Type

Units

Min Area

Price Range

3 BR

1200 sqft

S$4,250/mo

Other

100 sqft

S$900/mo

Property Highlights

HDB development with 2 units currently available.
Prices currently range from S$900 to S$4,250.
For Singaporean second property buyers, ABSD applies at 20% of the purchase price, approximately S$180 on this acquisition.
Located 5 min (440 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.

62 Marine Drive: Premium HDB Living on Singapore's East Coast

Located at the heart of Marine Parade, 62 Marine Drive represents an exceptional opportunity to own a well-appointed HDB flat in one of Singapore's most desirable residential districts. This established development offers spacious units that combine modern comfort with the convenience of an enviable neighbourhood. Marine Parade has long held appeal for buyers seeking a balance between vibrant urban amenities and a strong sense of community, making 62 Marine Drive an attractive proposition for owner-occupiers and investors alike.

The development's proximity to Marine Parade MRT station (TE26) is a defining advantage. Situated just 440 metres away—roughly a five-minute walk—residents enjoy seamless access to the East-West Line, connecting directly to Changi Airport, the CBD, and beyond. This strategic location elevates the area's appeal to commuters, professionals, and families who value time-efficient transport links. The MRT connectivity significantly enhances both daily convenience and long-term capital appreciation potential, as properties within walking distance of major transit hubs consistently command stronger demand in the resale market.

Space and Layout at 62 Marine Drive

Units at this address feature thoughtfully proportioned layouts across generous floor areas, with configurations designed to accommodate growing families and those seeking additional space for home offices or flexible living. The building includes higher-floor units that benefit from natural ventilation and bright, airy interiors—a considerable advantage in Singapore's tropical climate. Well-maintained finishes and intelligent spatial planning mean residents can move in with minimal renovation requirements, reducing both immediate outlay and disruption.

The three-bedroom configurations available within the development provide ample separation between living, sleeping, and work zones. This flexibility makes the units equally suited to established families, upgraders transitioning from smaller properties, and professionals who value breathing room. The 1,200-square-foot footprints typical of these units position them at a sweet spot in the mid-range HDB market, offering substantially more space than two-bedroom flats while remaining more manageable and cost-effective than five-bedroom options.

Location and Neighbourhood Character

Marine Parade is renowned for its mature residential character combined with exceptional accessibility. The estate benefits from decades of community development, resulting in well-established schools, medical facilities, and recreational spaces. East Coast Road and the surrounding precinct are dotted with acclaimed restaurants, hawker centres, and casual dining venues that reflect the area's cosmopolitan appeal. Beyond everyday convenience, residents enjoy proximity to East Coast Park, a sprawling waterfront recreation zone perfect for weekend activities, cycling, and outdoor entertainment.

The district's established infrastructure—from childcare centres to supermarkets to banking services—means minimal gaps in day-to-day necessities. This maturity in amenity provision supports strong rental demand and appeals to international relocating families, professionals on assignment, and local upgraders alike. Investors considering 62 Marine Drive benefit from this reliable tenant pool and consistent occupancy rates typical of the East Coast precinct.

Investment Considerations and Market Dynamics

From an investment perspective, 62 Marine Drive occupies a strategically important position within Singapore's HDB market. The Marine Parade estate has demonstrated resilient resale values over multiple property cycles, supported by sustained demand for East Coast locations. Units at this address enter a market where comparable transactions occur regularly, providing transparency on pricing trends and yield potential. The high-floor positioning of many units, combined with the area's mature character, appeals to upgrade buyers and investors targeting stable rental returns.

Buyers purchasing 62 Marine Drive as a second residential property should account for the Additional Buyer's Stamp Duty (ABSD), which currently stands at 20% of the purchase price for Singapore Citizens acquiring a second residential property. This tax obligation represents a significant consideration in the overall acquisition cost and should be factored into financing arrangements and investment projections. First-time HDB buyers, by contrast, benefit from exemption from this duty, making the development particularly attractive for those entering the homeownership market.

Financing and Affordability

The pricing structure at 62 Marine Drive aligns with typical mid-range HDB values in established East Coast locations. Most units fall within mortgage financing accessibility for middle to upper-middle-income households, with major banks offering competitive rates for HDB properties in prime locations. The Debt-to-Service Ratio (TDSR) framework limits borrowing to 55% of gross household income, meaning purchasers with combined household earnings of around S$150,000 annually would qualify for financing on units at the typical price points found at this development.

First-time buyers benefit from the HDB's concessional interest rates (currently around 2.6% per annum), reducing monthly servicing costs compared to bank mortgages. Upgraders with existing HDB equity can leverage sale proceeds from their current property to reduce the ABSD impact and financing requirement at 62 Marine Drive. Financial advisers typically recommend stress-testing mortgages at rates 1.5 to 2 percentage points above current levels to ensure household capacity to service debt through potential interest-rate cycles.

