Type

Units

Min Area

Price Range

Other

129 sqft

S$1,200/mo

Property Highlights

HDB development with 1 unit currently available.
Prices currently start from S$1,200.
For Singaporean second property buyers, ABSD applies at 20% of the purchase price, approximately S$240 on this acquisition.

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.

708 Clementi West Street 2: An HDB Flat in Clementi's Established Neighbourhood

708 Clementi West Street 2 represents a residential offering within one of Singapore's most enduring HDB estates. Located in the Clementi precinct, this address sits within a neighbourhood characterised by mature facilities, steady foot traffic, and a well-established residential community. The development sits at a strategic position within Clementi, an area that has consistently attracted both owner-occupiers and rental tenants across diverse income brackets and life stages.

Clementi as a district carries particular relevance for those seeking proximity to education institutions, shopping hubs, and healthcare facilities. The estate has evolved over decades into a mixed-demographic residential zone where young professionals, upgraders, and retirees coexist. Properties in this locale have historically demonstrated resilience in both capital and rental markets, supported by the area's comprehensive infrastructure and established amenities network.

Location, Accessibility and Neighbourhood Character

The Clementi West Street address places residents within walking distance of the estate's retail and dining precinct. The neighbourhood benefits from a mature network of void decks, community spaces, and hawker centres that service day-to-day living needs. Schools, clinics, and supermarket chains are embedded throughout the surrounding precincts, reducing reliance on private transport for essential errands.

The broader Clementi zone has seen ongoing investment in public realm improvements and community amenities over recent years. This continuous refresh maintains the estate's appeal to rental tenants and owner-occupiers alike, particularly those who value walkability and convenience without the premium pricing of prime central locations. The address provides genuine accessibility to the broader west-zone neighbourhood, with various transport and commercial nodes within reasonable travelling distance.

Unit Type and Space Considerations

This HDB flat comprises a compact footprint of 129 square feet, positioning it within the smaller end of the HDB spectrum. Such dimensions appeal primarily to downsizers transitioning from larger homes, young professionals establishing independent households, or investors seeking high-yield rental returns from tight floor plans. The modest size inherently reduces utility costs, simplifies maintenance, and attracts tenants seeking affordable, fuss-free accommodation.

Compact units of this scale have demonstrated consistent rental demand in established estates, particularly among working professionals and recent graduates who prioritise location and affordability over square meterage. The trade-off between space and accessibility makes such offerings attractive across economic cycles, especially in mature precincts where transport, retail, and social infrastructure are already embedded.

Market Position and Investment Characteristics

Properties within the Clementi estate occupy a distinct niche within Singapore's residential market—neither prime central nor transitional, but firmly established as a stable, middle-tier residential zone. HDB flats in this location tend to attract owner-occupiers seeking practical living arrangements and investors targeting steady rental yields. The neighbourhood's maturity means predictable tenant demand, well-understood resale markets, and minimal supply-side surprises from future redevelopment.

For owner-occupiers, the Clementi address offers a tangible lifestyle—access to known schools, reliable transport, and established shopping precincts. For investors, the compact footprint and accessible location create a natural rental pool without the capital intensity of larger units or prime-location premiums. The estate's long operational history means agents and buyers alike possess transparent comparable pricing data, reducing transactional friction and valuation uncertainty.

Resale Resilience and Long-term Outlook

HDB flats in Clementi have historically maintained steady resale demand, anchored by the estate's established reputation and continuous minor upgrading of facilities. The combination of mature infrastructure, community stability, and reliable tenant demand creates a comparatively low-risk acquisition profile for owner-occupiers planning medium to long-term holding periods. Clementi's position in the west zone, whilst not premium, ensures it remains geographically stable relative to Singapore's development priorities.

The estate's age and maturity also mean minimal speculative price volatility, offering purchasers reasonable confidence in rental income predictability and capital retention. New HDB launches elsewhere in Singapore have not materially diminished demand within established estates like Clementi, particularly for compact units serving the rental market. This resilience reflects the enduring appeal of walkable, serviced neighbourhoods for practical Singaporean households.

Tenant Profile and Rental Market Dynamics

Compact HDB flats in Clementi typically attract rental tenants spanning young professionals, recent graduates, and transient expat populations seeking short-term secure accommodation. The modest rental ask, combined with the estate's accessibility and amenities, creates consistent tenant turnover and reliable income streams. Landlords of such units report straightforward tenant sourcing, predictable lease renewal rates, and minimal vacancy periods across market cycles.

The rental demand for small, affordable units in established estates remains counter-cyclical—even during economic slowdowns, working professionals require accessible, budget-friendly housing. Clementi's specific mix of transport connectivity and retail convenience makes it particularly attractive to tenants who prioritise practicality over space, a preference that has shown remarkable consistency across market cycles and demographic shifts.

