Type

Units

Min Area

Price Range

Studio

150 sqft

S$700/mo

Other

150 sqft

S$700/mo

Property Highlights

HDB development with 2 units currently available.
Prices currently start from S$700.
For Singaporean second property buyers, ABSD applies at 20% of the purchase price, approximately S$140 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: An HDB Opportunity in Established Kaki Bukit

672 Jalan Damai represents a residential offering in one of Singapore's well-established public housing districts. Located along a residential corridor in the eastern zone, this development sits within proximity to Kaki Bukit MRT Station (DT28), placing occupants within a five-minute walk of approximately 430 metres to the station. This accessibility to the Downtown Line creates a direct transport link to the central business district and other key employment centres across the island.

The Kaki Bukit area has matured significantly over recent decades, characterised by stable residential communities, local retail amenities, and proximity to both industrial and commercial zones. The neighbourhood attracts a diverse buyer profile, ranging from first-time homeowners seeking affordable entry points into property ownership, to experienced investors seeking rental yields in a well-serviced locality, and upgraders looking to downsize into more manageable units. The proximity to major transport infrastructure has historically supported both occupancy rates and capital appreciation within this district.

Location and Connectivity

The position along Jalan Damai places this development within walking distance of the Kaki Bukit MRT station, a critical advantage for commuters and investors alike. The Downtown Line connection enables efficient travel to the Marina Bay financial district, the Orchard shopping and business precinct, and onward connections to the Circle Line and other major transport corridors. Within the immediate vicinity, residents benefit from established HDB neighbourhoods, local hawker centres, and neighbourhood shopping facilities that have served the community for decades.

The eastern corridor location also places the development within proximity to employment nodes such as the Paya Lebar industrial and commercial zone, reducing commute times for workers in logistics, manufacturing, and service sectors. For investors focused on rental demand, the accessibility to both residential and employment areas typically translates into steady tenant demand and consistent monthly returns.

Market Position and Pricing Context

Units at 672 Jalan Damai are priced competitively within the HDB resale market segment for the Kaki Bukit locality. The pricing reflects the unit's compact floor area and proximity to established MRT infrastructure. Buyers considering this development should benchmark against recent comparable transactions in the surrounding Jalan Damai and neighbouring Tanjong Katong areas, where psf pricing typically reflects the maturity of the estate, lease remaining on the property, and condition of the unit.

For investors and owner-occupiers, the entry price point at this development compares favourably against new-launch HDB projects in peripheral areas, whilst offering the advantage of an already-established residential community with proven rental demand. The price range ensures accessibility for first-time buyers meeting the income and savings thresholds for HDB ownership, whilst remaining attractive to investors seeking moderate capital outlay and potential rental yield.

Lease Tenure and Long-Term Resale Considerations

As an HDB property, the flat carries a lease tenure that is fundamental to its long-term value trajectory. Buyers should carefully evaluate the remaining lease duration at the point of purchase, as properties with lease periods below 70 years typically face increasing difficulty in obtaining bank financing and may experience downward pressure on resale value. The Housing and Development Board's lease decay impact becomes more pronounced as properties approach the 70-year threshold, affecting both valuation and buyer sentiment in the secondary market.

For purchasers intending to hold the property as a long-term investment or retirement asset, the lease duration directly influences the holding period and expected exit valuation. Conversely, owner-occupiers with shorter investment horizons may experience less pronounced lease decay impact during their ownership period. Prospective buyers are advised to request the exact remaining lease tenure from the seller and factor this into their financing calculations and long-term wealth planning.

Investment Potential and Rental Yield

The Kaki Bukit locality has historically demonstrated solid rental demand, supported by the proximity to the MRT station and the accessibility to both residential communities and employment precincts. Investors evaluating 672 Jalan Damai should conduct a comparative rental analysis against recent lettings in the surrounding estate, accounting for the unit's specific floor area, layout, and condition. Gross rental yields in mature HDB estates in this zone typically range between 2.5% and 4% annually, though actual returns depend on the purchase price, achievable monthly rent, and holding costs such as property tax and maintenance.

