Type

Units

Min Area

Price Range

Other

150 sqft

S$950/mo

Property Highlights

HDB development with 1 unit currently available.
Prices currently start from S$950.
For Singaporean second property buyers, ABSD applies at 20% of the purchase price, approximately S$190 on this acquisition.
Located 2 min (160 m) from CC16 Marymount 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.

304 Shunfu Road: HDB Living Near Marymount MRT

Situated at the heart of a well-established residential precinct, 304 Shunfu Road represents a compelling option for buyers and renters seeking convenient access to one of Singapore's key transport nodes. The development's proximity to Marymount MRT Station (CC16) places residents within just 160 metres—a two-minute walk—of the Circle Line, facilitating seamless connections to the Central Business District, Marina Bay, and beyond. This strategic location has positioned the project as an attractive destination for working professionals, downsizers, and property investors alike.

The Marymount area itself has evolved into a mature, family-friendly neighbourhood characterised by quality HDB stock and thoughtful urban planning. Residents benefit from an established network of amenities, including supermarkets, hawker centres, and dining options within walking distance. The proximity to both educational institutions and recreational spaces adds to the area's appeal, making it particularly suitable for households balancing career advancement with lifestyle considerations.

Connectivity and Transport Advantages

Access to the Circle Line via Marymount MRT Station is a defining feature of 304 Shunfu Road's value proposition. The Circle Line serves as a major orbital route connecting multiple business districts, residential zones, and leisure destinations across Singapore. For commuters, this translates into reliable journey times to the CBD, the Marina Bay financial precinct, and employment hubs in the east and west. The station's integration with bus services further enhances last-mile connectivity, reducing dependency on private transport and lowering household mobility costs.

For property investors evaluating rental demand, the transport connectivity factor carries substantial weight. HDB units in close proximity to MRT stations historically command premium rents and enjoy lower vacancy rates compared to developments further from transit hubs. The walkable distance to Marymount MRT positions 304 Shunfu Road as an attractive proposition for tenants—whether young professionals seeking short commutes or expats requiring straightforward access to city employment centres.

Property Characteristics and Buyer Profiles

The development comprises compact, efficient units that appeal to distinct buyer segments. First-time buyers entering the HDB market often favour smaller floor plates for their affordability and ease of maintenance. Downsizers transitioning from larger landed properties appreciate the reduced upkeep burden whilst maintaining proximity to essential services. Investors pursuing rental income strategies view smaller units as accessible entry points with relatively robust tenant demand in the area.

The architectural layout and unit configurations reflect practical design principles suited to contemporary urban living. Efficient floor plans maximise usable space, whilst shared building facilities and managed grounds reduce individual maintenance responsibilities. This positioning makes 304 Shunfu Road particularly attractive to buyers prioritising convenience and cost-effectiveness without compromising on accessibility or neighbourhood quality.

Investment Potential and Rental Yields

From an investment standpoint, HDB developments in established constituencies with strong MRT access have demonstrated resilience across market cycles. Rental demand for units at 304 Shunfu Road remains robust, driven by the catchment of working professionals and students requiring affordable, well-located accommodation. The nearby presence of tertiary institutions and corporate offices sustains consistent tenant enquiry, supporting yield expectations for owner-investors.

Prospective buyers considering this development as an investment should account for Additional Buyer's Stamp Duty (ABSD) at the rate of 20% on the purchase price if acquiring a second residential property as a Singapore Citizen. This upfront cost impacts overall capital requirement and must be factored into yield projections and cash flow analysis. Over the medium to long term, however, the location's transport accessibility and neighbourhood maturity provide reasonable grounds for capital appreciation, particularly if the broader Marymount precinct continues to attract development and economic activity.

Market Position and Comparable Analysis

The Marymount constituency has established itself as a competitive segment within Singapore's HDB market. Price per square foot across recent transactions in the area reflects the locality's popularity and infrastructure credentials. 304 Shunfu Road's location relative to competing developments in the vicinity positions it favourably for buyers seeking a balance between affordability, connectivity, and neighbourhood character. The mature estate setting, combined with MRT proximity, differentiates it from newer but more remote HDB projects on Singapore's periphery.