Resale Value and Long-Term Outlook

Marine Parade's position as an established, mature estate insulates it from many supply-side shocks that affect newer developments. The estate's fixed supply of HDB flats, combined with strong underlying demand from multiple buyer cohorts, creates a favourably balanced market. HDB leasehold properties at 62 Marine Drive typically operate on 99-year tenures, meaning lease decay becomes a meaningful consideration only in the final decades before expiry—presently a distant concern for units in this location.

Resale velocity in Marine Parade remains robust, with average time-on-market typically ranging from 2 to 4 months for competitively priced units. This liquidity is a considerable advantage for investors or owner-occupiers who may need to exit within shorter timeframes. The locality's resilience across different economic cycles, combined with sustained immigration and family formation demand, supports a constructive medium-to-long-term outlook for capital preservation and modest appreciation.

Comparative Position Within the East Coast Market

Relative to other developments in the East Coast precinct, 62 Marine Drive occupies a distinctive niche. The development's direct proximity to an MRT station—a 440-metre stroll—distinguishes it from several competing properties located 10 to 15 minutes away on foot. Similarly, the mature estate character provides a different lifestyle proposition compared to newer Build-to-Order (BTO) projects in outlying areas, which may offer marginally lower entry prices but lack established amenity infrastructure and face longer commutes to central employment zones.

For upgraders moving from Clementi, Tiong Bahru, or other central-east locations, 62 Marine Drive offers meaningfully expanded space at comparable price points whilst maintaining superior transport connectivity. For investors assessing yield opportunities across the HDB market, the East Coast's rental demand profile—driven by expatriate relocation, young professional couples, and lease-back arrangements—represents an attraction relative to newer peripheral estates with less-established tenant markets.

Future District Outlook and Policy Considerations

Singapore's long-term planning framework envisions Marine Parade as a continued residential stronghold within the East region. The Urban Redevelopment Authority's (URA) planning guidelines protect existing HDB estates from wholesale redevelopment, ensuring 62 Marine Drive's relevance as a stable residential asset class. Infrastructure upgrades—including potential future enhancements to the East-West Line and the broader island-wide transport network—are likely to reinforce connectivity advantages for properties at this location.

The broader HDB market continues to reflect strong underlying demand supported by population growth, family formation, and the cohort of first-time buyers entering the homeownership market annually. Interest from international buyers, whilst constrained by regulations limiting non-citizen purchases to executive condominiums and other property classes, does manifest indirectly through tenant demand for rental units. This supply-constrained dynamic supports long-term resilience for established HDB locations like Marine Parade, where investment-grade units attract domestic capital seeking stable, inflation-hedged returns.

62 Marine Drive exemplifies the enduring appeal of established East Coast HDB properties: spacious, well-located, affordably financed, and embedded within a mature estate with proven demand fundamentals. Whether approached as a primary residence, an upgrade, or an investment vehicle, the development merits serious consideration within any comprehensive property search across Singapore's HDB market.

Frequently Asked Questions

What is the estimated rental yield for units at 62 Marine Drive if purchased as an investment?

Units at 62 Marine Drive typically achieve gross rental yields in the range of 3.5% to 4.5%, calculated on prevailing market rents for comparable three-bedroom HDB flats in Marine Parade. This yield profile reflects the development's appeal to expatriate tenants, young professional couples, and lease-back buyers seeking East Coast locations with superior MRT connectivity. Actual yields vary based on unit condition, floor level, and individual lease terms, but Marine Parade's established rental market—supported by consistent demand from relocating families and business professionals—underpins reliable income generation relative to HDB stock across outer ring locations. Investors should account for ongoing HDB maintenance fees (typically S$50 to S$80 per month), property tax, and the compounding effect of ABSD (20% for second-property purchases by Singapore Citizens) when stress-testing investment returns over a 5 to 10-year holding horizon.

How does 62 Marine Drive's per-square-foot pricing compare to recent HDB sales in the Marine Parade area?

Recent transactions for three-bedroom HDB flats in Marine Parade have ranged from approximately S$3,500 to S$4,500 per square foot, depending on floor level, unit condition, and exact proximity to MRT infrastructure. Units at 62 Marine Drive, given the development's location within 440 metres of Marine Parade MRT station, tend to price towards the upper end of this range—typically S$4,000 to S$4,500 psf—reflecting the substantial premium command by high-accessibility locations. Properties in Marine Parade that are 10 to 15 minutes' walk from the nearest MRT station generally trade at 10% to 15% discounts relative to those directly proximate to transit, illustrating the significant value contribution of the TE26 connection. First-time buyers and upgraders should benchmark against comparable listings across East Coast Road, Amber Road, and the inner Marine Parade precinct to validate pricing alignment within current market conditions.

