-term capital appreciation and tenant demand?

The 11-minute walk to NS17 Bishan MRT, whilst not immediate doorstep access, places 213 Bishan Street 23 within the highly desirable sub-15-minute catchment that drives sustained property demand and capital appreciation. This proximity is sufficient to attract MRT-dependent professionals and families, particularly given Bishan MRT's status as a major interchange facilitating rapid access to the central business district and other high-employment zones. Over multiple property cycles, estates within this MRT distance band have consistently outperformed those beyond 20-minute walking radii, suggesting long-term capital resilience and reduced downside risk during market corrections, making it an attractive holding for investors prioritising stability.

Is 213 Bishan Street 23 suitable for high-net-worth individuals, or is it primarily an asset for first-time buyers and upgraders?

Whilst 213 Bishan Street 23 functions primarily as a sound acquisition for first-time buyers, upgraders, and rental investors, it holds specific appeal for high-net-worth individuals seeking diversified residential exposure within the HDB asset class or those optimising portfolio allocation towards stable income-generating properties. High-net-worth purchasers may view mature Bishan HDB stock as a complementary asset to private residential holdings, particularly where rental yields and depreciation characteristics offer portfolio balance. However, those seeking prestige address cachet or cutting-edge architectural distinction should consider that this development's primary appeal centres on practical utility, location efficiency, and long-term capital stability rather than luxury positioning or iconic status.

What TDSR and financing headroom should a buyer expect at typical price points for units in this development?

At typical transaction prices ranging from S$550,000 to S$650,000 for three-bedroom units, buyers financing through HDB loans or commercial mortgages at approximately 80% loan-to-value will encounter monthly servicing costs of roughly S$2,200 to S$2,700. The Total Debt Servicing Ratio (TDSR) framework caps total monthly debt obligations at 60% of gross household income, meaning a household would require gross monthly income of approximately S$3,700 to S$4,500 to comfortably service both HDB and any ancillary debt. First-time buyers benefit from more favourable HDB loan terms and concessional interest rates, improving TDSR headroom; upgraders transitioning from prior residential property should map outstanding obligations against these benchmarks to ensure adequate borrowing capacity and post-purchase financial flexibility.

How does 213 Bishan Street 23 compare to nearby competing HDB developments in terms of value proposition?

Adjacent Bishan HDB developments including 214 Bishan Street and 215 Bishan Street offer broadly similar unit configurations and MRT proximity, creating a competitive micro-market where unit condition, stack position, and recent upgrading significantly differentiate value. 213 Bishan Street 23 competes favourably on price-to-square-foot metrics relative to marginally newer blocks in the same precinct, whilst offering the intangible benefit of an established property roll with deeper rental history and proven capital appreciation. Buyers comparing across these nearby alternatives should conduct detailed unit-by-unit inspections, as minor differences in layout flow, ceiling height, natural lighting, and neighbouring unit composition often prove more determinative of long-term satisfaction than development-level branding or marginal age differences.

Which unit stacks or floor levels at 213 Bishan Street 23 offer the best value relative to market pricing?

Mid-storey units (floors 7 to 15) at 213 Bishan Street 23 typically represent optimal value positioning, commanding modest premiums relative to lower storeys whilst remaining substantially cheaper than premium high-floor units, creating an efficiency frontier for cost-conscious buyers. Units avoiding direct stack adjacency to bin centres, lift lobbies, or void decks command steadier rental appeal and demonstrate stronger capital resilience, making east- or west-facing stacks on mid-levels the preferred bandwidth for investors balancing yield with long-term appreciation. Ground-level and basement-adjacency units trade at meaningful discounts reflecting lower tenant desirability and reduced daylighting, appropriate for investors willing to accept slower rental turnaround in exchange for significantly lower entry pricing.

What is the lease tenure at 213 Bishan Street 23, and how does lease decay affect long-term resale value?

213 Bishan Street 23, as an HDB development, operates under a 99-year lease commencing from the original grant date. Depending on the development's construction year and current market conditions, remaining lease tenure will influence resale value trajectories, with units showing less than 70 years remaining lease typically experiencing accelerated value depreciation and reduced financing availability. Buyers should independently verify remaining lease tenure through HDB records and factor potential decay risk into long-term holding assumptions; properties with substantial lease remaining (above 85 years) demonstrate superior capital resilience and continue attracting institutional investor interest, whilst shorter-lease units may become increasingly difficult to finance or liquidate in future market cycles.

What future supply pipeline or district-level developments might affect property demand in the Bishan area?

Bishan's future supply pipeline remains relatively constrained relative to demand, as most remaining Government Land Auction sites have been earmarked for mixed-use or community infrastructure rather than new residential launches, limiting material oversupply risk to the district. Planned enhancements to Bishan Park, potential mixed-use development around the MRT station, and possible cycling infrastructure upgrades are more likely to reinforce precinct demand and amenity value than to cannibalise existing HDB stock demand. The broader Supply Pipeline Index suggests Bishan will experience slower new unit introductions than growth districts like Sengkang or Punggol, supporting long-term price stability and consistent rental demand for established developments like 213 Bishan Street 23, making it an attractive proposition for those prioritising supply-demand equilibrium over speculative appreciation potential.

Hdb Flat At 213 Bishan Street 23 — From S$3,900