For buyers evaluating multiple options within the wider District 10 area, 304 Shunfu Road merits detailed consideration alongside other established constituencies. Comparative analysis of recent transaction data, rental rates, and future supply pipelines will inform individual purchasing decisions. The development's track record as a stable, well-serviced residential enclave provides confidence to both owner-occupiers and investors.

Financing and Affordability Considerations

At prevailing HDB price points for developments in this locality, Total Debt Service Ratio (TDSR) and mortgage loan eligibility remain manageable for most buyer categories. Banks typically offer Housing Development Board loans at competitive terms, with maximum loan tenures aligned to buyer age and property lease remaining. For first-time buyers, enhanced schemes and grants may improve affordability further, reducing the required cash deposit and expanding access to this market segment.

The compact nature of units at 304 Shunfu Road often translates to lower absolute purchase prices compared to larger configurations, improving entry-level affordability. Prospective buyers should engage with their financial institutions early in the acquisition process to confirm loan eligibility, monthly repayment capacity, and any additional requirements specific to HDB financing.

Long-Term Outlook and District Development

The Marymount area remains subject to Singapore's broader urban planning framework, with ongoing initiatives aimed at rejuvenating and densifying mature estates. Future improvements to transport infrastructure, public spaces, and amenities will likely enhance the area's appeal and support sustained property values. Buyers acquiring units at 304 Shunfu Road can reasonably expect the neighbourhood to remain a desirable residential location, supported by its central location and established community fabric.

Lease decay—a consideration for leasehold properties—is relevant to HDB acquisitions at various stages of their lease cycle. Buyers must verify the remaining lease tenure and understand how lease expiry may affect long-term resale value. Government renewal policies and market sentiment regarding HDB resale transactions will continue to shape investment outcomes, and prospective purchasers should remain informed of any policy developments affecting older estates.

Frequently Asked Questions

What rental yield might I expect if I purchase a unit at 304 Shunfu Road as an investment property?

Rental yields for HDB units in established constituencies with strong MRT access typically range between 3% to 5% gross annual yield, depending on unit size, floor level, and prevailing market rents. At 304 Shunfu Road, the proximity to Marymount MRT Station (CC16) supports consistent tenant demand from working professionals and students, which historically sustains rental rates above developments further from transit hubs. However, yields are calculated on the net purchase price after accounting for Additional Buyer's Stamp Duty (ABSD) at 20% for a second residential property, which significantly increases your upfront capital outlay and impacts overall return calculations. To estimate realistic yield, you should survey current rental advertisements for comparable units in the Marymount area, calculate monthly rental income net of conservancy and management fees, and factor in potential vacancy periods and maintenance costs.

How do prices per square foot at 304 Shunfu Road compare to recent HDB transactions in the Marymount area?

Recent transactions across the Marymount constituency reflect the location's popularity and accessibility to the Circle Line, with price per square foot generally ranging between S$800 to S$1,200 depending on unit configuration, floor level, and remaining lease tenure. 304 Shunfu Road, as an established development with direct MRT proximity, typically positions competitively within this range, offering good value for buyers prioritising connectivity over newer architectural features found in more recent estate rejuvenation projects. Comparing transaction records from the Urban Redevelopment Authority (URA) database for properties sold in the past 12 months across the postcodes serving the Marymount corridor will provide concrete benchmarks for evaluating whether specific units represent value relative to alternatives in the locality. Units on lower floors or with less desirable exposure may trade at discounts of 5% to 10% compared to higher or better-oriented counterparts, reflecting buyer preferences for natural light and perceived privacy.

What is the Additional Buyer's Stamp Duty (ABSD) impact if I purchase a second residential property at 304 Shunfu Road as a Singapore Citizen?

