Type

Units

Min Area

Price Range

3 BR

1302 sqft

S$750K

Property Highlights

HDB development with 1 unit currently available.
Prices currently start from S$750K.
For Singaporean second property buyers, ABSD applies at 20% of the purchase price, approximately S$150K on this acquisition.
Located 4 min (340 m) from DT33 Tampines East 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 Tampines Street 24: HDB Living in a Mature and Connected Estate

230 Tampines Street 24 stands as a substantial HDB development in one of Singapore's most established residential precincts. Situated in the heart of Tampines, this address represents the type of solid, long-term housing investment that has characterised the town's evolution over decades. The development benefits from its position within a fully matured estate, meaning residents enjoy access to comprehensive infrastructure, established community networks, and a stable resale market that reflects genuine demand rather than speculative pricing.

The locality of Tampines Street 24 places residents just 4 minutes' walk—approximately 340 metres—from DT33 Tampines East MRT Station. This proximity transforms the accessibility profile of the development significantly. The Downtown Line connection provides swift access to the Central Business District, making the estate particularly attractive to working professionals who value reasonable commute times without the premium pricing associated with developments immediately adjacent to the city centre. For families and retirees who prioritise stability over downtown intensity, this moderate distance strikes a practical balance.

Connectivity and Lifestyle Integration

Tampines as a town has matured into a self-contained urban village with its own commercial ecosystem, regional shopping centres, and employment opportunities. Residents at 230 Tampines Street 24 are not dependent solely on the MRT for daily activities; the estate itself functions as a complete residential environment. The nearest MRT station serves primarily as a conduit for cross-island movement and CBD-bound commuting rather than the sole lifeline for shopping or entertainment. This distinction elevates the development's appeal to buyers seeking genuine neighbourhood character rather than corridor-dependent living.

The Downtown Line's expansion and the maturity of Tampines' commercial nodes have historically supported steady capital appreciation in the broader precinct. Properties in this estate have demonstrated resilience during market cycles, largely because the area attracts a diverse buyer base—first-time upgraders, families seeking space, and investors targeting reliable rental yields. Unlike speculative fringe developments, 230 Tampines Street 24 benefits from an established track record of transaction momentum and transparent pricing benchmarks.

Unit Configurations and Space Standards

The development comprises units configured to serve multiple household archetypes. Three-bedroom configurations are among the current stock, offering floor areas in the region of 1,300 square feet—a spacious standard that provides distinct zones for family living, home office arrangements, and guest accommodation. This scale of space is particularly valued by upgraders transitioning from smaller flats and by families requiring dedicated areas without the footprint of a private landed property.

HDB flats at this development address represent the public housing authority's commitment to design standards that balance density with livability. Unit layouts typically incorporate practical kitchens suited to Asian cooking patterns, separate living and dining areas, and bedrooms dimensioned for queen-size furnishings. These design choices reflect decades of resident feedback integrated into modern HDB specifications.

Investment Potential and Market Dynamics

Pricing for units at 230 Tampines Street 24 commences from approximately S$750,000, positioning the development competitively within the Tampines precincts. This price point reflects the maturity of the estate, proximity to transport, and the stability associated with established HDB neighbourhoods. For investors evaluating rental yield, Tampines estates historically achieve gross rental yields in the 3–4% range, depending on unit configuration and lease tenure. A three-bedroom unit at this price point would generate estimated monthly rental income of S$1,900–2,000, translating to annual returns that justify the acquisition for yield-focused portfolios.

The development's position within a mature estate insulates it from the volatility sometimes seen in newer peripheral developments where supply shocks or shifting preferences can depress values. Transaction records in Tampines demonstrate consistent demand from tenants seeking three-bedroom family housing in established, well-serviced areas. Rental demand remains robust because the precinct attracts expatriate families and local upgraders alike—both reliable tenant cohorts with stable incomes and longer lease terms.

Financial Considerations for Buyers

Prospective buyers must factor Additional Buyer's Stamp Duty (ABSD) into acquisition costs if this represents a second residential property. For Singapore Citizens purchasing a second residential property, ABSD is levied at 20% of the purchase price, significantly increasing the effective acquisition cost. On a purchase price of S$750,000, ABSD would amount to S$150,000—a material sum that must be integrated into financing structures and cash flow planning.

Total Debt Servicing Ratio (TDSR) headroom at typical price points is generous for most borrower profiles. A property at the S$750,000 level, financed at 75% loan-to-value over a 25-year mortgage at prevailing rates, would require monthly repayments of approximately S$2,700–2,900. For dual-income households with combined gross monthly income exceeding S$9,000, TDSR constraints are unlikely to bind tightly, particularly if the primary residence is fully paid or substantially unencumbered. Upgraders with equity in existing properties typically find financing capacity well within comfortable parameters.

