Type

Units

Min Area

Price Range

Other

200 sqft

S$800/mo

Property Highlights

HDB development with 1 unit currently available.
Prices currently start from S$800.
For Singaporean second property buyers, ABSD applies at 20% of the purchase price, approximately S$160 on this acquisition.
Located 3 min (290 m) from NS13 Yishun 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?

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215 Yishun Street 21: Central HDB Living Near Yishun MRT

215 Yishun Street 21 stands as an established Housing and Development Board development in the heart of Yishun, one of Singapore's most mature and densely populated residential districts. Situated at 215 Yishun Street, the project enjoys strategic proximity to NS13 Yishun MRT Station, a mere 290 metres or approximately three minutes' walk away. This accessible location has made the development particularly attractive to commuters, working professionals, and families seeking reliable transport connections across the island.

The development comprises compact HDB flats designed to maximise internal living space within efficient footprints. Units range modestly in floor area, offering flexible options for diverse buyer profiles including first-time purchasers entering the property market, young professionals seeking their inaugural home purchase, and seasoned investors building a rental portfolio. The tight sizing also appeals to downsizers and empty nesters transitioning to lower-maintenance accommodation without sacrificing neighbourhood amenities.

Transport Connectivity and Neighbourhood Appeal

The proximity to Yishun MRT Station is a defining feature of this development's investment proposition. The North-South Line provides direct, rapid access to central business districts, major employment hubs, and educational institutions across Singapore. Commuting times to the CBD, Changi Business Park, and other key employment zones remain manageable, reinforcing the property's appeal to working-age buyers. Beyond the MRT, Yishun benefits from comprehensive bus services connecting residents to secondary nodes and feeder services linking to nearby shopping and community facilities.

Yishun itself represents a mature, well-established neighbourhood with three decades of HDB development behind it. Residents enjoy proximity to Yishun Shopping Centre, a major retail and dining hub; Khoo Teck Puat Hospital, a modern tertiary medical facility; and multiple primary and secondary schools catering to families. Parks and community spaces dot the district, including portions of the broader Yishun Park connector network. This mature ecosystem of amenities supports stable rental demand, as tenants value both connectivity and established neighbourhood character.

Investment Considerations and Rental Yield Potential

For investors, 215 Yishun Street 21 represents an accessible entry point into the HDB rental market. Compact units in mature estates near transport nodes have historically achieved consistent rental demand, particularly from young working professionals, foreign talent on employment passes, and students. Rental yields across Yishun HDB flats typically range from 3% to 5% gross, depending on unit configuration, floor level, and management condition. However, lease tenure significantly impacts yield sustainability—buyers must account for lease decay and its effect on future capital appreciation and tenant desirability as the lease term contracts.

The development's location within a three-minute walk of a major MRT interchange strengthens its rental fundamentals. Tenants actively seek properties minimising commute friction, making MRT-adjacent HDB units perennially sought-after. This consistent tenant demand underpins relatively stable rental growth over medium-term holding periods, though absolute yield figures depend on purchase price at acquisition.

Lease Tenure and Long-Term Value Dynamics

Like all HDB flats, 215 Yishun Street 21 units carry a leasehold tenure structure. The length of the lease remaining is critical to understanding future resale trajectories. HDB leases typically begin at 99 years from the flat's completion date. As lease terms diminish—particularly below 60 years—resale values compress noticeably, and banks may reduce lending ratios, constraining the buyer pool. Investors and owner-occupiers alike should evaluate the specific lease length of units they target, as this directly influences holding period returns and exit flexibility.

The Housing and Development Board's recent introduction of lease-top-up schemes for qualifying flats has provided some relief to lease decay concerns, allowing sellers of flats with remaining terms below 30 years to extend their leases. Nevertheless, leasehold dynamics remain central to HDB valuation, and prospective buyers should factor in the development's lease stage when assessing value retention and exit timing.

