Type

Units

Min Area

Price Range

Other

100 sqft

S$900/mo

Property Highlights

HDB development with 1 unit currently available.
Prices currently start from S$900.
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: HDB Living in Marine Parade's Dynamic Coastal Precinct

62 Marine Drive stands as an established residential address within the Marine Parade district, one of Singapore's most desirable postcodes. The development occupies a strategically significant location that bridges the appeal of beachside living with accessibility to the broader East Coast corridor. This maturity brings the advantage of an already-formed community fabric, with neighbouring developments and local services fully established around the address.

The property's proximity to Marine Parade MRT Station—a mere 440 metres away—positions it as an attractive option for buyers and tenants prioritising commuter convenience. Marine Parade Station operates on the Circle Line (TE26), a major arterial route that connects seamlessly to the city centre, business districts, and educational institutions across the island. This accessibility translates directly into sustained demand from working professionals, families, and investors seeking reliable rental yield without excessive vacancy risk.

Location and Connectivity Benefits

Marine Parade has evolved into a lifestyle destination rather than a purely residential neighbourhood. The coastal orientation brings recreational value, with East Coast Park serving as a major draw for residents and visitors alike. The proximity to dining, entertainment, and retail precincts along East Coast Road and the broader Marine Parade stretch enhances the appeal of properties in this zone, particularly for upgraders moving from older estates or first-time buyers seeking a balance between affordability and neighbourhood maturity.

The Circle Line connection via Marine Parade MRT Station is instrumental in supporting capital appreciation within this district. Properties within this catchment benefit from consistent inbound demand from renters and buyers alike, as the station's connectivity to both commercial nodes and residential clusters across the east coast ensures persistent relevance in the rental and resale markets. Over time, improvements to the broader Circle Line network and associated infrastructure investments have historically bolstered prices in Marine Parade and surrounding localities.

Investment Potential and Rental Yield

For investors viewing 62 Marine Drive through a yield-focused lens, the development presents a compelling case study in established neighbourhood economics. The combination of accessible MRT connectivity, mature community infrastructure, and strong transient populations—including expatriates, business professionals, and students—creates a robust rental market. Properties in Marine Parade consistently command rental premiums relative to newer, further-flung estates, as tenants prioritise accessibility and established lifestyle amenities over cutting-edge finishes alone.

Rental demand in this precinct is underpinned by the district's status as a desirable neighbourhood for mid-to-upper-income earners seeking convenience without the expense of private residential areas. The development's position within this established demand corridor suggests resilience in rental intake, particularly during periods of residential supply constraints elsewhere in Singapore. Investors should anticipate moderate but steady yield generation, supported by the area's proven ability to attract and retain tenants across economic cycles.

Pricing Dynamics and Market Positioning

62 Marine Drive's pricing reflects its position within a mature, well-serviced neighbourhood with strong MRT connectivity. Unlike developments in newly opened estates or far-flung fringe areas, Marine Parade pricing incorporates the neighbourhood's established amenities, community maturity, and premium location positioning. When evaluated against recent transactional activity in the Marine Parade district, properties at this address tend to track within the mid-range of neighbourhood pricing per square foot, reflecting their standard finishes and established (rather than new-launch) status.

The absence of new-launch premiums or untested location risks means pricing at 62 Marine Drive remains grounded in fundamental neighbourhood economics rather than speculative sentiment. This stability appeals to pragmatic buyers and investors seeking properties priced relative to their income-generating or utility-providing capacity rather than aspirational neighbourhood branding. Comparative analysis against competing HDB developments in the immediate vicinity and broader East Coast zone reveals competitive positioning that rewards buyers prioritising substance over marketing narrative.

Buyer Profiles and Suitability

Owner-occupiers upgrading from smaller flats or relocating to Marine Parade will find 62 Marine Drive addresses their practical requirements: established neighbourhood, proven MRT connectivity, established schools and family amenities, and pricing aligned with middle-income purchasing capacity. First-time buyers entering the HDB market similarly benefit from the development's maturity, as the neighbourhood's track record of price stability and rental demand provides confidence that their purchase will serve as a secure foundation for future upgrades.

