Type

Units

Min Area

Price Range

2 BR

700 sqft

S$498K

Property Highlights

HDB development with 1 unit currently available.
Prices currently start from S$498K.
For Singaporean second property buyers, ABSD applies at 20% of the purchase price, approximately S$99,600 on this acquisition.
Located 4 min (300 m) from DT22 Jalan Besar 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.

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28 Kelantan Road: A Mature HDB Development Near Jalan Besar

28 Kelantan Road stands as an established public housing development in one of Singapore's most vibrant neighbourhoods. Situated just four minutes walk—approximately 300 metres—from Jalan Besar MRT Station on the Downtown Line, this development offers exceptional connectivity to the wider island. The location places residents within easy reach of the Central Business District, cultural institutions, and major employment corridors, making it an attractive proposition for diverse buyer profiles.

The development comprises compact, well-proportioned two-bedroom units across approximately 700 square feet of built space. Each unit features two full bathrooms, reflecting contemporary living standards and offering practical comfort for small families, young professionals, and upgrading buyers. The floor plans optimise natural light and cross-ventilation, common hallmarks of thoughtfully designed HDB architecture in this mature precinct.

Connectivity and Transport Access

Jalan Besar MRT Station serves as the primary transport gateway, providing direct access to the Downtown Line. This positioning offers commuters seamless travel to Marina Bay, the financial sector, and suburban employment centres without requiring interchange. The station's proximity enhances daily convenience and significantly supports long-term capital appreciation, as research consistently demonstrates that HDB flats within 400 metres of MRT stations command stronger resale values and faster transaction cycles.

Beyond rail, the neighbourhood benefits from comprehensive bus services connecting to all major districts. The area's mature transport infrastructure means residents enjoy options for daily movement, whether commuting to work, accessing healthcare, or pursuing leisure activities across the island.

Neighbourhood Character and Amenities

The precinct surrounding 28 Kelantan Road reflects decades of established residential development, characterised by tree-lined streets, local shops, and community facilities. Within walking distance, residents discover supermarkets, food courts, clinics, and retail outlets serving daily household needs. The neighbourhood maintains a quieter, residential feel whilst remaining well-integrated into Singapore's urban fabric.

Schools of various levels operate within the vicinity, making the area particularly suitable for families with children. The maturity of the neighbourhood means most infrastructure and services are already established, reducing uncertainty about future amenities compared to newer developments.

Investment and Ownership Considerations

For investors evaluating this development, rental yield prospects remain competitive given the location's appeal to tenants. Proximity to educational institutions, the Central Business District, and transport infrastructure attracts young professionals, expatriate families, and short-term renters seeking convenient, well-connected accommodation. The established neighbourhood profile suggests stable tenant demand over extended holding periods.

Second-property buyers should note that acquiring an HDB flat as an investment incurs Additional Buyer's Stamp Duty at the current rate of 20% on the purchase price for Singapore Citizens. This represents a material acquisition cost and warrants consideration in financial planning alongside mortgage availability and cash flow projections.

Pricing and Market Position

Units at 28 Kelantan Road are currently offered from S$498,000 for the two-bedroom, two-bathroom configuration at 700 square feet. This price point reflects the development's established status, prime MRT proximity, and mature neighbourhood setting. The per-square-foot valuation sits within the competitive range for comparable HDB flats in this district, representing fair value for buyer profiles seeking both capital security and income generation.

Prospective purchasers should evaluate comparable recent transactions within the same MRT catchment to contextualise pricing. HDB flats in mature estates near busy MRT stations consistently demonstrate resilient resale values and steady appreciation over multi-year holding periods, supported by strong underlying tenant demand and limited new HDB supply in central areas.

Financing and Affordability

The price range positions units within the financing capacity of upgrading buyers transitioning from smaller HDB configurations and first-time buyers building housing equity. At typical mortgage quantum, the Debt-to-Service Ratio remains manageable for employed professionals with stable income streams. Banks readily provide financing for HDB purchases, with loan tenures extending to 35 years subject to age and income criteria.

Prospective buyers should engage directly with financial institutions to confirm individual lending capacity and obtain in-principle approvals before committing to purchase offers. The maturity and established status of HDB developments generally result in standardised appraisals and straightforward mortgage underwriting compared to newer projects.

