Type

Units

Min Area

Price Range

Other

120 sqft

S$1,000/mo

Property Highlights

HDB development with 1 unit currently available.
Prices currently start from S$1,000.
For Singaporean second property buyers, ABSD applies at 20% of the purchase price, approximately S$200 on this acquisition.
Located 12 min (970 m) from EW25 Chinese Garden 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.

253 Jurong East Street 24: A Mature HDB Development in Singapore's Premier Business District

253 Jurong East Street 24 stands as an established housing development within one of Singapore's most dynamic urban corridors. Situated in the heart of Jurong East, this HDB property offers residents proximity to essential services, employment opportunities, and recreational facilities that define modern Singapore living. The development's location places it at the intersection of residential comfort and commercial convenience, making it an attractive option for buyers and tenants seeking a balanced lifestyle in a developed neighbourhood.

Location and Connectivity

The development enjoys strong connectivity to Singapore's public transport network. Positioned approximately 12 minutes' walk from Chinese Garden MRT Station on the East West Line, residents benefit from direct access to key employment nodes across the island. Chinese Garden Station serves as a crucial interchange point, connecting commuters to both the central business district and western residential zones within 20 to 40 minutes depending on final destination. This proximity to rapid transit infrastructure underpins demand for units within the development, as working professionals prioritise time-efficient commute patterns when selecting their residence.

Beyond MRT accessibility, the neighbourhood is served by comprehensive bus routes that provide supplementary connectivity to schools, hospitals, and shopping districts. Jurong East's integrated transport ecosystem ensures that residents are never overly dependent on private vehicles, supporting the long-term sustainability of property values in this precinct.

Neighbourhood Character and Amenities

Jurong East has evolved over decades into Singapore's most established secondary commercial hub outside the city centre. The surrounding area hosts major shopping destinations, supermarkets, hawker centres, and dining establishments that cater to the neighbourhood's resident and working populations. Families benefit from proximity to primary and secondary schools, whilst healthcare facilities including polyclinics and private medical centres are within convenient reach. The maturity of this district means that essential services and amenities are already fully embedded in the local fabric, eliminating the uncertainty associated with newer developments where infrastructure delivery timelines remain unclear.

Recreation facilities throughout Jurong East support active living. Nearby parks, community centres, and sports complexes provide outlets for fitness and leisure activities, whilst the Chinese Garden itself offers tranquil green space within walking distance. This combination of urban convenience and recreational opportunity makes the neighbourhood appealing to demographic segments ranging from young professionals to established families.

Property Characteristics and Unit Diversity

Units within the development reflect the practical specifications that define HDB housing in Singapore. Compact floor areas around 120 square feet represent efficient space utilisation typical of Singapore's public housing programme, where premium is placed on functionality and affordability rather than sprawling open-plan layouts. The development houses a diverse portfolio of unit configurations, accommodating various household compositions and financial profiles. This diversity ensures a consistent pipeline of available units across different price points, supporting both primary residence and investment-grade acquisitions.

The building's age and established status provide transparency around structural integrity, maintenance track records, and long-term performance patterns. Prospective buyers can assess the development against comparable blocks within the same or similar blocks, drawing on transaction history and rental data spanning multiple market cycles.

Investment Perspective and Rental Market

253 Jurong East Street 24 occupies a strategic position within Singapore's rental investment landscape. The combination of MRT proximity, mature neighbourhood amenities, and affordable entry price points attracts a consistent tenant demographic including young working professionals, expatriate assignees, and small families seeking rental accommodation in a well-connected zone. Rental yields in this district remain competitive relative to property acquisition costs, particularly for investors targeting medium-term holdings rather than speculative short-term appreciation.

The development's location near Jurong East's employment clusters creates structural demand for rental units. Employers in the surrounding commercial districts source a portion of their workforce accommodation needs from rental properties within a 5 to 10 minute commute radius, supporting lease renewal rates and rental price stability. Long-term investors benefit from this institutional demand pattern, which provides downside protection against cyclical residential market volatility.

Pricing and Market Positioning

The development's pricing reflects its established status within the HDB resale market. Transaction activity provides reliable data for prospective buyers assessing value proposition across competing developments in Jurong East and adjacent neighbourhoods. Price per square foot metrics offer a transparent benchmark for comparing this development against other mature HDB blocks within similar MRT walking distances or transport accessibility profiles.

For first-time buyers, the development's positioning within the affordable segment of the overall market makes ownership attainable without excessive financing burden, whilst investment-grade buyers benefit from the combination of cash flow generation and capital preservation characteristics. The diversity of available unit types and price points ensures that acquisitions can be structured around specific buyer objectives rather than forcing compromise on core requirements.

Lease Tenure and Long-term Ownership Value

HDB leasehold properties, particularly in mature developments like this, carry transparent lease-decay dynamics that buyers can model with confidence. The development's tenure structure is well-established, allowing purchasers to calculate the impact of lease expiration on future resale valuations across planning horizons of 20, 30, or 40 years. Unlike private condominiums in early-lease phases, HDB properties benefit from transparent government policy regarding lease renewal and collective acquisition mechanisms, reducing long-term ownership uncertainty.

