Type

Units

Min Area

Price Range

Other

120 sqft

S$800/mo

Property Highlights

HDB development with 1 unit currently available.
Prices currently start from S$800.
For Singaporean second property buyers, ABSD applies at 20% of the purchase price, approximately S$160 on this acquisition.

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.

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382C Yishun Street 31: A HDB Opportunity in Yishun

382C Yishun Street 31 represents a housing opportunity within Singapore's longstanding public housing scheme. This HDB flat sits within Yishun, one of the island's established residential districts, offering residents proximity to neighbourhood amenities, community facilities, and local commercial zones that have evolved over decades of urban planning and development.

Yishun has matured into a well-serviced residential area with a stable demographic base and extensive ground-floor retail and dining options. The neighbourhood benefits from being a planned estate with integrated facilities designed to support daily living needs. Residents of 382C Yishun Street 31 gain access to the broader Yishun infrastructure, including primary schools, hawker centres, supermarkets, and recreational spaces that characterise the estate.

Market Position and Buyer Profile Fit

Properties in this segment appeal to distinct buyer categories. First-time homebuyers seeking an entry point into ownership find HDB flats strategically priced compared to private residential alternatives. Young couples and small families benefit from the affordable entry cost and established neighbourhood support systems. Investors purchasing HDB resale stock view such acquisitions as lower-entry-cost rental opportunities, particularly given the established tenant base and rental demand throughout Yishun. Upgraders from smaller units or from other estates may consider such properties as lateral moves or stepping stones within their property journey. Downsizers transitioning from larger homes appreciate the reduced maintenance burden and affordability of compact HDB units.

Understanding HDB Lease Tenure and Resale Dynamics

HDB flats in Singapore typically operate under a 99-year leasehold model, with the lease beginning from the point of initial construction. Lease decay becomes a material consideration as the property ages; resale value and financing eligibility gradually decline in the final decades of the lease term. Buyers purchasing 382C Yishun Street 31 should obtain the exact lease commencement date and remaining tenure before finalising their decision, as this directly impacts long-term capital appreciation and refinancing options. Banks typically apply stricter lending criteria as lease duration falls below 60 years, creating a ceiling on borrowing capacity in later years. Understanding this mechanism is essential for long-term financial planning, particularly for younger buyers who may hold the property for 30+ years.

Financing, TDSR, and Stamp Duty Implications

HDB resale purchases attract standard housing financing from banks and HDB itself, with loan-to-value ratios typically reaching 80% for owner-occupiers. The Total Debt Servicing Ratio (TDSR) framework limits borrowing to 60% of gross monthly income, a critical constraint for buyers with existing obligations. For investors or second-property purchasers who are Singapore Citizens, Additional Buyer's Stamp Duty (ABSD) is payable at 20% on the purchase price, significantly increasing acquisition costs. A buyer acquiring 382C Yishun Street 31 as a second residential property would face this 20% ABSD levy on top of standard stamp duty and legal fees. This renders the true cost of acquisition materially higher than the headline purchase price, necessitating careful financial structuring. First-time owner-occupiers purchasing HDB resale stock as their primary residence benefit from ABSD exemption, a crucial advantage that underpins the segment's accessibility for first-time buyers.

Rental Yield and Investment Considerations

HDB rental yields across Singapore typically range from 2% to 3.5% gross, varying by location, unit size, and tenant profile. A compact HDB unit at 382C Yishun Street 31 would command rental rates reflective of Yishun's tenant demographics and market demand. Investors should compare the anticipated monthly rental income against the acquisition cost (including ABSD), holding costs, and potential capital appreciation. Yishun's maturity as an estate means rental demand is stable but not explosive; investor returns depend primarily on favourable entry pricing and disciplined tenant selection. The 99-year lease structure means rental appeal gradually diminishes in the property's final decades, creating an implicit expiry date on the investment thesis. Investors viewing this as a 10–15 year holding should model exit strategy around lease decay risk and comparable unit sales in the neighbourhood.