Buyer Profile Suitability and Financing Context

First-time homebuyers find 215 Yishun Street 21 particularly welcoming. Yishun's mature infrastructure and lower entry price points relative to central or eastern HDB clusters make the district an accessible launch pad for younger purchasers or newlyweds stepping onto the property ladder. The development's established neighbourhood reduces new-owner risk; schools, childcare, and family amenities are already embedded in the landscape rather than promised in future phases.

Upgraders transitioning from smaller units or relocating from other districts appreciate Yishun's consolidated neighbourhood feel and the accessibility of Yishun MRT Station. Investors building rental portfolios see consistent tenant demand and reasonable cash-on-cash returns, subject to lease length considerations. Even downsizers appreciate the efficient unit design and mature surroundings, offering a gentler transition than newer, less integrated estates.

From a financing perspective, HDB flats at 215 Yishun Street 21 typically attract strong bank lending support given the development's established status and MRT accessibility. Most financial institutions offer 80% to 90% loan-to-value ratios for HDB purchases, with TDSR ceilings at 55% for salaried borrowers. At the development's typical price points, a household with combined gross monthly income of S$6,000 to S$8,000 generally qualifies for meaningful borrowing headroom, making owner-occupied purchase accessible to dual-income families and established earners.

Competitive Position Within Yishun's HDB Landscape

Yishun hosts multiple HDB developments spanning the 1980s, 1990s, and 2000s construction phases. 215 Yishun Street 21 competes directly with nearby blocks in the same street cluster as well as other Yishun precincts such as Yishun Avenue, Yishun Ring Road, and adjacent streets. Newer estate clusters like Hougang and Punggol have captured upgrader demand with modern facilities and contemporary design, while more central districts like Bedok and Tampines offer tighter MRT connections and denser commercial nodes. However, 215 Yishun Street's three-minute MRT proximity and stable rental profile offset some of this peripheral disadvantage, and entry pricing remains highly competitive against newer estates farther from transport nodes.

Future District Dynamics and Pipeline Considerations

Yishun's development trajectory remains steady but mature. The broader northern corridor has seen significant new private residential supply in Punggol and secondary HDB renewal initiatives, but little greenfield HDB expansion is anticipated in Yishun proper. This relative stability in local supply, combined with consistent population density and established tenant networks, supports long-term demand for rentable HDB stock. However, buyers should remain attuned to broader Northern Region infrastructure announcements—any future transport links, commercial nodes, or major employment anchors in the north could reshape relative desirability across Yishun, Punggol, Sengkang, and adjacent districts.

For owner-occupiers and buy-to-let investors alike, 215 Yishun Street 21 remains a pragmatic choice within Singapore's HDB market, balancing affordability, connectivity, and established neighbourhood character.

Frequently Asked Questions

What estimated rental yield can investors expect from purchasing a unit at 215 Yishun Street 21?

HDB flats in Yishun located within three minutes of an MRT station typically achieve gross rental yields between 3% and 5%, depending on unit configuration, lease remaining, and tenant demand. Compact units at 215 Yishun Street 21 appeal to young professionals and students, supporting consistent tenant acquisition. However, lease decay becomes material as the lease term falls below 60 years; properties with shorter remaining leases attract lower rents and narrower tenant pools, compressing yields. Investors should verify the specific lease remaining for their target unit, as this fundamentally shapes rental growth potential over a 5–10 year holding period and influences exit flexibility at sale.

How does pricing per square foot at 215 Yishun Street 21 compare to recent HDB transactions in Yishun?

HDB pricing in Yishun generally ranges from S$800 to S$1,200 per square foot depending on unit size, floor level, lease remaining, and amenity exposure. 215 Yishun Street 21's competitive position depends on the specific lease stage of available units—flats with 70+ years remaining command higher psf multiples, while those with 50–60 years remaining trade at discounts reflecting lease decay risk. Recent completed transactions in the immediate Yishun Street precinct and adjacent clusters provide the most relevant benchmarks; properties farther from Yishun MRT Station typically trade at 10–15% discounts relative to MRT-adjacent blocks. Prospective buyers should compare unit-specific lease lengths and floor levels against recent sales data to assess whether current asking prices reflect fair value relative to the district median.

