Type

Units

Min Area

Price Range

Other

70 sqft

S$400/mo – S$800/mo

Property Highlights

HDB development with 2 units currently available.
Prices currently range from S$400 to S$800.
For Singaporean second property buyers, ABSD applies at 20% of the purchase price, approximately S$80 on this acquisition.
Located 5 min (400 m) from NE16 Sengkang 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.

215A Compassvale Drive: A Sengkang HDB Residence Within Walking Distance of NE16

215A Compassvale Drive stands as an established residential address in the Sengkang precinct, a district known for its blend of mature infrastructure and consistent property market activity. Situated just 400 metres from Sengkang MRT Station on the North-East Line (NE16), this development benefits from one of Singapore's key transport arterials, facilitating seamless connectivity across the island for residents and commuters alike.

The property occupies a neighbourhood characterised by stable residential demand and a well-developed community fabric. Sengkang has matured into a self-contained township offering residents access to diverse shopping options, food establishments, and essential services within the immediate vicinity. The proximity to NE16 Sengkang Station means that residents enjoy direct rail links to the city core, reducing travel time and enhancing the appeal of the location for working professionals and families seeking balance between suburban living and urban accessibility.

Location and Transport Connectivity

The five-minute walk to Sengkang MRT Station represents a significant advantage for this development's market positioning. The North-East Line itself serves as a major transport spine, connecting residential estates in the north-east to the central business district and beyond. This accessibility makes 215A Compassvale Drive particularly suitable for commuters whose workplaces cluster around the city core or along secondary nodes served by the MRT network.

Beyond the MRT, the Sengkang estate benefits from a comprehensive bus network and road infrastructure that supports vehicular movement. Residents with family vehicles find the location well-served by major expressways, whilst those relying on public transport experience the convenience of frequent MRT and bus services. This multi-modal transport framework underpins both day-to-day residential utility and longer-term property appreciation potential tied to transport accessibility.

HDB Property in a Mature Sengkang Setting

As an HDB flat in an established estate, 215A Compassvale Drive reflects the characteristics of Singapore's public housing market. HDB properties in mature estates like Sengkang typically demonstrate stable transaction patterns and consistent rental demand, as they serve a broad demographic spectrum ranging from first-time buyers to seasoned investors. The development's location within a neighbourhood already decades into its lifecycle means that surrounding amenities, transport links, and community services are fully established, reducing uncertainty around future development of the precinct.

The flat itself, at 70 square feet, represents a compact residential footprint typical of Singapore's efficient HDB typologies. Whilst space is economical, the strategic location compensates for floor area by offering residents immediate access to neighbourhood facilities without requiring lengthy commutes. Such compactness, when paired with transport proximity, often appeals to professionals, couples without dependants, and investors seeking efficient asset management.

Investment and Rental Considerations

From an investment perspective, HDB properties at 215A Compassvale Drive present exposure to both rental income and capital appreciation tied to the Sengkang estate cycle. The development's maturity and MRT proximity typically sustain steady rental demand, attracting tenants across various life stages. Rental yields for HDB flats in this location depend on purchase price and prevailing market rents, with the neighbourhood's established character and transport accessibility generally supporting competitive rental metrics relative to newer peripheral estates.

Second-property buyers should be aware that Additional Buyer's Stamp Duty (ABSD) at 20% applies to residential property purchases by Singapore Citizens acquiring a second home. This significantly affects the effective acquisition cost and investment return profile. Purchasers must factor this duty into their financial planning and ensure it does not exceed their overall investment budget or financing capacity.

Lease Tenure and Long-Term Ownership

HDB flats are typically held on a 99-year leasehold basis. The lease tenure of 215A Compassvale Drive will determine its long-term resale value trajectory, particularly as the lease shortens. Properties with substantially worn leases may face reduced marketability and financing difficulty, as many lenders impose stricter conditions on shorter-lease assets. Prospective purchasers should verify the remaining lease period at the point of acquisition and model how lease decay might impact the property's future saleability and value, particularly if holding the asset for multiple decades.

Market Positioning and Comparable Properties

The Sengkang area hosts numerous HDB developments and private residential projects, creating a competitive local market. Transactions in the immediate vicinity provide reference points for pricing and value assessment. Properties with similar floor areas, lease tenures, and MRT proximity typically trade within an established price band, though specific transactional data should be verified through recent sales records and professional appraisals. The development's standing within this local ecosystem reflects both its intrinsic attributes and broader market sentiment toward the Sengkang corridor at any given time.

Suitability for Different Buyer Profiles

First-time buyers often find HDB flats in mature, well-served locations such as Sengkang to be accessible entry points into homeownership, offering affordability and proven transport connectivity without the premium pricing of private condominiums. Upgraders seeking to right-size their current accommodation may view a compact flat here as a stepping stone or downsizing option, particularly if they value MRT proximity and established neighbourhood character. Investors pursuing rental-yield strategies benefit from steady tenant demand in transport-accessible HDB estates, though they must reconcile acquisition costs—including ABSD for second-property purchases—against achievable rental returns. Affluent buyers typically gravitate toward private developments or larger HDB units, though some may acquire HDB flats for diversification or specific lifestyle preferences.

