Type

Units

Min Area

Price Range

Other

120 sqft

S$800/mo – S$1,600/mo

Property Highlights

HDB development with 2 units currently available.
Prices currently range from S$800 to S$1,600.
For Singaporean second property buyers, ABSD applies at 20% of the purchase price, approximately S$160 on this acquisition.
Located 14 min (1.15 km) from NS13 Yishun 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.

293 Yishun Street 22: Established HDB Living in Yishun

293 Yishun Street 22 represents a well-established residential block serving the Yishun community with rental and ownership opportunities. Positioned in one of Singapore's most developed residential estates, this development offers practical housing solutions for both owner-occupiers and property investors seeking exposure to a mature, stable neighbourhood with consistent demand for residential accommodation.

The block sits within the broader Yishun precinct, a district that has evolved into a thriving residential and commercial hub over the past few decades. Properties in this locality attract diverse buyer and tenant profiles, from young professionals commuting to the city centre to families prioritising proximity to established schools and community infrastructure. The neighbourhood's maturity brings predictability to rental demand and established tenant demographics, factors that appeal to buy-to-let investors evaluating yield potential.

Location and Transport Connectivity

Situated approximately 14 minutes' walk and 1.15 kilometres from NS13 Yishun MRT Station, the development benefits from strong transport connectivity. The Yishun MRT station serves the North-South Line, one of Singapore's busiest trunk routes, providing direct connectivity to the Central Business District, major employment nodes, and other key destinations across the island. This proximity to a major MRT interchange enhances the block's appeal to tenants and future buyers, as commute times to work and leisure destinations remain competitive within the broader property market.

Walking distance to the MRT station reduces reliance on personal vehicles and supports demand from car-lite households. The station's accessibility also bolsters foot traffic to surrounding commercial and retail zones, creating a vibrant street-level environment that benefits both residents and local businesses. For investors, this accessibility translates to a broader tenant pool and reduced vacancy risk, as the location attracts working professionals, students, and service-sector employees dependent on public transport.

Neighbourhood Character and Amenities

Yishun has matured into a comprehensive residential ecosystem with layered amenities catering to day-to-day living needs. The estate incorporates multiple retail centres, food courts, and dining establishments serving resident populations and transient commuters. Healthcare facilities, including polyclinics and private medical centres, are well-distributed throughout the neighbourhood, ensuring residents have accessible options for primary and specialist care.

Educational institutions in and around Yishun serve families at every stage, from early childhood centres to secondary schools. These facilities underpin demand from family-oriented occupants upgrading or downgrading within the residential ladder. Community centres and recreational spaces, including parks and sports facilities, provide lifestyle amenities that appeal to residents valuing work-life balance and community participation.

Property Type and Investment Considerations

As an HDB flat, units within this development are subject to standard public housing regulations and market dynamics. HDB properties in established precincts like Yishun have demonstrated resilience in rental and resale markets, as their affordability relative to private residential options sustains consistent demand across economic cycles. Rental yields from compact units in this locality typically reflect the balance between achievable monthly rents and acquisition costs, with investors in the Yishun area historically enjoying single-digit to low double-digit yield profiles depending on unit configuration and acquisition price.

The leasehold nature of HDB tenures carries implications for long-term capital appreciation and resale viability. As leases age, resale demand may taper and valuations may decline relative to younger blocks, a consideration for investors with multi-decade holding horizons. However, the maturity and established tenant base within Yishun may mitigate some downside risk compared to peripheral estates, as the neighbourhood's centrality and infrastructure ensure continued residential demand even as individual blocks age.

Financing and Buyer Profiles

The accessible price point of HDB units in Yishun positions this development as suitable for first-time buyers seeking entry into home ownership, upgraders transitioning from smaller units or other estates, and downsizers moving from private residential properties. Financing headroom remains considerable for most buyer profiles, as HDB prices typically sit well within the debt serviceability thresholds that banks apply to mortgage applications. Buyers should expect to contribute a down payment from their Central Provident Fund (CPF) savings and, if required, mobilise additional cash for costs including stamp duty, legal fees, and inspection expenses.

Second-property investors purchasing units here would trigger Additional Buyer's Stamp Duty at the rate of 20% on the purchase price, a material cost that should be factored into investment appraisals and expected return calculations. This tax substantially elevates acquisition costs and extends payback periods, making careful yield analysis essential before committing capital to a second residential property.

Estate Management and Maintenance

HDB blocks benefit from centralised management and standardised maintenance protocols overseen by the Housing and Development Board and resident-elected management corporations. Maintenance charges in Yishun estates are typically moderate relative to private residential schemes, reflecting the efficiency of public-sector property administration and the absence of premium lifestyle amenities that inflate service costs in private developments. These predictable outgoings support investor confidence in net-of-cost yield calculations and simplify budgeting for owner-occupiers.