Comparative Context Within Tampines

The HDB market in Tampines encompasses developments spanning several generations, from 1990s-built estates to more contemporary blocks completed within the past decade. 230 Tampines Street 24, as an established development, occupies the middle ground in this spectrum. Pricing per square foot for three-bedroom units in the immediate vicinity has historically ranged from S$540–590 per square foot for comparable configurations in similar-aged blocks. At the S$750,000 level for a 1,302 square-foot unit, the effective price per square foot sits approximately S$576—a figure consistent with recent transactions in directly competing addresses.

Newer HDB developments further east or in less mature precincts occasionally command marginal premiums due to updated finishing standards and architectural differentiation. However, these advantages are often offset by longer MRT commutes or reduced neighbourhood maturity. 230 Tampines Street 24's established position means buyers are not paying a novelty premium whilst still benefiting from well-maintained common areas and established community facilities.

Neighbourhood Amenities and Long-Term Stability

Tampines as a precinct has consolidated its position as a fully functional urban centre with regional shopping (Tampines Mall, Century Square), educational institutions spanning primary through junior college, and employment clusters particularly in the eastern corridor's business parks. This self-sufficiency reduces dependency on CBD-linked appreciation and insulates the development from disruption if transport infrastructure changes or if working patterns shift (as occurred during pandemic-driven remote work adoption).

The development's mature status also implies that resident demographics are typically stable, neighbourhood composition is unlikely to experience dramatic turnover, and community facilities (void decks, community gardens, sports courts) are established and operationalised. For buyers prioritising neighbourhood stability over speculative upside, this maturity is a genuine asset rather than a liability.

230 Tampines Street 24 represents a pragmatic acquisition for multiple buyer archetypes: upgraders seeking improved space without relocating far from established social networks, investors targeting stable yields in fully matured precincts, and families prioritising neighbourhood infrastructure and school access. The development's position within Tampines, combined with proximity to the Downtown Line and established rental demand, positions it as a stable holding in a competitive market.

Frequently Asked Questions

What rental yield can investors expect from units at 230 Tampines Street 24?

Tampines estates historically achieve gross rental yields between 3–4% annually, depending on unit configuration and current market conditions. A three-bedroom unit at the development's typical price point would generate estimated monthly rental income of S$1,900–2,000, translating to annual returns of approximately S$22,800–24,000. This yield profile is underpinned by consistent demand from expatriate families and local tenants seeking established HDB accommodation, supported by the proximity to DT33 Tampines East MRT and the maturity of the estate's amenity base. Investors should account for property tax, maintenance contributions, and management costs when calculating net yield; these typically reduce gross yields by 0.5–0.8% annually.

How does the price per square foot at 230 Tampines Street 24 compare to recent transactions in the surrounding area?

Recent transactions in comparable three-bedroom HDB units within the immediate Tampines precinct have established a price per square foot range of approximately S$540–590, with most clustering around S$560–575. At the S$750,000 asking price for a 1,302 square-foot unit, the effective price per square foot is approximately S$576—positioning the development squarely within the current market benchmark for this estate and configuration. This alignment with recent comps suggests fair pricing relative to immediately adjacent developments; properties commanding significantly higher per-square-foot multiples typically offer newer construction, extensive renovations, or exceptional unit orientations (e.g., corner units or high-floor residual demand).

What is the Additional Buyer's Stamp Duty (ABSD) impact for Singapore Citizens purchasing a second residential property?

Singapore Citizens acquiring a second residential property face ABSD at the current rate of 20% of the purchase price. For a property priced at S$750,000, ABSD would total S$150,000—a material acquisition cost that materially affects overall purchase outlay and financing requirements. This duty is payable within 14 days of the conveyancing completion and cannot be financed via HDB loan; accordingly, purchasers must have liquid capital or must structure financing to cover ABSD separately. Second-time buyers should integrate ABSD early into their financial planning to avoid last-minute cash shortfalls; some utilise existing property equity or restructure first-property mortgages to generate liquidity.

Is lease decay a concern for resale value at this HDB development?

HDB flats are offered on 99-year leasehold terms, a standardised tenure across public housing in Singapore. As 230 Tampines Street 24 is an established development (not newly completed), lease tenure will typically range between 70–95 years depending on the unit's specific completion date and purchase history. Lease decay becomes a material consideration when lease terms fall below 60 years; below this threshold, HDB loan eligibility diminishes and resale valuations compress. For current acquisitions at this development, the development's maturity means existing owners are not at imminent risk of severe lease decay, but purchasers should scrutinise individual unit lease remaining before committing. Properties with leases below 80 years may encounter reduced buyer pools and lower capital appreciation rates relative to longer-lease alternatives.

