Type

Units

Min Area

Price Range

2 BR

731 sqft

S$3,600/mo

Property Highlights

HDB development with 1 unit currently available.
Prices currently start from S$3,600.
For Singaporean second property buyers, ABSD applies at 20% of the purchase price, approximately S$720 on this acquisition.
Located 6 min (480 m) from EW27 Boon Lay 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.

698 Jurong West Central 3: A Mature HDB Development in a Thriving Precinct

698 Jurong West Central 3 stands as an established residential address in one of Singapore's most vibrant public housing estates. Situated in Jurong West, this development benefits from a mature neighbourhood character combined with excellent connectivity to the wider island. The proximity to Boon Lay MRT Station—just a six-minute walk away at approximately 480 metres—makes commuting to the city centre, business districts, and employment nodes straightforward for residents working across Singapore.

The development occupies a strategic location within the Jurong precinct, an area that has evolved considerably over the past two decades. Jurong West is home to a diverse demographic of young families, upgraders, and long-term residents who value the combination of affordability, space, and accessibility. The neighbourhood continues to attract new infrastructure investment, including retail developments, food establishments, and community facilities that enhance the lifestyle proposition for residents.

Connectivity and Transport Advantages

The six-minute walk to Boon Lay MRT Station on the East-West Line (EW27) is a significant convenience factor that underpins both occupier demand and capital appreciation potential. The East-West Line connects Jurong West directly to major business hubs including the CBD, Marina Bay, and Changi, making this location particularly appealing for working professionals. Daily commutes to these destinations are achievable within 25 to 35 minutes, depending on the final destination and time of day.

Beyond the MRT, the development enjoys access to a comprehensive bus network servicing the Jurong West area. Multiple bus routes connect to shopping centres, employment zones, educational institutions, and healthcare facilities across the wider precinct. This layered transport infrastructure reduces dependency on private vehicles and supports the asset's appeal to both owner-occupiers seeking convenience and investors targeting rental market demand.

Unit Types and Space Efficiency

The development offers a range of unit configurations designed to meet the needs of different household sizes and life stages. Multi-bedroom units provide ample living space, with layouts that maximise natural light and functional room arrangements. The built-up areas across the available stock range appropriately, ensuring that buyers can select units that suit their spatial requirements and budget parameters.

The design philosophy of this development prioritises practical, liveable spaces rather than premium finishes, which aligns well with HDB standards and appeals to a broad spectrum of buyers. Kitchens, bathrooms, and living areas are proportioned to accommodate modern family living, with storage solutions that reflect contemporary residential expectations. This pragmatic approach to unit design has contributed to the development's sustained popularity in the rental and resale markets.

Investment Potential and Rental Market Dynamics

For investors considering this development as part of a portfolio strategy, the Jurong West location presents compelling fundamentals. The area benefits from consistent rental demand driven by proximity to MRT, affordability relative to central locations, and the presence of young professionals and families seeking accommodation. Typical rental yields in this precinct have remained stable, reflecting steady tenant demand and relatively predictable operating expenses.

The tenant profile for this development tends towards working professionals, young couples, and small families who prioritise transport convenience and reasonable rental outgoings. The mature nature of the neighbourhood and established community infrastructure make it a credible choice for renters seeking stability rather than premium finishes or cutting-edge amenities. This stable rental demand translates to lower vacancy risk and more predictable income streams for landlord-investors compared to newer, untested developments.

Pricing Dynamics and Market Comparison

Pricing at 698 Jurong West Central 3 reflects the maturity of the development, the strength of the Boon Lay MRT proximity, and current market conditions within the broader HDB secondary market. Recent transactions in the Jurong West precinct have established reference points for per-square-foot valuations, with pricing that sits competitively against other mature HDB developments in the same corridor. The price per square foot for units at this development generally aligns with or trades at a modest discount to newer developments further from transport nodes, making it attractive for value-conscious buyers.

The secondary market for HDB flats in Jurong West has demonstrated resilience over multiple market cycles, with pricing supported by the consistent fundamentals of the location. Buyers should assess pricing against comparable recent transactions in the area to ensure they are transacting at market value. The transparency of HDB secondary market data allows for straightforward comparison of pricing and enables informed decision-making by both owner-occupiers and investors.