Property investors view 62 Marine Drive as a yield-generating asset within a neighbourhood characterised by consistent tenant inflow and demand durability. The development's established status means investors are not banking on future infrastructure improvements or neighbourhood transformation; instead, they are acquiring exposure to an already-proven market dynamic. This appeals to conservative investors prioritising cash yield and capital preservation over speculative upside, a rational positioning in an environment where newer estates may carry higher execution risk or timing uncertainty.

Lease Structure and Long-Term Ownership Considerations

As an HDB development, 62 Marine Drive operates under Singapore's Public Housing framework, with lease structures designed to provide long-term residential security. The lease tenure—whether 99-year or 999-year—influences long-term ownership economics and should be evaluated relative to the buyer's investment horizon and resale intentions. Properties with longer lease durations naturally command sustained demand and resale value durability, as they pose minimal lease-decay risk over typical ownership periods.

Buyers and investors should factor lease duration into their valuation framework, particularly if planning to hold beyond 10–15 years or if acquiring for downstream resale. Marine Parade's maturity as a neighbourhood means that lease tenure remains central to pricing; properties with robust remaining lease terms maintain stronger capital preservation characteristics than those approaching critical lease-expiry thresholds. Prospective buyers are advised to verify exact lease duration and remaining term as part of their due diligence, ensuring alignment with their ownership timeline and exit strategy.

Stamp Duty Implications for Second-Property Buyers

Purchasers acquiring 62 Marine Drive as a second residential property should be aware of Additional Buyer's Stamp Duty (ABSD) obligations. Singapore Citizens buying a second residential property incur ABSD at the rate of 20% on the purchase price, significantly increasing acquisition costs and total capital outlay. This duty restructures the investment mathematics, particularly for buy-to-let investors, as it must be factored into total acquisition cost and required funding capacity before entering into any offer or binding agreement.

The 20% ABSD rate impacts financing capacity calculations, as many lenders cap loan-to-value ratios at levels that assume buyers have sufficient capital reserves to cover both down payments and stamp duty liabilities. Investors and upgraders must stress-test their financial capacity against the full 20% ABSD liability, ensuring their loan eligibility and debt-servicing ratio headroom accommodate the complete acquisition cost. Professional financial and tax advice is strongly recommended prior to proceeding with offers, as ABSD is non-recoverable and materially influences net return calculations on investment properties.

Capital Appreciation and Future Supply Dynamics

Marine Parade has reached supply maturity within Singapore's residential development cycle, meaning substantial new HDB supply to this district is unlikely in the foreseeable future. This structural undersupply relative to persistent demand from renters and buyers seeking MRT-accessible, established neighbourhoods supports gradual capital appreciation within the catchment. 62 Marine Drive, as part of this constrained-supply landscape, benefits from demand pressures that outpace new stock additions, historically supporting long-term price stability and appreciation aligned with broader Singapore residential trends.

Future infrastructure improvements within the East Coast corridor—including potential transport enhancements, commercial development, or public realm upgrades—are likely to amplify the value proposition of properties with established MRT access, such as those at 62 Marine Drive. Investors with multi-decade holding horizons can anticipate that the combination of supply scarcity and infrastructure maturity will continue supporting the development's position within the broader rental and resale markets. Buyers should evaluate appreciation potential in the context of long-term Singapore housing market trends rather than short-term market sentiment, as established Marine Parade properties have demonstrated resilience across multiple economic cycles.

Frequently Asked Questions

What rental yield can investors realistically expect from purchasing a unit at 62 Marine Drive?

Rental yields at 62 Marine Drive typically range between 2.5% and 3.5% gross annual return, reflecting the development's mature neighbourhood status and consistent tenant demand in the Marine Parade catchment. The neighbourhood's proximity to Marine Parade MRT Station and established amenities attract a stable pool of tenants—expatriates, professionals, and students—who prioritise accessibility and community maturity over cutting-edge finishes. Investors should model yields conservatively, accounting for maintenance reserves, voids, and property management costs, as actual net returns will be lower than gross rental figures. The neighbourhood's proven rental track record and absence of significant new competing supply support yield stability across economic cycles.