How does proximity to DT33 Tampines East MRT affect long-term demand and capital appreciation?

The Downtown Line's establishment and DT33 Tampines East MRT's maturity have anchored appreciation expectations within this precinct. Properties within 5–10 minutes' walk of the station typically command premiums of 5–10% relative to more distant alternatives within the same estate, reflecting the value residents ascribe to swift CBD access without car dependency. The 4-minute walk from 230 Tampines Street 24 to the station positions units squarely within the premium-proximity band; this accessibility supports both rental demand (tenants value commute efficiency) and owner-occupier appeal (reduced daily travel time). Historically, Tampines developments with direct MRT proximity have appreciated at 2–3% annually over medium-term cycles (7–10 years), outpacing developments in car-dependent fringe precincts.

Is this development suitable for first-time buyers, upgraders, and investors, or does it appeal primarily to one cohort?

230 Tampines Street 24 serves multiple buyer archetypes effectively. First-time buyers may find entry-level configurations within their budget and appreciate the maturity of the estate's amenities and rental appeal (reducing concentration risk if circumstances require leasing the property temporarily). Upgraders transitioning from 2-bedroom to 3-bedroom configurations find the space leap material (typically gaining 300–400 additional square feet) without the premium associated with newer developments further afield. Investors favour the precinct for its established rental demand, stable transaction records, and the absence of oversupply concerns that plague some peripheral HDB areas. The development's broad appeal reflects its position as a non-niche holding: it lacks the novelty premium of contemporary construction but offers the stability and yield potential that attract patient capital.

What TDSR and financing headroom should buyers expect at the development's typical price point?

A property at S$750,000, financed at a typical loan-to-value ratio of 75% (S$562,500 borrowed) over a 25-year mortgage term at current interest rates of approximately 3.2–3.5%, would generate monthly mortgage repayments in the range of S$2,700–2,900. The Debt Servicing Ratio (TDSR) constraint limits total monthly servicing obligations (mortgage plus other debts) to 60% of gross household income; accordingly, monthly gross household income of S$9,000 or more provides comfortable headroom at this price point. Dual-income households with combined salaries exceeding S$108,000 annually are unlikely to encounter TDSR binding. Upgraders with substantial equity in existing properties face even fewer constraints because HDB loan refinancing or cash purchases are feasible for this price tier, eliminating mortgage repayment entirely.

How does 230 Tampines Street 24 compare to other HDB developments in the immediate vicinity?

The Tampines precinct encompasses multiple HDB developments ranging from 1990s-built estates to more recent construction. Properties within the immediate area and of similar vintage to 230 Tampines Street 24 typically achieve price alignment within 2–4% due to minor differences in block orientation, common area maintenance, and minor finishing variations. Developments further east or towards the periphery may command modest discounts (3–8%) due to marginally longer commutes to DT33, whilst any developments substantially closer to the station or offering ground-floor retail components may capture premiums. The primary distinction between 230 Tampines Street 24 and competing nearby developments is architectural age and internal updating; purchasers should inspect individual unit conditions, as renovation history varies significantly block-to-block.

Are specific unit stacks or floor levels more favourably valued at this development?

HDB market dynamics have shifted substantially towards middle-stack units (floors 8–15) as they offer genuine privacy benefits over lower floors (noise, visual intrusion) without the elderly-accessibility concerns sometimes associated with high-floor units (elevator waiting times, potential isolation). Units on floors 10–12 typically command 2–5% premiums relative to lower stacks for three-bedroom configurations. North-facing or east-facing units are often preferred in the tropics (morning light, afternoon shade) and may command modest premiums (1–3%) where orientation preferences align with architectural orientation. Corner units offering dual-aspect views and enhanced natural ventilation can justify premiums of 3–8%. However, these variations are marginal relative to overall development value; acquisition decisions should prioritise lease tenure remaining, individual unit condition, and proximity to common facilities over speculation on stack-based appreciation.

What future supply pipeline exists in Tampines, and could new development undermine current values?

Tampines has achieved substantial build-out and is classified as a mature estate with limited capacity for new HDB construction at scale. The Town Council and HDB have prioritised selective intensification (upgrading existing blocks, enhancing common areas) rather than major new development. Regional supply growth is occurring in peripheral areas (e.g., Woodlands, Punggol extensions) rather than within established Tampines, reducing oversupply risk to this development. Any future supply announcements would likely target high-density areas or mixed-use developments rather than traditional HDB configurations, further insulating established properties from direct competitive pressure. The consolidation of Tampines as a mature precinct actually supports values over long-term cycles, as the absence of speculative development opportunities channels demand towards existing stock.

Hdb Flat At 230 Tampines Street 24 — From S$750K