Type

Units

Min Area

Price Range

Other

118 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 8 min (630 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?

Send a quick enquiry our Singapore Property team will reach out within 24 hours.

216 Yishun Street 21: HDB Living in Established Yishun

216 Yishun Street 21 represents a residential opportunity within Yishun, one of Singapore's most established housing estates. Situated in the Yishun Planning Area, this HDB property sits within a mature neighbourhood characterised by strong community infrastructure and convenient access to essential amenities. The estate has evolved over decades into a vibrant residential hub, with this particular address offering practical accommodation for buyers seeking urban living within a well-established setting.

The development's greatest asset lies in its proximity to Yishun MRT Station on the North-South Line. Located just eight minutes away on foot—approximately 630 metres—the property provides straightforward commuting to the city centre, business districts, and other key destinations across Singapore's rail network. This accessibility makes the address particularly appealing to working professionals and families who prioritise easy transport links. The North-South Line itself serves as one of Singapore's oldest and busiest routes, connecting major employment centres and residential zones throughout the island.

Location and Neighbourhood Context

Yishun has established itself as a destination for diverse buyer profiles over its long history as a public housing estate. The neighbourhood combines residential tranquility with urban convenience, featuring a mix of retail establishments, food courts, and healthcare facilities within walking distance. The nearby Yishun Shopping Centre and Yishun Community Club form anchors of neighbourhood life, whilst local schools and polyclinics serve the residential population. For those valuing mature estates with settled communities and established social infrastructure, Yishun presents a compelling proposition.

The area's development trajectory reflects Singapore's long-term housing strategy. As an older estate, Yishun has benefited from successive rounds of upgrading and maintenance, including the Housing and Development Board's ongoing efforts to refresh public housing precincts. This means residents enjoy the stability and character of an established neighbourhood alongside gradual improvements to common areas and essential services. The sense of community here is notably strong, with multi-generational families and long-term residents forming the social fabric of the estate.

Property Type and Housing Market Position

As an HDB flat, this property occupies a unique position within Singapore's residential market. HDB housing represents the nation's public housing programme, with approximately 80% of Singapore's population residing in HDB units. The affordability and accessibility of HDB properties have made them the primary pathway to homeownership for the vast majority of Singaporeans. For investors and owner-occupiers alike, HDB flats provide exposure to the core housing market where transaction volumes remain robust and buyer demand consistently strong.

HDB properties operate under specific regulatory frameworks set by the Housing and Development Board, which differs from private residential transactions. These regulations include eligibility criteria for purchase, restrictions on foreign ownership, and requirements around minimum occupancy periods before resale. For Singapore Citizens, the HDB market remains accessible and straightforward, with transparent pricing and established valuation methodologies understood across the market. The standardisation of HDB transactions means buyers can readily compare units across estates and make informed decisions based on location, condition, and pricing relative to recent comparable sales.

Investment and Ownership Considerations

Investors evaluating this property should consider the rental yield potential within Yishun's established residential market. HDB flats typically command steady tenant demand from workers and families seeking affordable accommodation near transport nodes. The proximity to Yishun MRT Station enhances the rental appeal, as prospective tenants prioritise properties with convenient commuting access. Rental yields on HDB properties generally range between 2% to 4% depending on location, unit configuration, and prevailing market rates—with well-positioned properties in accessible locations commanding premium rental rates.

For owner-occupiers, this property serves the needs of upgraders moving from smaller units or first-time buyers entering the housing market. Yishun's maturity as an estate means community services are well-developed, making it suitable for families seeking stability and established neighbourhood character. The moderate pricing structure of HDB properties in mature estates like Yishun creates entry points for buyers with varying financial capacity, expanding the potential ownership base and supporting long-term demand.

Financing and Market Dynamics

Prospective buyers should factor in the Total Debt Servicing Ratio (TDSR) requirements when considering this property. TDSR limits total monthly debt servicing to 60% of gross monthly income, a threshold administered by the Monetary Authority of Singapore to ensure responsible lending. For properties at prevailing HDB price points in Yishun, typical financing scenarios see buyers making downpayments and securing mortgages within this TDSR framework. Additionally, buyers purchasing a second residential property must account for Additional Buyer's Stamp Duty (ABSD) at 20% of the purchase price—a significant cost consideration for investors acquiring multiple properties.

The HDB resale market demonstrates resilience across economic cycles, reflecting the fundamental need for housing and the limited supply of public housing units. Yishun, being a mature estate with established transport connectivity, has historically seen stable demand and pricing. As leasehold property, units here will experience gradual lease decay over time, which affects resale value as the lease term diminishes. However, the Housing and Development Board has implemented lease extension programmes allowing leaseholders to extend their leases, partially mitigating this long-term concern.

Transport Connectivity and Capital Appreciation

The presence of Yishun MRT Station within eight minutes' walking distance significantly enhances both the immediate utility and long-term appreciation potential of properties in this locale. MRT-proximate housing consistently outperforms properties further from stations in terms of capital appreciation and rental demand. The North-South Line's status as Singapore's oldest and busiest rapid transit corridor ensures sustained transport demand, supporting property values over multi-year horizons. For buyers prioritising accessibility and future-proofing their investment against transport-related depreciation risk, proximity to Yishun MRT represents a compelling attribute.