As a Singapore Citizen purchasing a second residential property, you are liable for Additional Buyer's Stamp Duty at the current rate of 20% on the purchase price. This is a one-time, non-recoverable cost payable at the point of legal completion. For example, if you purchase a unit at 304 Shunfu Road for S$500,000, you must remit an additional S$100,000 in ABSD, bringing your total stamp duty and related upfront costs to a substantial figure that materially affects your cash requirement and investment returns. This duty is separate from standard Buyer's Stamp Duty and does not count toward mortgage eligibility calculations; therefore, you must have sufficient liquid capital to cover it at settlement. Careful financial planning, including stress-testing your annual income against total debt obligations post-acquisition, is essential to ensure the investment remains affordable and does not overextend your debt service capacity beyond prudent lending thresholds.

Are there lease decay risks at 304 Shunfu Road, and how might this affect long-term resale value?

HDB flats at 304 Shunfu Road are held on either 99-year or 999-year lease terms, depending on when the property was originally sold. Units on a 99-year lease will eventually experience lease decay as the tenure shortens—typically, resale value begins to decline more sharply once the remaining lease falls below 80 years, and depreciation accelerates as it approaches 70 years or lower. The government's Home Improvement Programme (HIP) and potential lease renewal schemes provide some mitigation, but buyers must carefully verify the exact lease tenure and age of the development to understand their long-term capital preservation outlook. Properties with 999-year leases face minimal lease decay risk over practical investment horizons, whilst 99-year leasehold properties require more cautious evaluation, particularly for buyers intending to hold beyond 20 to 30 years. Prospective purchasers should consult the HDB or a conveyancing solicitor to confirm the exact remaining lease tenure and any planned renewal or enhancement programmes affecting the development.

How does proximity to Marymount MRT Station (CC16) influence demand and capital appreciation prospects?

MRT proximity is one of the most significant drivers of HDB capital appreciation and rental demand, as it directly reduces commute times and living costs for tenants and owner-occupiers. Marymount MRT Station's location on the Circle Line provides orbital connectivity to multiple business and leisure districts, making 304 Shunfu Road attractive to a broad demographic of working professionals, students, and families. Historical data across Singapore's HDB market consistently shows that properties within 500 metres (a 6-minute walk) of MRT stations command price premiums of 10% to 20% compared to similarly-sized units 1–2 kilometres away, reflecting the tangible value of transport accessibility. Over medium to long-term investment horizons, the combination of established MRT connectivity and a mature, well-serviced neighbourhood supports reasonable capital appreciation expectations, assuming broader economic growth and continued demand for centrally-located residential stock. Conversely, a future major transport disruption or overcrowding at the station could theoretically impair demand; however, such scenarios are unlikely given Singapore's integrated transport planning.

Which buyer profiles are best suited to 304 Shunfu Road, and why?

304 Shunfu Road appeals across multiple buyer segments, each for distinct reasons. First-time HDB buyers benefit from compact, affordable units with straightforward financing via HDB loan schemes and proximity to employment hubs, reducing commute costs and improving work-life balance. Young professionals and early-career workers value the mature estate setting, nearby amenities (hawker centres, supermarkets, gyms), and direct MRT access, allowing them to forgo or minimise private vehicle ownership. Downsizers transitioning from larger landed properties appreciate the managed maintenance burden, security, and convenient location without sacrificing accessibility to services or community. Investors pursuing rental income strategies are drawn to the stable tenant demand, competitive price-to-rent ratios, and low vacancy rates stemming from MRT proximity. Expat residents may find the neighbourhood's established infrastructure and English-friendly services attractive for medium-term leasing. Families with school-age children benefit from the area's proximity to educational institutions and the planned, safe environment of a mature HDB estate. Each profile should conduct specific due diligence aligned to their investment horizon, financing capacity, and lifestyle priorities.

What TDSR and mortgage financing headroom should I expect at 304 Shunfu Road's typical price points?

HDB loan eligibility and Total Debt Service Ratio (TDSR) thresholds are set by the HDB and financial institutions, typically allowing monthly debt servicing up to 30–35% of gross household income (depending on the lender and borrower age). At typical price points for 304 Shunfu Road—ranging from approximately S$400,000 to S$650,000—monthly mortgage repayments on a 30-year tenor would generally be between S$1,500 to S$2,500, depending on down payment and interest rates. For a household earning S$6,000 per month, the TDSR headroom may be tight if other outstanding debts (car loans, credit cards, personal loans) are present, requiring careful financial planning and possibly extending the loan tenure or increasing the cash deposit to improve affordability. First-time HDB buyers may benefit from HDB's Enhanced Housing Loan, which permits loans up to 90% of the property price or S$500,000 (whichever is lower), reducing upfront cash requirements. Prospective purchasers should pre-qualify with their financial institution to confirm maximum loan availability and monthly repayment capacity, factoring in rising interest rates and potential future expense increases to ensure sustainable debt servicing across changing life circumstances.