Long-Term Value and Lease Considerations

As an HDB development, units typically carry 99-year leasehold tenures measured from the point of initial State construction. Buyers should verify the remaining lease duration for specific units, as lease age gradually influences resale values and financing availability in the secondary market. Nonetheless, HDB flats with remaining leases exceeding 80 years remain highly tradeable and continue to command strong buyer interest.

The Downtown Line's completion and ongoing transportation infrastructure investments in the broader region support sustained demand for well-located HDB stock near MRT stations. Properties in this category have historically weathered economic cycles and maintained buyer appeal across diverse interest-rate and market conditions.

Suitability Across Buyer Profiles

First-time buyers benefit from the development's affordability, secure location, and straightforward mortgage access, establishing a foundation for housing equity accumulation. Upgrading families appreciate the two-bedroom configuration and move-in readiness, whilst investors recognise the stable tenant demographics and rental uptake in established neighbourhoods. Young professionals value the compact layout and transport convenience for city-centre commutes.

The neighbourhood's quiet residential character suits buyers prioritising community stability and long-term occupancy, whilst the accessible price point accommodates varied budget parameters. The development therefore appeals to a broad spectrum of purchaser motivations and financial profiles.

Future Growth and District Dynamics

The Jalan Besar district continues to evolve as a mixed-use precinct balancing residential heritage with selective commercial and cultural development. Whilst large-scale new housing supply in this area is limited by established urban fabric, ongoing rejuvenation in surrounding precincts may enhance neighbourhood appeal and property values over extended timeframes. The stable, mature character of the neighbourhood suggests resilient long-term fundamentals rather than speculative appreciation cycles.

28 Kelantan Road remains an accessible, well-connected HDB development appealing to pragmatic buyers seeking secure tenure, convenient transport, and straightforward ownership in a vibrant part of central Singapore.

Frequently Asked Questions

What rental yield can an investor expect from purchasing a unit at 28 Kelantan Road?

Estimated gross rental yields for two-bedroom HDB flats in this location typically range between 3% to 4% per annum, based on current market rents for comparable units in the area. The proximity to Jalan Besar MRT and the established neighbourhood attract a steady stream of tenant demand from young professionals, expat families, and students seeking convenient central-location accommodation. Rental sustainability is supported by the mature amenities, educational institutions within walking distance, and the development's positioning along a major transport corridor, which collectively reduce tenant vacancy cycles.

How does the price per square foot at 28 Kelantan Road compare to recent transactions in the Jalan Besar area?

The asking price of approximately S$711 per square foot for the 700 sqft two-bedroom unit aligns competitively with recent market transactions for comparable HDB flats in the immediate Jalan Besar MRT catchment. Recent secondary market data shows HDB flats of similar size and age in this district trading in the range of S$680 to S$750 psf, placing this development firmly within the established valuation band. Buyers should verify recent comparable sales through public HDB resale records to ensure pricing reflects current neighbourhood conditions and interest-rate environments.

What is the Additional Buyer's Stamp Duty impact if I purchase as a second residential property?

Singapore Citizens acquiring a second residential property incur Additional Buyer's Stamp Duty at 20% of the purchase price, representing a material upfront cost beyond the standard Buyer's Stamp Duty. For a unit priced at S$498,000, the ABSD liability would be approximately S$99,600, payable at the point of completion. This 20% duty significantly increases total acquisition costs and should be carefully factored into investment analysis, financing capacity assessment, and return-on-investment calculations for buyer-investors or upgraders disposing of previous residential holdings.

What is the lease remaining on units at 28 Kelantan Road, and how does lease decay affect resale value?

HDB leases are standardised at 99 years from the date of initial State acquisition; prospective buyers must verify the exact remaining lease tenure for specific units they intend to purchase. Leases with 80 years or more remaining maintain strong marketability and financing accessibility, as banks readily provide full-tenure mortgages. However, leases below 80 years may encounter financing restrictions from some lenders and may experience gradual resale value depreciation in later years. Buyers should obtain official lease documentation from the Housing and Development Board to confirm tenure before committing to purchase.

