Type

Units

Min Area

Price Range

3 BR

1200 sqft

S$3,500/mo

Property Highlights

HDB development with 1 unit currently available.
Prices currently start from S$3,500.
For Singaporean second property buyers, ABSD applies at 20% of the purchase price, approximately S$700 on this acquisition.
Located 4 min (360 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.

241 Compassvale Walk: Strategic HDB Living in Sengkang

241 Compassvale Walk represents a well-established residential address in Sengkang, a thriving neighbourhood in Singapore's North-East District. This HDB development offers multiple unit types catering to a broad spectrum of buyers, from first-time homeowners to upgraders seeking additional space and modern living arrangements. The project encompasses various flat configurations, providing flexibility for families of different sizes and lifestyle preferences.

Positioned in one of Singapore's most accessible corridors, 241 Compassvale Walk benefits from its proximity to NE16 Sengkang MRT Station, located just 4 minutes' walk away. This strategic location ensures seamless connectivity to the broader MRT network, allowing residents to reach business districts, shopping centres, and leisure venues across the island with minimal travel time. The walking distance to the MRT station significantly enhances the property's appeal for commuters and strengthens its long-term capital appreciation potential.

Location and Connectivity Benefits

Sengkang is recognised as one of Singapore's most comprehensively planned residential districts, characterised by a harmonious blend of public housing, commercial spaces, and recreational facilities. The neighbourhood has matured considerably over the past two decades, with infrastructure investments continuing to enhance the quality of life for residents. The proximity to Sengkang MRT Station positions 241 Compassvale Walk as an ideal base for professionals commuting to the central business district or other employment centres throughout Singapore.

Beyond the MRT station, the surrounding area features a diverse range of shopping and dining options, including the Sengkang Town Centre and neighbouring commercial hubs. Educational institutions, healthcare facilities, and leisure amenities are well-distributed throughout the estate, eliminating the need for extended journeys to access essential services. This comprehensive neighbourhood infrastructure is a key factor driving consistent demand for properties in this locality.

Housing Configuration and Buyer Suitability

The development offers varied unit types, allowing prospective buyers to select configurations that precisely match their requirements. Whether seeking a compact unit for young professionals or a spacious flat for growing families, 241 Compassvale Walk accommodates diverse housing needs within a single development. The range of configurations also appeals to investors seeking flexibility in positioning properties for different rental demographics.

First-time buyers benefit from the development's mature estate setting, where surrounding infrastructure and community services are already fully operational. Upgraders moving from smaller units find the range of larger configurations particularly attractive, enabling them to access additional living space without requiring a relocation to a distant neighbourhood. Investors appreciate the accessibility and rental demand characteristics of Sengkang, where the combination of MRT proximity and family-oriented amenities generates steady tenant interest.

Investment Considerations and Market Dynamics

The HDB resale market in the Sengkang corridor has demonstrated resilience and consistent capital appreciation over recent market cycles. Properties positioned near MRT stations, such as 241 Compassvale Walk, typically command enhanced valuations compared to estates further from transport nodes. The development's location within a mature, fully serviced residential district positions it favourably relative to newer developments in outer areas, where infrastructure maturation cycles may still be ongoing.

Rental yields for HDB flats in proximity to MRT stations typically reflect the strong demand from tenants prioritising transport accessibility and neighbourhood maturity. Properties at 241 Compassvale Walk are capable of attracting quality tenants seeking the combination of affordability and connectivity that the Sengkang location provides. Investors should evaluate their financing capacity and rental income projections based on current market benchmarks for similar properties in the district.

Pricing and Market Positioning

The pricing structure for units at 241 Compassvale Walk aligns with the North-East District HDB resale market, reflecting the development's established location, MRT accessibility, and unit specifications. Prospective buyers comparing this development to other Sengkang offerings will find competitive value, particularly when factoring in the proximity to the MRT station and the maturity of the surrounding residential environment. Recent transactions in the Sengkang area have demonstrated consistent per-square-foot pricing that reflects these location-based advantages.

Buyers should conduct comparative analysis across available units and recent sales data to identify optimal entry points within the development. The variety of configurations available means that pricing varies based on unit type, floor level, and specific positioning within the block. Engaging with detailed market research and understanding recent comparable sales will enable informed decision-making regarding value assessment and negotiation positioning.

