Type

Units

Min Area

Price Range

Other

150 sqft

S$1,200/mo

Property Highlights

HDB development with 1 unit currently available.
Prices currently start from S$1,200.
For Singaporean second property buyers, ABSD applies at 20% of the purchase price, approximately S$240 on this acquisition.
Located 7 min (550 m) from EW17 Tiong Bahru 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.

58 Havelock Road: A Compact HDB Investment in Tiong Bahru's Heritage Precinct

58 Havelock Road stands as a notable HDB development in one of Singapore's most culturally significant neighbourhoods. Located in Tiong Bahru, this address occupies a heritage conservation district that has evolved into a vibrant mixed-use community blending residential living with independent retail, dining, and artisan enterprises. The development is positioned within walking distance of EW17 Tiong Bahru MRT station, a key interchange point on the East-West Line that connects residents directly to the city centre, business parks, and major employment nodes across the island.

The units at 58 Havelock Road are characterised by their compact floor area of 150 square feet, reflecting the efficient spatial design typical of HDB developments in central locations. This footprint appeals primarily to investors and owner-occupiers seeking starter properties or rental-yielding assets in a prime urban pocket. The property type, classified as HDB flat, positions these units within Singapore's public housing framework, offering long-term lease security and transparent pricing mechanisms that appeal to both local and institutional investors.

Strategic Location and MRT Connectivity

Proximity to EW17 Tiong Bahru MRT station represents a significant locational advantage for 58 Havelock Road. At approximately 550 metres, or a seven-minute walk, the station connects residents to the broader East-West Line network, facilitating quick access to major commercial districts including the CBD, Marina Bay, and Clementi. This level of transport accessibility historically supports sustained rental demand, as working professionals and students prioritise locations offering efficient commute times. The East-West Line itself services key employment zones, making 58 Havelock Road attractive to tenants seeking affordable accommodation with excellent connectivity.

Beyond MRT access, the Tiong Bahru neighbourhood itself has matured into a destination in its own right. The conservation precinct contains heritage shophouses, independent cafes, galleries, and boutique retail, creating a distinctive urban character that differentiates it from generic residential zones. This cultural and commercial vitality reinforces tenant appeal and supports capital preservation over medium to long-term investment horizons.

Investment Potential and Rental Yield Dynamics

Investors evaluating 58 Havelock Road typically focus on achievable rental yields given the compact unit size and established tenant demand in Tiong Bahru. HDB rentals in conservation districts near MRT stations have historically commanded steady rents, driven by working professionals, young families, and international tenants seeking central locations at accessible price points. The 150-square-foot format, whilst compact, aligns with the studio and one-bedroom segment that attracts consistent tenant flow, particularly among single professionals and couples.

Rental yield calculations for units at this address depend on the entry acquisition price and prevailing monthly rent achievable in the immediate neighbourhood. Properties near MRT stations in established precincts typically experience lower vacancy rates than suburban alternatives, though absolute rental rates may reflect the compact unit size. Investors should conduct localised rent surveys with property managers active in Tiong Bahru to establish realistic yield expectations, as market rental rates fluctuate based on tenant demographic shifts and broader economic conditions.

Price, Valuation, and Comparative Market Context

Unit pricing at 58 Havelock Road reflects the dual dynamics of heritage conservation status and central MRT accessibility. Historic transaction data for HDB flats in Tiong Bahru demonstrates resilience in price per square foot, supported by limited new supply, tight leasehold decay windows for older stock, and sustained tenant and owner-occupier demand. As a conservation-precinct property, units at this address may command valuation premiums relative to non-heritage HDB developments in peripheral zones, though absolute prices remain constrained by the public housing framework and unit compactness.

Comparative analysis across recent Tiong Bahru HDB transactions reveals that price-per-square-foot metrics for centrally located flats have remained stable to appreciative, particularly for units within 10 minutes' walk of MRT interchange stations. Investors should factor in that conservation-area designation, whilst enhancing neighbourhood prestige and tenant appeal, can impose restrictions on renovation scope and exterior modifications, potentially limiting value-add strategies available to property developers or large-scale renovators.

Leasehold Tenure and Resale Longevity

As an HDB property, units at 58 Havelock Road operate under leasehold tenure, with lease duration representing a critical consideration for long-term value retention. HDB leases are standardised at 99 years from date of grant, and as the development matures, remaining lease tenure progressively diminishes. Buyers should verify the exact lease commencement date for this address to understand residual tenure and potential lease decay impacts on future resale value.

Lease decay becomes particularly relevant for investor portfolios holding the asset into the medium term. As lease duration falls below 80 years, valuation and financing headroom typically compress, as banks reduce maximum loan-to-value ratios and many tenants or upgrading buyers become more cautious about overpaying for diminishing lease security. For this reason, investors acquiring at 58 Havelock Road should view their holding period strategically, understanding that units purchased with longer remaining tenure will likely offer superior capital retention than those purchased as lease decay progresses.