Proximity to Transport and District Connectivity

Transport accessibility profoundly influences property desirability and capital appreciation. Properties within walking distance of MRT stations or connected via efficient bus networks command premiums over those requiring longer commutes. Yishun has benefited from successive rounds of transport infrastructure investment, enhancing connectivity to central business districts and regional nodes. Buyers should assess the distance to the nearest MRT station, bus interchange, or arterial road access, as these factors influence tenant demand, quality of life, and long-term price resilience. Properties in estates with strong transport links tend to experience more stable resale markets and higher rental demand, as they appeal to commuters across age groups and employment sectors.

Comparative Market Context

HDB resale prices per square foot in Yishun fluctuate based on lease duration, floor level, unit configuration, and proximity to amenities. Recent transactions across similar-vintage HDB stock in the district provide benchmarking data; buyers should examine comparable unit sales over the preceding 12 months to establish fair value. Newer HDB projects in adjacent districts or alternative locations within North Singapore may offer different lease lengths, floor space, or amenity packages, warranting direct comparison before committing. Properties in older estates sometimes trade at discounts to newer public housing schemes, though this varies with location, condition, and tenure length. Understanding where 382C Yishun Street 31 positions within this spectrum helps buyers assess value and negotiate effectively.

Unit Configuration and Floor Selection

Within HDB blocks, floor level, unit orientation, and proximity to lifts or stairs influence day-to-day liveability and resale appeal. Lower floors (3–5) tend to appeal to families with young children and elderly residents, whilst mid-to-upper floors attract buyers seeking natural light and reduced mosquito nuisance. End units or units with dual exposure often command modest premiums over internal units. Corner blocks or positions away from service shafts and lift lobbies typically experience less noise. Investors should prioritise units with the strongest appeal to the broadest tenant base, typically mid-floor positions in mid-to-lower blocks within a development. Such positioning balances accessibility, natural ventilation, and perceived value, maximising occupancy rates and rental quality.

Future Supply and District Growth Prospects

Yishun's evolution as an estate continues with periodic HDB upgrading, community facility improvements, and selective new launches in surrounding areas. The district has matured significantly, meaning rapid population expansion is unlikely; instead, character improvements, rejuvenation programmes, and enhanced connectivity dominate the development agenda. Buyers should assess the broader North Singapore corridor for planned infrastructure—such as new or extended transport lines, integrated urban developments, or commercial hubs—as these influence long-term district desirability. Understanding the planning authority's masterplan for Yishun and surrounding constituencies helps position expectations around capital appreciation and rental demand trajectories over 10–20 year horizons.

Practical Acquisition Considerations

Purchasing 382C Yishun Street 31 requires engaging conveyancing services, conducting HDB eligibility checks, and obtaining bank pre-approval before making an offer. Buyers must verify the lease commencement date and remaining tenure, inspect the unit condition, and assess the block's structural condition and maintenance standards. HDB imposes ownership restrictions; sellers must satisfy HDB's disposal rules, and purchasers must meet eligibility criteria (citizenship, income, household composition). The HDB resale process includes a mandatory cooling-off period and valuation by HDB, which may differ from the agreed purchase price, affecting financing and decision-making. First-time buyers benefit from HDB grants and concessional financing, materially altering the economic equation compared to investment purchasers or upgraders.

Frequently Asked Questions

What rental yield can I expect if I purchase 382C Yishun Street 31 as an investment property?

HDB resale units in Yishun typically generate gross rental yields between 2% and 3.5%, depending on unit size, lease duration, and tenant profile. A compact flat at 382C Yishun Street 31 would likely position toward the mid-range of this spectrum, with monthly rental income reflecting Yishun's stable but not premium tenant market. Investors must deduct ABSD (20% for Singapore Citizens purchasing a second residential property), property tax, maintenance levies, and vacancy allowance to calculate net yield. The 99-year lease structure means yield calculations should incorporate a depreciation curve; as the lease shortens below 60 years, refinancing becomes more difficult and capital appreciation stalls, effectively creating an expiry date on the investment thesis by the 2060s–2070s depending on lease commencement.