Beyond the immediate station catchment, Yishun benefits from comprehensive bus connectivity, serving residents who prefer road-based transport or require last-mile connections to destinations not served by the MRT. This multimodal transport ecosystem reinforces the estate's appeal across different demographic groups and use cases. The established nature of the Yishun neighbourhood means transport infrastructure has been optimised through years of operational experience, delivering reliable commuting outcomes for residents.

Comparative Market Position

When evaluating this property, prospective buyers should benchmark pricing and value against comparable HDB sales within Yishun and neighbouring areas. Recent transaction data for similar HDB units provides context for understanding whether asking prices represent fair value or opportunity. The HDB's published transaction records offer transparent price benchmarks, allowing buyers to assess whether this address commands a premium relative to other Yishun properties or represents value within the current market. Proximity to Yishun MRT, unit condition, and floor level typically drive price variation within the estate.

Neighbouring estates including Ang Mo Kio, Sembawang, and Canberra offer competitive alternatives for buyers seeking MRT-accessible HDB housing in northern Singapore. Comparative analysis across these estates reveals how pricing and amenity offerings differ, helping buyers contextualise the value proposition of this specific address. Some neighbouring estates may offer newer infrastructure or different transport profiles, whilst Yishun's maturity and established community character appeal strongly to particular buyer segments.

Future Market Outlook

The supply pipeline in the North-East region shapes long-term demand dynamics for existing estates like Yishun. The Housing and Development Board's Build-to-Order (BTO) programme periodically releases new units in this district, though Yishun's maturity means new BTO supply focuses on neighbouring precincts. This supply distribution supports steady but not excessive demand pressure on existing Yishun units, maintaining price stability. Buyers seeking established estates with settled communities benefit from Yishun's position as a completed, mature housing area with proven community infrastructure.

Property acquisition at 216 Yishun Street 21 positions buyers within a resilient, transport-accessible neighbourhood that balances affordability with convenience. The HDB market's fundamental soundness, driven by persistent housing demand and limited supply, underpins the long-term investment thesis for public housing. For owner-occupiers prioritising stable, convenient residential living, and for investors seeking stable rental yields within the core housing market, this development merits serious consideration within a comprehensive property strategy.

Frequently Asked Questions

What rental yield can investors expect from purchasing an HDB flat at 216 Yishun Street 21?

HDB properties in established estates like Yishun typically generate rental yields ranging from 2% to 4%, depending on unit configuration, location within the estate, and prevailing market rental rates. Properties positioned near MRT stations command premium rental appeal, as tenants prioritise commuting convenience; units at 216 Yishun Street 21 benefit from proximity to Yishun MRT Station, potentially supporting rental rates at the higher end of this range. Investors should factor in HDB's regulations regarding rental tenancy periods and obtain the necessary Board approval before letting their units, as these requirements affect the practical investment timeline and administrative burden.

How does the price per square foot at 216 Yishun Street 21 compare to recent HDB sales in Yishun?

Benchmark pricing for HDB flats in Yishun requires reference to recent transaction data published by the Housing and Development Board, which provides transparent records of completed sales within the estate. Yishun, as a mature estate with established infrastructure, typically sees pricing that reflects location within the North-East region and proximity to the MRT network. Buyers should cross-reference asking prices against at least 10 recent comparable transactions within Yishun itself, adjusting for differences in floor level, unit condition, and facing direction, to determine whether this address represents fair value or a premium relative to the current market. The HDB's official transaction information portal offers the most reliable benchmark data for such comparisons.

What is the Additional Buyer's Stamp Duty impact if I purchase this HDB flat as a second residential property?

Singapore Citizens purchasing a second residential property face Additional Buyer's Stamp Duty (ABSD) at 20% of the purchase price, a substantial cost that must be factored into the total acquisition expense. For an HDB flat at prevailing Yishun price points, this 20% ABSD represents a significant outlay above the base purchase price, impacting the overall investment return and financing requirements. Permanent Residents and foreign buyers face higher ABSD rates; conversely, first-time property buyers enjoy ABSD exemption on their first residential purchase. Prospective investors should engage a conveyancing specialist to model the exact ABSD liability based on their personal circumstances and purchase price, ensuring full transparency around total acquisition costs before proceeding.

How does lease decay affect the long-term resale value and financing of this HDB flat?

HDB flats, as leasehold properties, experience gradual lease decay as the remaining lease term diminishes over time. As leases approach 30 years remaining, banks may reduce loan-to-value ratios or increase interest rates, constraining financing options for future buyers and potentially depressing resale values. However, the Housing and Development Board offers lease extension programmes allowing leaseholders to extend their leases before reaching critical thresholds, partially mitigating this concern; the Board has demonstrated willingness to extend leases, providing relief for property holders concerned about long-term lease decay. Buyers should confirm the current lease remaining on this specific unit and understand the Board's lease extension policies, as these mechanisms significantly influence the property's long-term holding value and exit optionality for future owners.