Financing and Purchasing Considerations

For prospective owner-occupiers, the modest acquisition cost of flats at this address generally presents favourable financing profiles, with mortgage serviceability typically straightforward for employed Singaporeans and permanent residents. Buyers should anticipate standard HDB conveyancing timelines and regulations, including the standard 99-year lease tenure applicable to most HDB estates.

Investors considering this property as a second residential acquisition should be aware that Additional Buyer's Stamp Duty (ABSD) applies at 20% of the purchase price for Singapore Citizens acquiring a second residential property. This represents a material additional cost that should be incorporated into yield calculations and acquisition budgets. Beyond ABSD, standard HDB transaction costs—agent fees, legal, and survey—remain modest in percentage terms for lower-priced units, though absolute figures scale with the purchase price.

Comparative Market Context

Within the broader Clementi landscape, this offering sits alongside other compact HDB flats of similar vintage and scale. The estate's consistent supply of rental stock creates a relatively transparent, comparable rental market, enabling landlords to benchmark rates and assess yield expectations with reasonable confidence. Properties at this address face direct competition from other compact units within the same estate and immediate neighbouring precincts, meaning pricing and rental rates closely reflect supply-demand equilibrium.

Prospective purchasers and tenants alike benefit from extensive transaction history within Clementi, offering reliable guidance on achievable rental income, capital appreciation rates, and resale timelines. The absence of significant heterogeneity in unit types within the immediate precinct means comparable sales data remains relevant and readily available from transaction records and estate agents.

Conclusion: Practical Residential Value in an Established Setting

708 Clementi West Street 2 embodies the practical, accessible appeal of Singapore's mature HDB estates. For owner-occupiers seeking straightforward residential space within a walkable, serviced neighbourhood, and for investors targeting steady rental returns from modest capital deployment, this address delivers on both fronts. Clementi's long operational history, established community infrastructure, and consistent market demand underpin a relatively low-uncertainty acquisition profile, particularly suited to those prioritising accessibility and livability over aspirational space or location premiums.

Frequently Asked Questions

What rental yield can investors realistically expect from a compact HDB flat at 708 Clementi West Street 2?

Compact HDB flats in established Clementi typically achieve gross rental yields ranging from 3% to 4.5%, depending on precise location, unit condition, and current market rental rates for similar spaces. The modest acquisition cost of units in this price bracket means even modest monthly rental income translates to respectable percentage returns relative to capital deployed. Investors should cross-reference recent rental transactions for comparable compact units within the same estate to establish localized yield expectations, as Clementi's transparent rental market provides abundant historical data. Actual yields depend heavily on tenant sourcing efficiency, vacancy periods, and maintenance costs—landlords should budget conservatively for minor repairs and periodic void periods.

How does the price per square foot at 708 Clementi West Street compare to recent HDB transactions in Clementi?

Clementi estate maintains a remarkably consistent price-per-square-foot range for compact units, reflecting the neighbourhood's stable market and abundant comparable sales history. Recent HDB transactions in the estate demonstrate that compact flats trade within a predictable band relative to estate-wide averages, with minimal outliers beyond immediate supply-demand fluctuations. Without access to real-time transaction databases, prospective buyers should request estate agents to provide the last 12 months of comparable sales for similarly sized units on or near Clementi West Street, benchmarking the asking price against transactional evidence. The mature, established nature of the estate means any significant price variance typically signals unit-specific factors—condition, floor level, orientation—rather than broader market mispricing.

What is the Additional Buyer's Stamp Duty (ABSD) impact if I purchase this HDB as a second residential property?

Singapore Citizens acquiring 708 Clementi West Street 2 as a second residential property will incur Additional Buyer's Stamp Duty at 20% of the purchase price, a substantial cost that must be factored into acquisition budgets and investment returns. This 20% ABSD applies on top of standard Buyer's Stamp Duty (BSD) and other transaction costs, effectively increasing total transactional costs by several percentage points of the property value. For investors, the ABSD burden materially impacts net yield calculations—a property acquired at S$200,000 would incur S$40,000 in ABSD alone, requiring significant monthly rental income to achieve target returns. Prospective second-property purchasers should carefully model ABSD implications before committing, as it fundamentally alters the capital efficiency of the investment relative to other asset classes.

Is there a lease decay risk for this HDB property, and how might it affect resale value in the future?

Most HDB flats, including properties at 708 Clementi West Street, carry a 99-year lease tenure from the date of initial construction, meaning older estates do face eventual lease maturity where resale value becomes constrained. However, Clementi is a mature but not ancient estate, and HDB properties within the 30–50 year lease range remain readily marketable with functional resale liquidity and predictable capital retention. Once a property dips below 30 years of remaining lease, resale demand typically narrows and valuation multiples decline, as buyers and mortgage lenders begin factoring in eventual enfranchisement or lease extension complexity. Purchasers should verify the exact age of the property and calculate remaining lease tenure; properties with more than 60 years remaining lease present minimal practical risk, whilst those approaching 30 years should be acquired with explicit acknowledgment of future lease extension costs and potential resale friction.

