Type

Units

Min Area

Price Range

3 BR

936 sqft

S$479K

Property Highlights

HDB development with 1 unit currently available.
Prices currently start from S$479K.
For Singaporean second property buyers, ABSD applies at 20% of the purchase price, approximately S$95,800 on this acquisition.
Located 4 min (360 m) from EW25 Chinese Garden 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.

Interested in this property?

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349 Jurong East Avenue 1: A Landmark HDB Development in Jurong East

Situated at 349 Jurong East Avenue 1, this established HDB development stands as a cornerstone residential address within Jurong East, one of Singapore's most vibrant and mature planning areas. The development occupies a strategic location that has maintained strong appeal among homeowners, upgraders, and investors for decades, offering a compelling blend of accessibility, community infrastructure, and residential stability that continues to define the character of Singapore's western residential landscape.

The development benefits from exceptional accessibility to public transport, located just four minutes' walk from EW25 Chinese Garden MRT Station. This proximity to the East-West Line provides residents with seamless connectivity to the central business district, major employment nodes along the corridor, and key leisure destinations across the island. The station's strategic positioning within the Jurong precinct means that daily commutes are significantly shortened, and access to alternative transport modes remains abundant throughout the surrounding vicinity.

Unit Configurations and Residential Appeal

The development comprises a mix of residential units designed to accommodate households at various life stages. The flats at this development are configured to offer flexibility and practicality, with options spanning from compact units suitable for young professionals and first-time buyers through to more spacious configurations ideal for growing families. Each unit has been planned with attention to internal circulation and natural light, reflecting the housing standards that have evolved across Singapore's HDB portfolio over recent decades.

The average unit size across the development provides generous living space relative to many comparable properties in the wider Jurong East precinct, enabling residents to establish comfortable home environments without requiring excessive maintenance. Internal layouts incorporate separate living, dining, and sleeping zones, with ensuite facilities in larger units ensuring greater domestic convenience and privacy for household members. The development's age and construction standards mean that units retain solid structural integrity and benefit from routine upgrading programmes that maintain building quality over time.

Pricing and Market Position

Properties at 349 Jurong East Avenue 1 are positioned competitively within the Jurong East HDB market, reflecting the locality's mature status and established demand profile. Current asking prices reflect market fundamentals shaped by proximity to transport, existing community infrastructure, and the consistent appeal that this address holds among buyers seeking reliable residential value. The price per square foot at this development compares favourably to recently transacted properties in the immediate vicinity, suggesting realistic market positioning relative to comparable HDB stock in the surrounding blocks and streets.

The development's established track record means extensive historical transaction data is available, allowing both purchasers and investors to benchmark potential entry points against genuine market activity. Recent comparable sales within the Jurong East precinct indicate sustained demand for units at this location, with prices reflecting the combined benefits of MRT proximity, mature estate infrastructure, and the inherent stability associated with one of Singapore's longest-established residential neighbourhoods.

Investment and Rental Potential

For investors considering 349 Jurong East Avenue 1 as part of a residential property portfolio, the development presents interesting fundamentals. The proximity to Chinese Garden MRT Station, combined with the mature estate's established community facilities, creates consistent tenant demand from working professionals and families seeking accessible western-side accommodation. Estimated rental yields on units at this development typically range from four to five percent gross, depending on unit configuration and prevailing market lease rates.

The rental market within Jurong East remains robust, supported by the precinct's role as a major commercial and residential hub. Tenants are drawn to the area for its convenience, the breadth of amenities, and straightforward transport links to employment centres across Singapore. Units within the development are typically let within weeks of being made available, reflecting the underlying demand profile for residential accommodation in this proven, accessible locality.

Proximity to Amenities and Community Infrastructure

The Jurong East precinct has evolved into a comprehensive residential and commercial destination, offering residents extensive amenities within walking or very short travelling distance. Shopping malls, supermarkets, hawker centres, and dining establishments proliferate throughout the immediate surroundings, ensuring that everyday shopping and dining needs are met without requiring significant travel. Educational facilities, including primary and secondary schools, feature prominently within the neighbourhood, making the development particularly suitable for families prioritising school accessibility and educational choice.

Community facilities integrated within the Jurong East estate include sports complexes, swimming pools, libraries, and recreational parks, all contributing to a well-rounded residential environment. The presence of established banking, healthcare, and professional services facilities within the precinct means that residents can manage most practical affairs without venturing far from home. This maturity of supporting infrastructure has been a defining characteristic of Jurong East for many years and continues to underpin the area's residential desirability.

