Type

Units

Min Area

Price Range

3 BR

1177 sqft

S$4,200/mo

Property Highlights

HDB development with 1 unit currently available.
Prices currently start from S$4,200.
For Singaporean second property buyers, ABSD applies at 20% of the purchase price, approximately S$840 on this acquisition.
Located 5 min (440 m) from EW3 Simei 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.

230 Simei Street: An Established HDB Development in Singapore's East Coast

Located on Simei Street in Singapore's vibrant East Coast district, 230 Simei Street represents a mature and well-established public housing development that continues to attract families, upgraders, and investors alike. This HDB estate offers practical, spacious living in a neighbourhood characterised by strong infrastructure, reliable transport links, and a steady demand for residential property. The development has long been favoured by those seeking a balance between affordability and accessibility, with units ranging across multiple bedroom configurations to suit diverse household profiles.

The most compelling advantage of this location is its exceptional proximity to Simei MRT Station on the East West Line. Situated merely 440 metres away—roughly a 5-minute walk—the development enjoys direct connectivity to Singapore's wider public transport network. This short commute distance significantly enhances the appeal of the estate for working professionals, ensuring easy access to major employment hubs across the island. The presence of such a well-serviced transport node naturally influences both capital values and rental demand, making the development particularly attractive to those prioritising convenience and reduced travel time.

Transport and Connectivity Benefits

The East West Line connection at Simei MRT Station provides residents with seamless access to key destinations across Singapore. Commuters can reach the business district, shopping centres, and educational institutions with minimal friction, making this development especially suitable for busy households that value time efficiency. The reliability of the MRT system also supports consistent demand for units in the area, as transport stability directly correlates with long-term property appreciation and rental yield stability. Neighbouring amenities, including shopping facilities, hawker centres, and community services, cluster naturally around such transport nodes, creating an ecosystem that sustains property values even as market conditions fluctuate.

Unit Configuration and Space Standards

Units at 230 Simei Street typically feature 3-bedroom and 2-bathroom configurations, delivering approximately 1,177 square feet of floor area. This generous space allocation reflects the practical design philosophy of HDB developments, where every square foot is optimised for family living and daily functionality. The size is particularly appealing to upgraders moving from smaller homes or young families seeking their first substantial residential space. With two separate bathrooms and distinct living zones, the layout accommodates multiple occupants comfortably, reducing friction in shared living arrangements and supporting long-term tenant satisfaction for those purchasing as an investment asset.

Investment Potential and Rental Yield Considerations

For investors evaluating 230 Simei Street as a portfolio addition, the development's location near a major MRT station and its standing as an established HDB estate present compelling fundamentals. Rental demand in mature East Coast neighbourhoods remains consistent, driven by working professionals and expatriates seeking short-term and medium-term accommodation. The proximity to transport, combined with the spacious unit configurations, typically supports monthly rental rates that generate competitive yields compared to other HDB developments in the district. Investors should assess current market rental rates against acquisition costs to model potential returns, whilst also factoring in the longer-term appreciation potential linked to transport infrastructure and ongoing estate rejuvenation initiatives.

Market Position Within East Coast HDB Sector

The East Coast district has evolved into one of Singapore's most desirable residential neighbourhoods, characterised by mature estate planning, well-maintained common areas, and strong community infrastructure. 230 Simei Street sits within this established context, benefiting from decades of proven demand stability and infrastructure investment. Unlike younger, outer-rim developments still ramping up facilities and services, this estate offers the security of a fully mature neighbourhood with proven, consistent buyer and renter interest. This maturity also means that comparative transaction data and rental precedents are abundant, allowing potential purchasers and investors to conduct thorough due diligence based on solid historical evidence rather than speculative projections.

Suitability for Different Buyer Profiles

First-time homebuyers appreciate the combination of affordability, space, and transport convenience that 230 Simei Street delivers. For those stepping into property ownership for the first time, the proximity to Simei MRT and the established nature of the neighbourhood reduce perceived risk, whilst the spacious unit layouts provide excellent value per square foot. Upgraders transitioning from smaller homes find the additional space and bedroom configuration ideal for growing families or those seeking enhanced comfort. High-net-worth individuals and sophisticated investors view the development through a capital efficiency lens—analysing rental yield, appreciation potential, and portfolio diversification benefits. The diversity of buyer archetypes attracted to the location naturally supports sustained demand across market cycles, benefiting both owner-occupiers and investment purchasers.

Financing and TDSR Considerations

Prospective buyers should engage with their mortgage advisors to understand financing headroom at current market prices. HDB purchases typically enjoy preferential lending terms compared to private property acquisitions, and the established nature of this development supports straightforward valuation and appraisal processes. Total Debt Servicing Ratio (TDSR) calculations will depend on individual income profiles and existing debt commitments, but the transparent and accessible nature of HDB financing means that many households can confidently assess their borrowing capacity before making an offer. Buyers purchasing as a second residential property should be aware that Additional Buyer's Stamp Duty at a rate of 20% applies to Singapore Citizens acquiring a second residential property, a material cost that must be factored into overall acquisition budgeting.