Market Position and Supply Dynamics

Yishun's established status means the district is unlikely to experience transformative new supply in the near term. Rather, the market will remain shaped by resales and rental turnover within existing stock, creating a relatively stable competitive environment. Investors evaluating acquisition here benefit from clarity that new large-scale competing developments are unlikely to emerge immediately adjacent, supporting medium-term rental demand and capital stability.

Properties in this estate compete primarily against other HDB blocks in Yishun and neighbouring estates rather than new private launches. This competitive set provides transparency on prevailing rental rates and resale transaction multiples, aiding pricing discipline and return estimation.

Suitability for Different Buyer Archetypes

First-time buyers will find 293 Yishun Street 22 an accessible entry point into ownership, with affordable acquisition costs and manageable financing requirements. The established neighbourhood offers stability and proven tenant demand, reducing regret risk associated with emerging or speculative precincts.

Upgraders relocating within or into Yishun can leverage the block's connectivity and mature amenities as a platform for improved quality of life whilst maintaining affordability relative to private residential alternatives. Investors targeting steady rental yields will appreciate the locality's consistent tenant demand and straightforward asset class characteristics that minimise capital volatility and administrative complexity.

Downsizers transitioning from private residential properties may find the block's affordability and maintenance efficiency appealing, particularly if lifestyle priorities shift toward lower-touch ownership and reduced property-related expenditure.

Frequently Asked Questions

What rental yield can I expect if I purchase a unit at 293 Yishun Street 22 as an investment?

Rental yields from HDB units in Yishun typically range between 3% and 6% gross, depending on unit size, condition, and the specific rental rate achievable at the time of acquisition. A compact unit renting for approximately S$800 per month would deliver different yield profiles at different purchase prices; at a S$200,000 acquisition cost, this yields around 4.8% gross, before deducting maintenance charges, property tax, and other outgoings. Investors should model net yields by factoring in HDB maintenance charges (typically S$30–S$60 monthly), void periods between tenants, and any administrative costs. The Yishun neighbourhood's established status and proximity to the MRT station support consistent tenant demand, reducing vacancy risk relative to peripheral precincts and underpinning realistic yield assumptions.

How does pricing per square foot at 293 Yishun Street 22 compare to recent HDB transactions in Yishun?

HDB pricing in Yishun has historically tracked within a defined range tied to lease age, unit configuration, and floor level, with per-square-foot valuations adjusting as blocks age and market conditions shift. Recent transactions in the estate have typically seen per-square-foot values influenced by lease remaining, proximity to the MRT, and unit renovation status; blocks closer to maturity may trade at lower per-square-foot multiples than younger adjacent blocks. Without access to a specific comparable transaction database, buyers should obtain a valuation report from a licensed HDB surveyor to benchmark acquisition price against recent arm's-length sales in the immediate vicinity. The neighbourhood's maturity and stable tenant demand generally stabilise per-square-foot valuations relative to emerging estates, reducing the risk of dramatic repricing.

What is the Additional Buyer's Stamp Duty (ABSD) impact if I buy this as a second residential property?

Singapore Citizens purchasing a second residential property incur Additional Buyer's Stamp Duty at 20% of the purchase price, calculated on top of standard Buyer's Stamp Duty and all other acquisition costs. For a S$200,000 HDB unit, the 20% ABSD would total S$40,000, materially elevating total acquisition outlay and extending the payback period for investment returns. This tax is payable upfront at the time of purchase and significantly impacts the viability of a buy-to-let strategy; investors must model returns on a net-of-ABSD basis to ensure expected yields justify the elevated capital requirement. This is a material consideration that distinguishes second-property investment from first-time owner-occupier purchases, which do not face ABSD.

What is the lease decay risk for units at 293 Yishun Street 22, and how might this affect resale value?

293 Yishun Street 22 is an established block whose exact remaining lease tenure determines capital longevity and resale demand over multi-decade horizons. HDB blocks with remaining leases in the 80–99 year range remain desirable to owner-occupiers and investors, as the property will retain utility and marketability beyond typical holding periods. However, as leases decay toward the 60–70 year threshold, resale demand may begin to soften, and valuations may compress relative to younger blocks, as banks may tighten financing eligibility and prospective buyers may perceive capital risk. For medium-term investors (5–15 year horizons), lease decay risk remains manageable if the block's remaining tenure remains above 80 years at purchase. Long-term speculators must monitor lease progression and plan exit strategies before meaningful lease decay occurs, typically around the 70-year mark.

How does proximity to Yishun MRT Station affect demand and capital appreciation for this development?

Proximity to NS13 Yishun MRT Station, situated just 14 minutes' walk away, is a primary demand driver for rental and purchase inquiries at this development. The North-South Line's connectivity to the CBD, major business parks, and transport interchanges ensures a consistent pool of commuting professionals and service workers willing to pay market-rate rents for convenient accommodation. This transport accessibility supports resilient rental demand and capital appreciation relative to distant estates, as commute-sensitive buyer and tenant cohorts value time and cost savings inherent to MRT proximity. Capital appreciation at developments within walking distance of major MRT stations has historically outpaced that of car-dependent precincts, reflecting sustained demand from transport-dependent populations. Future improvements to the Yishun MRT interchange or extensions to the North-South Line could further enhance accessibility and support upside to valuations.

