Type

Units

Min Area

Price Range

3 BR

990 sqft

S$600K

Property Highlights

HDB development with 1 unit currently available.
Prices currently start from S$600K.
For Singaporean second property buyers, ABSD applies at 20% of the purchase price, approximately S$120K on this acquisition.
Located 10 min (800 m) from EW23 Clementi 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.

349 Clementi Avenue 2: A Established Resale HDB Development in Central West Singapore

349 Clementi Avenue 2 represents a significant HDB resale opportunity in one of Singapore's most established residential precincts. Situated in District 5, the development commands a strategic position within the Clementi planning area, an inherently mature neighbourhood that has consistently attracted families, professionals, and savvy investors seeking properties with stable fundamentals and proven rental demand.

The development's proximity to EW23 Clementi MRT Station—accessible within a 10-minute walk of approximately 800 metres—positions residents within the broader East-West Line network. This accessibility forms a cornerstone of the area's appeal, enabling straightforward commuting to business hubs across the island, including the CBD, Marina Bay, and Changi airport corridor. For working professionals and families juggling multiple destinations, this connectivity reduces travel friction considerably.

Unit Specifications and Living Space

Current units within 349 Clementi Avenue 2 typically offer configurations ranging from three-bedroom layouts with two bathrooms, encompassing approximately 990 square feet of internal space. This floor plate represents a practical middle ground for upgraders transitioning from smaller units, as well as for investors targeting the family rental segment. The internal proportions allow for distinct living, sleeping, and service zones without the spatial sprawl or premium pricing of larger formats.

Pricing and Market Position

Resale asking prices in this development typically commence from around S$600,000 and scale upwards depending on unit configuration, floor height, condition, and residual lease length. On a per-square-foot basis, this positioning reflects the maturity of the surrounding district, the stability of the HDB resale market in this zone, and the established demand drivers that support both owner-occupancy and rental yields. Prospective buyers should expect to encounter units at varying price points as the resale pool refreshes, with market conditions and individual unit premiums influencing actual transaction values.

Transport and Neighbourhood Accessibility

Beyond the immediate MRT linkage, the Clementi precinct provides a well-established network of neighbourhood shops, hawker centres, supermarkets, and community facilities within walking and short-bus-ride distances. The maturity of the surrounding infrastructure—spanning primary and secondary schools, medical clinics, and recreational spaces—reinforces the development's suitability for families at various life stages. For tenants seeking a location that balances accessibility with residential tranquillity, Clementi has long held appeal as a less congested alternative to more central zones.

Ownership Structure and Lease Considerations

Like all HDB flats in Singapore, units within 349 Clementi Avenue 2 are held on a 99-year leasehold basis. This statutory structure means that lease decay becomes a material consideration as decades pass; units approaching the 40-year mark will gradually face increased difficulty in securing financing and refinancing. Prospective buyers, particularly those with longer investment horizons, should factor residual lease length into their decision-making, as near-future government or policy changes affecting lease extension eligibility could substantially impact resale value and marketability.

Investment and Rental Yield Potential

HDB resale properties in the Clementi zone have historically attracted rental demand from young professionals, families, and overseas relocations seeking temporary tenure. The combination of MRT accessibility, established infrastructure, and mid-market pricing has sustained a consistent tenant pool. Gross rental yields for units in comparable developments typically range between 2.5% and 3.5% on an annual basis, though actual returns depend on precise unit configuration, floor level, and condition. Investors should conduct detailed comparable rental analysis within the micro-location to validate yield assumptions before committing capital.

Buyer Profiles and Suitability

349 Clementi Avenue 2 appeals to distinct buyer cohorts. For first-time HDB upgraders, the mid-range pricing and established locale provide a stepping stone toward family-sized accommodation without venturing into premium or private residential zones. Young families with school-age children benefit from proximity to established educational institutions and the maturity of the neighbourhood's community fabric. Investors targeting the middle-income rental segment find reliable demand in a location that balances accessibility with affordability for potential tenants.

Financing and TDSR Considerations

Typical resale prices in this development—commencing from the mid-S$600k range—position units within the financing capacity of many HDB upgraders and private-sector professionals. Under current lending guidelines, a property priced at S$650,000 with a 75% loan-to-value ratio would require a debt servicing ratio calculation factoring in the applicant's total monthly liabilities and household income. First-time HDB upgraders should engage with an HDB branch or licensed mortgage broker to obtain precise financing pre-approval, as loan eligibility and interest rate terms vary by individual profile and current policy settings.

