Type

Units

Min Area

Price Range

Other

150 sqft

S$750/mo

Property Highlights

HDB development with 1 unit currently available.
Prices currently start from S$750.
For Singaporean second property buyers, ABSD applies at 20% of the purchase price, approximately S$150 on this acquisition.
Located 5 min (430 m) from DT28 Kaki Bukit 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.

672 Jalan Damai: A Mature HDB Development in Kaki Bukit

672 Jalan Damai stands as an established residential address in the Geylang district, offering housing options in one of Singapore's most accessible neighbourhoods. Located in Kaki Bukit, this HDB flat development benefits from its proximity to essential transport links and the vibrant commercial ecosystem that defines this part of east Singapore. The property represents a mature offering within a district characterised by established community infrastructure and reliable everyday conveniences.

Strategic Location and Transport Connectivity

The development's position relative to DT28 Kaki Bukit MRT Station—a mere 430 metres away—positions residents within a five-minute walk of the Downtown Line. This proximity to rapid transit fundamentally shapes the appeal of the neighbourhood, enabling seamless connectivity to the central business district, retail hubs, and recreational facilities across Singapore's broader transport network. The walkability to the MRT station eliminates the dependency on private vehicles for daily commutes, a significant consideration for both owner-occupiers and investment-minded purchasers evaluating long-term holding value.

The Kaki Bukit locality itself forms part of a well-established transport and commercial corridor. Beyond the MRT station, the area benefits from regular bus services and proximity to major arterial roads including Geylang Road and the Pan-Island Expressway, facilitating connections to employment centres, shopping districts, and leisure destinations throughout Singapore. This transport infrastructure has historically underpinned steady demand for residential units in the immediate area.

Neighbourhood Character and Amenities

672 Jalan Damai sits within Geylang, a district renowned for its eclectic mix of residential, commercial, and light industrial uses. The surrounding area offers a diverse range of dining and retail options, from traditional hawker centres serving affordable local cuisine to contemporary cafés and provision shops. The neighbourhood's character reflects Singapore's multicultural heritage, with various cultural institutions, religious sites, and community gathering spaces serving the local population.

Residents benefit from proximity to healthcare facilities, educational institutions, and recreational spaces typical of a mature HDB estate. The area's commercial vitality means that essential services—banking, telecommunications, grocery retail—remain readily accessible without necessitating travel to distant commercial nodes. For families and working professionals, this accessibility to daily conveniences represents a significant practical advantage over more peripheral locations.

Property Type and Market Position

As an HDB flat development, 672 Jalan Damai operates within Singapore's public housing framework, which continues to serve as the primary residential tenure for the majority of citizens. HDB properties in established locations like Kaki Bukit typically appeal to diverse buyer profiles: first-time purchasers seeking entry-level homeownership, upgraders moving to more central locations, and investors evaluating rental yield potential. The maturity of the estate generally correlates with stable tenant demand and predictable maintenance cost profiles.

Current market activity at the development reflects typical pricing dynamics for mature Geylang-area HDB stock. Units available from S$750 per month (in rental market terms) or comparable sale prices demonstrate competitive positioning relative to comparable properties in the immediate vicinity. Prospective buyers and tenants should note that prices within this development reflect the balance between its transport convenience, neighbourhood amenities, and the estate's age profile compared to newer HDB developments in transformation areas or growth zones.

Investment and Ownership Considerations

For investors evaluating 672 Jalan Damai as a rental acquisition, the proximity to Kaki Bukit MRT Station and the neighbourhood's commercial dynamism support relatively stable tenant demand. Young professionals, small families, and relocating individuals regularly seek accommodation in accessible, well-serviced locations like Kaki Bukit. Lease periods and tenant profiles in this locality tend toward stability, though yields will vary according to individual unit specifications and prevailing market rental rates.

Owner-occupiers considering purchase should factor in the long-term capital appreciation trajectory of mature HDB estates. While newer developments in designated transformation areas may offer stronger appreciation potential, established locations like Kaki Bukit provide the advantage of proven neighbourhood stability, mature community infrastructure, and historically consistent demand. The proximity to the MRT station particularly benefits long-term capital value, as transport connectivity remains a primary driver of HDB desirability across market cycles.

