Type

Units

Min Area

Price Range

2 BR

721 sqft

S$388K

Property Highlights

HDB development with 1 unit currently available.
Prices currently start from S$388K.
For Singaporean second property buyers, ABSD applies at 20% of the purchase price, approximately S$77,600 on this acquisition.
Located 5 min (390 m) from JE4 Toh Guan MRT Station (U/C).

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.

244 Jurong East Street 24: A Mature HDB Development in Singapore's Business Heart

244 Jurong East Street 24 represents a well-established public housing development strategically positioned in one of Singapore's most dynamic commercial and residential zones. Situated in the Jurong East precinct, this HDB project offers practical living solutions for a diverse range of buyers seeking accessible accommodation in a location defined by strong fundamentals and consistent demand.

The development's most compelling advantage lies in its proximity to Toh Guan MRT Station, located just 390 metres away—a brisk 5-minute walk that places residents within convenient reach of the broader rail network. This connectivity is instrumental in shaping the area's appeal, as the station serves as a critical interchange within Singapore's public transport ecosystem. The walkability factor directly influences both daily commuting patterns and long-term property performance, making proximity to MRT infrastructure a decisive factor for owner-occupiers and investors alike.

Location and Connectivity

Jurong East is recognised across Singapore's property market as a thriving mixed-use precinct characterised by commercial development, industrial facilities, and established residential neighbourhoods. The area's evolution over the past two decades has reinforced its status as a self-contained business district, reducing the necessity for residents to commute long distances for work, shopping, or leisure. Toh Guan MRT Station's role as an interchange point amplifies this convenience, connecting the development to major business hubs, retail destinations, and residential areas across the island.

The immediate catchment surrounding 244 Jurong East Street 24 includes a comprehensive array of local amenities: supermarkets, dining establishments, healthcare facilities, and educational institutions are all within walking distance or a short bus ride. This mature infrastructure reflects decades of planned urban development, meaning that residents benefit from established community services rather than relying on future phases of development.

Property Specifications and Layout

Units across this development feature thoughtfully designed floor plans occupying approximately 721 square feet, configured with two bedrooms and two bathrooms. This layout appeals to a broad demographic, from first-time buyers and young professionals to families seeking compact, efficient living spaces. The two-bathroom configuration is increasingly valued in modern Singapore, as it addresses practical daily routines and adds flexibility for multi-generational or dual-income households.

The square footage of these units places them within the mainstream HDB offering, providing sufficient space for comfortable daily living without the prohibitive costs associated with larger executive flats or private residential developments. The interior layout typically emphasises practical storage, efficient kitchen planning, and functional living areas—hallmarks of Singapore's HDB design philosophy.

Investment and Rental Potential

For investors evaluating this development, the Jurong East location presents considerable rental appeal. The precinct's concentration of office parks, manufacturing facilities, and service industries creates sustained demand for rental accommodation from both local and international workers. The proximity to Toh Guan MRT significantly enhances rentability, as tenants prioritise accessibility and commuting convenience.

The competitive pricing across this development, when considered alongside typical Jurong East market rentals, positions units for reasonable rental yields. Investors should factor in standard HDB maintenance fees, property tax, and routine upkeep costs when projecting long-term returns. The maturity of the development and established tenant pool in the surrounding neighbourhood support predictable occupancy rates, making this an appropriate vehicle for steady income generation rather than speculative appreciation.

Buyer Profiles and Suitability

First-time buyers often gravitate towards developments like 244 Jurong East Street 24 because of affordability, accessible financing options, and straightforward HDB resale procedures. The entry price point removes barriers that might otherwise defer younger buyers from property ownership, while the proven location ensures that future resale value remains anchored to realistic market fundamentals.

Upgraders transitioning from smaller 1-bedroom or 2-room flats find the 2-bedroom configuration an appropriate step forward, offering marginally expanded space without excessive cost escalation. Such buyers typically value established neighbourhoods and proven infrastructure, both of which characterise Jurong East.