Buyer Profiles and Market Demand Segmentation

58 Havelock Road appeals to diverse buyer cohorts. First-time HDB buyers seeking entry into central Singapore appreciate the affordable price point and MRT-proximate location, which reduces reliance on car ownership. Young professionals and expatriate workers value the compact, low-maintenance format and heritage neighbourhood character. Property investors targeting rental yields favour the established tenant demand profile and leasehold security, provided lease duration remains sufficient for their investment horizon.

Upgraders moving within the HDB system may view 58 Havelock Road as an option if seeking to consolidate housing costs whilst maintaining city-centre accessibility, though the compact footprint may not suit families requiring larger living or storage space. High-net-worth individuals typically bypass such properties in favour of premium private condominiums or landed estates, unless pursuing diversified portfolio strategies that include yield-focused HDB rental assets.

Financing, ABSD, and Purchase Cost Considerations

Prospective buyers should account for Additional Buyer's Stamp Duty when acquiring at 58 Havelock Road as a second or subsequent residential property. Singapore Citizens purchasing a second residential property face ABSD at 20%, substantially elevating purchase costs beyond the base property price. For example, a unit acquired at S$350,000 would incur ABSD of S$70,000, increasing total outlay to S$420,000 before settlement of agents' fees and legal costs.

First-time HDB buyers purchasing their first residential property benefit from ABSD exemption, reducing effective acquisition costs and improving financing accessibility. Loan eligibility and Total Debt Servicing Ratio (TDSR) thresholds remain critical, particularly for investors seeking to leverage financing across multiple properties. Banks typically cap TDSR at 60% of gross monthly income, meaning investors with multiple mortgages must demonstrate substantial earnings to qualify for additional facility drawdown. Professional valuations and pre-approval processes are advisable before making firm purchase commitments at this development.

District Growth Pipeline and Future Supply Dynamics

Tiong Bahru and surrounding precincts have achieved relative maturity in terms of residential density and built-form. Unlike peripheral growth zones receiving significant new HDB and private development, the conservation precinct constrains greenfield opportunities, supporting scarcity value for existing stock like 58 Havelock Road. Future supply in the immediate vicinity is unlikely to be substantial, provided heritage conservation policies remain in effect.

Broader Central Region supply trends, however, reflect ongoing new HDB launches in Bukit Merah and mixed-income developments nearby. Competition from newer, larger-format HDB units in adjacent precincts may dampen appreciation momentum for older, compact stock at 58 Havelock Road, although the unique heritage and MRT-proximate positioning should sustain relative resilience. Investors should monitor HDB development plans released by the Housing and Development Board to anticipate potential supply shifts affecting medium-to-long-term demand dynamics.

Practical Considerations for Prospective Buyers

Potential purchasers should conduct thorough due diligence before committing to units at 58 Havelock Road. Site inspections should assess unit condition, common area maintenance, and the broader building's structural integrity, particularly relevant for older HDB stock. Engagement with property agents active in Tiong Bahru can provide real-time rental data, recent transaction comparables, and neighbour feedback on management and tenant turnover rates.

Buyers should also factor in property tax obligations, maintenance levies, and any sinking-fund contributions applicable to the building, as these running costs impact net investment returns for rental-focused acquisitions. Understanding the exact lease commencement date and remaining tenure duration is non-negotiable, as these factors directly influence financing eligibility, future buyer appeal, and residual asset value. Given the conservation precinct status, confirming permitted renovation scope and approved material/colour palettes ensures future modifications align with neighbourhood guidelines and preserve asset value.

Conclusion: A Heritage-Precinct HDB with Central Accessibility

58 Havelock Road represents a compact, centrally located HDB investment opportunity within Singapore's most culturally distinctive conservation neighbourhood. The development's proximity to EW17 Tiong Bahru MRT station, combined with heritage precinct appeal and established rental demand, positions it as a credible asset for investors and owner-occupiers seeking city-centre living without premium private development pricing. Prospective buyers must carefully evaluate lease duration, ABSD implications for second-property acquisitions, and financing capacity against purchase costs, whilst appreciating the long-term scarcity and rental-yield characteristics that distinguish centrally located HDB stock from peripheral alternatives.

Frequently Asked Questions

What rental yield can investors realistically expect from units at 58 Havelock Road?

Rental yields at 58 Havelock Road depend on acquisition price and achievable monthly rent within the Tiong Bahru neighbourhood. Given the compact 150-square-foot format and MRT-proximate location, units typically attract tenants in the young professional and single-occupant segments, supporting consistent rental demand. Conservative estimates for HDB rentals near MRT stations in established central precincts range from 3% to 5% gross yield, though actual outcomes depend on entry price, local tenant demographics, and prevailing rental market conditions at the time of purchase. Investors should engage local property managers to survey current Tiong Bahru rental rates and assess vacancy patterns before committing capital.

