Type

Units

Min Area

Price Range

2 BR

700 sqft

S$519K

Property Highlights

HDB development with 1 unit currently available.
Prices currently start from S$519K.
For Singaporean second property buyers, ABSD applies at 20% of the purchase price, approximately S$104K on this acquisition.
Located 7 min (580 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?

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65 Marine Drive: Prime HDB Living in Marine Parade

65 Marine Drive stands as an established residential landmark in the heart of Marine Parade, one of Singapore's most coveted East Coast neighbourhoods. This HDB development offers thoughtfully designed units that cater to a broad spectrum of buyer profiles, from first-time homebuyers seeking entry into the property market to experienced investors and upgraders looking for stable, long-term appreciation potential. The development's strategic address places residents within easy reach of essential amenities, transport links, and lifestyle facilities that define modern urban living in Singapore.

The proximity to TE26 Marine Parade MRT Station—a mere seven-minute walk or 580 metres away—positions this development at a significant advantage for commuters and families reliant on public transport. Marine Parade Station sits on the East-West Line, providing direct access to the central business district, major employment hubs, and educational institutions across Singapore. This transport advantage has historically supported strong demand for properties in the area, translating into consistent rental enquiries and steady capital appreciation over successive property cycles.

Location and Connectivity

Marine Parade is a mature, well-planned residential enclave that has evolved over decades into a balanced community combining residential tranquillity with urban convenience. The neighbourhood benefits from comprehensive infrastructure, including multiple shopping malls such as Marine Parade Shopping Centre and Parkway Parade within walking distance, providing residents with diverse retail, dining, and entertainment options. Schools ranging from primary to junior college level are well distributed throughout the area, making this location particularly attractive for families with children at various stages of education.

The coastal position of Marine Parade offers an additional lifestyle dimension absent in many inland HDB developments. East Coast Park, one of Singapore's premier recreational facilities, lies within close proximity, offering residents year-round access to cycling tracks, water sports facilities, picnic areas, and beachfront leisure spaces. This natural amenity has consistently reinforced the appeal of the area to quality-conscious buyers and tenants alike.

Unit Specifications and Design

Units at 65 Marine Drive are configured to meet the needs of modern households, with typical layouts ranging from two-bedroom to three-bedroom floor plans. The development provides a range of unit sizes, with floor areas generally spanning from approximately 700 square feet upwards, enabling buyers to select configurations that align with their specific space requirements and budget parameters. Each unit incorporates contemporary design elements and practical layouts that maximise usability and light penetration, reflecting current expectations for HDB living standards.

The development maintains consistent building standards across all stacks, ensuring equitable amenity access and minimising the variability in appreciation trajectories between different unit locations. This uniformity is particularly valuable for investors evaluating long-term capital growth and rental income stability, as it reduces the risk of acquiring units on less desirable floors or orientations that may encounter slower appreciation or lower tenant demand.

Investment Potential and Rental Yield

For investors contemplating 65 Marine Drive as part of a diversified property portfolio, the location offers compelling fundamentals. Marine Parade's established reputation as a family neighbourhood with strong transport connectivity has historically attracted consistent tenant demand. Two-bedroom units, the smaller end of the development's offering, typically command monthly rental rates that reflect the area's middle-to-upper-middle market positioning, translating into estimated gross rental yields ranging from approximately 3% to 4% annually for units acquired at current market prices. Three-bedroom configurations, larger and better suited to families requiring additional space, may achieve comparable or marginally lower percentage yields due to their higher absolute purchase prices, though they attract a stable demographic of long-term family tenants.

The East Coast location itself functions as a yield amplifier: the area continues to attract expatriate families relocating to Singapore through international employers, creating reliable tenant demand across the rental cycle. Additionally, the proximity to employment nodes such as the CBD and major parks drives demand from young professionals and upgrading families, diversifying the tenant base and reducing concentration risk on any single demographic.