Market Comparables and Competitive Positioning

Within the Clementi precinct, competing HDB resale developments include nearby blocks within the broader Clementi estate and adjacent areas such as Bukit Timah and West Coast. On a per-square-foot basis, 349 Clementi Avenue 2 trades within the prevailing range for three-bedroom resale HDB units of similar age and condition in District 5. Buyers evaluating competing options should commission a detailed valuation of floor plate, unit condition, lease remaining, and precise distance to MRT stations to validate positioning across the available universe.

Future Market Dynamics and District Growth

The Clementi planning area, as a mature residential precinct, is not subject to major new HDB development within the near term. Instead, the area's evolution will likely focus on estate rejuvenation, shophouse upgrading, and private residential infill projects. This constrained future supply may provide a gentle tailwind to resale value appreciation, particularly as the broader HDB stock ages and newer Build-to-Order developments push outward to emerging zones like Tengah. For longer-term holders, this supply-demand imbalance could support stable or modest capital appreciation over multi-decade horizons.

Frequently Asked Questions

What rental yield can I expect if I purchase a unit at 349 Clementi Avenue 2 as an investment?

Gross rental yields for HDB resale units in the Clementi precinct typically range between 2.5% and 3.5% per annum, depending on unit size, floor level, condition, and current market rental rates. A three-bedroom unit at this development, priced around S$600k–S$700k, could attract monthly rents of approximately S$1,300–S$1,600 from young professionals and families, translating to an annual gross yield of 2.2%–2.7%. To obtain precise yield forecasting, prospective investors should survey active rental listings for comparable three-bedroom units within the same precinct and estimate expenses including property tax, maintenance contributions, and potential void periods.

How does the per-square-foot pricing at 349 Clementi Avenue 2 compare to recent HDB transactions in Clementi?

Three-bedroom HDB resale units in Clementi have recently traded at approximately S$600–S$750 per square foot, depending on residual lease, unit condition, and floor placement. A unit at 349 Clementi Avenue 2 priced at S$600,000–S$700,000 for a 990 sq ft layout translates to roughly S$606–S$707 psf, positioning it within the current market range for the precinct. Buyers should review recent transaction data from HDB resale platforms and professional appraisers to confirm exact per-square-foot positioning against competing blocks in Clementi and adjacent neighbourhoods such as West Coast and Bukit Timah.

What is the Additional Buyer's Stamp Duty (ABSD) impact if I am a Singapore Citizen buying a second residential property at 349 Clementi Avenue 2?

As a Singapore Citizen purchasing a second residential property, you are liable for Additional Buyer's Stamp Duty at a rate of 20% on the purchase price. On a property priced at S$650,000, ABSD would amount to S$130,000, substantially increasing your effective acquisition cost. This duty applies in addition to standard Buyer's Stamp Duty (4% for HDB properties), bringing total stamp duty obligations to approximately S$160,000 at that price point. The ABSD obligation is a critical financial consideration and should be factored into your overall financing plan and cashflow projections before proceeding with an offer.

Is lease decay a significant risk factor at 349 Clementi Avenue 2, and how does it affect resale value?

All HDB properties are held on a 99-year leasehold basis, and as lease tenure declines, financing institutions tighten lending criteria and buyer demand typically softens. Units within 349 Clementi Avenue 2 vary in age and therefore in residual lease length; those approaching or below 60 years remaining face increasingly restricted mortgage availability and a narrowing pool of potential buyers. Once a lease falls below 30 years, market value typically declines more sharply as institutional and foreign-investor demand evaporates. Prospective buyers should request the exact lease commencement date from the vendor and calculate residual tenure; properties with 70+ years remaining offer materially better long-term capital stability than those closer to the 60-year threshold.

How does proximity to Clementi MRT Station affect property demand and long-term capital appreciation at 349 Clementi Avenue 2?