Owner-investors seeking rental income will appreciate the development's resilience, as economic cycles tend to affect Jurong East less severely than speculative growth zones. The combination of employment density, transport accessibility, and affordable rents creates a stabilising effect on capital values and occupancy rates.

Financing Considerations and ABSD Implications

Purchasers should evaluate Total Debt Service Ratio (TDSR) constraints with their banks, as typical Jurong East HDB pricing usually accommodates reasonable loan quantum for qualified buyers. At the development's price levels, first-time buyers often qualify for near-maximum loan tenure and quantum, with monthly servicing costs fitting comfortably within TDSR limits for employed individuals with standard income profiles.

Additional Buyer's Stamp Duty (ABSD) applies at 20% to second residential property acquisitions by Singapore Citizens, which materially affects investment calculations. For investors purchasing as a second property, this duty must be factored into total outlay and expected yield, potentially reducing net returns unless rental projections are carefully stress-tested against realistic market rents.

Resale and Capital Appreciation

HDB developments with strong transport connectivity and mature neighbourhood amenities have historically demonstrated stable capital performance. While Jurong East is unlikely to generate explosive appreciation, the precinct's established role in Singapore's economic geography suggests resilient long-term value retention. Buyers should approach this development with medium to long-term horizons, viewing ownership as stable wealth-building rather than rapid capital gain.

The resale market for HDB flats in Jurong East remains liquid, with consistent buyer interest from upgraders, investors, and owner-occupiers. This liquidity reduces exit risk and makes disinvestment straightforward should circumstances require a sale.

Comparison to Regional Supply

Jurong East contains multiple HDB developments across different age cohorts and price points. Newer or more recently renovated projects may command premium pricing, whilst mature developments like 244 Jurong East Street 24 offer greater value for budget-conscious buyers. Understanding this market stratification is crucial for negotiating competitive offers and identifying genuine value opportunities within the broader precinct.

Prospective buyers are advised to review comparable transactions within the immediate vicinity to establish realistic pricing benchmarks. Recent psf values for Jurong East HDB flats typically range within established bands, and units at 244 Jurong East Street 24 should align predictably with these patterns, reflecting condition, unit orientation, and floor level.

244 Jurong East Street 24 remains a practical, strategically located development for owner-occupiers and investors prioritising accessibility, affordability, and neighbourhood maturity. The combination of convenient MRT proximity, comprehensive local amenities, and established community fundamentals makes this an appropriate consideration for serious buyers and investors evaluating the broader Jurong East market.

Frequently Asked Questions

What rental yield can investors expect if they purchase a unit at 244 Jurong East Street 24?

Investors purchasing units at this development should model realistic monthly rental rates based on comparable 2-bedroom HDB lettings in Jurong East, typically ranging between S$2,000 and S$2,400 depending on unit condition and floor level. When divided by the acquisition cost (including ABSD for second-property buyers), gross yields generally fall between 5% and 7% before expenses such as property tax, maintenance fees, and minor repairs. Net yields after deducting these costs are usually 0.5% to 1.5% lower, making this development suitable for investors prioritising stable income and capital preservation rather than aggressive appreciation. The established rental market in Jurong East, driven by employment density in surrounding office parks and industrial facilities, supports consistent occupancy rates and predictable tenant demand.

How does pricing per square foot at 244 Jurong East Street 24 compare to recent HDB sales in Jurong East?

Recent comparable transactions in Jurong East for 2-bedroom HDB flats typically transact at price points ranging from approximately S$500 to S$550 per square foot, depending on unit condition, floor height, and time of sale. Units at 244 Jurong East Street 24, with their approximate 721 sqft configuration, should align closely with this psf band, reflecting the development's mature status and neighbourhood positioning. Older, recently renovated units or those occupying preferred floor levels (mid-range rather than ground or very high floors) may command slight premiums within this range. Buyers should request recent sales data from the Housing Development Board or reviewing agents to confirm exact psf positioning for specific unit stacks within the development, ensuring competitive pricing relative to alternatives in the immediate vicinity.