Lease Decay and Long-Term Capital Considerations

As with all HDB properties, the remaining lease term at 349 Jurong East Avenue 1 represents a material consideration for purchasers planning to hold the property medium to long term. HDB leases typically begin with 99-year terms, and as properties age, remaining lease duration progressively shortens. Properties with shorter remaining leases experience reduced marketability and lower valuation multiples, a phenomenon known as lease decay that can materially impact resale value, particularly in the final 20 to 30 years of the lease term.

Buyers should verify the exact remaining lease of any unit under consideration, as this directly affects future saleability and the trajectory of capital value. Properties with lease durations in the 80 to 99-year range maintain strong resale appeal and lending availability, whilst properties with remaining terms below 70 years may face restrictions on mortgage tenure and reduced buyer pools. The HDB's lease renewal framework, whilst providing potential relief for owners, does not guarantee enhancement in capital value and typically requires financial outlay from the flat owner to proceed.

Financing and TDSR Considerations

Prospective purchasers financing acquisition of units at 349 Jurong East Avenue 1 should anticipate standard HDB mortgage terms, whereby banks typically offer loan tenures up to 25 to 30 years depending on the borrower's age and the property's remaining lease. At current market prices from around S$479,000, financing headroom for most employed residents remains substantial, with the majority of buyer profiles able to secure bank loans covering 80 to 90 percent of purchase price, subject to satisfactory credit profiles and income verification.

Total Debt Service Ratio (TDSR) regulations cap monthly mortgage instalments and all other personal debt servicing at 60 percent of gross monthly household income. At typical price points within this development, most household configurations can comfortably meet TDSR thresholds without requiring supplementary income or exceptional financial restructuring. First-time homebuyers utilising Central Provident Fund (CPF) Housing grants may find their effective financing costs reduced substantially, enhancing purchasing power and reducing the required cash down-payment.

Additional Buyer's Stamp Duty and Second-Property Purchase

Buyers acquiring a second residential property within Singapore are subject to Additional Buyer's Stamp Duty (ABSD) at the rate of 20 percent for Singapore Citizens, applied to the purchase price of the property. For a property priced at S$479,000, ABSD would therefore amount to approximately S$95,800, representing a material cost addition to the acquisition process. This duty is payable at the point of execution of the purchase agreement and forms part of the overall transaction costs, alongside legal fees, title insurance, and survey charges.

Buyers should factor ABSD implications into their financing calculations and cash reserve planning, as the duty cannot be financed and must be paid from available funds. Property investors and upgraders acquiring second residential properties should carefully model the impact of ABSD on investment returns and cash flow, as the tax significantly affects overall acquisition cost and influences break-even timeframes for investment strategies. Buyers planning to occupy the second property as their principal residence may, in certain circumstances, qualify for ABSD remission after a defined holding period, though remission is not automatic and specific conditions must be satisfied.

Market Dynamics and Future Supply Outlook

Jurong East has matured significantly as a residential district, with most estate slots now populated by established HDB blocks and private residential developments. Future new supply within the immediate Jurong East planning area is expected to remain modest, suggesting that existing developments like 349 Jurong East Avenue 1 will continue to benefit from stable underlying demand supported by limited fresh competition. The precinct's designation as a major residential node within Singapore's long-term planning framework indicates sustained policy support for the area's continued development and enhancement.

Infrastructure improvements announced for the broader Jurong Region, including enhanced connectivity and mixed-use development projects, are likely to bolster long-term demand for residential properties within established precincts such as this. The maturity of Jurong East's community facilities, education sector, and commercial establishments suggests that the area will maintain its appeal to multigenerational homeowners and investors seeking proven, stable residential value over extended holding periods.

Frequently Asked Questions

What is the estimated rental yield for investor-purchasers buying units at 349 Jurong East Avenue 1?

Investors acquiring units at 349 Jurong East Avenue 1 can generally expect gross rental yields in the range of four to five percent, depending on specific unit configuration, floor level, and prevailing market lease rates within the Jurong East precinct. The development's proximity to Chinese Garden MRT Station and its location within a mature, well-serviced estate creates consistent tenant demand from working professionals and families seeking accessible western-side residential accommodation. Market rental rates for comparable units in the surrounding area have remained relatively stable over recent years, with three-bedroom flats typically commanding monthly rents between S$2,400 and S$2,800, whilst smaller units generally achieve rates of S$1,800 to S$2,200 per month depending on condition and floor level.

How does the price per square foot at 349 Jurong East Avenue 1 compare to recent HDB transactions in the surrounding Jurong East blocks?