Financing and Affordability

HDB flats generally support financing through HDB loans or mortgage facilities from approved financial institutions. Mortgage eligibility depends on loan-to-value ratios, debt-servicing capacity, and individual credit profiles. The Total Debt Servicing Ratio (TDSR) framework, which caps borrowings at 60% of gross monthly income, applies to residential property loans and affects how much an individual can borrow relative to their income. Purchasers at various price points within the development's range should assess their financing headroom carefully, factoring in the 20% ABSD obligation if applicable, to ensure sustainable ownership and avoid over-leverage.

Market Dynamics and Supply Outlook

The Sengkang estate has been a fixture of Singapore's housing landscape for decades, with the North-East Line infrastructure supporting its growth trajectory. New supply in the form of Housing Development Board Build-to-Order (BTO) projects and private developments continues to emerge across the wider north-east region. However, the established character and MRT-proximate location of 215A Compassvale Drive provide enduring appeal that should weather increased supply in surrounding precincts. Long-term demand drivers—ageing demographics favouring MRT-accessible estates, limited freehold or long-lease availability in mature areas, and consistent in-migration to established towns—suggest continued relevance for this development's positioning within Singapore's residential market.

Prospective buyers and investors should view 215A Compassvale Drive within the context of their individual financial capacity, investment horizon, and lifestyle preferences. The property's merits lie in its mature neighbourhood setting, direct MRT accessibility, and position within a proven residential market. Due diligence on lease tenure, recent transaction comparables, and personal financing readiness remains essential before proceeding with acquisition.

Frequently Asked Questions

What is the estimated rental yield if I purchase a flat at 215A Compassvale Drive as an investment property?

Rental yield depends on the purchase price and achievable monthly rent for the specific unit. HDB flats in transport-accessible locations like Sengkang typically command steady rental demand from tenants across various income brackets and life stages. To estimate yield, calculate annual rental income as a percentage of total acquisition cost, remembering to include the 20% ABSD if you are a Singapore Citizen buying a second property. Local comparable lettings and recent market data should be consulted to project realistic rental levels; generally, yields in this area range from 3% to 5% annually, though this varies with lease tenure, floor area, and market cycles. Engage a property manager or research rental databases to establish realistic income projections before finalising your investment decision.

How does the price per square foot at 215A Compassvale Drive compare to recent HDB transactions in Sengkang?

Comparing price per square foot requires analysis of recent sales data within the immediate Sengkang precinct, particularly properties with similar lease tenures, unit sizes, and MRT proximity. HDB flats in mature, well-connected areas typically trade within an established price band that reflects both land scarcity and transport value. Property transaction records and valuation reports from licensed appraisers provide the most reliable benchmarks. The 400-metre proximity to NE16 Sengkang Station is a material value driver; properties within a five-minute walk of MRT stations generally command a premium relative to those in less accessible parts of the estate. To assess whether the current asking price represents fair value, obtain recent comparable sales data from official HDB records or professional valuations.

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

As a Singapore Citizen acquiring a second residential property, you are liable for ABSD at the rate of 20%. This is calculated on the purchase price and must be paid to the Inland Revenue Authority of Singapore (IRAS) upon completion of the property transaction. For example, if the acquisition price is S$300,000, the ABSD payable would be S$60,000, significantly raising the total acquisition cost beyond the base purchase price. This duty materially impacts your effective investment cost and return profile; it must be factored into your financial planning before entering into any sale and purchase agreement. First-time property buyers are exempt from ABSD, but subsequent residential purchases by the same citizen incur this duty. Consult a property lawyer or tax advisor to understand the exact ABSD implications for your specific circumstances.

What is the remaining lease tenure at 215A Compassvale Drive, and how will lease decay affect resale value?

HDB flats are typically granted 99-year leasehold tenures from the date of completion. The remaining lease period directly influences resale value, marketability, and financing eligibility; as the lease shortens, lenders become more cautious and buyers face reduced financing options and lower valuations. Properties with leases below 60 years may struggle to attract financing and command significant discounts relative to longer-lease equivalents. You should verify the exact remaining lease tenure for 215A Compassvale Drive at the point of purchase and model how lease decay will affect the property's value over your intended holding period. Properties with 70+ years remaining typically maintain good market liquidity; those approaching the 60-year threshold may experience accelerated value depreciation. For long-term ownership or inheritance planning, lease tenure is a critical consideration that merits professional appraisal.

How does proximity to Sengkang MRT Station (NE16) affect demand and capital appreciation for properties at this address?

MRT accessibility is one of the most significant long-term value drivers for residential property in Singapore. The five-minute walk to NE16 Sengkang Station positions 215A Compassvale Drive within a premium accessibility tier, supporting both rental demand from tenants and buyer interest across the market cycle. Properties within 400–500 metres of MRT stations typically exhibit greater price stability and capital appreciation potential than those in less accessible areas, as transport proximity is inelastic—it does not deteriorate over time and becomes increasingly valuable as congestion rises and urban densities increase. The North-East Line's role as a key transport spine serving the city core enhances the value proposition further. Long-term, this MRT proximity should underpin resilient demand for the development, supporting both owner-occupancy and investment acquisition. Any proposed changes to public transport infrastructure (such as new rail lines or station closures) could alter this calculus; monitor transport planning announcements accordingly.