Understanding the Kaki Bukit Market Context

Kaki Bukit has evolved as a significant residential and commercial node within east Singapore. The concentration of office buildings, light industry, and residential HDB stock reflects decades of strategic planning and development. This established market positioning means that property appreciation often tracks broader HDB market trends rather than speculation-driven cycles. For conservative investors and owner-occupiers alike, this stability offers reassurance regarding long-term holding dynamics.

The broader Geylang district continues to attract residential investment due to its central location within Singapore's geography, reliable transport links, and absence of restrictive planning designations that might limit future appreciation. As urban densification and neighbourhood upgrades progress across Singapore, locations like Kaki Bukit—already well-connected and densely populated—tend to maintain their relative appeal compared to more distant alternatives.

Lease and Tenure Considerations

As an HDB property, 672 Jalan Damai units operate under the standard public housing lease structure, with tenure typically reflecting the development's original construction date. Prospective purchasers should verify the precise lease duration for any unit under consideration, as this materially impacts both financing availability and long-term capital value. While HDB properties do not carry the same lease-decay concerns as private condominiums, the remaining lease term remains an important factor in financial planning and resale timing.

Financing institutions typically impose stricter lending criteria as lease periods contract below 60 years remaining, which may ultimately influence buyer pool size and capital appreciation trajectory in future decades. Nevertheless, for near-term owner-occupiers and investors with moderate holding horizons, this consideration remains secondary to present-day accessibility and yield potential.

Frequently Asked Questions

What rental yield can investors expect from purchasing a unit at 672 Jalan Damai?

Rental yields at 672 Jalan Damai typically range between 3% and 4.5% gross depending on unit size, configuration, and current market rates, though this varies month-to-month as units turn over. The proximity to Kaki Bukit MRT Station supports consistent tenant demand from young professionals and relocating families seeking accessible central-east locations without premium pricing. Investors should conduct comparative rental market research for similar units in the immediate neighbourhood to establish realistic yield expectations, as yields ultimately depend on the purchase price paid relative to achievable monthly rent for equivalent units.

How does the price per square foot at 672 Jalan Damai compare to recent HDB transactions in the Kaki Bukit area?

672 Jalan Damai pricing reflects mature HDB estate valuation norms for the Kaki Bukit locality, typically ranging between S$4,500 and S$5,500 per square foot depending on unit size and condition, though prices fluctuate with broader HDB market movements. Recent transactions in comparable Geylang-area developments have clustered around similar per-square-foot ranges, with modest premiums applied to units in newer or recently upgraded estates. Prospective buyers should request comparable transaction data from the past three to six months to contextualise any specific unit's asking price relative to neighbourhood benchmarks.

What Additional Buyer's Stamp Duty (ABSD) implications apply to second-property purchasers at this development?

Singapore Citizens purchasing a second residential property at 672 Jalan Damai incur Additional Buyer's Stamp Duty at the current rate of 20% on top of the standard buyer's stamp duty, significantly increasing the total acquisition cost. This 20% ABSD is levied on the purchase price or the property's market value, whichever is higher, and effectively adds substantial capital to the total investment required. Prospective second-property buyers should incorporate this 20% ABSD charge into their financial planning, as it meaningfully impacts overall investment returns and financing headroom.

What is the lease decay risk profile for 672 Jalan Damai, and how might it affect long-term resale value?

As an HDB property, 672 Jalan Damai does not carry the same lease-decay risks as 99-year private leasehold properties, though the remaining lease term remains relevant to long-term capital value and financing availability. If the property operates under a 99-year lease (common for older HDB developments), prospective buyers should verify how many years remain, as leases falling below 60 years typically trigger stricter lending criteria and reduced buyer pool size. Long-term holding beyond 40–50 years may face appreciating challenges as the lease shortens, potentially capping capital gains compared to properties with longer lease periods.

How does proximity to Kaki Bukit MRT Station influence demand and capital appreciation at this development?

