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: HDB Living in an Established Neighbourhood

Located at 293 Yishun Street 22, this HDB flat sits within one of Singapore's most mature and well-established public housing estates. Yishun has evolved into a thriving residential community over several decades, offering residents a balanced mix of housing stability, community infrastructure, and convenient transport links. The development is positioned in a neighbourhood that has consistently attracted owner-occupiers and investors alike, making it a notable property option within the broader Yishun market.

The flat occupies a compact footprint typical of efficient HDB unit design, optimising living space within a practical floor area. This layout appeals particularly to first-time buyers, downsizers, and property investors seeking entry-level or portfolio expansion opportunities. The unit type is characteristic of Singapore's HDB portfolio, designed to maximise functionality whilst maintaining affordability relative to private residential alternatives in comparable locations.

Transport Connectivity and Location Advantages

Situated approximately 1.15 kilometres from NS13 Yishun MRT Station, the development benefits from proximity to Singapore's extensive rail network. The Yishun station serves as a key interchange on the North-South Line, providing direct connectivity to major employment centres, retail hubs, and educational institutions across the island. A walking distance of roughly 14 minutes makes the MRT station reasonably accessible for daily commuters, whilst the station's position as a transport hub reinforces the area's appeal to working professionals and families requiring reliable public transport access.

The North-South Line connection is particularly valuable for residents commuting to the CBD, Marina Bay, or other southern districts where significant office and commercial activity is concentrated. This transport advantage has historically supported property demand in the Yishun area, as accessibility directly influences both rental appeal and capital value retention over medium to long-term holding periods.

Yishun Estate: A Mature Residential Community

Yishun is one of Singapore's older and larger public housing estates, characterised by extensive ancillary infrastructure that has developed alongside the residential zones over decades. The neighbourhood encompasses shopping malls, hawker centres, community clubs, healthcare facilities, and educational institutions that serve resident needs comprehensively. This maturity means the estate has reached a level of social stability and amenity saturation that attracts diverse buyer profiles, from young professionals to retirees and multi-generational households.

The estate's age, whilst increasing the average lease decay profile across its housing stock, has also meant that Yishun properties remain price-competitive relative to newer developments in outer regions. For investors evaluating entry points into the HDB market, this cost-efficiency combined with established transport links creates a pragmatic foundation for yield-oriented strategies or owner-occupation. The neighbourhood's consistent foot traffic and rental demand reflect its position as a stable, long-standing residential hub.

Investment Potential and Rental Market Dynamics

For property investors, HDB flats in Yishun have historically supported reliable rental demand driven by the estate's accessibility, diverse demographic mix, and proximity to employment corridors. The compact unit type at 293 Yishun Street 22 appeals to a broad tenant base including young professionals, students, and downsizers, all of whom are drawn by affordable rental rates and the convenience of MRT-proximate living. Rental yields in the Yishun HDB segment have remained competitive, though prospective investors should conduct thorough due diligence on individual lease tenures, local supply dynamics, and tenant demographics to project realistic returns.

The development's position within a mature estate means its rental market is well-established rather than speculative. Demand patterns are informed by years of transaction history, making it easier for investors to benchmark expected rental income and vacancy rates against comparable units in the same or adjoining blocks. This data transparency is a distinct advantage when structuring investment theses around HDB properties in established neighbourhoods.

Affordability and Market Positioning

HDB flats in Yishun, including units at 293 Yishun Street 22, represent some of the most accessible entry points into Singapore's residential property market. Compared to private developments or newer HDB estates in growth zones, the pricing reflects both the property's compact size and its position within a mature rather than high-demand expansion area. This affordability positioning makes the development particularly relevant for first-time buyers navigating the property ladder, downsizers seeking cost-effective housing solutions, and investors deploying capital into cash-generative rental assets.

The development also appeals to buyers who prioritise transport connectivity and established neighbourhood character over ultra-modern amenities or architectural prestige. For those valuing proximity to public transport, established shopping and dining options, and a stable residential environment, Yishun's proven track record offers tangible reassurance that capital invested here will remain liquid and demand-supported over typical holding periods.