What is the Additional Buyer's Stamp Duty (ABSD) impact if I purchase 215 Yishun Street 21 as a second residential property?

Singapore Citizens purchasing a second residential property incur ABSD at 20% on the purchase price. For a unit at 215 Yishun Street 21 priced at S$400,000, the ABSD liability would be S$80,000, payable at completion. Permanent Residents face a 25% ABSD rate. This duty significantly raises acquisition costs and impacts overall return calculations for buy-to-let investors; the cash outlay must be factored into financing headroom and yield targets. Some investors offset ABSD through higher rental targeting or extended holding periods; others structure purchases through corporate entities to mitigate duty exposure, though legal and tax implications must be evaluated with professional advisors. First-time homebuyers enjoy ABSD exemption, making owner-occupied purchase substantially cheaper than investment acquisition for the same unit.

How does lease decay affect the resale value and marketability of units at 215 Yishun Street 21?

HDB lease decay is a principal valuation driver; as the remaining lease term falls below 60 years, resale prices compress sharply and the buyer pool narrows. Units with 70+ years remaining trade at premiums; those with 50–59 years remaining experience 15–25% discounts; flats below 40 years remaining face even steeper markdowns and financing rejection from conservative lenders. Banks typically cap LTV ratios on short-lease properties, constraining the accessible buyer pool. The HDB lease-top-up scheme offers relief for flats below 30 years remaining, allowing eligible owner-occupiers to extend leases by five years per grant. However, lease extension costs S$20,000–S$30,000 and requires HDB eligibility criteria to be met. For investors, purchasing units with robust lease terms (65+ years) ensures longer holding horizons and broader exit options; short-lease acquisitions require clear exit strategies and realistic expectations around capital preservation.

How does proximity to Yishun MRT Station influence demand and capital appreciation at 215 Yishun Street 21?

MRT-adjacent HDB flats command consistent tenant interest and typically outperform distant blocks in rental growth and capital appreciation. The three-minute walk to NS13 Yishun MRT Station eliminates commute friction and appeals to working-age tenants seeking efficiency; this accessibility supports stable rental yields and lower vacancy risk. Historically, HDB blocks within 300–400 metres of MRT interchanges appreciate 5–8% per annum over 10-year periods, significantly outpacing district averages. Yishun MRT Station itself serves the North-South Line, connecting residents directly to the CBD, Marina Bay, and southern growth corridors; future Northern Region transport announcements (such as enhanced cross-island links or new regional employment nodes) could amplify relative desirability. Conversely, distance from MRT is a persistent discount factor in HDB pricing; for 215 Yishun Street 21, the strong MRT proximity substantially mitigates Yishun's geographic peripherality relative to central or eastern HDB clusters.

Is 215 Yishun Street 21 suitable for high-net-worth buyers, or is it pitched at mass-market demographics?

215 Yishun Street 21 is fundamentally a mass-market HDB development; HNW buyers and affluent downsizers typically gravitate toward private residential projects or luxury HDB condominiums in central or prestige locations such as Bukit Timah, The Peak, or Pinnacle@Duxton. However, astute investors with portfolio diversification strategies may consider 215 Yishun Street 21 as a stable, yield-generating rental asset within a balanced property mix—compact units offering 3–5% gross yields and low absolute capital outlay appeal to investors seeking cash-generative staples rather than appreciation plays. HNW buyer suitability is contingent on investment intent rather than primary residence need; if the development is earmarked as core portfolio stabiliser or family estate planning vehicle (e.g., held in trust for descendants), the established neighbourhood and liquid rental market become material benefits. First-time buyers and upgraders represent the primary target; HNW participation is opportunistic and niche.

What TDSR headroom and financing capacity should I anticipate when buying at 215 Yishun Street 21?