Proximity to EW23 Clementi MRT Station—within a 10-minute walk—is a primary demand driver for this development, as it enables residents to access the East-West Line corridor spanning from Pasir Ris to Tuas Link. This connectivity reduces commute friction for working professionals and increases the tenant pool for investors, supporting stable rental yield. Historically, HDB properties within 1 kilometre of major MRT stations have demonstrated more stable resale valuations and lower volatility during market downturns compared to locations further afield. Over multi-decade horizons, MRT accessibility acts as a hedge against obsolescence; however, oversaturation of competing developments near the same MRT node could erode this advantage.

Is 349 Clementi Avenue 2 suitable for first-time HDB buyers, upgraders, or purely investor profiles?

This development serves multiple buyer personas effectively. First-time upgraders from smaller one-bedroom or two-bedroom units find the three-bedroom layout and established neighbourhood appeal appropriate for family expansion without the cost premium of private residential zones. Young families benefit from proximity to schools, hawker centres, and community spaces established over decades. For investors, the combination of mid-market pricing (from S$600k), consistent rental demand, and MRT accessibility provides a pragmatic entry point into HDB resale income generation. The development is less suited to luxury-oriented or capital-appreciation-focused investors who may seek newer Build-to-Order developments or private properties; however, for yield-focused portfolio builders, Clementi's stability and transparency make it an enduring choice.

What are the TDSR and financing headroom implications for a typical purchase at 349 Clementi Avenue 2?

A property purchase at S$650,000 with a 75% loan-to-value mortgage (S$487,500 loan) at a current HDB interest rate of approximately 2.6% would generate monthly debt servicing of roughly S$2,100–S$2,200. Under current TDSR guidelines, your total monthly liabilities (mortgage plus existing debts) must not exceed 60% of gross household income; therefore, qualifying for financing on this property typically requires a gross monthly household income of approximately S$3,500–S$3,700 or above. First-time upgraders with combined spousal income or multi-generational household structures often exceed this threshold comfortably; however, individuals with existing vehicle loans, credit card balances, or personal loans may find TDSR headroom constrained and should secure pre-approval before making an offer.

How do competing HDB developments in the Clementi area compare to 349 Clementi Avenue 2 in terms of value and location?

The broader Clementi estate comprises numerous blocks constructed across multiple decades, with varying architectural styles, unit configurations, and residual lease profiles. Immediately adjacent developments offer comparable three-bedroom layouts at similar price points, though per-square-foot and location-specific premiums vary. Nearby precincts such as West Coast (further from MRT but lower density) and Bukit Timah (higher-value district with steeper pricing) provide contrasting options; however, 349 Clementi Avenue 2's direct MRT proximity and established amenity infrastructure position it competitively within the mid-market HDB resale segment. Buyers should conduct on-site walkarounds and comparative inspections across two to three competing blocks to validate relative value and condition quality.

Are certain unit stacks or floor levels at 349 Clementi Avenue 2 likely to command better resale value or rental appeal?

Mid-level units (typically floors 3–8 out of 10–12 storeys) often represent the optimal value proposition, as they command modest floor premiums over lower levels whilst avoiding the top-floor premium and associated maintenance complexity. Higher floors attract some buyer premiums for perceived quietness and views; however, these typically comprise only 2–5% of the property value. Lower-floor units may suffer from noise proximity to corridors and lobbies but often price at discounts of 3–8%, making them attractive for yield-focused investors willing to accept slightly lower rental appeal in exchange for better cost basis. Ground or first-floor units facing common areas typically attract the steepest discounts; therefore, investor-focused buyers should scrutinise lower-floor opportunities for value capture.

What is the future supply pipeline for new HDB developments in District 5 and Clementi, and how might it affect 349 Clementi Avenue 2's resale value?

District 5 and the Clementi planning area are largely mature, with constrained land availability for new HDB development. The Housing and Development Board has signalled that future Build-to-Order projects will focus on emerging precincts such as Tengah, Lentor, and Woodlands, with minimal new supply anticipated for Clementi in the next 10–15 years. This supply constraint may provide a modest tailwind to resale value appreciation for existing units like those at 349 Clementi Avenue 2, as the absolute stock of available units will not expand significantly. However, broader economic conditions, interest rates, and policy changes affecting HDB upgrading schemes will remain the primary value drivers; prospective buyers should avoid assuming that supply scarcity alone guarantees capital gains and should instead prioritise stability and rental yield as primary investment rationales.

[For Sale] Hdb Flat At 349 Clementi Avenue 2 — From S$600K