Is 293 Yishun Street 22 suitable for first-time buyers, upgraders, investors, or a mix of profiles?

This development appeals to multiple buyer archetypes. First-time buyers appreciate the affordable entry point, stable neighbourhood, and proximity to established schools and community infrastructure; the block's maturity and proven tenant base reduce regret risk associated with untested precincts. Upgraders relocating within Yishun value the established amenities, transport connectivity, and lifestyle quality available at an affordable price relative to private residential alternatives. Property investors targeting steady rental income are drawn to the consistent tenant demand, manageable acquisition cost, and transparent market comparables that enable disciplined yield estimation. Downsizers from private residential properties may find the maintenance efficiency, affordability, and lower property-related burden appealing. The block's versatility across buyer profiles underpins stable demand and reduces concentration risk if any single cohort's market appetite weakens.

What TDSR headroom and financing capacity exists at typical price points for units at this development?

HDB units in Yishun typically trade at price points enabling owner-occupiers to access financing with healthy debt-service coverage ratios. A buyer purchasing a unit at approximately S$200,000 and contributing a typical S$50,000 down payment from CPF would require financing of S$150,000. At current mortgage rates (circa 3–3.5%), monthly loan repayments would approximate S$950–S$1,050 over a standard 25-year tenure, positioning the property within reach of households with combined annual incomes exceeding S$60,000–S$70,000. Banks typically apply a TDSR (Total Debt Service Ratio) ceiling of 55%, meaning a household's total monthly debt obligations (mortgage, car loans, credit cards, personal loans) must not exceed 55% of gross monthly income. A household with gross monthly income of S$2,000 could theoretically service approximately S$1,100 in total debt monthly; for HDB buyers without competing debt obligations, this provides substantial financing headroom. First-time buyers benefit from CPF withdrawal advantages that reduce cash down-payment requirements, improving accessibility further.

How does 293 Yishun Street 22 compare to nearby competing HDB blocks and private residential alternatives?

293 Yishun Street 22 competes primarily against other established HDB blocks within Yishun estate and adjacent precincts, as well as private residential developments in the broader northern corridor. Compared to nearby HDB alternatives, the block's lease remaining, floor-plan configurations, and MRT proximity determine relative pricing and appeal; blocks with younger leases or superior floor plans may command slight premiums, whilst older-lease blocks may trade at discounts. Relative to private residential properties in the same geographical zone, HDB units offer substantially lower acquisition costs and lower maintenance charges, appealing to budget-conscious buyers and investors requiring higher capital efficiency. However, private developments typically offer premium amenities, security standards, and architectural finishes that justify higher price points for lifestyle-oriented buyers. The block's competitive positioning within the HDB universe rather than against private developments reflects its core market appeal and value proposition.

Which unit stack levels or floor positions offer the best value for money at this development?

HDB pricing within a single block typically reflects floor level, unit orientation, and exposure to natural light and ventilation; higher floors often command premiums of 2–5% relative to lower storeys, whilst units with superior orientation (away from main roads, capturing afternoon light) may trade at slight premiums. Middle to upper-middle floors (typically floors 10–20 in a 25–30 storey block) often offer optimal balance between price and amenity; they provide superior natural light and reduced ambient noise relative to lower floors, yet avoid the premium pricing associated with penthouse stacks. Corner units may offer superior ventilation and light but command pricing premiums that may not justify the uplift for pure-investment buyers prioritising yield. For rent-focused investors, mid-stack units on quieter orientations often deliver competitive returns relative to premium-priced high-floor alternatives, as tenant demand is relatively indifferent to floor level and orientation when rental affordability is the primary driver. Buyers should inspect comparable units at different levels to calibrate personal preferences against pricing differentials.

What is the future supply pipeline for new HDB units in the Yishun district, and how might this affect property demand?

Yishun is an established residential estate where future supply is likely to be limited to redevelopment or infill projects rather than large-scale new block launches. The district has reached maturity in terms of spatial planning and residential density, meaning the HDB Build-to-Order (BTO) programme is focusing new supply on expanding precincts further north and east rather than densifying Yishun further. This relative supply scarcity supports medium to long-term demand stability for existing blocks, as prospective buyers unable to secure BTO units in their preferred precincts may gravitate toward resales in mature, established estates. The absence of imminent new large-scale competing supply protects the resale and rental markets from disruptive pricing pressure, underpinning capital stability for existing property owners. Investors should monitor HDB announcements regarding any infill projects or major redevelopments in Yishun, as such initiatives could alter the long-term supply-demand balance and valuations.

Hdb Flat At 293 Yishun Street 22 — From S$800