Type

Units

Min Area

Price Range

2 BR

775 sqft

S$565K

Property Highlights

HDB development with 1 unit currently available.
Prices currently start from S$565K.
For Singaporean second property buyers, ABSD applies at 20% of the purchase price, approximately S$113K on this acquisition.
Located 8 min (650 m) from EW16 Outram Park 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.

6 Everton Park: Central HDB Living Near Outram Park

6 Everton Park stands as an established public housing development in one of Singapore's most vibrant central precincts. Located within comfortable walking distance of Outram Park MRT station on the East-West Line, this development benefits from excellent connectivity to the wider city and a mature residential environment that has evolved over decades. The address places residents at the intersection of heritage, commerce, and urban culture, with the Tiong Bahru neighbourhood immediately adjacent and the Central Business District reachable within minutes.

The property market in this area reflects strong underlying demand from multiple buyer segments. First-time buyers often gravitate towards central HDB flats for their affordability relative to freehold private residences, whilst upgraders seek the convenience of established neighbourhoods with proven amenities and community infrastructure. Investors recognise the rental potential in precincts with sustained foot traffic and professional working populations nearby. Units at 6 Everton Park are offered from S$565,000 and vary across different floor plates and configurations, allowing prospective purchasers to select an option that aligns with both budget and space requirements.

Location and Transport Connectivity

The proximity to Outram Park MRT station—approximately 650 metres or an 8-minute walk—represents a material advantage for daily commuters and long-term asset value. The East-West Line serves the entire breadth of the island, from Pasir Ris in the east through the CBD and on to Tuas in the west, making this address highly accessible for cross-island travel without reliance on private transport. This transport advantage has historically supported both residential demand and rental enquiry in the precinct, as tenants value the time savings and reduced transport costs.

Beyond the MRT, the neighbourhood benefits from comprehensive bus coverage and proximity to major roads including Neil Road and Eu Tong Sen Street. For those driving, the location offers reasonable access to expressways and the CBD's commercial hub. The walking environment around Everton Park is also characterised by street-level retail, hawker centres, and community spaces, creating a lived experience beyond mere residential function.

Neighbourhood Character and Amenities

This precinct has matured into one of Singapore's most distinctive mixed-use areas. Tiong Bahru, immediately accessible, has undergone careful urban renewal whilst retaining its character as a heritage neighbourhood. The presence of established schools, medical clinics, supermarkets, and dining establishments means residents enjoy convenience without sacrifice of authenticity. The community is diverse, spanning young professionals, families, and retirees who value walkability and established infrastructure over new developments.

Local amenities include recreational facilities, community centres, and parks distributed throughout the precinct. The neighbourhood also attracts visitors and workers from surrounding commercial zones, creating vibrancy and supporting a range of retail and food businesses. For families, proximity to schools and childcare centres is a significant draw, whilst professionals benefit from the short commute to office parks and financial institutions in the CBD.

HDB Flat Specifications and Layout Options

Units within this development span multiple configurations, with floor areas typically ranging around 775 square feet and varying bedroom counts available across the stack. The flats reflect HDB design standards, with emphasis on practical layouts that maximise usable living space within a compact footprint. Different unit types allow buyers to match their household composition and lifestyle requirements, whether seeking a comfortable 2-bedroom for a couple or small family, or a larger configuration for growing households.

The age and condition of individual units will vary across the development's flats. Newer upgrades or recently completed unit renovations command premium pricing, whilst older units may appeal to buyers prepared to undertake refurbishment for personal preference or value-add strategies. The interior finishes, window orientation, floor level, and proximity to lift/stairwell entrances are all material considerations that differentiate pricing across equivalent bedroom counts.

Investment and Rental Potential

The central location and transport linkage make this development attractive to buy-to-let investors. The proximity to the CBD ensures a steady stream of professional tenants seeking short-term leases or long-term rentals, particularly from expatriates and transferred workers. The rental market in central HDB precincts has historically supported yields in the region of 3–4% gross annual rental, depending on unit condition, configuration, and lease remaining on the property.

Prospective investor-landlords should consider the remaining lease tenure carefully, as this directly impacts tenant acceptability and future resale value. Lenders increasingly impose restrictions on mortgageability once leasehold HDB flats fall below certain remaining terms, constraining the pool of future buyer-investors. Properties with longer lease terms tend to command stronger rental demand and capital resilience over time.

Pricing and Market Comparison

The development is priced competitively within the central HDB market, with unit pricing driven primarily by remaining lease tenure, floor level, condition, and specific configuration. Price per square foot in this precinct has historically tracked relative to other East-West Line HDB precincts with similar transport advantages, though lease decay—the reduction in property value as remaining lease shortens—is an ever-present factor. Buyers and investors must weigh immediate affordability against long-term depreciation risk, particularly for units with lease terms below 80 years remaining.