Lease Tenure and Long-Term Ownership Considerations

As with all HDB flats, understanding the lease tenure structure is fundamental to evaluating long-term ownership viability and resale prospects. HDB leases are typically 99 years, and properties approaching the latter stages of their lease term experience accelerated capital decay and reduced financing availability from banks and financial institutions. Prospective buyers should verify the specific lease commencement date for the unit in question and model the impact of lease decay on their exit strategy, whether that involves resale, rental continuation, or eventual lease buyback programmes if introduced by the Housing and Development Board.

The Yishun estate's maturity means many blocks date from earlier development phases, which may place some units into mid-to-late lease stages. Buyers purchasing for owner-occupation should assess their projected holding period against remaining lease life, whilst investors must factor lease decay into yield calculations and exit timing to ensure adequate depreciation allowances and capital preservation.

Neighbourhood Amenities and Quality of Life

Living at 293 Yishun Street 22 places residents within an estate offering comprehensive daily-living infrastructure. Multiple shopping malls including Yishun 10 provide retail, dining, and entertainment options within short distances. Hawker centres throughout the estate deliver affordable meal options, whilst community facilities including libraries, sports complexes, and playgrounds support recreational and family needs. Healthcare facilities are similarly distributed across Yishun, ensuring medical services remain accessible without extensive travel.

Educational institutions, from primary to secondary level and beyond, are integrated throughout the estate, making it particularly attractive to families with school-age children. The maturity of these facilities means they are established, well-populated, and proven, rather than aspirational or under construction. This completeness of neighbourhood infrastructure is a hallmark of mature HDB estates and directly supports both owner occupation satisfaction and rental demand from tenants seeking convenience and self-sufficiency within a single residential zone.

Capital Appreciation and Market Resilience

Yishun's long history as a residential destination has demonstrated consistent, if moderate, capital appreciation over decade-scale periods. The estate has weathered multiple property cycles, economic downturns, and competitive pressure from newer estates, yet maintained its position as a stable, demand-supported neighbourhood. This resilience reflects the fundamental strength of its transport connectivity, the established social fabric of its communities, and the affordability positioning that appeals consistently across economic cycles.

For property buyers focused on capital preservation and steady appreciation rather than speculative gains, Yishun's track record offers comfort. The development at 293 Yishun Street 22, positioned within this broader neighbourhood context, benefits from this historical stability. However, prospective buyers should recognise that appreciation rates in mature estates typically lag newer developments in growth zones, aligning the development with a conservative, long-term wealth-building rather than aggressive capital growth strategy.

Frequently Asked Questions

What rental yield can investors expect from purchasing an HDB flat at 293 Yishun Street 22?

Rental yields for HDB flats in Yishun typically range from 3% to 5% gross annual return, depending on unit size, lease stage, and local market conditions at the time of acquisition. The development's proximity to Yishun MRT Station and position within a mature estate with established tenant demand support consistent rental income, though individual yields will vary based on purchase price and achievable monthly rent for the specific unit type. Prospective investors should conduct detailed comparisons of recent rental transactions for similar units within the same block or adjacent blocks to project realistic yields, accounting for property tax, maintenance contributions, and potential vacancy periods. The compact unit size typically attracts a broad tenant base including young professionals and downsizers, which can reduce vacancy risk compared to larger family-oriented units.

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

HDB flats in Yishun typically trade at price points reflecting the estate's maturity, transport accessibility, and lease stage rather than competitive pricing against newer estates in growth zones. Recent comparable transactions in the same or adjacent blocks provide the most reliable benchmark for assessing whether the current offering represents fair market value or relative appreciation. Buyers should request historical transaction data from HDB records or property records for identical or similar unit types within the same development to establish realistic price-per-square-foot expectations. Lease decay, block age, level position, and unit orientation all influence price-per-square-foot variations within Yishun itself, so broad estate-wide comparisons may mask significant individual unit value drivers. Engaging a property analyst to compare this specific offering against at least five recent comparable sales in the same block will provide the most actionable pricing insight.

What is the Additional Buyer's Stamp Duty (ABSD) impact for a Singapore Citizen buying a second residential property at this development?

Singapore Citizens purchasing a second residential property are subject to Additional Buyer's Stamp Duty (ABSD) at 20% on the purchase price, applied on top of standard buyer's stamp duty. For an HDB flat purchase at 293 Yishun Street 22, this represents a significant additional acquisition cost that must be factored into the total capital outlay and investment return calculations. For example, a property purchased at S$400,000 would incur ABSD of S$80,000, substantially increasing the effective entry price and the required cash down payment if financed. This ABSD liability is particularly relevant for investors expanding their portfolio or upgraders purchasing before selling their first property, and should be modelled carefully into financing feasibility and yield projections. Some buyers may reduce ABSD exposure by selling their first property before completing purchase of a second, though this strategy introduces timing risk and market exposure.