How does the per-square-foot pricing of 382C Yishun Street 31 compare to recent HDB resale transactions in Yishun?

Recent HDB resale transactions in Yishun typically trade between S$400 and S$550 per square foot, varying by lease duration, floor level, and unit condition. To assess 382C Yishun Street 31's value, divide the asking price by the floor area and compare against transactions from the past 12 months in the same block or adjacent blocks. Properties with longer remaining leases (70+ years) command premiums; units on higher floors and in less noisy positions typically sell for 3–7% more than comparable lower-floor units. Buyers should obtain a comparative market analysis from the HDB or property databases to benchmark fairly and avoid overpaying relative to recent neighbourhood sales.

What is the Additional Buyer's Stamp Duty (ABSD) impact if I am a Singapore Citizen buying 382C Yishun Street 31 as a second property?

Singapore Citizens purchasing a second residential property incur ABSD at 20% of the purchase price, in addition to standard buyer's stamp duty and legal fees. For a purchase price of S$800,000, ABSD would amount to S$160,000, making the true acquisition cost materially higher than the headline price. ABSD applies to all subsequent residential purchases beyond the first owner-occupied property, regardless of whether the new purchase is for owner-occupation or investment. Payment is due upon completion, and it significantly impacts cash-flow planning and loan eligibility calculations. First-time owner-occupiers purchasing HDB resale stock as their primary residence are fully ABSD-exempt, which is why many investors view upgraders and first-time buyers as the primary growth segments in HDB resale markets.

What lease decay risk should I consider for 382C Yishun Street 31, and how does this affect resale value?

HDB flats operate under a 99-year leasehold model; lease decay becomes material once the remaining tenure falls below 60 years, as banks tighten lending criteria and buyers perceive diminishing value. You should establish the exact lease commencement date for 382C Yishun Street 31 before purchase; if the lease commenced in the 1980s, the property may already have 50–60 years remaining, placing it in a critical depreciation zone. As the lease shortens, refinancing options disappear, resale appeal narrows to cash buyers and owner-occupiers nearing retirement, and capital appreciation stalls or reverses. Properties with less than 30 years remaining lease become difficult to finance and are often held by elderly owners or owners unable to sell at desired prices. For buyers intending to hold beyond 20–30 years, lease decay risk is substantial and should materially discount the purchase price relative to longer-lease comparable units.

How does proximity to the nearest MRT station influence demand and capital appreciation for 382C Yishun Street 31?

Properties within 400–500 metres of an MRT station command consistent premiums and experience more stable rental demand and capital appreciation than distant units. Proximity to transport reduces commute times, expands the tenant pool (attracting young professionals and commuters across sectors), and insulates the property against neighbourhood decline. If 382C Yishun Street 31 is within walking distance of an MRT station, it should experience stronger demand during economic cycles and maintain relative value even if broader Yishun growth slows. Conversely, properties requiring 15+ minute walks to the nearest station face softer demand from tenant-seekers and experience lower capital appreciation over time. The presence of efficient bus routes provides some mitigation, but MRT proximity remains the primary driver of desirability in modern Singapore. You should verify exact walking distance and travel time to your workplace or lifestyle hubs before purchasing.

Is 382C Yishun Street 31 suitable for first-time buyers, and what financial advantages do they enjoy?

HDB resale units like 382C Yishun Street 31 are highly suitable for first-time owner-occupiers seeking affordable entry into the property market. First-time buyers benefit from HDB grants (up to S$80,000 depending on income), ABSD exemption (eliminating the 20% stamp duty surcharge), and concessional HDB loan rates, which together reduce the true cost of acquisition by 20–25% compared to private property or investor purchases. The stable, mature neighbourhood and established community infrastructure appeal to young families and couples seeking a stable long-term home. First-time buyers should prioritise owner-occupation over investment; the financial benefits are most pronounced when the property is held as primary residence for 5+ years. Upgraders from smaller HDB units may also find units at 382C Yishun Street 31 attractive if they offer better space, location, or lease duration than their current holdings.