The compact floor area of approximately 150 square feet positions the unit as attractive to young working professionals, couples, and downsizers seeking minimal maintenance and low utility costs. This market segment typically demonstrates stable demand in the rental market, particularly given the proximity to MRT transport. Investors should also consider the cost of acquisition, including the Additional Buyer's Stamp Duty for second-property purchases by Singapore Citizens (currently 20%), which materially affects the cash-on-cash yield and total cost of ownership.

Buyer Suitability and Profile Analysis

First-time homebuyers represent a natural audience for this development, particularly those seeking an entry point into property ownership with manageable financing requirements and proximity to public transport. The compact layout and pricing ensure that first-timers meeting HDB income and savings criteria can access ownership with reasonable mortgage obligations, leaving headroom for other financial commitments and life events.

Upgraders and downsizers moving from larger units or landed properties similarly benefit from the low maintenance requirements, established neighbourhood character, and transport accessibility. These buyers often prioritise convenience and proximity to amenities over floor area, making a compact HDB flat an attractive proposition for rationalising their property portfolio and releasing capital for other investments or lifestyle priorities.

High-net-worth investors and property portfolios builders view HDB flats as yield-generating assets with lower individual capital requirements, enabling portfolio diversification across multiple holdings. The proximity to the MRT station and the maturity of the neighbourhood provide confidence in tenant demand and rental stability, supporting the investment thesis for these acquisitions.

Financing, ABSD, and Buyer Obligations

Financing availability for HDB resale flats remains broad-based, with most major banks offering loan-to-value ratios of up to 80% for owner-occupiers. At typical price points for this development, the Total Debt Servicing Ratio (TDSR) impact remains manageable for households earning within or above the HDB income threshold, typically leaving adequate financial headroom for other credit obligations and life contingencies.

Buyers purchasing an HDB flat as a second residential property must account for the Additional Buyer's Stamp Duty at 20% of the property's value, a significant cash outlay that must be factored into the total acquisition cost. This duty applies to Singapore Citizens acquiring their second residential property and substantially increases the effective purchase price and financing requirement. Investors and upgraders must ensure their financial planning accounts for this obligation before proceeding with acquisition.

All buyers should engage a conveyancing solicitor to review the flat's title, outstanding loan obligations, and any encumbrances prior to commitment. The solicitor will also advise on the timing of stamp duty payments and coordinate with the HDB and financing bank throughout the completion process.

Market Comparables and Competitive Positioning

The Kaki Bukit HDB estate contains numerous properties available for resale at any given time, providing a competitive but transparent market for price discovery and negotiation. Recent transactions in the surrounding area provide valuable reference points for evaluating 672 Jalan Damai's pricing relative to comparable units. Properties with similar floor areas, layouts, and remaining lease tenure typically trade within a defined range, and prospective buyers should review recent sold prices on the HDB resale portal and transaction records to assess whether the asking price aligns with current market equilibrium.

Comparative analysis should also consider the specific unit's floor level, orientation, and condition relative to other recent sales. Ground-floor units often attract a modest discount due to perceived privacy and security concerns, whilst mid-range and higher floors may command a marginal premium for enhanced natural light and ventilation. Corner units and those with superior views or lower noise exposure may also trade at a slight premium over standard layouts.

Supply Pipeline and District Outlook

Future urban development in the broader eastern corridor, including potential transport enhancements and commercial precinct expansions, may incrementally support property values and rental demand. However, the primary value drivers for resale HDB flats in this zone remain proximity to existing MRT infrastructure, neighbourhood amenities, and lease tenure rather than anticipatory infrastructure improvements. Buyers should form their investment thesis based on current conditions and proven rental demand rather than speculative infrastructure forecasts.

Conclusion

672 Jalan Damai presents a residential opportunity for a diverse buyer profile within an established, transport-connected neighbourhood. The proximity to Kaki Bukit MRT station, the maturity of the residential community, and the competitive pricing within the HDB resale market create a proposition suited to first-time buyers, upgraders, and investors seeking rental yield in a stable locality. Prospective purchasers should conduct thorough due diligence on lease tenure, financing availability, and comparative pricing before proceeding, ensuring alignment between the property's characteristics and their personal ownership objectives.

Frequently Asked Questions

What rental yield might I achieve if I purchase a unit at 672 Jalan Damai as an investment?