How does 304 Shunfu Road compare to other HDB developments in the nearby Marymount and wider District 10 area?

The Marymount and District 10 catchment encompasses several established HDB estates, including developments in nearby Bishan, Ang Mo Kio, and Toa Payoh, each with distinct characteristics and price points. 304 Shunfu Road's principal competitive advantage is its direct, walkable proximity to Marymount MRT Station, which newer but more geographically remote HDB estates may lack, making it more attractive to MRT-dependent households. Price-per-square-foot comparisons across the district reveal that 304 Shunfu Road typically aligns with or trades slightly below comparable units in similarly aged, MRT-adjacent developments, reflecting its mature estate credentials and accessibility. However, some competing developments may offer larger floor plates, additional on-site facilities (community gardens, sports courts, or childcare centres), or more recent architectural upgrades, which could justify marginally higher asking prices depending on buyer priorities. Evaluation should extend beyond headline price to encompass lease tenure, remaining lease, unit condition, floor level, orientation, and the specific combination of amenities and services available within walking distance. Savvy buyers will conduct a structured comparison matrix across their shortlisted developments to isolate the trade-offs between price, location, and amenity offerings that align with their personal or investment objectives.

What floor levels or unit stacks at 304 Shunfu Road offer the best value for money?

Floor level and unit position significantly influence buyer preferences and pricing at HDB developments. Mid-range floors (5th to 15th storeys) typically offer the best balance between perceived privacy, natural light, and price, as they avoid the premium associated with penthouses and top floors whilst sidestepping the perceived disadvantages (noise, fumes, privacy concerns) of ground and lower floors. Units with north or east-facing windows often command premiums for morning light and natural ventilation, whilst south or west-facing aspects may trade at modest discounts, though personal preference varies widely. Corner units with dual-aspect exposure typically attract price premiums of 5% to 10% compared to mid-block units of identical size and floor level, reflecting their superior light and ventilation. For value-conscious buyers, lower-floor units (3rd to 6th storeys) or units with less optimised orientation may offer genuine savings of 3% to 8% without materially compromising livability, particularly if the buyer prioritises proximity to lift lobbies or accepts moderate afternoon sun exposure. Investment-focused buyers should prioritise units most likely to appeal to the broadest tenant demographic—typically mid-range floors with neutral, serviceable aspects—rather than pursuing outlier premium positions that may face longer vacancy periods or lower rental demand.

What is the future supply pipeline for HDB and residential developments in the Marymount and District 10 area?

Singapore's broader HDB development strategy emphasises rejuvenation and densification of mature estates whilst carefully managing new supply to prevent oversupply in established neighbourhoods. The Marymount area is classified as mature and has already received infrastructure investment through MRT development and estate upgrading programmes, with major new greenfield HDB supply more likely to emerge in growth areas further from the CBD or in designated high-growth zones like Tengah or Punggol. In the medium term (5–10 years), potential Government Land Sales (GLS) sites in District 10 and adjacent areas could introduce new competition, but these are typically released to respond to demographic needs rather than to flood the market with supply. The absence of large-scale, imminently-planned new HDB or private residential developments in immediate proximity to 304 Shunfu Road suggests limited acute supply-driven downside risk to property values; however, if a major GLS site for mixed-use residential and commercial development were to be announced adjacent to Marymount Station, this could increase localised supply and potentially moderate near-term capital appreciation. Buyers should monitor regular HDB Land Sales announcements and URA Master Plan updates to stay informed of material supply changes, but the mature, well-served character of the Marymount constituency suggests it will remain a stable, relatively supply-constrained market relative to far-flung developments.

Hdb Flat At 304 Shunfu Road — From S$950