Financing and Affordability Framework

HDB flats benefit from dedicated financing schemes administered through HDB loans and approved banking institutions, enabling buyers to access competitive interest rates and flexible repayment terms. The total debt servicing ratio (TDSR) framework applies to HDB financing, ensuring that monthly loan commitments remain manageable relative to household income. Prospective buyers should assess their financial position early, obtaining pre-approval estimates to establish realistic purchasing capacity and determine which unit configurations represent appropriate choices given their circumstances.

First-time HDB buyers enjoy enhanced financing accessibility and may benefit from grants or subsidies depending on their eligibility profile. Upgraders moving to 241 Compassvale Walk should consider the timing of previous property sales to optimise their financing structure and minimise additional duties. Investors acquiring property as a second residential asset will encounter Additional Buyer's Stamp Duty (ABSD) at 20% on the purchase price, a material cost factor requiring careful evaluation in investment return calculations.

Future Demand and District Evolution

The Sengkang district continues to evolve as a primary residential destination for middle-income families and working professionals. Infrastructure investments, including transport enhancements and amenity upgrades, are expected to continue supporting the neighbourhood's development trajectory. New mixed-use developments and commercial spaces emerging in the broader district will further enhance the appeal of properties positioned within established, fully-serviced estates such as 241 Compassvale Walk.

Long-term property value appreciation in this locality is supported by consistent demand drivers: proximity to MRT transport, comprehensive neighbourhood amenities, and the maturity of the residential environment. As Singapore's population continues to consolidate around well-serviced MRT-adjacent locations, developments like 241 Compassvale Walk are likely to maintain resilience in capital values and rental demand. Buyers and investors should view this development within the context of Sengkang's broader positioning as a stable, attractive residential district.

Frequently Asked Questions

What rental yield can I expect if I purchase a unit at 241 Compassvale Walk as an investment property?

HDB flats in Sengkang, particularly those within 4 minutes' walk of an MRT station, typically generate rental yields in the 2.5% to 3.5% range, depending on unit type, configuration, and specific positioning within the development. The strong demand for rental accommodation in Sengkang, driven by the district's accessibility and mature amenities, supports consistent tenant occupancy and rental rate stability. Investors should analyse recent comparable rentals for similar unit types in the Sengkang area to establish realistic yield projections and evaluate whether the investment aligns with their return targets.

How does pricing at 241 Compassvale Walk compare to recent per-square-foot transactions in the Sengkang area?

Recent HDB resale transactions in Sengkang have reflected per-square-foot pricing that varies based on MRT proximity, flat age, and unit configuration, typically ranging between S$600 and S$750 per square foot depending on these factors. Units at 241 Compassvale Walk, given their established location and proximity to NE16 Sengkang MRT Station, align with pricing at the upper end of this range, reflecting the premium associated with transport accessibility and neighbourhood maturity. Prospective buyers should review recent sales records for identical or similar configurations within the development and comparable blocks to establish accurate pricing benchmarks.

What is the Additional Buyer's Stamp Duty (ABSD) impact if I'm purchasing 241 Compassvale Walk as a second property?

Singapore Citizens purchasing 241 Compassvale Walk as a second residential property will incur Additional Buyer's Stamp Duty at the current rate of 20% on the purchase price, calculated on top of the standard stamp duty payable. This represents a material cost consideration in investment return calculations and overall acquisition expenses. For example, on a S$500,000 purchase, the 20% ABSD would amount to S$100,000, significantly impacting the effective entry cost and required financing capacity.

How does the 4-minute walk to NE16 Sengkang MRT Station influence long-term capital appreciation and demand?

Properties within immediate walking distance of MRT stations consistently command capital appreciation premiums compared to estates further from transport nodes, as accessibility remains a primary driver of residential demand in Singapore's property market. The proximity to NE16 Sengkang MRT Station at 241 Compassvale Walk enhances the development's appeal across multiple buyer profiles: working professionals, families requiring commute efficiency, and investors targeting rental demand from transport-dependent tenants. Over time, as Singapore's urban planning continues to prioritise MRT-adjacent density, properties at this location are positioned to benefit from sustained demand and value resilience.

Is 241 Compassvale Walk suitable for first-time HDB buyers, upgraders, and investors—or specific profiles?