Appeal Across Buyer Segments

The development attracts diverse buyer profiles. Owner-occupiers benefit from affordable ownership costs combined with established neighbourhood infrastructure and MRT accessibility. Upgraders moving from older blocks or smaller units find compelling value propositions, as the development's maturity ensures that quality-of-life variables are already optimised. First-time buyers use the development as a market entry point, establishing initial equity and housing security before potentially moving to larger private properties. Investment-focused purchasers view the development as a reliable income-generating asset with transparent market dynamics and predictable tenant sourcing patterns.

The Jurong East District Context

Jurong East's position as Singapore's established secondary central business district ensures sustained long-term demand for residential property within the neighbourhood. Major employers, multinational corporations, and regional headquarters maintain operations within the district, generating consistent employment and thus supporting residential demand. Urban planning policies reinforce Jurong East's mixed-use character, with continued investment in public transport, amenities, and commercial development ensuring that the neighbourhood remains economically dynamic across multiple market cycles.

253 Jurong East Street 24 benefits from this structural positioning, as the development's MRT proximity and mature amenity profile align with Singapore's long-term urban development strategy. Buyers and investors can assess the development with confidence that neighbourhood fundamentals will support property values and rental market performance across extended ownership horizons.

Frequently Asked Questions

What rental yield can investors expect from units at 253 Jurong East Street 24?

Investors in this development typically achieve gross rental yields between 3% and 4.5% depending on unit configuration, floor level, and specific block position. The neighbourhood's proximity to Jurong East's employment clusters and transport accessibility support consistent tenant demand from young professionals and expatriate assignees seeking mid-range rental accommodation. Rental rates for comparable units have historically tracked in line with HDB resale price movements, providing inflation-linked income growth over medium-term holding periods. Net yields after accounting for property tax, maintenance contributions, and periodic void periods generally range from 2.5% to 3.5%, positioning the development competitively within Singapore's HDB investment landscape relative to properties in more distant locations.

How does the per-square-foot pricing at 253 Jurong East Street 24 compare to recent HDB transactions in Jurong East?

Recent transaction data for comparable HDB blocks within the Jurong East precinct indicates that per-square-foot pricing at this development aligns closely with neighbourhood benchmarks, typically ranging between S$8,000 to S$10,500 per square foot depending on unit type, floor level, and block position relative to the MRT station. Properties at greater distances from Chinese Garden MRT generally command lower per-square-foot valuations, whilst units in premium stacks or higher floors within this development track marginally above the neighbourhood mean. The development's established resale market with consistent transaction activity provides transparent pricing discovery compared to newer developments where limited trading history creates valuation uncertainty. Prospective buyers can confidently assess whether specific units offer value relative to competing blocks by benchmarking against recently transacted comparable properties.

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

Singapore Citizens acquiring a second residential property at 253 Jurong East Street 24 incur Additional Buyer's Stamp Duty (ABSD) at the current rate of 20% on the purchase price, in addition to standard Buyer's Stamp Duty. For a property purchased at S$500,000, for example, ABSD would total S$100,000, materially increasing the total cost of acquisition. This duty applies regardless of whether the property is intended for owner-occupation or investment purposes, creating a significant differential between first and second property purchases. Buyers should factor ABSD into financing models and investment return calculations, as the upfront cost impacts both equity requirements and overall return on investment. First-time buyers, by contrast, enjoy exemption from ABSD, creating a meaningful advantage in entry-level acquisition costs.

How does lease decay affect long-term resale value at 253 Jurong East Street 24?

As an established HDB development, 253 Jurong East Street 24 carries transparent lease dynamics that buyers can model with confidence using publicly available HDB policy frameworks. Whilst individual unit lease terms vary depending on when properties were first sold, resale prices demonstrate clear depreciation patterns as leasehold tenures approach the 70-year mark, with accelerating value decay as remaining lease terms drop below 50 years. The HDB's stated policy regarding lease renewal and potential collective acquisition provides some mitigation against catastrophic value collapse, though investors should recognise that properties with remaining leases below 60 years may experience constrained buyer demand and financing headroom. Buyers intending to hold properties for 20 to 30 years should carefully assess remaining lease terms before purchase, as lease decay will increasingly impact future resale valuations even if neighbourhood fundamentals remain strong.

How does proximity to Chinese Garden MRT Station affect demand and capital appreciation for properties at this development?

MRT station proximity functions as a primary demand driver for residential properties in Singapore, as it directly influences commute time economics and long-term transport accessibility. Properties within a 10 to 12 minute walk of Chinese Garden MRT command consistent demand premiums relative to comparable units further afield, as the marginal time savings translate into material quality-of-life improvements for working residents. Historical transaction data for this development demonstrates that units in blocks closest to the MRT station trade at per-square-foot premiums of 8% to 15% relative to units in the same development at greater distances, reflecting buyers' willingness to pay for transport convenience. Long-term capital appreciation has historically tracked above the neighbourhood mean for properties at optimal MRT-proximity distances, as Singapore's transport accessibility premium remains one of the most reliable value drivers in the residential property market. The East-West Line's role as a major employment corridor further reinforces demand, as commuters value direct access to business districts and job clusters.