How does lease decay affect the resale value and long-term viability of units at 293 Yishun Street 22?

As an HDB property in Yishun, the development's lease tenure—typically 99 years from commencement—directly impacts long-term capital value and financing availability. Units in the mid-to-late lease stage experience accelerated capital decay, with banks typically reducing loan-to-value ratios as remaining lease life declines, making properties harder to finance and less attractive to future buyers. The specific lease commencement date for units at this address should be verified carefully; Yishun's age as an estate means some blocks date from the 1980s or earlier, potentially placing certain units 40+ years into a 99-year lease, which significantly impacts resale prospects and exit timing. Prospective buyers should calculate the remaining lease life against their intended holding period and model the property's likely value trajectory using historical depreciation patterns observed in similar-tenure HDB flats in the same district. Purchase decisions should be informed by realistic assumptions that lease decay will progressively compress capital value, particularly if the property is retained beyond 70 years of lease life, when financing becomes severely constrained and buyer demand narrows substantially.

How does proximity to Yishun MRT Station affect demand, capital appreciation, and rental yield for units at this development?

The 14-minute walking distance to NS13 Yishun MRT Station is a critical demand driver for 293 Yishun Street 22, significantly enhancing daily commuting convenience and broadening the tenant pool for rental purposes. Properties within 10-15 minutes' walk of established MRT stations have historically demonstrated stronger capital appreciation and rental demand resilience than those requiring longer walking distances or multiple-leg public transport journeys. Yishun MRT's position on the North-South Line provides direct connectivity to major employment zones, educational institutions, and retail hubs, making the development attractive to commuters whose workplace journey times are materially shortened compared to car-dependent alternatives. This transport advantage supports rental demand from tenants valuing convenient, low-cost commuting, and historically has insulated the area from severe demand downturns during economic contractions. Conversely, any future transport infrastructure changes—such as new MRT lines opening nearby—could shift demand patterns, though established MRT stations typically benefit from network expansion rather than experiencing demand displacement. Buyers prioritising accessibility and tenant demographic stability should view the MRT proximity as a foundational value driver supporting both owner-occupation satisfaction and investment performance.

Which buyer profiles are best suited to 293 Yishun Street 22, and why?

First-time homebuyers represent an ideal buyer profile for 293 Yishun Street 22, as the development's affordability, mature neighbourhood infrastructure, and MRT accessibility support entry-level owner-occupation without excessive financial stretch. The stable, established character of Yishun appeals to buyers seeking a lower-risk residential environment rather than speculative exposure to new developments, making it suitable for risk-averse first-timers prioritising capital preservation. Downsizers and retirees also find strong value in the compact unit type and mature estate's comprehensive amenities, which eliminate the need to manage large properties or navigate underdeveloped neighbourhoods. For property investors seeking income-generating assets with predictable tenant demand and modest capital outlays, the development offers a practical entry point into the HDB rental market, though investors should carefully evaluate lease tenure and remaining yield-generating years before committing capital. Young professionals and small household units represent a substantial existing tenant demographic in Yishun, making rental prospects favourable for investors acquiring units at this development, provided the lease stage supports medium-term hold periods without accelerated depreciation. High-net-worth individuals may find the development less relevant unless deploying capital into a diversified portfolio of income-generative smaller-lot assets.

How do TDSR (Total Debt Servicing Ratio) and financing headroom work for typical buyer profiles at this price point?

For HDB flats at 293 Yishun Street 22, typical financing involves HDB Housing Loans or bank mortgages, both of which operate under Total Debt Servicing Ratio (TDSR) constraints limiting total monthly debt obligations to approximately 60% of gross household income. A property financed at a typical 80% loan-to-value (LTV) over 25-30 years will result in monthly mortgage servicing that consumes a meaningful portion of household cash flow, requiring buyers to demonstrate stable income and minimal pre-existing debt obligations. First-time buyers utilising HDB concessional loans enjoy lower interest rates than bank financing, improving TDSR headroom; however, bank financing for non-HDB loans or investment purposes operates under stricter TDSR ceilings. Prospective buyers should model their personal TDSR position against the likely monthly servicing cost for their target acquisition price, accounting for existing hire-purchase obligations, personal loans, or credit card debt that all count toward the 60% ceiling. For investors, TDSR calculations must include both the mortgage on the new property and any existing residential mortgages, potentially constraining the amount available for new acquisitions. Engaging a mortgage broker or financial advisor to pre-assess financing feasibility before making an offer is prudent, particularly for buyers with complex debt profiles or multiple property exposures.