Lease Tenure and Resale Value Dynamics

As an HDB property, units at 230 Simei Street are held on a 99-year leasehold basis—a standard tenure for public housing in Singapore. HDB leases have historically demonstrated resilience in maintaining value even as the lease period extends beyond the initial decades, supported by the government's ongoing Estate Rejuvenation Programme and the cultural primacy of HDB ownership in Singapore's housing narrative. Buyers and investors should monitor the lease decay trajectory over their holding period and understand how lease remaining at the point of sale may influence future buyer interest. The established HDB resale market provides ample historical data on how lease duration affects pricing in comparable developments, enabling informed decision-making about holding periods and exit timing.

Future Supply and District Development Outlook

The East Coast district benefits from mature planning frameworks and consistent policy support, with limited scope for large-scale new HDB supply in immediate surrounding areas. This supply constraint naturally supports the demand-value dynamics for existing, well-located estates like 230 Simei Street. Any future district development initiatives—such as enhanced cycling infrastructure, upgraded public spaces, or new amenity facilities—are likely to amplify the appeal of the location without fundamentally disrupting the existing community character. Prospective purchasers can take reasonable confidence that the neighbourhood will evolve incrementally rather than undergo disruptive transformation, a stability that underscores long-term investment thesis.

230 Simei Street stands as a mature, transport-connected HDB development offering excellent practicality for families, upgraders, and investors alike. The combination of spacious unit configurations, immediate MRT access, and an established neighbourhood foundation creates a compelling proposition for those seeking quality residential space with proven demand fundamentals and clear appreciation drivers rooted in transport connectivity and community infrastructure.

Frequently Asked Questions

What is the estimated rental yield for units at 230 Simei Street, and how does it compare to other HDB investments in the East Coast?

Rental yield at 230 Simei Street is influenced by prevailing market rents for 3-bedroom HDB units in the East Coast district, typically ranging from 2.5% to 3.5% gross yield depending on unit condition, exact floor level, and current market rates. To calculate your specific yield, divide the monthly rental income by the total acquisition cost (including Additional Buyer's Stamp Duty if applicable). The development's proximity to Simei MRT Station and its established reputation typically support competitive rental demand, though yields vary based on individual purchase price negotiation and tenant management efficiency. Investors should cross-reference recent rental transactions in comparable nearby HDB estates to validate assumptions about rental rates, as market rates fluctuate seasonally and in response to broader economic conditions.

How does the price per square foot at 230 Simei Street compare to recent HDB transactions in the Simei area?

Price per square foot at 230 Simei Street should be evaluated against recent resale transactions in the immediate vicinity and wider East Coast HDB market. With approximately 1,177 square feet, dividing the asking or negotiated price by this figure yields a useful benchmark for comparison against recent transactions in the same estate and neighbouring developments. Market prices in this district have historically remained stable, supported by steady demand from owner-occupiers and investors, though exact pricing will reflect current market sentiment, unit condition, floor level, and remaining lease duration. Engaging a real estate professional to analyse recent comparable sales data will provide you with confidence that you are pricing competitively within the current market window.

What is the Additional Buyer's Stamp Duty (ABSD) impact if I purchase 230 Simei Street as a second residential property?

As a Singapore Citizen purchasing 230 Simei Street as your second residential property, you are liable for Additional Buyer's Stamp Duty at the current rate of 20% of the purchase price. This is a significant cost that must be added to your acquisition expenses, calculated on top of standard Buyer's Stamp Duty. For example, if you negotiate a purchase price of S$500,000, the 20% ABSD would amount to S$100,000, bringing your total stamp duty liability to a considerably higher figure. It is essential to factor this 20% ABSD rate into your financial planning and feasibility assessment before committing to a purchase, as it materially affects your cash outlay and investment return calculations.

How does the 99-year lease duration affect future resale value and capital appreciation at 230 Simei Street?

The 99-year lease is the standard tenure for HDB properties in Singapore and reflects a long-term residential holding period that is culturally normalised and policy-supported in the local market. Historically, HDB lease duration has not materially impaired resale value or capital appreciation in the early and mid-lease stages, as the Singapore government maintains the Estate Rejuvenation Programme and policy frameworks that sustain HDB property values. Buyers should understand that as the lease approaches its final decades (beyond 70–80 years remaining), resale appeal and financing availability may become constrained, which could influence your exit timing if holding the property for decades. For current purchases at 230 Simei Street, the lease is sufficiently long-term that lease decay should not materially affect your holding period, though sophisticated investors often model exit scenarios based on remaining lease duration at point of sale.

How does proximity to Simei MRT Station support long-term demand and capital appreciation at this development?