Why does proximity to Yishun MRT Station enhance capital appreciation potential for this property?

MRT-proximate properties consistently outperform comparable units further from stations across capital appreciation metrics and rental demand, a pattern observed consistently throughout Singapore's property market over multiple economic cycles. Yishun MRT Station, serving the North-South Line—Singapore's oldest and busiest rapid transit corridor—ensures sustained transport demand, providing stable underpinnings for property values over extended time horizons. Properties within eight minutes' walking distance benefit from enhanced commuting convenience, reduced transport costs for occupants, and broader appeal across demographic groups seeking accessible urban living; this accessibility supports both owner-occupier demand and investor interest in rental yields, jointly supporting long-term price appreciation.

Is this HDB flat suitable for first-time buyers, upgraders, or investors, and how do needs differ?

This property appeals across multiple buyer profiles with different priorities: first-time buyers benefit from HDB's affordability and accessible financing, establishing a foothold in homeownership within a mature, stable community; upgraders moving from smaller units or rental accommodation find Yishun's established amenities and transport access attractive, supporting transition to owner-occupancy; and investors targeting stable rental yields appreciate HDB's strong tenant demand and transparent pricing frameworks that support investment decision-making. Each profile should prioritise different factors—first-timers focus on affordability and community stability, upgraders emphasise location accessibility and amenity proximity, whilst investors stress rental yield potential and long-term capital appreciation. This address, positioned in a mature MRT-accessible estate, accommodates all three profiles effectively, though each should model their specific financial and lifestyle requirements against the property's characteristics.

What TDSR limits and financing headroom should I expect when mortgaging an HDB flat at this price point?

The Total Debt Servicing Ratio (TDSR) limits total monthly debt obligations to 60% of gross monthly income under Monetary Authority of Singapore regulations, constraining the maximum mortgage amount borrowers can access. For HDB properties at prevailing Yishun price points, typical scenarios see buyers utilising 75% to 80% loan-to-value mortgages with downpayments of 20% to 25%, balancing affordability with debt servicing constraints. Prospective buyers should engage banks offering HDB mortgages to model their specific financing scenarios based on personal income, existing debt obligations, and purchase price, ensuring they understand available headroom and monthly servicing costs before committing to acquisition. The simplified, standardised nature of HDB valuation means financing terms remain transparent and relatively consistent across lenders, supporting straightforward comparison.

How do nearby competing developments in Ang Mo Kio and Sembawang compare to 216 Yishun Street 21?

Neighbouring estates including Ang Mo Kio, Sembawang, and Canberra offer alternative HDB options within the North-East region, each with distinct characteristics affecting buyer appeal. Ang Mo Kio, slightly further south, benefits from well-developed commercial precincts and established amenities, potentially commanding modest price premiums; Sembawang, to the north, offers newer BTO stock in certain precincts alongside mature housing areas; Canberra provides mid-range positioning with reasonable accessibility. Comparative pricing analysis should examine recent transaction data across these neighbouring estates, adjusting for MRT proximity, unit condition, and floor levels, to contextualise the value proposition of this Yishun address. Yishun's proximity to Yishun MRT and its mature, settled community character may appeal more strongly than alternatives depending on buyer priorities around community stability versus newer infrastructure.

Which unit stack or floor level typically offers the best value at 216 Yishun Street 21?

Within HDB estates, pricing typically varies by floor level, with lower-level units facing higher noise exposure and dust from street-level activity, whilst mid-to-upper levels command premiums for reduced noise and superior views. Middle floors—typically levels 4 through 15 in standard HDB blocks—offer optimal value equilibrium, providing adequate distance from ground-level disturbance whilst avoiding the premium pricing applied to high-level units with views. Prospective buyers should inspect units across multiple floor levels within this block to assess personal preferences around noise, light, and privacy, recognising that perceived value differs across individuals. Engagement with recent comparable sales at specific floor levels within the building provides quantified pricing data supporting value assessment; some buyers prioritise lower-level units overlooking neighbourhood greenery, whilst others favour upper-level units providing distance from street activity, with pricing reflecting these differential preferences.

What future supply pipeline developments in the North-East region affect long-term demand for existing Yishun properties?

The Housing and Development Board's Build-to-Order programme periodically releases new HDB units in the North-East region, with recent launches concentrated in newer precincts rather than mature estates like Yishun. This supply distribution sustains steady—but not excessive—demand pressure on existing Yishun units, supporting price stability without the dramatic appreciation potential of supply-constrained areas. Prospective buyers should monitor HDB's public housing pipeline announcements to understand how new supply launches in neighbouring precincts might influence demand for existing Yishun properties; generally, new supply in adjacent areas relieves demand pressure from existing mature estates, supporting predictable, stable pricing rather than speculative appreciation. For buyers prioritising stability and long-term holding across market cycles, this supply dynamic favours established estates like Yishun over newer developments facing potential supply-driven price moderation.

[For Rent] Hdb Flat At 216 Yishun Street 21 — From S$800