Gross rental yields for HDB flats in the mature Kaki Bukit locality typically range between 2.5% and 4% annually, depending on the purchase price achieved and the achievable monthly rent for the specific unit. The compact floor area of approximately 150 square feet positions the flat as attractive to young professionals and downsizers, both of which represent stable rental-demand segments in the secondary HDB market. To estimate your specific yield, divide the expected monthly rent by the total purchase price (including ABSD and acquisition costs if buying as a second property), then annualise the figure; however, you should also deduct outgoings such as property tax and maintenance fees from the gross rental income to calculate net yield.

How does the psf pricing at 672 Jalan Damai compare to recent comparable HDB transactions in Kaki Bukit?

Pricing comparisons require reference to recent sold transactions in the surrounding Jalan Damai and adjacent HDB blocks in the Kaki Bukit estate, which you can access via the HDB resale portal and transacted-price records. Properties of similar floor area, remaining lease tenure, and floor level typically trade within a defined price band; however, condition, orientation, noise profile, and proximity to amenities create variations around that band. To assess whether the asking price at 672 Jalan Damai represents fair value, identify at least three comparable recent sales within the same estate and cluster, calculate their psf pricing, and compare against the subject property's psf—this approach accounts for the maturity of the estate and the incremental value of the MRT proximity across the neighbourhood.

What is the Additional Buyer's Stamp Duty (ABSD) impact if I am a Singapore Citizen buying this as a second residential property?

Singapore Citizens purchasing a second residential property incur ABSD at the current rate of 20% of the property's purchase price, a substantial cash outlay that significantly increases the effective acquisition cost. At a purchase price of approximately S$ 500,000 (as a hypothetical mid-range figure for this development), the ABSD liability would amount to S$ 100,000, which must be paid upfront at the point of completion alongside the initial stamp duty and legal fees. This 20% levy materially affects your total cost of ownership, reduces your loan-to-value financing capacity, and must be factored into your investment yield calculations; failing to account for ABSD can substantially understate your true acquisition cost and overstate your expected returns.

How does remaining lease tenure affect the resale value and financing prospects for properties at 672 Jalan Damai?

The remaining lease duration is a critical determinant of both bank financing approval and resale valuation for HDB flats; properties with remaining leases below 70 years face increasing difficulty in obtaining mortgage financing and typically experience downward pricing pressure in the secondary market as buyer pools shrink. Most banks impose minimum lease-remaining thresholds of 60–70 years at the point of loan origination, and some lenders impose stricter criteria, meaning that as lease decay accelerates, you may find refinancing options limited and buyer interest diminished. For investors and owner-occupiers, the lease duration directly affects the holding period and expected exit value; properties approaching the 70-year threshold may require accelerated disposal strategies or face material valuation discounts, making lease tenure a fundamental variable in your purchase decision and long-term wealth planning.

How does the proximity to Kaki Bukit MRT station (DT28) influence demand, rental yield, and capital appreciation for this development?

Proximity to Kaki Bukit MRT station is a primary value driver for properties in this locality, as it provides direct access to the Downtown Line and onward connections to the central business district, employment precincts, and other major transport corridors. This transport accessibility consistently supports both occupancy rates and rental demand, as tenants and owner-occupiers prioritise commute efficiency; empirically, HDB flats within walking distance of MRT stations command a premium over equivalent units in less-connected areas, and this premium typically remains stable or appreciates modestly over market cycles. For investors, the MRT proximity translates into deeper tenant pools, lower vacancy risk, and more stable rental income; for owner-occupiers, it reduces commute time and enhances lifestyle convenience, supporting long-term satisfaction and resale demand when you eventually exit the property.

Is this development suitable for first-time homebuyers, or should I focus on newer HDB or private properties?

672 Jalan Damai is well-suited to first-time homebuyers because it offers an affordable entry point to property ownership, proven neighbourhood stability, established amenities, and proximity to public transport—all of which reduce financial risk and support confidence in the investment thesis. The compact floor area and lower unit price ensure that first-timers meeting HDB income and savings criteria can access ownership with manageable mortgage obligations, typically preserving adequate financial headroom for other life priorities and contingencies. Newer HDB or private properties may offer modern finishes and building infrastructure but require higher capital outlay and may be located in peripheral growth areas with unproven long-term demand patterns; conversely, resale HDB flats in mature, transport-connected neighbourhoods like Kaki Bukit provide tangible evidence of demand, rental stability, and resale liquidity—factors that should weigh heavily in a first-timer's calculus.