Comparable transactions nearby provide useful benchmarks, though each unit's unique characteristics mean direct price-to-price comparison is rarely straightforward. Professional valuation takes into account the specific lease remaining, recent comparable sales, renovation status, and market conditions at point of purchase. First-time buyers should engage conveyancing specialists early to understand all costs involved, including buyer's stamp duty, legal fees, and any ABSD liability.

Financing and ABSD Implications

For first-time Singapore Citizen or permanent resident buyers, the financial structure is relatively straightforward, with stamp duty on the purchase price and standard mortgage terms available through HDB loan or commercial banking institutions. The HDB loan scheme typically offers competitive rates and terms favourable for owner-occupiers, though some buyers may prefer commercial mortgages for flexibility or existing debt management.

Buyers acquiring a second residential property face material Additional Buyer's Stamp Duty at the rate of 20%, applied on top of standard stamp duty. This significantly raises total acquisition costs and must be factored into investment models and purchase budgets. For example, a buyer acquiring a second residential property at S$565,000 would face ABSD of S$113,000, materially affecting cash-on-hand requirements and investor return calculations. Professional tax and financial planning is advisable for investors managing multiple properties.

Lease Tenure and Long-Term Considerations

HDB leasehold terms are standardised at either 99 years or 999 years, with the exact tenure for each flat specified in the purchase contract. Lease decay is a critical factor in HDB pricing and resale viability. As the lease approaches the 30-year mark remaining, buyer demand and financing availability narrow considerably. Many financial institutions impose mortgage caps or refuse lending altogether once remaining lease falls below certain thresholds, effectively removing the property from the investment market.

Prospective buyers should obtain and review the remaining lease term certificate before committing to purchase. For units with lease terms approaching or below 80 years, the forward resale market becomes progressively constrained, and capital appreciation cannot be assumed. The government's Selective En Bloc Redevelopment Scheme (SERS) and lease extension mechanisms exist but operate on strict criteria and are not guaranteed. Long-term owners must plan around the reality that HDB lease decay is a structural factor in the asset class.

Buyer Suitability Across Demographics

First-time buyers benefit from lower entry prices and HDB loan advantages, though must accept leasehold tenure and eventual lease decay risk. Young professionals and couples without children often find central HDB precincts optimal, balancing affordability, transport convenience, and urban lifestyle. Families with school-age children may prioritise proximity to educational institutions and larger unit configurations. Upgraders moving from smaller HDB flats or condominiums seek improved space and neighbourhood character, often accepting the central location trade-off against newer, outlying developments. Investors pursue properties in high-transport-accessibility areas with robust rental demand, viewing the asset primarily through yield and capital appreciation projections.

This development's positioning makes it versatile across buyer profiles, though each segment must assess their specific priorities. Owner-occupiers may prioritise location and convenience above lease-decay risk, whilst investors must conduct rigorous financial modelling to justify the acquisition cost and project realistic hold periods and exit scenarios.

Future Supply and Market Outlook

The precinct is mature and largely built out, meaning new residential supply is limited to en bloc redevelopment or government-led upgrading programmes. This supply constraint has historically supported price resilience in central precincts, as new entrants cannot easily expand the housing stock. However, the pipeline of HDB flats approaching lease-expiry phases across Singapore presents a systemic long-term challenge for the asset class, which policymakers continue to address through lease extension frameworks and buyback schemes.

The broader economic outlook for the CBD and financial services sector affects tenant demand and investor confidence in this location. Continued investment in transport infrastructure, urban renewal, and heritage conservation in precincts like Tiong Bahru reinforce the neighbourhood's long-term viability, though macroeconomic headwinds or structural workplace changes (e.g., sustained remote work adoption) could pressure rental demand and investor appetite.

Frequently Asked Questions

What is the estimated rental yield for investor buyers at 6 Everton Park?

Investor-landlords targeting HDB flats in central precincts like this typically model gross rental yields in the region of 3–4% annually, depending on unit condition, configuration, and remaining lease tenure. A property priced at S$565,000 would require approximately S$1,400–S$1,900 per month in rental income to achieve this range. However, actual achievable rent depends on tenant demand in the specific market segment (professional tenants, transferees, young couples) and whether the unit is unfurnished or furnished. Investors must also account for property taxes, maintenance contributions, and potential voids between tenancies, which can reduce net yield. Lease tenure is critical: units with remaining lease below 80 years often command lower rents and attract fewer tenants, materially eroding yield projections.

How does per-square-foot pricing at 6 Everton Park compare to recent HDB transactions in the East-West Line corridor?

