Type

Units

Min Area

Price Range

3 BR

936 sqft

S$688K

Property Highlights

HDB development with 1 unit currently available.
Prices currently start from S$688K.
For Singaporean second property buyers, ABSD applies at 20% of the purchase price, approximately S$138K on this acquisition.
Located 5 min (410 m) from TE26 Marine Parade 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.

60 Marine Drive: A Mature HDB Development in the Heart of Marine Parade

60 Marine Drive stands as an established public housing development positioned in one of Singapore's most desirable East Coast neighbourhoods. Situated along Marine Drive itself, this HDB project benefits from a location that has matured over decades into a well-serviced residential precinct with strong community infrastructure and excellent connectivity. The development offers a range of unit types designed to accommodate different household compositions, with three-bedroom configurations among the available stock.

The neighbourhood surrounding 60 Marine Drive is characterised by its proximity to both recreational facilities and commercial amenities. Marine Parade as a district has long been recognised for its blend of residential tranquillity and convenient access to leisure destinations. Residents enjoy walking distance to the waterfront, established food and beverage options, and a range of neighbourhood shops that serve daily needs. This balance of lifestyle convenience and residential calm has sustained consistent demand for properties in this area over many property cycles.

Transport Connectivity and MRT Access

A defining feature of 60 Marine Drive is its location within 410 metres—approximately five minutes' walk—from TE26 Marine Parade MRT station. This proximity to the Thompson-East Coast Line (TEC Line) provides residents with direct connectivity to major commercial hubs, employment centres, and interchange stations throughout Singapore's wider transport network. For property investors and owner-occupiers alike, proximity to an operational MRT station typically translates to sustained demand, reduced reliance on private vehicles, and enhanced long-term capital appreciation potential. The Thompson-East Coast Line's opening in recent years has reinforced the strategic importance of this precinct, making Marine Parade increasingly attractive to both local and expatriate residents seeking efficient commute pathways.

Unit Composition and Pricing

Properties at 60 Marine Drive are priced from S$688,000 for available three-bedroom configurations. The per-square-foot valuation places this development competitively within the Marine Parade HDB market, where recent transactions and asking prices have reflected the area's maturity and strong locational fundamentals. Units typically measure around 936 square feet or similar proportions, providing generous space for family living. The development's pricing structure reflects both its lease tenure and the underlying strength of demand for East Coast HDB stock, particularly among upgraders moving from smaller units and young families establishing their first permanent residence.

Market Position and Buyer Profiles

60 Marine Drive attracts several distinct buyer profiles across the property market spectrum. First-time buyers entering the HDB resale market often view Marine Parade as an accessible gateway to coastal living, particularly when purchasing within HDB price bands that represent their initial capital outlay. Upgraders from smaller two-bedroom units or non-mature estates seek the spaciousness and established neighbourhood character that this development delivers. Investors evaluating the HDB resale segment for rental yield or long-term capital growth recognise Marine Parade's consistent demand patterns and tenant retention characteristics. Owner-occupiers with professional employment across Singapore's East Coast and city-centre business districts benefit substantially from the short commute afforded by nearby MRT connectivity.

Lease Tenure and Resale Considerations

As an HDB property, units at 60 Marine Drive carry the lease tenure characteristics inherent to public housing. The development's maturity means that lease decay—the gradual reduction in unexpired tenure as years progress—becomes an increasingly relevant consideration for purchasers, particularly those viewing the property as a 30-year or longer holding period. Resale value trajectories for HDB properties in established neighbourhoods like Marine Parade have historically demonstrated resilience during economic cycles, supported by the underlying scarcity of land and the consistent demographic demand for family-sized public housing. Prospective buyers should factor lease tenure into their financing and long-term wealth accumulation strategy, as banks typically impose more restrictive loan tenures on properties approaching their later lease years.

Investment Metrics and Rental Potential

For investors evaluating 60 Marine Drive as a rental investment, the development's neighbourhood profile and transport accessibility present compelling fundamentals. HDB rental demand in Marine Parade remains robust, supported by the area's appeal to both local and international tenants seeking authentic East Coast residential character combined with modern convenience. Rental yields across the HDB segment vary based on market cycles, but Marine Parade has historically maintained competitive rental rates relative to other mature East Coast precincts. Investors should model cash-on-cash returns using realistic rental assumptions and factor in HDB-specific outgoings, including town council conservancy charges and sinking fund contributions, to establish true investment yield.

Financing and TDSR Considerations

Prospective purchasers at 60 Marine Drive should engage with financial institutions to understand their financing capacity under current Total Debt Servicing Ratio (TDSR) frameworks. For a three-bedroom unit priced around S$688,000, typical financing scenarios involve down payments of 25% to 30%, with the remaining amount financed through HDB concessional loans or bank mortgages. TDSR regulations cap debt servicing at 60% of gross monthly income, a constraint that impacts the absolute loan quantum available to each purchaser. First-time buyers benefit from HDB's concessional lending terms, whilst upgraders and investors must secure bank financing and should anticipate marginally higher interest rate benchmarks. Professional advisors can assist with stress-testing financing arrangements under rising interest rate scenarios.