What are the TDSR implications and financing headroom at typical price points for this development?

At typical price points for a compact HDB flat in the Kaki Bukit area—likely in the range of S$ 450,000–S$ 550,000 for resale units—the total debt servicing ratio (TDSR) impact for most owner-occupiers earning within or above HDB income thresholds remains manageable, typically consuming 30–40% of gross household income and leaving adequate headroom for other credit obligations. Banks typically approve loan-to-value ratios of 80% for owner-occupiers, meaning you might finance approximately S$ 360,000–S$ 440,000 of the purchase price, depending on the bank's specific lending criteria and your creditworthiness. To stress-test your financing capacity, calculate your total household debt (mortgage, car loans, credit cards, personal loans) and express it as a percentage of gross monthly income; if this figure remains below 60% TDSR, you retain adequate financial buffer for rate increases, income disruption, or unexpected expenses—a prudent position for any homebuyer.

How does 672 Jalan Damai compare to competing HDB developments in nearby areas such as Kaki Bukit, Geylang, or Paya Lebar?

The broader Kaki Bukit estate and neighbouring areas such as Geylang and Paya Lebar offer multiple HDB clusters with varying lease tenures, age profiles, and distance from MRT stations; direct price comparisons require benchmarking against properties of identical floor area and remaining lease duration to isolate the true market value spread. Units at 672 Jalan Damai enjoy the advantage of mature neighbourhood amenities, established retail precincts, and confirmed MRT proximity, factors that typically command a modest premium over equivalent units in nearby blocks with less convenient MRT access or weaker community infrastructure. Competing developments in the same geographic cluster—such as neighbouring Jalan Damai blocks or adjacent estate clusters—provide the most relevant price comparisons; you should obtain recent transaction data for these competing properties to assess whether the subject unit's asking price aligns with current market equilibrium and represents fair value relative to immediate alternatives.

Which floor levels or unit stacks offer the best value relative to price at this development?

Floor-level premiums and discounts in mature HDB estates typically reflect privacy, noise, natural light, and perceived security factors rather than fundamental differences in utility or long-term value; ground-floor units often trade at a modest discount (typically 5–10%) due to concerns about privacy and street noise, whilst mid-range floors (3–8 storeys) often command a slight premium for enhanced natural light and lower ambient noise. Corner units and those with superior orientation (e.g., north-facing for reduced heat gain) may trade at marginal premiums, though these variations are modest in mature estates compared to newer private developments. For value-conscious buyers, ground-floor or lower-floor units often represent superior investment propositions because you capture the discount whilst retaining all functional benefits and accessibility; however, personal preference regarding privacy, natural light, and noise tolerance should ultimately drive your floor-level selection, as the price differentials rarely justify purchasing a less-preferred unit solely for anticipated resale appreciation.

What is the future supply and development outlook for the Kaki Bukit and surrounding east-coast districts?

The Kaki Bukit planning area and surrounding east-coast districts are mature residential zones with limited new HDB supply expected in the near term, as the Housing and Development Board has prioritised development in growth areas such as Punggol, Woodlands, and Tengah; this supply constraint typically supports stable resale values and rental demand in established neighbourhoods, as buyer pools remain focused on secondary-market acquisitions rather than new launches. Future transport or commercial development in the broader eastern corridor may incrementally enhance neighbourhood appeal and property values, but the primary value drivers for resale HDB properties remain current MRT accessibility, established amenities, and remaining lease tenure rather than speculative infrastructure improvements. For prospective buyers, the constrained new-supply environment surrounding 672 Jalan Damai is a stabilising factor that supports both occupancy demand and rental yield; however, you should form your investment thesis based on proven current conditions—neighbourhood stability, confirmed rental demand, and lease duration—rather than anticipatory infrastructure forecasts that may not materialise or may arrive over extended timeframes beyond your holding period.

Hdb Flat At 672 Jalan Damai — From S$700