Properties at 349 Jurong East Avenue 1 command price per square foot levels broadly consistent with recent comparable sales across the immediate Jurong East precinct, reflecting market equilibrium for properties positioned similarly in terms of MRT proximity, estate maturity, and community infrastructure. Recent transacted HDB flats within adjacent blocks have achieved prices ranging from approximately S$500 to S$550 per square foot, placing units at this development competitively within the local market spectrum. The development's four-minute walking distance to EW25 Chinese Garden MRT Station provides a meaningful premium relative to blocks situated at greater distances from major transport nodes, though this is offset by the property's age and the prevalence of competing inventory throughout the established Jurong East estate.

What are the Additional Buyer's Stamp Duty implications for second-property purchasers buying at this development?

Singapore Citizens acquiring a second residential property, including units at 349 Jurong East Avenue 1, are liable for Additional Buyer's Stamp Duty (ABSD) at the current rate of 20 percent, calculated on the property's purchase price. For a property priced at approximately S$479,000, ABSD liability would equate to roughly S$95,800, representing a material addition to total acquisition costs that must be discharged from available cash reserves at the point of purchase. This duty is non-financeable and must be incorporated into financial planning alongside other transaction costs including legal fees, title insurance, and survey charges, potentially reducing available capital for property improvements or investment deployment. Second-property purchasers planning to occupy the property as their principal residence may, following satisfaction of specific conditions and a defined holding period, apply for ABSD remission, though entitlement is not automatic and previous property ownership configurations significantly influence eligibility determination.

What is the lease decay risk profile for properties at 349 Jurong East Avenue 1, and how might this affect long-term resale value?

The lease decay risk for units at 349 Jurong East Avenue 1 depends on the specific remaining lease tenure at the point of purchase, which buyers must verify through official HDB documentation or the conveyancing solicitor's searches. HDB properties with remaining leases between 80 and 99 years maintain robust resale appeal and standard mortgage lending availability, with valuations remaining relatively stable across the holding period. However, as lease duration declines below 70 years, both marketability and capital value trajectory are increasingly constrained, as properties become less attractive to prospective buyers and lenders impose stricter lending criteria and reduced loan tenures. The HDB's lease renewal framework offers potential relief for owners seeking to extend lease terms, though this process requires significant financial outlay and does not guarantee capital value restoration; prospective purchasers should factor the cost and complexity of potential lease renewal into long-term financial modelling, particularly for units with remaining terms falling within the 60 to 70-year window.

How does proximity to Chinese Garden MRT Station influence demand and capital appreciation potential at this development?

The four-minute walking proximity to EW25 Chinese Garden MRT Station is a material demand driver for 349 Jurong East Avenue 1, as the station provides residents with direct access to the East-West Line, enabling rapid transit to the central business district, major employment precincts including Raffles Place and the Marina Bay cluster, and key leisure destinations across the eastern corridor. Properties positioned within 500 metres of major MRT stations consistently command price premiums of 10 to 15 percent relative to comparable units at greater transport distances, reflecting both the practical convenience of short commute times and the psychological preference among Singaporean homebuyers for transport-proximate locations. The East-West Line's role as a heavily utilised transport artery means that commuting reliability and frequency favour properties serviced by this corridor, and improvements to station infrastructure or line frequency enhancements provide indirect capital appreciation tailwinds for properties within the catchment area. Investors and long-term owner-occupiers can reasonably expect the MRT proximity premium to be maintained across extended holding periods, as the fundamental transport utility of the location is unlikely to diminish.

Which buyer profiles are best suited to acquiring units at 349 Jurong East Avenue 1?

The development appeals broadly across multiple buyer segments, though with particular strength among first-time homebuyers seeking accessible entry-level pricing within a well-established residential neighbourhood with proven infrastructure and community facilities. Upgraders transitioning from smaller HDB units or private residential properties view the development favourably for its mature estate characteristics, range of unit configurations, and positioning within a convenient transport-serviced location without requiring extreme outlays. Young families prioritise the area for its schools, parks, and family-oriented amenities, combined with the manageable property price points that preserve financial flexibility for lifestyle investments and household expenditure. Investment-focused buyers find the development attractive due to consistent tenant demand, moderate acquisition costs enabling portfolio diversification, and reliable rental yields that, whilst not exceptional, provide steady income returns within acceptable risk parameters. Higher-net-worth individuals might view units within the development as secondary residential holdings or downsize properties, though the mature estate character and HDB classification mean that ultra-premium buyer segments more typically gravitate towards newer private residential options or landed properties with greater architectural prestige.

What are the TDSR and financing headroom implications at typical price points within this development?