Comparative Market Position

Within the Marine Parade HDB ecosystem, 60 Marine Drive occupies a position of established appeal. Nearby developments and scattered blocks in the precinct offer alternative stock, but the development's specific combination of unit sizes, lease tenure, MRT proximity, and pricing creates distinct appeal for different buyer segments. Transaction evidence from comparable Marine Parade blocks provides guidance on realistic achievable prices and market sentiment. Prospective purchasers evaluating 60 Marine Drive against alternative Marine Parade properties should prioritise their personal lifestyle requirements—such as floor level preferences, unit orientation, and proximity to specific amenities—rather than purely chasing fractional price differentials across the precinct.

Future District Development and Supply Dynamics

The Marine Parade district's future development trajectory will influence long-term value appreciation for 60 Marine Drive. Singapore's broader planning framework emphasises densification along transport corridors, and the Thompson-East Coast Line's completion has catalysed interest in East Coast precincts as desirable residential addresses. Government land use policies favour mixed-use intensification near MRT nodes, potentially introducing new retail, commercial, or leisure facilities that enhance neighbourhood amenities. However, HDB supply growth in mature planning areas like Marine Parade is typically constrained, as the Housing and Development Board prioritises new construction in emerging estates. This relative supply constraint, combined with demographic demand for East Coast living, provides a structural tailwind for resale values across established Marine Parade HDB stock over long holding periods.

Frequently Asked Questions

What rental yield can I expect if I purchase a unit at 60 Marine Drive as an investment property?

Rental yields on HDB properties in Marine Parade typically range from 2.5% to 3.5% gross annual return, depending on unit configuration, lease tenure, and current market rental rates. A three-bedroom unit at 60 Marine Drive would generate monthly rental income in the region of S$1,400 to S$1,700, assuming prevailing East Coast HDB rental benchmarks. However, investors must deduct HDB conservancy charges, sinking fund contributions, and potential vacancy periods to calculate true net yield, which typically reduces gross yield by 0.5% to 0.8% annually. Your actual rental yield will depend on tenant profile, lease management efficiency, and the property's specific condition and floor level at the time of purchase.

How does the per-square-foot pricing at 60 Marine Drive compare to recent HDB transactions in Marine Parade?

Recent resale transactions for three-bedroom HDB units in Marine Parade have traded at price points between S$700 and S$780 per square foot, reflecting the precinct's maturity and strong MRT connectivity. At S$688,000 for approximately 936 square feet, 60 Marine Drive units price around S$735 per square foot, positioning the development within the middle band of recent Marine Parade HDB activity. Transaction evidence across comparable Marine Parade blocks demonstrates that per-square-foot values have demonstrated slight upward momentum over the past 18 to 24 months, supported by sustained demand and limited new supply in the area. Buyers should verify current asking prices and recent sold transactions through HDB public records to ensure pricing alignment with market conditions at the time of their purchase decision.

What is the Additional Buyer's Stamp Duty impact if I purchase 60 Marine Drive as my second residential property?

Singapore Citizens purchasing 60 Marine Drive as a second residential property are subject to Additional Buyer's Stamp Duty (ABSD) at the current rate of 20% on the purchase price. For a unit priced at S$688,000, this equates to approximately S$137,600 in ABSD liability, payable in addition to the standard buyer's stamp duty and legal fees. ABSD is calculated on the full purchase price and must be settled before the property transfers to your name, requiring careful cash flow planning during the purchase process. Some buyers structure financing to incorporate ABSD into their total borrowing requirement, though lenders typically require cash payment of ABSD at completion; professional tax advisors can elaborate on structuring options appropriate to individual circumstances.

How does lease decay affect the resale value and financing of units at 60 Marine Drive?

As a mature HDB development, lease decay is a material consideration for 60 Marine Drive properties, as the unexpired lease term directly influences both property valuation and bank financing eligibility. Properties with fewer than 60 years remaining on their lease face progressively tighter financing restrictions, with banks typically unwilling to extend loan tenures that would extend beyond the lease expiry date. Resale values for HDB properties typically decline more steeply once the unexpired lease falls below 50 years, as buyer pools contract to owner-occupiers with shorter holding horizons and investors become more cautious. Purchasers of 60 Marine Drive should verify the exact unexpired lease tenure with HDB before committing to purchase, and should stress-test their financing assumptions using conservative loan-to-value ratios and shorter amortisation periods to ensure realistic borrowing capacity as lease terms shorten over time.

How does proximity to Marine Parade MRT station influence demand and capital appreciation for 60 Marine Drive?