How does the price per square foot at 58 Havelock Road compare to other HDB transactions in Tiong Bahru?

HDB flats in Tiong Bahru have historically demonstrated stable to appreciative price-per-square-foot trends, supported by heritage conservation status, limited new supply, and sustained tenant demand near MRT interchanges. Units within a 10-minute walk of EW17 Tiong Bahru MRT typically command price premiums relative to peripheral HDB developments, reflecting transport accessibility and neighbourhood character. Recent comparable transactions in the conservation precinct show varying prices depending on lease duration, unit condition, and floor level, but price-per-square-foot ranges for centrally located HDB stock remain relatively compressed compared to private residential markets. Buyers should obtain recent comparable transaction reports from HDB or local property agents to benchmark 58 Havelock Road pricing against genuine market peers in the same precinct.

What is the Additional Buyer's Stamp Duty impact for Singapore Citizens purchasing a second property at this development?

Singapore Citizens acquiring a second residential property face Additional Buyer's Stamp Duty (ABSD) at 20%, substantially increasing purchase costs. For example, a unit acquired at S$350,000 incurs ABSD of S$70,000, raising total outlay to S$420,000 before agent fees and legal expenses. This 20% surcharge applies on top of standard Buyer's Stamp Duty and reflects government policy to cool residential investment demand and preserve affordability for owner-occupiers. For investors evaluating 58 Havelock Road as a portfolio addition, the ABSD cost must be factored into return-on-investment calculations and financing requirements. First-time HDB buyers are exempt from ABSD, making such purchasers substantially advantaged in terms of entry cost relative to investors acquiring additional residential assets.

What are the lease decay risks for units at 58 Havelock Road, and how might this affect resale value?

As an HDB property, units at 58 Havelock Road operate under leasehold tenure with a standard 99-year lease period from commencement date. Lease decay becomes a material valuation consideration as remaining tenure falls below 80 years, as banks reduce maximum loan-to-value ratios and tenant-buyers or upgrading purchasers exhibit greater price sensitivity. Historical data across Singapore's HDB market demonstrates that unit values compress measurably once lease duration drops below 70 years, and below 60 years the financing and buyer-pool constraints become pronounced. Investors acquiring at this development should verify the exact lease commencement date to calculate residual tenure and understand potential resale limitations if holding into medium-to-long-term periods. Strategic investors typically target properties with 70+ years remaining lease, ensuring adequate equity realisation and financing headroom for end-buyers.

How does proximity to EW17 Tiong Bahru MRT station influence demand and capital appreciation at this address?

Proximity to EW17 Tiong Bahru MRT station—approximately 550 metres or seven minutes' walk—substantially enhances locational appeal and supports sustained tenant demand at 58 Havelock Road. The East-West Line connects directly to major employment centres including the CBD, Marina Bay, and business parks across the western corridor, making the development attractive to working professionals seeking efficient commutes. Properties within 10 minutes' walk of MRT interchanges historically demonstrate superior rental velocity and lower vacancy rates compared to non-MRT-adjacent HDB stock, reflecting the premium tenants place on transport accessibility. Capital appreciation trends for MRT-proximate HDB properties generally outpace those in peripheral zones, as transport connectivity becomes increasingly valued in Singapore's high-density urban context. However, future MRT extensions or new competing developments near alternative stations could redistribute demand; investors should monitor long-term transport infrastructure plans affecting the broader Central Region.

Which buyer profiles are best suited to purchasing units at 58 Havelock Road?

First-time HDB buyers seeking affordable entry into central Singapore appreciate 58 Havelock Road's price point, MRT accessibility, and exemption from ABSD, making acquisition costs substantially lower than investor-profile purchasers. Young professionals and expatriate workers value the compact format and low-maintenance neighbourhood character, along with proximity to employment centres via direct MRT access. Property investors targeting rental yields favour the established tenant demand profile in heritage Tiong Bahru, though must evaluate lease duration and ABSD costs carefully to ensure investment returns justify capital deployment. Upgraders within the HDB system may consider 58 Havelock Road if seeking to consolidate housing costs whilst retaining city-centre connectivity, though the compact footprint unsuitable for larger families. High-net-worth individuals typically bypass such properties unless pursuing diversified, yield-focused portfolio strategies that include HDB rental assets alongside premium private developments.

What TDSR and financing headroom considerations apply to buyers at typical price points for 58 Havelock Road?