What is the ABSD impact for a Singapore Citizen buying a second residential property at 62 Marine Drive?

Singapore Citizens purchasing a second residential property (whether HDB or condominium) currently incur Additional Buyer's Stamp Duty (ABSD) of 20% on the purchase price. For a typical unit at 62 Marine Drive priced at S$850,000, this translates to an additional ABSD liability of S$170,000 payable at the point of purchase, materially increasing the total acquisition cost beyond the base price. This duty must be reserved for in the financing structure and cannot be rolled into the mortgage, requiring upfront cash or a separate loan arrangement. Upgraders selling a previous HDB or property may offset ABSD liability through the Seller's Stamp Duty (SSD) exemption if the previous property is sold within the same transaction window, though this requires careful timing coordination with legal counsel. First-time HDB buyers remain entirely exempt from ABSD, making 62 Marine Drive substantially more cost-effective for this cohort relative to second-property purchasers navigating the full 20% duty framework.

What is the lease decay risk for 62 Marine Drive units, and how does it affect resale value?

Units at 62 Marine Drive operate on 99-year HDB leasehold tenures, standard across most public housing stock. At the time of this writing, leases typically commenced in the 1980s, meaning units presently hold leases of approximately 50 to 60 years remaining—a substantial runway before decay becomes a material concern. Lease decay begins to impact resale values and financing accessibility when the unexpired lease falls below 30 years, at which point banks tighten LTV ratios and buyers apply steeper risk discounts. For 62 Marine Drive, this threshold is unlikely to become relevant for 20+ years, making lease tenure a non-material factor in near-to-medium-term investment decisions. The HDB's lease renewal programme allows leaseholders to extend tenures to a fresh 99 years upon reaching age 61, though this incurs meaningful costs (historically ranging from S$100,000 to S$300,000+ depending on valuation). Purchasers should prioritise lease remaining tenure during their 15 to 30-year ownership horizon but need not view current lease durations as a resale impediment.

How does proximity to Marine Parade MRT station (TE26) drive demand and capital appreciation for 62 Marine Drive?

The five-minute walk to Marine Parade MRT station represents a substantial competitive advantage, as properties within 400 to 500 metres of major transit nodes consistently command 10% to 20% premiums relative to comparable units located 10 to 15 minutes away on foot. The East-West Line's connection to Changi Airport, the city centre, and western regions makes Marine Parade MRT a high-utility station for both daily commuters and occasional business travellers, supporting sustained demand across multiple buyer cohorts. Historical price appreciation data for HDB flats within 500 metres of MRT stations shows outperformance by 1.5% to 2.5% annually over longer cycles, reflecting the structural value of accessibility in a land-constrained island economy. Future transport-infrastructure upgrades—including potential line extensions or frequency improvements—further entrench the value proposition of MRT-proximate locations like 62 Marine Drive, making the development likely to benefit disproportionately from any such enhancements. Investors prioritising long-term capital appreciation should weight MRT proximity heavily in their site-selection criteria, as it represents one of the most durable value drivers in the Singapore HDB market.

Which buyer profiles are best suited to 62 Marine Drive—upgraders, first-timers, investors, or high-net-worth individuals?

62 Marine Drive appeals strongly to upgraders transitioning from two-bedroom HDB flats or smaller condominiums, as the three-bedroom layout offers meaningful space expansion whilst maintaining affordability relative to private-sector housing at comparable locations. First-time HDB buyers benefit significantly from ABSD exemption and the development's mature estate character, which typically feature lower management complexity and more established community infrastructure than newer Build-to-Order estates. Property investors targeting yield generation find the Marine Parade precinct attractive due to reliable tenant demand and rental velocity, positioning the development as a sensible core holding for those building portfolios across Singapore's HDB market. High-net-worth individuals may find the development less compelling relative to bespoke condominium or landed-property options in premium locations, though some HNW buyers do acquire HDB units as rental investments or hold strategic properties in every district for diversification. Young professional couples seeking dual-income stability, proximity to employment, and weekend lifestyle amenities often view Marine Parade locations as ideal entry points into homeownership, making 62 Marine Drive particularly well-suited to this demographic.

What financing headroom and TDSR implications should buyers model at typical 62 Marine Drive price points?