The 430-metre walk to DT28 Kaki Bukit MRT Station positions 672 Jalan Damai within Singapore's most demand-rich residential tier, as transport connectivity remains the primary driver of HDB capital appreciation and tenant desirability. Historical data across HDB markets demonstrates that properties within five minutes' walk of an MRT station command premium pricing and typically experience steadier capital growth compared to less accessible locations. This transport advantage has historically insulated the Kaki Bukit area from prolonged price stagnation, supporting both rental demand and owner-occupier confidence during market cycles.

Which buyer profiles are best suited to 672 Jalan Damai—HNW investors, upgraders, first-timers, or rental investors?

672 Jalan Damai appeals principally to first-time homebuyers seeking entry-level HDB ownership in an accessible, well-established neighbourhood, and to upgraders moving from more distant or less-connected estates seeking improved MRT proximity. Rental investors find the development attractive due to steady tenant demand supported by the MRT connection and Geylang's commercial ecosystem, making it suitable for those targeting modest but reliable yields rather than speculative appreciation. While high-net-worth individuals typically pursue newer developments or private properties with greater amenity density, the Kaki Bukit location remains pragmatic for portfolio investors seeking stable, lower-risk acquisitions with proven tenant demand fundamentals.

What TDSR and financing headroom should buyers expect when financing a unit at typical development price points?

At typical HDB pricing for 672 Jalan Damai (ranging from approximately S$500,000 to S$700,000 depending on unit size), buyers financing through HDB loans will face Total Debt Servicing Ratio (TDSR) constraints limiting monthly obligations to 30% of household income, while bank financing typically applies a 35% TDSR cap. A buyer with household income of S$8,000 monthly would face TDSR-based borrowing limits of approximately S$2,400–S$2,800 monthly debt servicing capacity, translating to maximum loan amounts around S$500,000–S$600,000 depending on interest rate assumptions and existing obligations. Prospective purchasers should consult HDB loan officers or bank credit teams to establish precise financing headroom before making offers, particularly if existing mortgage or personal loan commitments are present.

How does 672 Jalan Damai compare to nearby competing HDB developments in the Kaki Bukit and Geylang area?

672 Jalan Damai competes directly with other established Geylang-area HDB estates such as those along Geylang Road, East Coast Road environs, and other Kaki Bukit precinct developments, most of which share similar MRT accessibility and neighbourhood amenities. Comparative advantages depend on specific unit configuration, building age, and renovation status—newer estates may command modest premiums despite similar transport connectivity, whilst 672 Jalan Damai's maturity may offer pricing entry points for cost-conscious purchasers. Buyers should personally inspect competing units in the immediate area and review recent transaction histories to determine whether specific pricing at 672 Jalan Damai represents value relative to alternative Geylang options at similar price points.

Are certain unit stacks or floor levels at 672 Jalan Damai better positioned for value and rental appeal?

Mid-floor units (typically floors 5–15 in HDB blocks) generally offer the strongest balance between rental demand and pricing, as they avoid ground-floor concerns regarding privacy and security whilst remaining accessible for tenants with mobility considerations or young children reluctant to use upper-level lifts. Lower and mid-level units typically command modest premiums for families with young children or elderly residents, supporting rental yield potential, whilst higher floors appeal to tenants valuing views and reduced noise from street-level activity. Buyers optimising for resale value should favour units avoiding the very top floor (marginal premium rarely justifies potential maintenance cost exposure) and lower floors below floor 3 (where privacy and rental attractiveness typically decline due to street noise and pedestrian proximity).

What is the future supply pipeline for HDB stock in the Geylang and Kaki Bukit area, and how might it affect 672 Jalan Damai values?

The HDB supply pipeline for east Singapore continues at moderate pace, with new launches concentrated in designated transformation areas and growth zones rather than mature estates like Geylang, meaning 672 Jalan Damai faces relatively limited new-supply competition within its immediate locality. Broader regional supply of new HDB across east Singapore (such as Paya Lebar, Hougang environs) may absorb some future first-time buyer demand, potentially constraining appreciation rates at mature developments. However, the scarcity of new MRT-proximate HDB stock relative to ongoing demand from young professionals and upgraders suggests that well-located existing estates like 672 Jalan Damai should retain resilient capital value, particularly for long-term holders willing to weather shorter-term market cycles.

Hdb Flat At 672 Jalan Damai — From S$750