How does 293 Yishun Street 22 compare to competing HDB developments or newer estate alternatives in the broader market?

293 Yishun Street 22 competes primarily against other HDB flats within Yishun itself and against comparable-priced public housing in adjacent estates such as Sembawang, Woodlands, or Ang Mo Kio, each of which offers similar or marginally better transport connectivity or newer development ages. Compared to private residential alternatives at equivalent price points, the HDB flat offers superior affordability, government-backed legal protections, and rental market liquidity, though buyers sacrifice property design flexibility and premium amenities. Newer HDB estates on the urban fringe (such as Tengah or Punggol newer phases) may offer more modern architecture and potentially longer lease lives, though at the cost of longer MRT distances or earlier transport infrastructure maturity compared to Yishun's established North-South Line access. Competing HDB blocks within Yishun itself may offer better lease positioning, higher floor levels, or more desirable unit orientations at marginally different price points; thorough block-by-block comparison is essential to identify whether 293 Yishun Street 22 represents best value within the immediate peer set. For buyers prioritising transport, affordability, and neighbourhood establishment over architectural newness, the development holds competitive positioning; for those seeking longer lease tenures or premium finishes, newer developments may offer better long-term value despite higher acquisition costs.

Are certain unit stack levels or floor positions within 293 Yishun Street 22 better value than others?

Lower-floor units (ground to third level) typically trade at price discounts of 5-15% relative to mid-to-upper-floor equivalents, reflecting conventional buyer preferences for natural light, reduced noise from street-level activity, and perceptions of superior security at higher levels. However, lower floors often command stronger rental demand from tenants avoiding higher utility costs (lift usage and water pressure) and preferring accessibility for elderly or disabled household members, potentially supporting superior rental yields despite lower capital values. Mid-floor units (fourth to seventh level) often represent optimal value for owner-occupiers and investors, balancing privacy, light, and amenity convenience without commanding the premium prices of high floors. Upper-floor units (eight and above, where applicable in HDB blocks) attract buyers prepared to pay for panoramic views, reduced noise exposure, and psychological prestige, though lift maintenance costs and operational constraints may disadvantage these units during lift service interruptions. The specific configuration of 293 Yishun Street 22's block should be assessed individually; compact HDB blocks may have fewer levels than assumed, and mid-to-upper positioning typically delivers best cost-to-quality ratios. Prospective buyers should physically inspect units at various levels to assess natural light, noise profiles, and personal comfort before allowing conventional floor-based pricing premiums to override individual preference and investment returns.

What is the future supply pipeline for HDB developments in the Yishun district, and how might it affect property demand and appreciation?

The Yishun district, as a mature estate built out over preceding decades, faces limited new HDB supply relative to urban fringe areas like Tengah or Jurong Lake District, where large-scale new HDB developments are planned or under construction. This supply constraint supports the relative scarcity value of existing Yishun units, potentially providing defensive capital stability compared to areas facing imminent large-scale new-supply launches that typically suppress pricing in established neighbourhoods. However, planned transport infrastructure (such as potential future line extensions or estate infill developments) could incrementally add supply, moderating capital appreciation expectations; buyers should monitor Housing and Development Board announcements and Urban Redevelopment Authority (URA) master plans for any proposed Yishun-area development pipeline. The estate's age and density mean wholesale redevelopment is unlikely in the medium term, suggesting that Yishun properties will continue to derive value from scarcity and established infrastructure rather than development upside. For long-term investment horizons, the limited new supply in Yishun represents a positive factor supporting value stability and modest appreciation, though conservative assumptions regarding 2-3% annual capital growth are more prudent than higher expectations. Buyers should monitor estate renewal or selective en bloc redevelopment initiatives, though HDB estates rarely trigger en bloc scenarios given their public ownership and social housing mandate.

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