Proximity to a major MRT station is one of the strongest drivers of sustained demand and capital appreciation in Singapore's residential market, as it reduces commute friction for working professionals and increases the pool of potential buyers and renters. The 5-minute walk to Simei MRT Station on the East West Line makes 230 Simei Street exceptionally accessible to key employment zones, educational institutions, and major commercial hubs across the island, supporting both owner-occupier demand and investor interest. Properties within this immediate catchment typically command premium valuations relative to more distant HDB estates, as transport convenience directly translates to saved time and reduced travel costs—factors that competing buyers explicitly value and are willing to pay for. Over decades, continued transport infrastructure investment and network expansion typically reinforce the value premium attached to proximity to established MRT nodes, making transport connectivity a reliable foundation for long-term capital growth.

Is 230 Simei Street suitable for first-time homebuyers, or should I prioritise other developments?

230 Simei Street presents a compelling option for first-time homebuyers seeking spacious accommodation with proven demand fundamentals and excellent transport access. The established nature of the neighbourhood reduces perceived risk for new property owners, as you are not exposed to speculative supply risk or unproven infrastructure dependencies that characterise newer, outer-rim developments. The generous unit size (approximately 1,177 sqft) and multiple-bedroom configuration provide excellent value and functional living space for growing families or professional households, addressing the core desire of first-time buyers to maximise space and comfort relative to cost. The transparent HDB financing framework and accessible mortgage processes also favour first-time buyers, as lending terms are predictable and valuation straightforward; combined with the MRT connectivity, this development offers a lower-risk entry point into the property market compared to developments in emerging areas or private condominiums requiring higher capital outlays.

What is the typical TDSR headroom and financing capacity for a purchaser at current market prices for 230 Simei Street?

Total Debt Servicing Ratio (TDSR) calculations depend on your individual income, existing debt obligations, and the specific purchase price you negotiate, but HDB properties typically benefit from preferential lending conditions compared to private property acquisitions. At typical market prices for units in this development, most middle-income households should find themselves comfortably within TDSR thresholds of 55% to 60%, as HDB unit prices remain aligned with the income profile of primary purchaser demographics. To determine your specific financing headroom, you will need to engage with a bank or mortgage broker who can assess your income, liabilities, and creditworthiness; however, the accessibility of HDB financing and the moderate price point of this development generally support robust financing capacity for employed individuals and households with stable income. First-time buyers should note that HDB grants and CPF housing benefits may further enhance your effective purchasing power, making the development financially accessible to a broad cross-section of Singapore households.

How does 230 Simei Street compare to nearby competing HDB developments in terms of location, amenities, and value proposition?

230 Simei Street's primary competitive advantage is its immediate MRT connectivity and established neighbourhood maturity, factors that elevate its appeal relative to more distant HDB estates without direct transport access. Nearby competing developments may offer lower entry prices but often sacrifice transport convenience, requiring longer commutes and travel expenditures that offset apparent savings in purchase price. Compared to newer HDB launches in outer districts, 230 Simei Street offers the intangible value of proven demand, abundant comparable market data, and a fully realised community infrastructure—benefits that justify any marginal price premium relative to emerging areas. Value comparison should therefore focus not merely on nominal price, but on price per square foot adjusted for transport access, lease remaining, and neighbourhood amenity maturity; when assessed on these dimensions, 230 Simei Street typically offers compelling value within the East Coast HDB market segment.

Which unit stacks or floor levels at 230 Simei Street typically offer the best value, and why?

Mid-level floor units (approximately floors 5–15) typically offer optimal value at HDB developments like 230 Simei Street, as they balance the lower prices attached to lower floors with the premium pricing of higher-floor units, while avoiding the noise and dust exposure sometimes associated with ground-level units. Higher floors command price premiums linked to perceived privacy and reduced street noise, but this premium may not fully justify the additional cost in an established, well-managed HDB estate where lower floors benefit from mature landscaping and established noise mitigation. Corner units and units with direct MRT-side views may attract marginal premiums, though these should be assessed against your personal preferences rather than treated as automatic value-add factors. A pragmatic investment approach suggests prioritising mid-level units in central blocks where access, natural ventilation, and common area facilities are balanced, then evaluating individual units based on condition, facing direction, and remaining lease, rather than anchoring to floor level alone.

What is the future supply pipeline for HDB developments in the East Coast district, and how might it affect long-term values at 230 Simei Street?

The East Coast district is substantially built-out and characterised by mature HDB stock with limited space for large-scale new public housing developments, meaning the future supply pipeline is comparatively constrained relative to newer districts on the island's periphery. This supply scarcity inherently supports demand stability and capital appreciation potential for existing, well-located estates like 230 Simei Street, as the absolute stock of available units remains fixed whilst population demand remains robust. Any future district-level developments are more likely to focus on estate rejuvenation, public space upgrades, and incremental amenity enhancements rather than wholesale new supply, supporting the sustained appeal of existing properties. For long-term holders and investors, this supply constraint represents a structural advantage, as your asset benefits from increasing relative scarcity without the risk of being displaced by new competitive supply; this dynamic has historically underpinned steady capital appreciation across the East Coast HDB market over multi-decade holding periods.

[For Rent] Hdb Flat At 230 Simei Street 4 — From S$4,200