Buyer Suitability Across Different Profiles

This development appeals to multiple buyer segments. First-time homebuyers seeking affordable entry into the property market find the pricing accessible and the location sufficiently central to meet their commute and lifestyle needs. Young professionals benefit from the MRT proximity and proximity to employment hubs, whilst upgraders moving from smaller units appreciate the additional space and maturity of the neighbourhood. Property investors view the development as a stable cash-generating asset with long-term capital preservation characteristics.

Considerations for Financing and Affordability

Prospective buyers should factor in the total cost of ownership when evaluating this development. Beyond the purchase price, Additional Buyer's Stamp Duty (ABSD) applies to second and subsequent residential property purchases by Singapore Citizens at a rate of 20%, which materially increases the transaction cost for investors or upgraders. Financing through HDB concessional loans or bank mortgages remains accessible, with Debt-to-Service Ratio (TDSR) limits typically accommodating borrowers with stable employment and income documentation.

The pricing at this development generally positions units within reach of middle-income and upper-middle-income households, particularly when utilising HDB concessional financing terms. Buyers should engage with financial advisors to model mortgage scenarios and ensure their projected debt servicing remains comfortably within regulatory limits, leaving adequate headroom for interest rate movements and life-event contingencies.

The Broader Jurong West Supply Context

Jurong West has established itself as a stable, mature residential precinct with a large existing stock of HDB flats across multiple years of construction. New housing supply in Jurong West continues to be released through the HDB Build-To-Order (BTO) programme, which may introduce newer developments at competitive pricing over coming years. However, the secondary market—where 698 Jurong West Central 3 sits—remains active and desirable, particularly for buyers prioritising immediate occupation and established neighbourhood character over newer construction.

The strategic planning of Jurong West as a self-contained town centre, coupled with planned infrastructure improvements, continues to underpin the long-term appeal of the precinct. The development benefits from being an established address with proven tenant demand, established community services, and reliable transport links that newer developments must still earn over time.

Long-Term Value Considerations

HDB flats are subject to a 99-year lease structure, which is the standard tenure for all public housing in Singapore. As with all leasehold assets, buyers should be mindful of lease decay and its eventual impact on capital values as the lease shortens beyond the 60-year threshold. However, the current lease position for 698 Jurong West Central 3 is well-preserved, making this a non-pressing concern for buyers with realistic holding horizons of 15 to 20 years or less.

The long-term value of this development is underpinned by the permanence of the Jurong West location, the quality of MRT connectivity, and the fundamental demand for housing in a well-serviced precinct. Owner-occupiers can approach this development with confidence that the neighbourhood will remain stable and accessible, whilst investors benefit from the predictable, durable fundamentals that support rental demand and resale liquidity.

Frequently Asked Questions

What rental yield can investors typically achieve at 698 Jurong West Central 3?

Rental yields at this development typically range between 2.5% and 3.5% annually, depending on unit size, condition, and the specific rental rate at time of letting. The Jurong West location benefits from consistent tenant demand driven by proximity to Boon Lay MRT and affordability relative to central districts, which supports stable occupancy rates and limits vacancy risk. Investors should model yields using current comparable rental rates in the precinct, noting that yields vary based on purchase price at time of acquisition and any renovation or furnishing costs incurred before tenanting the unit.

How does the price per square foot at 698 Jurong West Central 3 compare to recent Jurong West transactions?

The price per square foot at this development aligns competitively with other mature HDB developments in the Jurong West corridor, typically trading in a range that reflects the stability of the location and proximity to transport. Recent transactions in comparable developments have established reference points that allow buyers to benchmark current offerings at 698 Jurong West Central 3 against actual market value. The secondary HDB market provides transparent transaction data through HDB and property portal records, enabling straightforward comparison of per-square-foot pricing across recent sales in the same precinct, which should inform your purchase decision.

What is the Additional Buyer's Stamp Duty (ABSD) impact for second property purchases at this development?

Additional Buyer's Stamp Duty (ABSD) applies at a rate of 20% on the purchase price for Singapore Citizens buying a second or subsequent residential property, which significantly increases the total transaction cost. For upgraders or investors, this 20% ABSD must be factored into the financial modelling of the purchase, effectively adding substantial transaction costs beyond the purchase price and conveyancing fees. Buyers should engage a solicitor or conveyancer early to model the full cost of acquisition, including ABSD, to ensure the investment or upgrade remains financially viable within their budget parameters.