241 Compassvale Walk serves all three buyer profiles effectively. First-time buyers benefit from the mature estate infrastructure, established community facilities, and straightforward HDB financing accessibility. Upgraders relocating from smaller units appreciate the varied configurations offering additional space without requiring a distant relocation. Investors find the MRT proximity and Sengkang's proven rental demand particularly attractive for generating consistent tenant occupancy and rental income. Each profile should assess their specific financial capacity and objectives, but the development's location and configuration variety position it as a versatile option across buyer categories.

What TDSR implications apply to financing a unit at 241 Compassvale Walk, and how much headroom do I need?

HDB financing and approved bank loans are subject to the Total Debt Servicing Ratio (TDSR) framework, which caps monthly debt obligations at 55% of gross household income. At typical price points for 241 Compassvale Walk, prospective buyers should model monthly loan repayments based on their down payment, loan tenure, and prevailing interest rates to ensure TDSR compliance. A 30-year HDB loan on a mid-range unit (approximately S$400,000 to S$500,000) will typically require household income of S$75,000 to S$100,000 annually to remain within TDSR limits while maintaining reasonable financial headroom for other obligations.

How does 241 Compassvale Walk compare to other competing HDB developments in the Sengkang district?

Competing HDB developments in Sengkang include estates such as Punggol and other blocks within the broader Sengkang region. 241 Compassvale Walk's primary competitive advantage is its established location within a fully matured residential zone with comprehensive amenity infrastructure already operational. Other newer estates may offer marginally lower entry prices but often lack the mature neighbourhood character and require longer timeframes for full infrastructure maturation. Comparative analysis should consider per-square-foot pricing, MRT distance, amenity availability, and transaction velocity in recent sales data for similar unit types across these competing developments.

Are specific unit stacks or floor levels at 241 Compassvale Walk better positioned for value and desirability?

Mid-to-high floor units (typically floors 6 to 15) at 241 Compassvale Walk command rental and resale premiums due to enhanced natural light, reduced noise from ground-level activities, and improved privacy perceptions. Units facing the estate interior or positioned away from main roads typically achieve stronger rental occupancy and buyer appeal compared to street-facing alternatives. Lower floor units (1 to 5) may present entry-point value for cost-conscious buyers but may experience slightly longer marketing timeframes during resale. Prospective buyers should physically inspect units and consult recent sold data for specific stacks to identify optimal value positioning within their budget constraints.

What is the future supply pipeline for HDB developments in the broader Sengkang district?

The HDB supply pipeline for Sengkang is managed by the Housing and Development Board through its regular Build-To-Order (BTO) launches and estate renewal initiatives. While new BTO launches in Sengkang are progressively focused on outer planning areas (such as Punggol and Hougang expansion zones), established estates like 241 Compassvale Walk benefit from limited new supply directly competing within their immediate neighbourhood. This constrained supply dynamic, combined with strong demand for MRT-adjacent properties, supports price resilience and rental demand for existing units. Investors and buyers should monitor HDB announcements regarding future estate launches to assess potential long-term supply and demand balances affecting their property.

What are the typical lease tenure terms for HDB flats at 241 Compassvale Walk?

HDB flats at 241 Compassvale Walk operate under a 99-year leasehold arrangement, which is the standard tenure structure for all HDB public housing in Singapore. This 99-year lease provides approximately 60+ years of remaining tenure for units built in the 1990s or earlier decades, a timeframe sufficient for most buyer lifecycles and investment horizons. Buyers should be aware that lease decay mechanisms apply in the later years of the lease term (typically from year 80 onwards), potentially affecting resale values. First-time buyers and investors should understand how remaining lease tenure influences financing capacity, as some lenders impose restrictions on loans for properties with less than 60 years of lease remaining.

How mature are the surrounding amenities and infrastructure at 241 Compassvale Walk, and are major improvements planned?

Sengkang is a fully mature residential district with comprehensive amenity infrastructure, including Sengkang Town Centre shopping facilities, healthcare services, educational institutions, and recreational parks already operational. The Sengkang MRT Station, located within 4 minutes' walk, provides extensive transport connectivity to all major areas of Singapore. Future improvements are expected to include estate upgrading initiatives by HDB, which may include lift replacements, façade improvements, and minor amenity enhancements within the coming decade. These upgrading programmes typically add value to properties while minimising disruption, positioning 241 Compassvale Walk favourably relative to estates that have not yet entered renewal cycles.

[For Rent] Hdb Flat At 241 Compassvale Walk — From S$3,500