What is the Additional Buyer's Stamp Duty impact for Singapore Citizens purchasing a second property at this development?

Singapore Citizens buying a second residential property (including HDB flats) must pay Additional Buyer's Stamp Duty (ABSD) at 20% of the property's purchase price, calculated on top of standard conveyancing stamp duty. For a unit priced at S$388,000, this results in ABSD of S$77,600, significantly increasing total acquisition costs before factoring in legal fees, survey costs, and any required renovation. This 20% duty substantially impacts investment mathematics, as the additional capital outlay reduces net rental yield unless monthly rents are correspondingly elevated. First-time buyers are exempt from ABSD, making this development more attractive for primary residence purchases than for second-property investors. Prospective investor-buyers must rigorously assess whether projected rental returns justify the additional duty burden and ensure financing arrangements accommodate the higher total capital requirement.

Does this HDB development face lease decay risk, and how might this affect long-term resale value?

As an HDB development, 244 Jurong East Street 24 operates under a 99-year lease from the date of initial grant, meaning the development has a defined finite tenure rather than freehold ownership. Buyers should ascertain the original grant date to calculate remaining lease duration; typically, HDB flats decline in residual value as lease years fall below 60 years, with accelerated depreciation below 40 years. The Housing Development Board's lease extension schemes do exist, allowing leaseholders to top up tenure in exchange for cash payment, though the cost increases as the remaining lease shortens. For buyers with medium to long-term ownership horizons (10–20 years), lease decay is manageable; however, purchasers must factor potential lease extension costs into long-term financial planning if they intend to hold property into the final 40 years of its lease. Long-term resale liquidity becomes progressively constrained as lease years diminish, so proactive lease extension consideration is prudent for investors or owner-occupiers aged over 55.

How does Toh Guan MRT Station's proximity influence property demand and capital appreciation at this development?

Toh Guan MRT Station's location 390 metres (approximately 5 minutes' walk) from this development significantly enhances its appeal to owner-occupiers and tenants, as convenient transport access directly reduces commuting friction and increases the property's utility. Properties within walking distance of MRT stations typically command rental premiums of 5–15% relative to comparable units further from transit, reflecting tenant preference for reduced travel time and lower transport costs. Capital appreciation in MRT-proximate developments tends to outpace non-connected neighbourhoods over long cycles, as transport infrastructure improvements remain permanent features of the urban landscape. However, Jurong East's MRT network is already mature and well-established, so the appreciation driver from 'new connectivity' is limited; instead, the existing MRT linkage primarily supports consistent rental demand and price stability rather than speculative upside. Buyers should recognise Toh Guan MRT proximity as a stabilising, demand-supporting feature rather than a speculative appreciation catalyst.

Which buyer profiles—upgraders, first-timers, investors, high-net-worth individuals—are best suited to this development?

First-time buyers represent the primary suitable demographic for 244 Jurong East Street 24, as the development's pricing and HDB status offer accessible entry into property ownership with established neighbourhood fundamentals and predictable resale markets. Upgraders transitioning from smaller HDB configurations to 2-bedroom units find the space increment and Jurong East location well-aligned with practical living needs. Buy-to-let investors seeking stable rental income and capital preservation (rather than rapid appreciation) are appropriately served by this development, though the 20% ABSD duty for second-property purchases requires careful yield modelling. Young working professionals and dual-income couples appreciate the efficient floor plans and MRT accessibility. High-net-worth individuals typically seek private residential developments or larger HDB executive flats rather than standard 2-bedroom public housing, making this development less aligned with luxury-focused buyer profiles. Downsizers and semi-retirees may also find the compact footprint and established neighbourhood suitable, particularly if they prioritise reduced maintenance and community proximity over space expansion.

What TDSR headroom and financing availability should typical buyers expect at this development's price levels?