Price per square foot at this development will fluctuate based on remaining lease tenure, floor level, and unit condition, though the development sits within the established central HDB market band. Recent transactions along the East-West Line in comparable central precincts (Tiong Bahru, Outram, Pearl Bank) have ranged broadly depending on lease remaining—properties with longer leases command premium psf pricing, whilst those approaching lease decay thresholds trade at discounts. At a list price of S$565,000 for approximately 775 sqft, the nominal psf is around S$730, though individual units within this development will vary. Prospective buyers should request recent comparable sale data from their agent and conduct market research across multiple East-West Line precincts to establish realistic benchmarking. Properties on higher floors or with corner units typically command 5–15% psf premiums, all else equal.

What is the Additional Buyer's Stamp Duty (ABSD) cost for a Singapore Citizen buying a second residential property here?

A Singapore Citizen purchasing a second residential property at 6 Everton Park faces Additional Buyer's Stamp Duty at the current rate of 20%, applied on top of standard stamp duty. For a property priced at S$565,000, ABSD would be S$113,000, a substantial acquisition cost that materially affects purchase affordability and investment returns. Standard stamp duty (tiered at rates up to 4.25%) would add a further approximate S$9,600 on top of ABSD, bringing total stamp-duty-related costs to roughly S$122,600. These costs are in addition to legal fees, conveyancing costs, and any property taxes. Investors purchasing this property as a second residential asset must ensure their financial models account for these upfront costs and understand that they will reduce net cash-on-hand and lower effective rental yield. First-time owner-occupiers and Singapore Permanent Residents purchasing their first residential property are not subject to ABSD and face significantly lower acquisition costs.

What is the lease decay risk for properties at 6 Everton Park, and how does it affect future resale value?

Lease decay is a structural risk in HDB properties: as remaining lease shortens, property value depreciates, and the market pool of potential buyers shrinks dramatically. HDB flats at 6 Everton Park carry either 99-year or 999-year lease tenure as at original grant; the exact remaining lease for each unit varies and must be confirmed via the title documentation. For units with 99-year original tenure granted in recent decades, the remaining lease will be somewhere between 70–95 years today, depending on the original grant date. Once remaining lease falls below 30 years, the property becomes difficult to finance, tenant demand weakens, and resale value can fall 30–50% relative to units with longer remaining leases. Financial institutions increasingly refuse mortgages on leases below 80 years remaining, effectively excluding investor-landlords from the buyer pool. Prospective owners must carefully assess the remaining lease term at point of purchase and understand that long-term capital appreciation cannot be assumed; instead, plan for depreciation as the lease decays. Government lease extension schemes and the Selective En Bloc Redevelopment Scheme (SERS) exist but are not guaranteed and operate on strict criteria.

How does proximity to Outram Park MRT station affect demand and capital appreciation at this location?

The 8-minute walk to Outram Park MRT station on the East-West Line is a material demand driver and has historically supported both residential prices and rental enquiry in this precinct. The East-West Line is one of Singapore's highest-utilisation transport corridors, serving the CBD, business parks, and cross-island commuters, ensuring consistent tenant demand for rental units. Properties within 10 minutes' walk of an MRT station typically command 10–20% price premiums over equivalent units in areas requiring longer walks or car access, a phenomenon well-documented in HDB market research. Capital appreciation is partly supported by transport accessibility, though must be viewed alongside lease decay and macroeconomic factors. The established nature of the precinct and its maturity mean further transport improvements are limited, so the relative attractiveness of this location is stable rather than improving. For tenants and owner-occupiers, the MRT access provides genuine lifestyle value and reduces transport costs, supporting medium-term demand. However, investors should not assume significant future appreciation; instead, they should value the asset primarily on current rental yield and existing market positioning.

Is 6 Everton Park suitable for first-time buyers, upgraders, and investors respectively?

First-time buyers benefit materially from HDB entry pricing and the HDB loan scheme, which offers competitive rates and terms unavailable for private property. The central location and established amenities make this development particularly attractive for young professionals and couples without children, who value transport convenience and urban lifestyle over newer, outlying developments. However, first-timers must understand and accept the 99-year lease tenure and eventual lease-decay risk, planning their purchase around a realistic holding period (e.g., 20–30 years) rather than indefinite ownership. Upgraders moving from smaller HDB flats or condominiums often find central precincts like this appealing for lifestyle and convenience, though may prioritise larger units in newer estates if family size is expanding. Investors pursue these properties for rental yield, seeking properties with strong transport access and professional tenant demand; however, they must conduct rigorous financial modelling, account for the 20% ABSD cost on second-property purchases, and carefully assess remaining lease tenure to project realistic hold periods. Each buyer profile must align their priorities with the specific unit's remaining lease, condition, and pricing to ensure the acquisition makes sense for their circumstances.

What TDSR and financing headroom should buyers model at typical price points for this development?