How does proximity to Jalan Besar MRT Station influence long-term capital appreciation and demand?

Academic research and empirical Singapore property data consistently demonstrate that residential properties within 400 metres of operational MRT stations command significant valuation premiums and exhibit faster resale transaction cycles than comparable properties at greater distances. The four-minute walk to Jalan Besar MRT Station positions 28 Kelantan Road well within this premium catchment, supporting sustained buyer demand across economic cycles. The Downtown Line's critical role connecting the Central Business District to suburban centres ensures ongoing commuter traffic, which underpins stable tenant demand for rental-investment acquisitions and provides upgrading buyers with long-term occupancy confidence.

Is 28 Kelantan Road suitable for first-time buyers, upgraders, or purely investor-focused purchasers?

The development appeals effectively to all three profiles. First-time buyers benefit from the affordable entry price point, straightforward HDB mortgage access, and secure equity-building opportunity in an established neighbourhood. Upgrading buyers appreciate the move-in readiness, two-bedroom configuration suitable for small families, and convenient transport for city-centre commutes. Investor-purchasers recognise the stable tenant demographics, mature amenity infrastructure, and reliable rental demand supported by the MRT proximity. The development's flexibility across buyer motivations reflects its balanced positioning between affordability and convenience in a central location.

What Debt-to-Service Ratio headroom exists for typical purchasers at this price point?

For the primary price point of approximately S$498,000, a 70% loan-to-value mortgage (approximately S$348,600) over a 30-year tenure would require monthly mortgage payments of roughly S$1,450 at current prevailing interest rates near 3.5%. Employed professionals with monthly household income of S$4,500 or above retain comfortable TDSR headroom (typically maintaining ratios below 60%), allowing scope for additional personal or car loan obligations. Purchasers should engage banks directly to confirm individual lending capacity and obtain formal in-principle approvals, as final mortgage quantum depends on actual income documentation, existing liabilities, and age-related tenure restrictions.

What nearby HDB developments compete with 28 Kelantan Road, and how does it compare?

Comparable mature HDB developments within the Jalan Besar and Boon Keng MRT vicinity include blocks in the nearby Kelantan Road and Rochor Road precincts, which offer similar two- and three-bedroom configurations at broadly similar price points. 28 Kelantan Road's primary competitive advantage lies in its direct MRT adjacency and established neighbourhood maturity, which command investor and family buyer preference. Prospective purchasers should inspect recent comparable transactions across the wider zone to contextualise value, as pricing fluctuations between developments often reflect lease tenure, unit orientation, floor level, and minor locational variables rather than fundamental supply-demand shifts.

Which unit stacks or floor levels offer best value for money at this development?

Lower floors (2nd to 4th storeys) typically offer modestly better value than higher storeys, as they command marginally lower market premiums whilst retaining comparable amenity access and MRT convenience. Mid-range floors (5th to 15th levels) represent the sweet spot for balanced utility and resale appeal, offering light and ventilation benefits without the noise-proximity concerns sometimes associated with ground-level exposure to street activity. Top floors command valuation premiums of 3% to 8% above comparable mid-level units, reflecting enhanced light, privacy, and occasional views, but may not justify the premium for purely investment-focused buyers. Units facing quieter streets or interior courts may offer modest discounts versus facade-facing units, representing value opportunities for owner-occupiers less sensitive to street-view aesthetics.

What new HDB supply is planned in the broader Jalan Besar and Rochor district over the coming years?

The Jalan Besar and Rochor precincts fall within established urban fabric where new HDB construction is limited relative to suburban growth corridors such as Punggol, Sengkang, and Woodlands. The Housing and Development Board has progressively shifted new supply towards these outlying regions, creating relative supply constraints in mature central-location areas where 28 Kelantan Road is situated. This supply-demand imbalance historically supports steady appreciation for well-located mature stock near transport nodes, though price growth tends to track general market cycles rather than speculative supply-driven spikes. Buyers should consult official HDB plans and District Improvement Notices to confirm any localised regeneration or rejuvenation initiatives that might influence neighbourhood dynamics over extended holding periods.

[For Sale] 28 Kelantan Road — From S$498K