The Thompson-East Coast Line's opening reinforced Marine Parade MRT station as a major transport node, and properties within 500-metre walking distance—including 60 Marine Drive at approximately 410 metres—command consistent premiums relative to HDB stock further from MRT stations. This proximity generates enduring demand from commuters seeking sub-five-minute walking access to public transport, reducing household reliance on private vehicles and lowering monthly transport costs. Capital appreciation trajectories for MRT-proximate HDB stock have historically outpaced non-MRT-linked properties during property cycles, as transport connectivity becomes increasingly scarce and valuable as urban densification accelerates. Properties at 60 Marine Drive should benefit from this structural MRT proximity premium over 20 to 30-year holding periods, though short-term capital appreciation remains subject to broader macroeconomic conditions and interest rate cycles.

Which buyer profiles are best suited to purchasing a unit at 60 Marine Drive?

First-time HDB buyers benefit substantially from 60 Marine Drive's established neighbourhood character, family-sized unit configurations, and proximity to everyday amenities, making the development an accessible gateway to owner-occupied housing in a premium East Coast location. Upgraders transitioning from smaller HDB stock or non-mature estates seek the spaciousness and established community infrastructure that Marine Parade offers, and 60 Marine Drive's pricing positions it competitively for this segment. Owner-occupiers employed across East Coast business districts and the city centre appreciate the short MRT commute and lifestyle convenience afforded by this location, supporting a 30-year or longer owner-occupied holding period. Investors evaluating HDB stock for rental income and capital growth find Marine Parade's consistent tenant demand and established residential market attractive, though they must carefully factor lease tenure into yield calculations and long-term exit strategies.

What financing headroom and TDSR constraints should I anticipate when purchasing at 60 Marine Drive?

For a three-bedroom unit at 60 Marine Drive priced around S$688,000, typical financing scenarios involve borrowing S$480,000 to S$515,000 after a 25% to 30% cash down payment, with HDB concessional loans providing lower interest rates than bank mortgages. Under current TDSR regulations, your monthly debt servicing cannot exceed 60% of gross monthly income, meaning a S$500,000 loan serviced over 25 years requires approximately S$8,500 monthly gross income to remain within regulatory limits. First-time buyers benefit from HDB's concessional lending at rates typically 0.1% to 0.3% below market, expanding financing capacity relative to upgraders and investors who must secure bank mortgages at higher rate benchmarks. Prospective purchasers should engage with their bank or HDB loan officers early to establish realistic financing capacity, as banks may impose tighter TDSR margins for properties with shorter unexpired lease tenures or applicants with existing debt obligations.

How does 60 Marine Drive compare to nearby competing HDB developments in Marine Parade?

The Marine Parade HDB precinct includes several established developments and scattered blocks, each offering distinct combinations of unit sizes, lease tenure, and specific locational characteristics within the broader neighbourhood. 60 Marine Drive's pricing and per-square-foot metrics position it competitively relative to recent transactions across comparable Marine Parade blocks, though individual unit-specific factors such as floor level, unit orientation, and facing direction create differentiation that unit-by-unit comparison. Prospective buyers evaluating 60 Marine Drive against alternative Marine Parade properties should prioritise their personal lifestyle priorities—such as unit orientation, floor level preferences, proximity to specific retail or leisure facilities—rather than purely chasing marginal price differentials. Recent transaction data across Marine Parade blocks provides market intelligence on achievable pricing and realistic offer levels for the precinct as a whole.

Which unit stack or floor level at 60 Marine Drive offers the best value proposition?

Value assessment for different unit stacks and floor levels at 60 Marine Drive depends on individual preferences and investment objectives, as pricing differentials across levels typically reflect buyer preferences rather than fundamental property quality variations. Mid-to-upper floor units (levels 3 to 5) often command modest premiums due to reduced noise exposure from ground-level traffic and enhanced natural light, though these premiums rarely justify the price differential for cost-conscious buyers. Ground or first-level units appeal to families with young children and elderly residents who value reduced stair reliance, and such units may trade at modest discounts that provide value for buyers with accessibility requirements. Investors should analyse rental demand patterns across floor levels within Marine Parade to identify which stack configurations attract tenant demand and command rental premiums; some tenants prefer lower floors for accessibility, whilst others prioritise upper-level quietness, creating opportunities for floor-specific arbitrage.

What future supply pipeline and district development plans might influence 60 Marine Drive's long-term value?

Singapore's planning framework emphasises transport-proximate densification, and the Thompson-East Coast Line's completion has positioned Marine Parade for potential mixed-use intensification that could enhance neighbourhood amenities and support property values over 20 to 30-year timeframes. HDB new construction in mature planning areas like Marine Parade is typically constrained by land availability and government priorities favouring growth in emerging estates, meaning new supply competition for 60 Marine Drive stock remains limited over the medium term. Government land use policies may introduce new retail, commercial, or leisure facilities near Marine Parade MRT station that enhance the neighbourhood's appeal without materially increasing housing supply in the immediate precinct. Prospective buyers should monitor Singapore's long-term Master Plan updates and Urban Redevelopment Authority announcements regarding East Coast development intentions, as major infrastructure or intensification projects could positively influence demand and capital values over multi-decade holding periods.

[For Sale] Hdb Flat At 60 Marine Drive — From S$688K