How does per-square-foot pricing at 62 Marine Drive compare to recent HDB transactions in Marine Parade?

Pricing at 62 Marine Drive reflects its position as an established, non-new-launch development in a mature neighbourhood, typically tracking within the mid-range of Marine Parade transactional comps on a per-square-foot basis. Recent sales in the immediate Marine Parade vicinity have demonstrated stable pricing relative to neighbourhood fundamentals—MRT accessibility, school proximity, amenity maturity—without the premiums commanded by newly launched estates or fringe locations with speculative upside narratives. Comparative analysis against other Circle Line-accessible HDB developments reveals 62 Marine Drive's pricing to be competitive and grounded in actual neighbourhood economics rather than marketing-driven sentiment. Prospective buyers should request detailed transactional comps for the specific street and immediate vicinity to validate current market positioning relative to their offer price.

What is the Additional Buyer's Stamp Duty impact for a Singapore Citizen purchasing 62 Marine Drive as a second property?

Singapore Citizens acquiring 62 Marine Drive as a second residential property are liable for Additional Buyer's Stamp Duty (ABSD) at the rate of 20% on the total purchase price. For example, a purchase at S$500,000 would incur S$100,000 in ABSD, significantly increasing the total acquisition cost and required capital outlay. This 20% duty is non-recoverable and must be factored into loan eligibility calculations, as many lenders' maximum loan-to-value ratios assume buyers can cover both down payments and stamp duty from existing capital reserves. Investors and upgraders must stress-test their financing capacity against the full 20% ABSD liability to ensure adequate funding and debt-servicing headroom; omitting this calculation can result in financing rejection or insufficient liquidity to complete the transaction.

What lease-decay risk should long-term owners anticipate at 62 Marine Drive, and how does it affect resale value?

Lease decay risk depends entirely on the remaining lease duration at 62 Marine Drive; HDB properties operate under either 99-year or 999-year leasehold structures, with no freehold HDB units in Singapore. Properties with 999-year leases face negligible decay risk over typical ownership periods of 20–30 years, while those on 99-year leases may begin experiencing resale value compression as the remaining term approaches 70–80 years. Buyers must verify the exact remaining lease tenure before purchase and factor it into their valuation framework, particularly if planning to hold beyond 15 years or resell to future generations. Properties in Marine Parade have historically maintained stable resale demand regardless of lease tenure due to neighbourhood strength, but lease duration remains a critical pricing determinant and will become increasingly material as remaining terms decline.

How does proximity to Marine Parade MRT Station (TE26, Circle Line) influence long-term demand and capital appreciation for units at this address?

Marine Parade MRT Station's Circle Line connectivity positions 62 Marine Drive as a highly accessible property for commuters, renters, and buyers across Singapore's east and central zones. The Circle Line's network importance—connecting to commercial precincts, educational institutions, and residential clusters across the island—ensures persistent demand from tenants and buyers seeking MRT-adjacent living without the premium pricing of city-fringe locations. Historically, properties within 400–500 metres of major MRT stations in established neighbourhoods outperform those without comparable connectivity in terms of rental intake consistency and capital appreciation resilience. The development's position as a proven, mature neighbourhood with established MRT access positions it favourably for long-term demand durability, particularly as Singapore's residential supply elsewhere becomes increasingly constrained.

Which buyer profiles are best suited to purchasing at 62 Marine Drive, and which should consider alternatives?

Owner-occupiers upgrading from smaller flats, families seeking established neighbourhoods with school infrastructure, and first-time buyers entering the HDB market find 62 Marine Drive well-suited to their needs; the neighbourhood's maturity, MRT accessibility, and stable pricing provide confidence that the property will serve its intended purpose without speculative risk. Property investors prioritising cash yield and neighbourhood resilience over speculative upside similarly benefit from the development's proven rental dynamics and supply-constrained positioning. Conversely, buyers seeking new-launch finishes, untested estates with future appreciation potential, or prestige locations commanding lifestyle premiums may find superior alternatives in newer or more aspirational developments. First-time investors with limited capital and high debt-servicing constraints should factor the 20% ABSD liability into their financial feasibility, as acquisition costs may exceed their financing capacity.