Units at 62 Marine Drive typically price in the S$800,000 to S$950,000 range, requiring mortgages of approximately S$480,000 to S$570,000 under a 60% loan-to-value scenario (assuming 40% downpayment). At current HDB concessional rates (around 2.6% per annum), monthly mortgage servicing on a S$500,000 loan approximates S$1,950 to S$2,050 over a 25-year tenure, falling within the Debt-to-Service Ratio (TDSR) limits for households with combined gross incomes above approximately S$150,000. First-time buyers can utilise Central Provident Fund (CPF) funds for both downpayment and monthly servicing, effectively reducing cash outflow compared to private-property financing. Upgraders should stress-test affordability at 4.5% interest rates (roughly 1.9 percentage points above current HDB concessional rates) to ensure household capacity to service debt through potential economic cycles; at this stress rate, monthly servicing rises to approximately S$2,650, requiring household incomes above S$180,000 to remain comfortably within TDSR guidelines. Additional considerations include property tax (approximately S$550 to S$650 annually), HDB maintenance charges (S$50 to S$80 per month), and annual insurance costs (typically S$400 to S$600), collectively adding S$100 to S$150 monthly to the true cost of ownership.

How do nearby competing HDB developments compare to 62 Marine Drive in terms of value proposition and location?

Marine Parade estate encompasses multiple developments spanning different vintages and distance bands from the MRT station. Developments immediately adjacent to Marine Parade MRT, such as those fronting Marine Crescent and Marine Terrace, trade at comparable or marginally elevated prices to 62 Marine Drive, reflecting the premium for true station-gate proximity. Conversely, properties located further along Marine Parade Road (1.0 to 1.5 kilometres distant) typically trade at 8% to 12% discounts, pricing in the longer 12-to-18-minute walk times and reduced transit convenience. Neighbouring estates like Siglap, whilst offering similar vintage and space profiles, often price more competitively but lack the established MRT connectivity, making them less attractive for commuters prioritising speed and convenience. Compared to Build-to-Order (BTO) projects in developing precincts such as Pasir Ris, Tampines, or Punggol, 62 Marine Drive commands a premium reflecting maturity, amenity density, and transport infrastructure; however, BTO units typically offer lower absolute entry prices and newer finishes, appealing to budget-conscious first-time buyers willing to sacrifice location for capital savings. Investors comparing 62 Marine Drive to rental-focused HDB stock in outer ring locations should model the yield premium of East Coast units (typically 0.5% to 1.0% higher) as offsetting the higher absolute capital requirement and ABSD liability.

Which unit stacks and floor levels at 62 Marine Drive offer the best value and appeal for different buyer cohorts?

Lower-floor units (blocks 1-3) at 62 Marine Drive typically trade at 5% to 10% discounts relative to higher floors, reflecting buyer preferences for natural light, breeze, and views in Singapore's humid climate; however, budget-conscious upgraders and landlords targeting yield often find lower-floor units attractive due to the price reduction and comparably stable rental demand. Mid-floor units (blocks 4-8) represent the market's pricing sweet spot, balancing natural amenities with affordability, and typically exhibit the strongest resale velocity and tenant interest. High-floor units (blocks 9 and above) command premiums of 10% to 20%, appealing to owner-occupiers prioritising lifestyle and natural environment but often proving less accretive to investment returns given the price premium versus rental upside. Corner units and those with cross-ventilation or additional windows trade at smaller premiums (2% to 4%) reflecting marginally improved natural environment and can represent good value for buyers seeking lifestyle enhancement without the full high-floor premium. Agents familiar with the development can identify specific unit stacks with superior sightlines, natural ventilation, or lower noise exposure, allowing informed buyers to extract value through careful unit selection within their target price band.

What is the future housing supply pipeline in Marine Parade and the broader East region, and how might it affect 62 Marine Drive?

Marine Parade is a mature HDB estate with a fixed supply of existing flats; the Urban Redevelopment Authority's planning framework protects established precincts from wholesale redevelopment, meaning limited new supply is anticipated within the estate boundary. Conversely, newer Build-to-Order (BTO) developments in adjacent districts such as Pasir Ris, Tampines, and the newly-launched Changi and Paya Lebar precincts will introduce competing supply for first-time buyers seeking East-region properties, potentially exerting downward pricing pressure on older estates. However, this supply diffusion is likely to benefit mid-market established locations like Marine Parade by filtering down first-time buyers (who absorb BTO units) whilst retaining upgraders and investors—cohorts with greater purchasing power and fewer substitute options. National population growth projections and ongoing immigration suggest sustained underlying demand for East Coast living, supporting continued relevance for accessible HDB flats proximate to MRT infrastructure. The broader 10-year pipeline includes limited HDB new towns in the North-East (Sungei Serangoon) and future BTO phases in developing precincts, none of which directly substitute for established East-region accessibility, making 62 Marine Drive well-positioned to retain structural demand from upgraders and investors seeking proven, mature residential environments.

Hdb Flat At Marine Drive — From S$900