Total Debt Servicing Ratio (TDSR) is capped at 60% for HDB loans and 55% for commercial mortgages, meaning a buyer's monthly debt commitments (including the new mortgage) cannot exceed 60% (HDB) or 55% (commercial) of gross monthly income. At a purchase price of S$565,000, assuming a 25-year mortgage at approximately 3.5% interest and 20% down payment (S$113,000), the monthly mortgage instalment would be approximately S$1,800–S$1,900. A buyer with gross monthly income of S$4,000 can sustain TDSR of 60%, allowing total debt servicing of S$2,400; this leaves S$500–S$600 headroom for other debts (car loans, credit cards, etc.) before exceeding TDSR limits. Buyers with existing debts must account for those liabilities in their TDSR calculation, potentially reducing borrowing capacity. HDB loans typically require demonstrable savings (own funds) equivalent to the down payment, whilst commercial mortgages offer greater flexibility but at higher interest rates. Prospective buyers should obtain pre-approval or indicative loan statements from their preferred lender before making an offer, as financing capacity directly constrains purchasing power. First-time buyers benefit from HDB loan rates, whilst second-property investors often use commercial mortgages and face higher carrying costs.

How does 6 Everton Park compare to nearby competing HDB developments in the same area?

Nearby established HDB precincts include Tiong Bahru, Pearl Bank, and Outram Park itself, each offering similar East-West Line transport convenience but with varying age profiles, renovation status, and lease-remaining characteristics. Tiong Bahru flats, depending on the specific block and building date, span a range of original lease tenures and current remaining leases; some units offer excellent value and heritage character, whilst others face steeper lease-decay challenges. Pearl Bank, located directly on the MRT corridor, has historically commanded premium pricing due to its iconic design and central positioning, though lease-decay considerations apply equally. Outram Park flats offer similar transport access and neighbourhood amenities with potentially differing remaining leases and renovation cycles. Pricing varies significantly across these precincts based on remaining lease, unit condition, and floor level; units with longer remaining leases and higher-floor positioning typically command 10–20% premiums. Prospective buyers should conduct side-by-side comparisons of recent transactions across these nearby blocks to establish fair-market benchmarking. The choice between 6 Everton Park and competing units in the precinct often hinges on specific lease-remaining, unit condition, and individual preference for neighbourhood sub-location rather than significant pricing differentials.

Which unit stacks or floor levels at 6 Everton Park offer better value for buyers?

Lower-floor units (typically Levels 1–6) often attract modest discounts of 5–10% relative to mid-range floors, reflecting some buyers' preference for higher floors, better views, and reduced stairwell noise. However, lower-floor units benefit from shorter elevator wait times, reduced repair costs for plumbing/systems, and easier access for elderly residents or those with mobility constraints—advantages that may outweigh the modest price discount for certain buyers. Mid-range floors (Levels 7–15) typically command the best pricing efficiency, balancing access convenience with typical HDB unit demand patterns; these floors offer solid value without the premium attached to higher-floor units. High-floor units (Levels 16+, where applicable) often trade at 10–20% premiums due to superior views, perceived privacy, and reduced street noise, though this pricing premium may not translate to equivalent rental uplift, making them less attractive for investors. Corner units and units with better window orientation (east/west vs. internal facing) also command locational premiums. Value-conscious buyers—whether first-timers or investors—may find mid-range floors and non-corner units offer optimal pricing efficiency, whilst those prepared to pay for lifestyle may justify higher-floor premiums. The specific building layout and unit orientation should be reviewed on-site or via floor plans before purchase.

What is the future supply pipeline for HDB flats in the Outram/Tiong Bahru district, and how might it affect this property's value?

The Outram/Tiong Bahru precinct is mature and largely built out; new greenfield HDB supply in this central location is negligible, and the neighbourhood is characterised by infill redevelopment and heritage conservation rather than expansion. This supply constraint historically supports price resilience in central HDB precincts, as new entrants cannot easily expand the housing stock and competition for existing units remains high. However, the broader HDB market faces a long-term structural challenge: a growing pipeline of HDB flats island-wide is approaching the lease-expiry phase, with properties reaching below-80-year remaining leases becoming increasingly difficult to finance and resell. Government programmes including lease extension and the Selective En Bloc Redevelopment Scheme (SERS) aim to address this, though these are not guaranteed and operate on strict criteria. For investors and owner-occupiers at 6 Everton Park, the lack of new local supply provides some defensive positioning, though the existence of older units elsewhere in the district with more-decayed leases may compress pricing for this property as leasing demands shift. Over a 20–30 year hold period, government policy on HDB lease extension and redevelopment will likely be decisive in determining capital outcomes. The precinct's heritage and cultural significance (Tiong Bahru being a conservation area) may support long-term policy attention, though this is not guaranteed.

[For Sale] Hdb Flat At Everton Park — From S$565K