What TDSR headroom and financing capacity should I model for 382C Yishun Street 31 at typical HDB resale price points?

Banks limit borrowing under the Total Debt Servicing Ratio (TDSR) framework to 60% of gross monthly income; HDB itself applies a 65% limit for HDB loans. For a property priced at S$400,000–S$600,000 (typical for compact HDB units), borrowing capacity ranges from S$320,000–S$480,000 assuming 80% loan-to-value ratios and typical interest rates. This implies required monthly income of S$7,000–S$12,000 depending on existing debt obligations. Buyers with car loans, personal loans, or credit card debt face tighter constraints; conversely, buyers with minimal debt enjoy maximum borrowing flexibility. First-time buyers should obtain HDB pre-approval and bank pre-qualification before viewing, as financing capacity directly constrains purchasing power. Investors purchasing as second-property buyers face the additional burden of 20% ABSD, effectively reducing purchase power by S$80,000–S$120,000 at typical price points.

How does 382C Yishun Street 31 compare to newer HDB developments or private housing in North Singapore?

Newer HDB projects (launched 2015 onwards) in North Singapore often feature longer remaining leases (99-year), more spacious layouts, and modern infrastructure, typically commanding 10–20% premiums over older resale units. However, newer HDB units are more expensive and harder to qualify for under HDB's schemes, whereas resale units at 382C Yishun Street 31 offer lower entry cost and faster occupancy. Private housing in similar locations commands 2–3x the price per square foot, appealing primarily to higher-income earners. For budget-conscious first-time buyers and investors, older HDB resale stock remains superior value; the trade-off is lease decay risk and unit age. Comparing 382C Yishun Street 31 against recent HDB BTO launches and private resale units in Yishun or nearby Sembawang provides clear context on value positioning.

Which floor level and unit position within 382C Yishun Street 31's block offers the best resale and rental value?

Mid-floor units (levels 8–12 in a typical 13–15 storey HDB block) in central or end positions typically offer the best balance of appeal and value. These units avoid ground-floor dampness and security concerns, minimise lift dependency for young families, and attract the broadest tenant base without the premium charged for high-floor units. Units away from lift lobbies and service shafts experience less noise and foot traffic, attracting quality long-term tenants. Corner units with dual exposure and natural cross-ventilation often command modest premiums (2–5%) over internal units. Investors should prioritise such positions to maximise occupancy rates and rental income; owner-occupiers should prioritise personal preference but understand that extreme positions (ground floor, top floor, very high floors with limited accessibility) may complicate future resale or refinancing. Within 382C Yishun Street 31, requesting a site visit and comparing unit positions across available inventory helps identify optimal value.

What is the long-term supply pipeline and growth outlook for the Yishun district, and how might this affect property values?

Yishun has matured as an estate with limited new HDB launches; future development focuses on upgrading, infrastructure enhancement, and selective neighbourhood improvements rather than rapid population expansion. The district has stable demographic demand from families, young professionals commuting to Central Business District, and retirees seeking established, well-serviced neighbourhoods. Planning authority masterplans typically include enhanced connectivity (potential MRT extensions or bus network upgrades), community facility improvements, and commercial zone activation. However, unlike emerging districts such as Punggol or Woodlands, Yishun is unlikely to experience explosive appreciation; rather, values should remain stable with modest long-term growth of 2–3% annually, reflecting population stability and infrastructure incremental improvements. Buyers viewing 382C Yishun Street 31 as a long-term hold should expect modest capital appreciation offset by lease decay in the final decades; the investment thesis relies more on rental yield and affordable entry cost than capital gain.

[For Rent] Hdb Flat At 382C Yishun Street 31 — From S$800