Which buyer profiles find 253 Jurong East Street 24 most suitable?

The development appeals strongly to first-time buyers establishing initial equity within the property market, given the affordable price points and established neighbourhood infrastructure that eliminate early-stage ownership uncertainty. Owner-occupier upgraders transitioning from older stock benefit from the combination of mature amenities and manageable acquisition costs, allowing them to achieve better space utilisation without overextending financing capacity. Young working professionals and small families seeking rental accommodation drive consistent tenant demand, making the development attractive to investor-focused purchasers targeting medium-term cash flow generation combined with modest capital appreciation. High-net-worth individuals generally favour the development as a portfolio holding offering diversification into HDB-grade assets with transparent market mechanics and established rental demand, rather than as a primary residence. The development's accessible price points and rental market maturity make it particularly suitable for investors building diversified property portfolios across multiple asset classes and price tiers.

What Total Debt Service Ratio headroom is available for typical buyers financing purchases at 253 Jurong East Street 24?

Buyers financing purchases at this development benefit from strong TDSR positioning relative to property price points, as HDB loan eligibility and financing conditions remain more flexible than those governing private property acquisitions. A property priced at S$500,000 financed through an HDB mortgage at 80% loan-to-value over a 25-year term generates monthly instalments of approximately S$2,200 to S$2,400, which for a working couple with combined household income of S$10,000 monthly typically represents a TDSR ratio around 24% to 28%, well within the maximum 60% threshold. This comfortable headroom provides capacity for additional debt servicing, whether for investment property mortgages, vehicle financing, or personal credit facilities. The development's entry-level pricing means that first-time buyers can achieve homeownership without consuming excessive debt servicing capacity, preserving financial flexibility for future life cycle events including family expansion or property portfolio development. Buyers with stronger income profiles enjoy even greater TDSR flexibility, creating opportunities for multiple property acquisitions or accelerated mortgage amortisation strategies.

How does 253 Jurong East Street 24 compare to competing HDB developments in Jurong East and adjacent neighbourhoods?

The development competes directly with other mature HDB blocks in the immediate Jurong East precinct, as well as with blocks in adjacent neighbourhoods including Bukit Batok and Lakeside that offer comparable MRT accessibility and neighbourhood amenities. Comparative analysis reveals that this development's per-square-foot pricing typically tracks within 5% to 8% of directly competing blocks, reflecting broadly similar transport accessibility and amenity profiles. Competing developments slightly closer to Jurong East's central commercial district may command modest premiums reflecting lower MRT walking distances, whilst blocks in outer neighbourhoods trade at corresponding discounts. The development's established resale market with consistent transaction activity provides superior price discovery relative to newer developments, offering buyers greater confidence in valuation accuracy. Prospective purchasers should benchmark specific units against 3 to 5 competing blocks across the broader Jurong East area, as micro-location factors including exact block position, floor levels, and individual unit orientation can create valuation variations of 10% to 15% independent of broader development-level fundamentals.

Which unit stacks and floor levels offer the best value at 253 Jurong East Street 24?

Mid-level units in blocks positioned at moderate distance from the main road typically offer compelling value, as they command floor-level premiums of 5% to 8% relative to lower levels whilst avoiding the 12% to 18% premiums that high-rise units attract. Units in the development's central blocks generally trade at modest discounts relative to edge blocks closest to the MRT station, yet offer improved value on a per-premium-dollar basis, particularly for investors where transaction frequency is high. South and east-facing units command modest orientation premiums in this neighbourhood, typically 3% to 5%, reflecting superior natural light and reduced afternoon heat exposure in Singapore's tropical climate. Second and third-level units in blocks positioned away from heavy traffic arteries offer particularly strong value propositions, as they enjoy floor-level premiums relative to ground-level units whilst avoiding the premium pricing that higher levels attract. Investment-focused buyers should consider units in blocks with established tenant turnover patterns and mid-range configurations, as these typically demonstrate the strongest rental performance relative to purchase price.

What future supply pipeline developments in Jurong East could impact property values at 253 Jurong East Street 24?

Jurong East's supply pipeline includes planned commercial developments and mixed-use projects that will further entrench the district's position as Singapore's secondary commercial hub, supporting long-term employment growth and residential demand. The expansion of retail and office space in the precinct, combined with ongoing investment in transport infrastructure and public amenities, indicates that neighbourhood fundamentals will remain robust across the next 10 to 15 year planning horizon. No major new residential supply is anticipated in the immediate vicinity of the development, meaning that supply-demand dynamics will continue to support modest capital appreciation driven by demographic demand and transport accessibility premiums. Long-term urban planning documents indicate that Jurong East will transition gradually toward higher-density mixed-use development with enhanced public realm improvements, potentially creating upside pressure on surrounding residential property values as the neighbourhood becomes increasingly attractive to affluent demographics. Investors should view the development's positioning within this long-term growth narrative as supportive of steady rental market performance and capital value preservation, though outsized appreciation opportunities may be limited relative to emerging developments in less-established districts.

Hdb Flat At 253 Jurong East Street 24 — From S$1,000