At current market price levels approximating S$479,000, most employed resident profiles can comfortably satisfy Total Debt Service Ratio (TDSR) regulations, which cap monthly mortgage instalments and all other personal debt servicing obligations at 60 percent of gross monthly household income. A property priced at S$479,000 financed at 80 percent loan-to-value through a standard 25-year bank mortgage would entail monthly instalments of approximately S$2,100 to S$2,300 depending on prevailing interest rates, a commitment manageable for household incomes exceeding S$3,700 to S$4,000 monthly. First-time homebuyers utilising Central Provident Fund Housing grants can materially reduce effective financing costs and down-payment requirements, often enabling acquisition without material cash reserves if combined household CPF balances are sufficient. Buyers carrying existing personal debt including hire-purchase motor vehicle obligations, credit card facilities, or unsecured personal loans will experience reduced TDSR headroom, potentially constraining maximum borrowing capacity; in such cases, preliminary assessment with a mortgage broker or bank is prudent to confirm financing feasibility prior to commencing property negotiations.

How does 349 Jurong East Avenue 1 compare to nearby competing HDB developments in terms of value proposition?

The development competes within a landscape of established Jurong East HDB blocks spanning several decades of construction, providing purchasers with extensive alternative inventory to assess and compare. Adjacent developments including blocks within the core Jurong East precinct offer similar MRT connectivity and estate amenities, though some competing properties may command marginal pricing advantages if located at slightly greater transport distances, reflecting the trade-off between accessibility and cost. Private residential developments increasingly proliferating within the broader Jurong East planning area offer enhanced architectural prestige and amenity offerings, though acquisition costs substantially exceed HDB property levels, positioning private properties as viable alternatives only for buyer segments with significantly enhanced purchasing power. Within the HDB market specifically, 349 Jurong East Avenue 1 maintains competitive positioning through its proven location, direct MRT access, and mature estate infrastructure, though comparison of transaction histories and recent selling prices across adjacent blocks is prudent to verify that specific units under consideration represent fair market value relative to the broader supply of comparable inventory.

Which unit stacks or floor levels at 349 Jurong East Avenue 1 typically offer the most competitive value propositions?

Middle-level units, typically floors three through eight, generally offer the most attractive value-to-price ratios within this development, as they avoid both the marginal premium commanded by higher floors and the less-pronounced discount associated with ground-level or first-floor properties. Higher floor units command price premiums of five to ten percent, reflecting enhanced privacy, reduced street noise, improved views, and the psychological preference many buyers exhibit for elevated positions within multi-story residential complexes; this premium, whilst modest, may exceed the genuine utility differential for some buyer segments, particularly owner-occupiers whose occupancy horizons limit the opportunity to capitalise on appreciation driven by floor-level prestige. Lower floor units, conversely, typically achieve modest discounts of three to five percent, reflecting minor disadvantages in terms of noise exposure and the perception of reduced privacy, though such properties may suit downsizers unconcerned with elevated positioning or investors focused purely on yield rather than aesthetic preferences. The development's age and mid-rise configuration mean that lift access is standard, mitigating the practical disadvantages historically associated with lower floors in pre-lift era buildings; consequently, pragmatic buyers comfortable with modest visual or amenity trade-offs may achieve genuine value advantage by acquiring lower-floor units commanding slight price reductions.

What is the future supply pipeline outlook for the Jurong East district, and how might this affect the development's long-term demand trajectory?

The Jurong East planning area has matured substantially over recent decades, with most available estate slots now occupied by established HDB blocks and an expanding portfolio of private residential developments. Future new supply within the immediate precinct is expected to remain constrained relative to many younger planning districts, a constraint that supports stable underlying demand for existing developments including 349 Jurong East Avenue 1 by limiting direct competitive pressure from newly completed inventory. The HDB's long-term planning framework identifies Jurong East as a major residential and mixed-use node designated for sustained investment in community infrastructure, education facilities, and transport enhancements; this sustained policy focus indicates that residential properties within the precinct will continue to benefit from supporting infrastructure improvements and enhanced amenities over extended periods. However, the emergence of competing residential offerings within adjacent planning areas including Clementi, Bukit Panjang, and the broader western corridor may gradually redistribute buyer attention across the wider district, suggesting that individual properties within Jurong East East must maintain competitive value propositions relative to newer developments offering enhanced architectural prestige or contemporary amenities. The development's maturity, combined with limited prospect of significant new supply displacement, suggests it will maintain stable demand fundamentals across medium to long-term horizons, though capital appreciation trajectories may moderate relative to properties within emerging or rapidly-developing planning areas.

[For Sale] 349 Jurong East Avenue 1 — From S$479K