What lease decay risk should I be aware of at 698 Jurong West Central 3?

As an HDB flat, 698 Jurong West Central 3 operates on a 99-year lease structure, which is the standard tenure for all public housing in Singapore. The lease of this mature development remains well-preserved, meaning buyers with realistic holding horizons of 15 to 20 years face minimal practical impact from lease decay on resale value or financing eligibility. However, once a lease declines below 60 years, banks typically reduce loan-to-value ratios and some investors become reluctant purchasers, which can eventually compress capital values; buyers should monitor lease duration over multi-decade horizons if planning to retain the asset beyond 40 years.

How does proximity to Boon Lay MRT affect demand and capital appreciation at this location?

The six-minute walk to Boon Lay MRT Station on the East-West Line is a primary driver of demand at this development, as it provides direct connectivity to major employment hubs, the CBD, and business districts across Singapore within 25 to 35 minutes. This accessibility consistently underpins both owner-occupier demand and rental market appeal, supporting stable or appreciating capital values over medium-term holding periods. Developments within walking distance of MRT stations historically demonstrate stronger capital preservation and more robust resale liquidity compared to non-MRT-accessible locations, making the Boon Lay connection a material positive factor in the development's long-term investment case.

Is 698 Jurong West Central 3 suitable for first-time homebuyers?

Yes, this development is well-suited to first-time homebuyers seeking affordable entry into the property market combined with convenient transport access and an established neighbourhood. The pricing is generally accessible to middle-income households, and HDB concessional financing options reduce the upfront capital requirement and improve affordability compared to private property markets. First-timers benefit from the neighbourhood maturity, established amenities, reliable MRT connectivity, and the transparency of the HDB secondary market, which provides clear pricing benchmarks and straightforward conveyancing processes.

What is the TDSR headroom likely to be for typical buyers at this development?

At current pricing levels for this development, typical middle-income buyers utilising HDB concessional loans or bank mortgages should have adequate Debt-to-Service Ratio (TDSR) headroom, as the purchase price remains within reach of households with stable employment and documented income. TDSR limits are capped at 60% of monthly income for HDB loans and 55% for bank mortgages, meaning that buyers must ensure total monthly debt servicing (including the new mortgage) does not exceed these thresholds. Prospective buyers should engage with a mortgage broker or HDB loan officer early in the process to model their specific TDSR position based on actual income documentation, as individual circumstances vary and headroom depends on overall debt profile.

How does 698 Jurong West Central 3 compare to nearby competing HDB developments?

Within the Jurong West precinct, 698 Jurong West Central 3 competes against other mature HDB developments such as those at nearby streets and blocks, as well as against newer developments released through the HDB Build-To-Order programme. The advantage of this established development lies in immediate occupancy, a proven rental market, and an entrenched community infrastructure, whereas newer developments offer modern design and longer lease terms but require buyers to wait for completion and tenant demand to stabilise. Pricing at 698 Jurong West Central 3 is typically competitive against these alternatives, particularly for buyer-investors prioritising immediate cash flow and established demand over cutting-edge amenities.

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

Value assessment at 698 Jurong West Central 3 depends on individual preferences regarding natural light, noise profile, and view quality, which vary by stack position and floor level. Lower floors (levels 1-4) typically offer better value on a price-per-square-foot basis, as they command lower premiums than higher floors, though they may experience more street noise and receive less natural light. Mid-to-upper floors (levels 5-8 and above) command price premiums reflecting superior views and light, but may not deliver proportionate value; the best value is often found in mid-range floors (5-7) that balance light and view quality against price premiums, though individual unit specifications and condition also influence true value.

What future housing supply pipeline exists in Jurong West district?

Jurong West continues to receive new housing supply through the HDB Build-To-Order (BTO) programme, with planned launches introducing newly constructed flats at competitive pricing over coming years. This ongoing supply of new BTO units may exert moderate pricing pressure on the secondary market for mature developments, as buyers compare pricing and lease term advantages; however, the secondary market remains active and desirable for immediate occupancy seekers. The strategic planning of Jurong as a self-contained town centre underpins long-term demand for the precinct, ensuring that secondary market developments such as 698 Jurong West Central 3 maintain occupier and investor appeal despite new supply, particularly given the immediate availability and established neighbourhood character that newer BTO developments cannot yet offer.

Hdb Flat At 698 Jurong West Central 3 — From S$3,600