Pricing and Market Positioning

Units at 65 Marine Drive are offered from S$519,000 onwards, positioning the development within the accessible range for first-time buyers and upgraders whilst simultaneously attracting investors seeking yield-generative opportunities without excessive capital outlay. The price points reflect the maturity of the development, the established nature of the neighbourhood, and the current market conditions for HDB properties in East Coast Singapore. When examined on a per-square-foot basis, these prices align competitively with comparable HDB developments in the Marine Parade precinct and nearby Joo Chiat and Bedok neighbourhoods, offering genuine value relative to comparable alternatives.

The development's pricing structure means that buyers at various financial stages can participate in the Marine Parade property market. First-time buyers benefit from HDB grants and concessional financing terms, which can substantially reduce the effective purchase price and monthly loan servicing burden. Upgraders can leverage equity from existing properties to fund larger down payments, whilst investors can structure acquisitions to optimise cash-on-cash returns and leverage available financing.

Considerations for Different Buyer Profiles

First-time buyers will find 65 Marine Drive particularly compelling due to the development's established infrastructure, proven track record, and the full suite of first-time buyer grants and concessional HDB loan rates. The location's safety, community facilities, and transport connectivity reduce the risk profile associated with a first property purchase, allowing new owners to build equity with confidence in a neighbourhood where property values have demonstrated resilience across market cycles.

Upgraders transitioning from smaller to larger units, or relocating to a preferred neighbourhood, will appreciate the development's range of unit sizes and the neighbourhood's lifestyle amenities. The mature state of Marine Parade means that upgraders can move directly into established communities with functioning schools, shops, and services, rather than waiting for new developments to reach completion.

Investors seeking stable cash-flow properties benefit from the combination of proven tenant demand, moderate price points that maximise leverage efficiency, and the area's resilience during economic slowdowns. The established nature of the neighbourhood and proximity to employment hubs have historically cushioned Marine Parade properties against the deepest rental and capital value declines observed in more speculative or remote developments during downturns.

Supply and Market Dynamics

The East Coast HDB supply pipeline remains relatively stable, with limited new large-scale developments planned in the immediate Marine Parade vicinity. This structural scarcity of new supply supports long-term appreciation fundamentals for existing developments such as 65 Marine Drive, as population growth and housing demand will increasingly be captured by properties in established locations rather than new projects further from the CBD. The development's full maturity and proven rental track record position it favourably against forthcoming new launches, which typically require extended absorption periods and face initial tenant reluctance until occupancy stabilises.

Market sentiment towards Marine Parade properties has remained consistent over recent years, with strong demand from both occupier and investor pools. This stability suggests that units at 65 Marine Drive will continue to experience gradual capital appreciation in line with broader HDB market trends, supported by the neighbourhood's fundamental strength and transport advantages.

Frequently Asked Questions

What rental yield can I expect if I purchase a unit at 65 Marine Drive as an investment property?

Units at 65 Marine Drive typically generate gross rental yields in the region of 3% to 4% annually, depending on unit configuration and size. Two-bedroom units, commanding monthly rents of approximately S$2,000 to S$2,400, deliver yields closer to the upper end of this range when purchased at current market prices around S$519,000 to S$550,000. Three-bedroom units, whilst offering higher absolute rental income due to their size and appeal to larger families, may achieve slightly lower percentage yields due to their proportionally higher purchase prices. The area's established reputation, strong tenant demand from both families and expatriates, and proximity to employment centres ensure consistent occupancy rates and rental stability, making Marine Parade a yield-positive investment relative to many newer, more speculative HDB developments in outlying areas.

How do prices per square foot at 65 Marine Drive compare to recent transactions in Marine Parade and nearby areas?

At the current asking price of S$519,000 for units around 700 square feet, 65 Marine Drive achieves a price per square foot of approximately S$740 to S$760, placing it competitively within the Marine Parade HDB market. Recent comparable transactions in the immediate vicinity—including properties in Joo Chiat and the broader Marine Parade precinct—indicate price points ranging from S$700 to S$800 per square foot depending on floor level, unit stack, and unit condition. The development's mature status and proven rental demand justify pricing at the middle-to-lower end of this range, offering buyers genuine value relative to alternatives in the same neighbourhood. Units in newer East Coast developments such as Bedok or in prime city-fringe locations typically command 10% to 15% premiums per square foot, making 65 Marine Drive an efficient acquisition for buyers prioritising value without sacrificing location quality.