At typical HDB flat prices in Jurong East (approximately S$350,000–S$420,000), standard property financing from major Singapore banks provides loan quantum of 80–90% for first-time buyers with satisfactory income and credit profiles. Total Debt Service Ratio (TDSR) constraints, capped at 60% of gross monthly income, typically allow comfortable monthly mortgage servicing for employed individuals earning S$4,000–S$5,500 monthly, corresponding to owner-occupier profiles prevalent in this market. The combination of lower absolute pricing, 30-year maximum loan tenure for HDB flats, and competitive interest rates (ranging from 2.5% to 3.5% depending on bank and rate type) results in monthly instalments generally between S$1,200 and S$1,600. Most qualifying buyers encounter no material financing constraints at this development's price point; the principal limitation is securing initial down-payment capital (10–20%) and associated costs such as ABSD (if applicable), legal fees, and survey charges. Prospective purchasers should engage banks early in the purchasing process to confirm loan pre-approval and realistic servicing capacity.

How does 244 Jurong East Street 24 compare in value and amenity terms to nearby competing HDB developments?

The Jurong East precinct contains several HDB developments of varying ages, including newer projects in adjacent streets and older adjacent estates. Competitive developments may include recent en-bloc renovation projects or newer-built phases, which typically command 8–12% pricing premiums over comparable flats in older mature developments like 244 Jurong East Street 24. However, buyers accepting slightly lower pricing benefit from proven, established communities with mature landscaping, stable tenant pools, and extensively developed local amenities (hawker centres, community clubs, markets) that newer developments have yet to attract. Neighbouring competing blocks in Jurong East often feature comparable unit configurations (2-bedroom, 2-bathroom, 720–750 sqft) at broadly similar psf pricing, suggesting efficient market equilibrium. Buyers should evaluate trade-offs between premium pricing for newer projects versus established community character and maturity offered by 244 Jurong East Street 24. Recent property market data and direct comparison of 3–5 comparable sales within 300 metres establishes realistic positioning relative to immediate competitors.

Which unit stacks or floor levels at this development offer the best value proposition for buyers?

HDB pricing within individual developments typically reflects floor level, with ground and very high floors (15+) commanding modest discounts relative to mid-range floors (4–10), which are preferred for balancing privacy, natural light, and reduced noise exposure. Mid-range unit stacks generally offer optimal value for owner-occupiers, as the 5–10% premium relative to ground-floor units is justified by substantially improved amenity and resale appeal. For investors prioritising rental yield, ground-floor and lower-mid-level units (floors 2–5) often attract comparable rental rates to mid-range units whilst transacting at marginally lower prices, thereby improving gross yield percentages. The specific stack orientation (facing internal courtyards vs. external streets, unit-end vs. middle positions) also influences light, privacy, and noise levels; end units typically attract 3–5% premiums due to superior light and external wall exposure. Buyers should physically inspect multiple floor levels and stacks within the development to assess personal preferences for light, noise, and privacy, recognising that optimal value is often found 1–2 floors below the most sought-after mid-range bands.

What future supply pipeline developments in Jurong East should buyers monitor regarding long-term neighbourhood growth and price stability?

The Jurong East precinct has undergone sustained development over the past 15 years, with ongoing initiatives focused on mixed-use commercial, industrial, and residential intensification rather than explosive greenfield expansion. The Urban Land Institute and Singapore's planning authorities have flagged Jurong East as a mature secondary business district unlikely to experience dramatic residential supply surges equivalent to growth zones like Punggol or Sengkang. However, ongoing rejuvenation efforts, including office park upgrades and enhanced connectivity via existing MRT infrastructure, support incremental rental and commercial activity growth. The absence of major new HDB development announcements in the immediate Jurong East vicinity suggests that supply competition for established flats like 244 Jurong East Street 24 will remain measured, supporting long-term price stability and rental demand. Buyers should monitor Singapore's Housing Development Board and Urban Redevelopment Authority announcements for any future en-bloc acquisitions or precinct-wide rejuvenation initiatives that might influence neighbourhood character or property values. Overall, Jurong East's established maturity, strong employment base, and limited available land for large-scale residential expansion suggest a stable to moderately appreciative environment rather than speculative growth dynamics.

Hdb Flat At 244 Jurong East Street 24 — From S$388K