Is 215A Compassvale Drive suitable for first-time property buyers, upgraders, investors, or specific buyer profiles?

The development appeals to multiple buyer profiles with different priorities. First-time buyers often find HDB flats in established, MRT-accessible locations like Sengkang to be affordable entry points into homeownership, offering stable neighbourhoods and proven transport connectivity without the premium pricing of private developments. Upgraders may view a compact flat here as a downsizing opportunity if they wish to move from larger units or different locations, particularly if they value the mature estate character and MRT proximity. Investors seeking rental-yield strategies benefit from steady tenant demand for HDB flats in transport-accessible areas, though they must manage the 20% ABSD cost for second-property acquisitions and reconcile it against achievable rents. Affluent buyers (high-net-worth individuals) typically gravitate toward private condominiums or larger HDB units in prime locations, though some may acquire HDB flats for portfolio diversification or specific lifestyle reasons. Your suitability depends on your income, investment horizon, financing capacity, and personal preferences; professional advice is recommended.

What TDSR and financing headroom should I expect at typical price points for flats at this development?

The Total Debt Servicing Ratio (TDSR) framework caps your total monthly debt obligations (including the new mortgage, car loans, credit cards, and other liabilities) at 60% of your gross monthly income. Approved financial institutions apply this test before releasing mortgage funds. If a flat at 215A Compassvale Drive is priced at, for example, S$300,000, and you can secure a loan-to-value ratio of 75% (S$225,000), your monthly mortgage instalment at prevailing interest rates would typically be around S$1,200–S$1,400, depending on loan tenor and rate. To meet TDSR, you would need a gross monthly income of at least S$2,200–S$2,400 to accommodate this mortgage alongside other existing debts. If you are a second-property buyer, factor the 20% ABSD (S$60,000 in this example) into your cash-on-hand requirement, reducing your available down-payment capacity. Use a mortgage calculator and consult your lender to establish precise financing headroom based on your income and existing obligations before submitting an offer.

How does 215A Compassvale Drive compare to nearby competing HDB developments or private projects in the Sengkang area?

The Sengkang estate hosts numerous HDB developments and private residential projects, each offering distinct amenities, floor plans, lease tenures, and price points. Competing HDB flats in the same neighbourhood may differ in age, unit configuration, lift accessibility, and proximity to local amenities; these factors influence pricing relative to 215A Compassvale Drive. Private condominiums in the area typically command premium pricing in exchange for enhanced facilities, architectural quality, and landlord services but often attract a different buyer demographic. Recent sales data from comparable properties—matched by lease tenure, unit size, floor level, and MRT distance—provide the most accurate basis for assessing relative value. Established developments with strong transaction history and proven rental demand generally outperform newer or more remote alternatives. Conduct a side-by-side comparison of recent transactions across the precinct to determine whether 215A Compassvale Drive offers better value than alternatives at similar price points.

What is the best unit stack or floor level at 215A Compassvale Drive for long-term value and suitability?

Floor level and unit orientation influence both lifestyle factors (natural light, ventilation, noise exposure) and resale value. Lower floors (1–5) typically command discounts relative to mid- to upper-level units, as they may suffer from reduced natural light, higher noise exposure from street-level activities, and perceived security or privacy concerns; however, they avoid lift dependency for elderly residents or those with mobility challenges. Mid-range floors (5–15) often represent optimal value, balancing natural light, privacy, and lift accessibility whilst typically commanding lower prices than premium upper floors. Upper floors (15+) attract premium pricing due to views, reduced noise, and prestige, but they may command higher prices that do not always translate into proportional rental premiums. For investment purposes, mid-range floors often deliver better yield relative to acquisition cost; for owner-occupation, personal preferences regarding light, view, and noise tolerance should guide your choice. Inspect multiple floor levels before deciding, and cross-reference recent sales data by floor to understand market pricing patterns.

What is the future supply pipeline in the Sengkang district, and how might it affect the long-term value of 215A Compassvale Drive?

The Sengkang area continues to see new residential supply through Housing Development Board Build-to-Order (BTO) projects and private developments as the wider north-east region undergoes incremental growth and densification. New supply can exert downward pressure on prices in competing developments, particularly those perceived as less desirable or further from MRT stations. However, 215A Compassvale Drive's established character, direct MRT accessibility, and mature neighbourhood amenities position it to weather increased supply pressure better than peripheral or newer precincts. Long-term demand drivers—including Singapore's ageing population (favouring mature, MRT-accessible estates), limited freehold or long-lease availability, and consistent in-migration to established towns—suggest sustained relevance. Monitor Housing Development Board plans and private development pipelines in the north-east corridor to stay informed about supply dynamics. The property's value resilience ultimately depends on the balance between new supply growth and underlying demographic demand; established, transport-proximate locations like this development have historically demonstrated greater durability than less accessible alternatives.

Hdb Flat At Compassvale Drive — From S$400