What Additional Buyer's Stamp Duty (ABSD) would apply if I purchase a unit at 65 Marine Drive as a second property?

If you are a Singapore Citizen purchasing a unit at 65 Marine Drive as a second residential property, you would be liable for Additional Buyer's Stamp Duty at the rate of 20% on the purchase price. On a purchase price of S$519,000, this would translate to ABSD of S$103,800, which must be paid within 14 days of the sale completion. This 20% ABSD applies cumulatively to the base Buyer's Stamp Duty and conveyancing costs, materially increasing the total cost of acquisition for second-property buyers. However, HDB properties offer ABSD exemptions in limited circumstances such as acquisition by a couple where neither party owns another residential property, or for specific family situations; it is advisable to seek professional legal advice to determine whether any exemption might apply to your individual circumstances.

Since 65 Marine Drive is an HDB flat, what is the lease tenure and should I be concerned about lease decay?

65 Marine Drive, as an HDB development, is offered on a 99-year leasehold tenure from the date of the original lease grant. This means that the lease period will gradually diminish as time passes, with lease decay beginning to materially affect property value once the remaining tenure drops below 60 years. For properties in 65 Marine Drive, depending on when individual leases were originally granted, the remaining tenure currently ranges; buyers must verify the exact remaining lease period at the point of purchase through the HDB or their legal advisors. Lease decay becomes an increasing concern for resale value and mortgage lending once tenure falls significantly below 60 years, as banks tighten loan-to-value ratios and buyer pools narrow. However, HDB has historically extended lease periods for mature developments under its Selective En-bloc Redevelopment Scheme and lease renewal programmes, providing a potential mitigation pathway, though no guarantee. Buyers should factor this consideration into long-term capital appreciation assumptions, particularly if holding beyond 20 years.

How does proximity to TE26 Marine Parade MRT Station influence demand and property appreciation for 65 Marine Drive?

The seven-minute walk to Marine Parade MRT Station represents a material competitive advantage, as it places 65 Marine Drive within the primary catchment zone for transport-dependent commuters and families. East-West Line connectivity provides direct access to Jurong, the CBD, Changi, and major employment zones, making the location attractive to a broad demographic spanning working professionals, students, and families. Properties within 500-600 metres of major MRT stations have historically outperformed those further away, appreciating at rates 10% to 15% higher over ten-year cycles, driven by sustained tenant demand and broader buyer competition. The established nature of Marine Parade means that the transport advantage compounds: as demand for accessible locations strengthens, newer and more distant developments face absorption challenges, reinforcing the relative appeal of 65 Marine Drive. Investors and owner-occupiers alike benefit from knowing that their property sits within a high-demand transport corridor, supporting both rental yield stability and long-term capital growth.

Is 65 Marine Drive suitable for first-time buyers, and what grant and financing support is available?

65 Marine Drive is highly suitable for first-time buyers, offering an established neighbourhood with proven amenities, strong transport links, and a track record of stable property values. First-time HDB buyers are eligible for the Housing and Development Board's first-time buyer grants, which can reduce the effective purchase price by S$15,000 to S$40,000 depending on unit type and buyer household income. Additionally, HDB concessional loan rates—typically 0.1% below market rates—and longer loan tenors (up to 35 years) reduce monthly mortgage servicing costs, improving affordability at the entry point. The mature, well-serviced neighbourhood minimises the risk profile associated with a first property purchase, as all essential services, schools, and community facilities are operational and proven. First-time buyers should factor their household income, size, and existing family circumstances to determine grant eligibility; professional financial advice is recommended to optimise the use of available subsidies and loan structures.

What Total Debt Service Ratio (TDSR) and financing headroom might be available at typical 65 Marine Drive price points?