HDB flats at 215 Yishun Street 21 typically transact in the S$350,000–S$500,000 range depending on unit size and lease remaining. At these price points, banks offer 80–90% LTV financing with TDSR limits of 55% for salaried employees and 30–35% for self-employed borrowers. A household with combined gross monthly income of S$7,000 can service approximately S$350,000 in mortgage debt (at 2.5% prevailing interest rates, 25-year tenure), leaving meaningful headroom for other obligations. However, ABSD liability (20% for second-property buyers) must be funded separately, raising total cash requirement. First-time buyers benefit from lower ABSD, improving financing accessibility. Borrowers with irregular income, outstanding loans, or credit utilisation above 60% face tighter margins; pre-approval conversations with lenders are essential. HDB loan packages specifically tailored to this price segment and lease profile typically carry competitive rates; CPF utilisation for both principal and interest also enhances borrowing capacity for eligible Singaporeans.

How does 215 Yishun Street 21 compare to competing HDB developments in Yishun and neighbouring districts?

Yishun hosts multiple HDB clusters spanning decades—blocks along Yishun Avenue, Yishun Ring Road, and Yishun Street precincts offer similar density and similar MRT distances, though lease ages vary significantly. Newer additions like Punggol HDB (2010s onwards) feature contemporary facilities and tighter bus/MRT integration, attracting upgraders willing to pay premiums for modern finishes and fresh leases. 215 Yishun Street 21, as a mid-era development, trades at discounts to Punggol but at parity or modest premiums to older Yishun blocks given established maturity. Hougang and Seng Kang HDB clusters offer similar price points but greater distance from MRT stations; Bedok and Tampines command 10–20% premiums due to tighter CBD proximity and denser commercial nodes. For buy-to-let investors, 215 Yishun Street 21 offers an optimal balance—lower acquisition cost than Bedok/Tampines, established rental demand, and MRT accessibility without the price premium of newer estates. Owner-occupiers must weigh neighbourhood maturity (a strength) against architectural age and facility refresh cycles (a consideration).

Which unit stacks or floor levels at 215 Yishun Street 21 offer the best value and tenant appeal?

Mid-tier floors (4th–8th storeys) at 215 Yishun Street 21 typically offer optimal value; they command modest premiums over ground and lower floors (which face traffic noise and reduced privacy) whilst avoiding the top-floor heat retention and pump-up water costs. North-facing units benefit from afternoon shade in equatorial Yishun; south-facing exposures attract morning light but generate higher cooling costs—tenant preference varies. Units with minimal structural obstructions and clear sightlines to communal spaces (parks, sports courts) appeal more strongly to rental tenants than blocked or outward-facing units with limited visual interest. Ground-floor units, though noisier, appeal to families with young children, mobility concerns, or specific tenancy needs; their discount relative to mid-tier floors (typically 8–12%) can be arbitraged if tenant profile aligns. Corner units command modest premiums (3–5%) for cross-ventilation and less-frequent neighbour noise exposure. For investment purposes, balancing acquisition cost against tenant pool size suggests mid-tier floors with open sightlines provide superior risk-adjusted returns over extended holding periods.

What future supply pipeline exists in the Yishun district, and how might it affect 215 Yishun Street 21's long-term value?

Yishun's development pipeline is relatively constrained; most greenfield HDB expansion in the Northern Region has shifted to Punggol and Seng Kang satellite towns with larger available land parcels. Urban renewal initiatives (e.g., selective site redevelopment or major estate refreshes) may occur in Yishun over 15–20 year horizons, but wholesale new precinct creation is unlikely given mature neighbourhood consolidation. The broader Northern Corridor strategy emphasises Punggol as a strategic growth node, potentially drawing upgrader migration away from older Yishun estates over the medium term. However, this supply shift supports 215 Yishun Street 21's rental market; as upgraders graduate to newer Punggol and private launches, HDB rental demand intensifies—first-time buyers and young professionals remain anchored to Yishun HDB stock, maintaining tenant consistency. Any major transport announcements (e.g., new MRT lines or bus rapid transit corridors) could reshape relative locational value across the north; conversely, the absence of transformative infrastructure projects suggests Yishun will remain a stable, mature rental neighbourhood rather than an appreciation frontier. Long-term investors should factor modest capital growth (2–4% annualised) rather than dramatic appreciation, anchoring expectations to rental yield and lease-adjusted hold periods.

Hdb Flat At 215 Yishun Street 21 — From S$800