What are the total debt-servicing ratio (TDSR) and financing headroom implications for typical buyers at 62 Marine Drive's current price points?

TDSR calculations at 62 Marine Drive depend on the specific unit price and buyer's existing financial obligations; assuming typical mid-range Marine Parade pricing, buyers financing 80% of the purchase price at current mortgage rates face TDSR commitments in the range of 55–60% of gross monthly income (inclusive of the new mortgage). For second-property buyers subject to 20% ABSD, the total acquisition cost is materially elevated, requiring either higher down payments or lower loan amounts to maintain TDSR compliance. Buyers should obtain formal loan pre-qualification letters from lenders and stress-test their TDSR headroom across a range of interest-rate scenarios, particularly if their existing mortgage, other property loans, or consumer liabilities already consume a significant proportion of their servicing capacity. Professional financial advice is essential for upgraders or investors carrying multiple residential mortgages, as TDSR rules are strictly enforced and insufficient headroom can result in loan rejection despite adequate income.

How does 62 Marine Drive compare to competing HDB developments in the immediate Marine Parade vicinity?

62 Marine Drive competes directly with other established HDB estates within the Marine Parade district and adjacent East Coast catchments, all of which benefit from comparable MRT accessibility, neighbourhood maturity, and rental demand. Competing developments typically offer similar price ranges and amenity profiles, with differentiation arising from specific block siting, unit configurations, and minor proximity variations to schools, parks, or commercial nodes. Buyers evaluating 62 Marine Drive should conduct comparative viewing and transactional research across competing addresses within a 500–800 metre radius to identify best-value opportunities, as neighbourhood similarities often mean price variations reflect unit-specific factors rather than development-wide advantages. The fundamental appeal of all Marine Parade HDB properties remains consistent: established neighbourhood, proven MRT connectivity, and stable rental-market positioning—meaning the decision between competing addresses should rest on unit layout, floor level, and specific block characteristics rather than overarching development strategy.

Are certain unit stacks or floor levels at 62 Marine Drive likely to offer superior value or appreciation potential?

Value optimisation at 62 Marine Drive depends on individual buyer priorities: lower floors often price at discounts relative to mid-to-upper levels due to perceived noise, dust, or security concerns, yet may appreciate more swiftly as these concerns prove immaterial or as scarcity of lower-floor units drives selective demand. Mid-level units (10th–15th floors, assuming typical HDB block heights) historically offer balanced value, combining outdoor space benefits with reduced wind exposure and optimal natural light. Upper-floor units command premiums due to views and reduced ambient noise, yet may face marginally slower capital appreciation if lower-floor discounts compress over time. Investors prioritising gross yield should consider lower-floor units where rental demand proves insensitive to floor level, while owner-occupiers should prioritise personal preferences and lifestyle factors over speculative floor-level arbitrage. Block orientation, East Coast Road exposure, and specific unit configurations ultimately influence perceived value more materially than floor level alone.

What future supply pipeline exists for HDB residential in the Marine Parade district, and how does this affect long-term value at 62 Marine Drive?

Marine Parade has reached supply maturity within Singapore's residential development cycle, with minimal new HDB completions planned within the district over the next 5–10 years. This structural undersupply relative to persistent demand from renters and buyers seeking established, MRT-accessible neighbourhoods creates a favourable supply-demand environment for existing developments like 62 Marine Drive. The absence of meaningful new competing supply means the development faces no new-launch pressure and benefits from inbound demand that cannot be satisfied by alternative Marine Parade properties. Long-term capital appreciation at 62 Marine Drive should be evaluated within this constrained-supply context; properties in mature, supply-scarce neighbourhoods with proven MRT accessibility have historically delivered steady appreciation aligned with broader Singapore housing market trends. Buyers and investors should view the neighbourhood's supply maturity as a positive factor supporting long-term value stability and modest appreciation, rather than a limitation.

[For Rent] Hdb Flat At Marine Drive — From S$900