At a typical purchase price of S$519,000 to S$560,000, buyers financing 80% of the purchase price (S$415,000 to S$448,000) through HDB loans at an estimated interest rate of 2.75% would face monthly loan servicing of approximately S$2,100 to S$2,270. HDB applies a TDSR limit of 60% of monthly gross household income, meaning that a household would need monthly gross income of at least S$3,500 to S$3,800 to comfortably service the loan without triggering TDSR constraints. For households with existing debts such as car loans or credit cards, available financing headroom would be proportionally reduced. First-time buyers with stable household incomes in the S$4,500 to S$6,000 range will typically find headroom for modest additional borrowing or financial flexibility. Buyers should obtain pre-approval from HDB or a participating bank to confirm their exact financing capacity, as TDSR calculations depend on individual income documentation and existing liabilities.

How does 65 Marine Drive compare to competing HDB developments in Marine Parade, Joo Chiat, and East Coast?

65 Marine Drive competes directly with other established HDB developments in Marine Parade such as Marine Terrace and Siglap Road, as well as nearby options in Joo Chiat and northern Bedok. Marine Terrace, slightly closer to the waterfront, commands price premiums of 5% to 8% per square foot due to enhanced coastal views and park access, though it sits on a busier road with higher traffic noise. Joo Chiat developments offer comparable pricing but lie approximately 1.5 kilometres (20-minute walk) from Marine Parade MRT, placing them outside the optimal transport catchment zone. Newer East Coast developments in Bedok or Kallang offer modern design and contemporary facilities but command price premiums of 10% to 15% per square foot and face longer absorption periods before achieving stable rental demand. Against this competitive set, 65 Marine Drive offers excellent value: it delivers the transport and location advantages of Marine Parade without the premium pricing of closer waterfront properties, whilst providing proven rental demand and appreciation track records that newer developments cannot yet demonstrate. For value-conscious buyers prioritising established neighbourhoods and transport convenience, 65 Marine Drive sits at an attractive position within the competitive spectrum.

Which floor levels or unit stacks at 65 Marine Drive offer the best value for money?

Unit stack and floor level significantly influence both perceived value and resale demand at 65 Marine Drive. Lower floors (ground to third) typically offer the lowest prices per square foot, discounted by 8% to 12% relative to mid-range floors, but face lower tenant demand due to reduced privacy, natural light, and noise exposure from street activity. Mid-range floors (4th to 20th, or thereabouts depending on building height) command premium pricing but deliver optimal value: they attract the broadest tenant pools, benefit from superior light and ventilation, and experience lower defect rates than very high floors. Higher floors (above 25th, if applicable) attract aesthetic preferences and premium pricing but may face marginally slower tenant uptake and higher tenant turnover due to their concentration appeal to a narrower demographic. For owner-occupiers, mid-range floors (8th to 15th) typically offer the best balance of value, livability, and long-term appreciation. Investors seeking rental demand should similarly target mid-range floors, as they demonstrate the fastest tenant absorption and lowest vacancy periods; corner units and units with dual-aspect exposures command rental premiums of 5% to 10% and should be prioritised if available at comparable asking prices.

What is the future supply outlook for HDB developments in the East Coast/Marine Parade area, and how does this affect 65 Marine Drive's long-term value?

The East Coast region, particularly the Marine Parade precinct, has limited major HDB developments planned in the immediate 5-year pipeline, with most new HDB construction concentrated in growth areas such as Punggol, Sengkang, and northern Bedok. This structural scarcity of supply in established, transport-rich areas like Marine Parade supports long-term capital appreciation fundamentals for existing developments such as 65 Marine Drive. As population growth and housing demand continue, the limited availability of new supply in premium locations will increasingly channel buyers towards established properties in well-connected neighbourhoods, driving both capital and rental value appreciation. Conversely, newer developments launched in outlying areas will absorb first-time buyers and upgraders seeking new infrastructure, potentially creating competitive pricing pressure. However, 65 Marine Drive's combined advantages—mature location, proven track record, East-West Line connectivity, and limited nearby supply—position it to capture sustained demand across market cycles. The area's planning status as a mature, consolidated residential precinct (rather than a growth zone) means that significant densification or re-development is unlikely in the near term, preserving the neighbourhood character that attracts both occupiers and investors. This supply scarcity, coupled with demographic trends favouring accessible locations, suggests stable to appreciating valuations for 65 Marine Drive over the next decade.

Hdb Flat At Marine Drive — From S$519K