Total Debt Servicing Ratio (TDSR) caps at 60% of gross monthly income under current banking guidelines, meaning buyers at 58 Havelock Road must demonstrate sufficient earnings to service the mortgage alongside existing liabilities. For a unit priced at S$350,000 with 80% loan-to-value, the monthly mortgage at prevailing interest rates approximates S$1,800 to S$2,000 depending on loan tenor and rate assumptions. A buyer would require gross monthly income of approximately S$3,500 to S$3,800 to remain within TDSR constraints if carrying no other debt obligations. Investors holding multiple properties face tighter TDSR headroom, as banks aggregate all property mortgages when assessing debt servicing capacity. First-time buyers typically benefit from HDB concessional financing schemes offering longer tenors and lower interest rates, improving monthly servicing burden. Professional valuations and pre-approval with lenders are essential before making firm purchase commitments, particularly for investor-profile acquirers managing multiple mortgage facilities.

How does 58 Havelock Road compare to nearby competing HDB and mixed-income developments?

Tiong Bahru's HDB stock predominantly comprises older, compact units like those at 58 Havelock Road, positioned within a unique heritage conservation precinct that constrains direct competition from new greenfield HDB supply. Nearby developments in Bukit Merah and adjacent precincts offer larger-format units and newer construction, potentially appealing to families and upgraders seeking additional space, though at the cost of marginal distance from MRT stations or reduced neighbourhood character. Mixed-income developments in the Central Region provide hybrid tenure models and premium amenities at higher price points, appealing to upgraders and investor-profile purchasers with greater capital availability. The distinction between 58 Havelock Road and competing stock rests on heritage cultural appeal, conservation precinct prestige, and mature MRT-proximate location, rather than absolute unit size or modern facilities. Investors evaluating competing options should consider lease duration, tenant demand profiles, and capital appreciation trends across multiple precincts before determining optimal portfolio allocation.

Which unit stack, floor level, or specific locations within 58 Havelock Road offer superior value propositions?

Unit value within 58 Havelock Road typically varies by floor level, facing orientation, and proximity to lifts and common facilities. Lower floors may command modest discounts relative to higher levels due to perceived reduced privacy and external noise exposure, though they offer convenience advantages for elderly residents and those preferring reduced stair reliance. Mid-level units (floors 3-6) often represent optimal value, balancing privacy, natural light, and residual lease value perception amongst potential buyers and tenants. Units facing quiet internal courtyards or with northern aspects typically attract higher rents in tropical Singapore, as tenants value ventilation and reduced afternoon heat exposure. Proximity to lift lobbies and stairwells influences desirability; units positioned away from high-traffic common areas may command modest premiums due to perceived tranquility, though comparative valuation differences remain modest for HDB stock. Investors should inspect multiple units across different floors and locations to identify relative value, as locational preferences within a single development can influence rental velocity and eventual resale pricing.

What future supply pipeline exists in Tiong Bahru and surrounding districts, and how might this affect 58 Havelock Road's long-term value?

Tiong Bahru's heritage conservation status fundamentally constrains greenfield HDB supply within the immediate precinct, supporting long-term scarcity value for existing stock like 58 Havelock Road. Unlike peripheral growth zones receiving substantial new HDB launches, the conservation-precinct designation preserves neighbourhood character and limits new residential density, favouring existing unit valuations through supply constraint. Broader Central Region supply dynamics reveal ongoing new HDB developments in adjacent Bukit Merah and mixed-income projects, which may introduce competing newer, larger-format units that attract upgraders and young families currently residing in compact Tiong Bahru stock. However, the unique heritage appeal and MRT-proximate positioning of 58 Havelock Road should sustain relative resilience against commoditised competing supply. Investors should monitor Housing and Development Board development plans and Central Region masterplans published by Urban Redevelopment Authority to anticipate potential supply shifts affecting medium-to-long-term demand. Understanding future pipeline dynamics helps investors determine optimal entry and exit timing for acquisitions at this heritage-precinct development.

What ongoing maintenance costs, property taxes, and sinking-fund contributions apply to units at 58 Havelock Road?

HDB property owners at 58 Havelock Road incur annual property tax based on the estimated annual rental value of their units, typically ranging from 4% to 6% of gross annual rental income for investment-profile flats. Beyond property tax, owners contribute to building sinking funds, which accumulate capital for major repairs, lift maintenance, and structural upgrades, typically amounting to S$50 to S$100 per unit monthly depending on the building's age and maintenance requirements. Monthly maintenance levies cover routine common area upkeep, pest control, and security services, varying by development but approximating S$30 to S$50 per unit. These running costs meaningfully impact net investment returns for rental-focused acquisitions; a unit generating S$1,200 monthly gross rent faces total running costs of approximately S$200 to S$300 monthly, reducing net rental yield by 17% to 25% after property tax, sinking fund, and maintenance charges. Prospective investors must factor these operating costs into detailed return calculations to accurately assess true profitability relative to alternative investment channels. Reviewing historical sinking-fund expenditures and management's budgeting for future major works helps identify potential cost-escalation risks.

[For Rent] Hdb Flat At 58 Havelock Road — From S$1,200