How does proximity to the nearest MRT station affect demand, rental rates, and capital appreciation for properties at this address?

The nearest MRT station's distance and service frequency materially influence tenant demand and capital growth within Clementi. Properties within 10–15 minute walk of an operating MRT station command rental premiums of 10–20% relative to properties further distant, reflecting tenant preferences for public transport accessibility. Capital appreciation in MRT-proximate properties also tends to outpace those in car-dependent precincts, as Singapore's transport infrastructure investment remains a key driver of residential desirability. Prospective investors should identify the precise walking distance and average commute time to relevant MRT stations, cross-referencing against their target tenant profile—young professionals invariably prioritise MRT connectivity over personal vehicle ownership. The Clementi area's MRT coverage is established and mature, meaning no significant future transport infrastructure surprises are likely to alter the value proposition substantially in either direction.

Who should consider purchasing at 708 Clementi West Street 2—what buyer profiles does this property suit best?

This compact HDB flat is optimally suited to downsizers transitioning from larger homes who prioritise location and convenience over square meterage, first-time buyers establishing independent households with constrained capital, and rental investors seeking high-yield returns from modest capital deployment. High-net-worth individuals typically avoid compact units unless acquiring as portfolio diversification within a broader property holding, given the limited upside potential and lower absolute rental income. Young professionals and recent graduates represent the core tenant demographic, making owner-occupier purchase an accessible entry point for younger Singaporeans entering the property market with supportive family funds or modest personal savings. Investors specifically targeting steady rental yields from tight capital deployment will find this property aligns well with their objectives, provided they accept modest absolute monthly income in exchange for favourable percentage returns and straightforward tenant sourcing.

What TDSR and financing headroom should I expect at typical HDB price points for this development?

Total Debt Servicing Ratio (TDSR) constraints typically present minimal friction for HDB purchases at modest price points, as monthly mortgage servicing costs remain well within standard lending thresholds for employed Singaporeans. A compact HDB flat in this price bracket would typically require monthly mortgage payments of S$800–S$1,200 for a 25-year loan at prevailing rates, leaving substantial TDSR headroom for buyers with stable employment and reasonable income. However, prospective purchasers with existing debt obligations—car loans, personal loans, credit card balances—should conduct careful TDSR arithmetic before proceeding, as aggregate monthly debt service is the operative constraint. First-time buyers financing through HDB loans generally experience more relaxed lending parameters than private bank mortgages, meaning qualifying for adequate financing typically proves straightforward for this property class if the applicant demonstrates stable income and reasonable credit history.

How does 708 Clementi West Street 2 compare to competing developments or addresses within the broader Clementi estate?

Clementi estate comprises numerous older residential blocks spanning several decades of construction, meaning competitive offerings within the immediate neighbourhood are abundant and diverse. Compact HDB units at this address face direct competition from similar-sized flats in adjacent blocks, particularly those offering comparable or superior floor levels, orientation, or renovation condition. The established nature of Clementi means minimal differentiation across addresses—most blocks enjoy similar access to void deck amenities, hawker centres, and transport connectivity, so unit-specific factors (condition, floor, facing) typically drive pricing variation more than location within the estate. Prospective purchasers should view multiple comparable units within Clementi before committing, as price variation reflects genuine unit quality differences rather than location disparities; similarly situated properties at this address will trade within a tight range of each other absent obvious defects or superior finishes.

Are there particular unit stacks, floor levels, or configurations that offer better value at this address?

In compact HDB flats, unit condition, floor level, and orientation typically trump other variables in determining value and rental attractiveness. Lower floor units (2–5 floors) attract security-conscious tenants and downsize owner-occupiers preferring minimal stair climbing, but may experience slightly lower rental premiums than mid-floor units (6–15 floors) which enjoy better natural light and reduced noise from ground-level activity. Upper floor units (16+ floors, if available in this block) command modest rental and capital premiums due to enhanced privacy and views, though the absolute increment is modest in Clementi given the estate's mature, modestly-scaled built environment. Investors should prioritise condition, fenestration, and accessibility over chasing fractional floor-level premiums; a well-maintained mid-floor unit with favourable orientation will consistently out-perform a poorly-maintained upper-floor alternative. Direct on-site inspection remains essential to assessing orientation, natural ventilation, and condition—factors that substantially influence both owner-occupier satisfaction and rental competitiveness.

What future supply pipeline and demographic trends might affect values at 708 Clementi West Street 2 over the next 10 years?

Clementi estate's mature age and saturation mean minimal new HDB launches are anticipated within the immediate precinct, reducing future supply competition and supporting price stability for existing stock. Singapore's Housing and Development Board typically channels new public housing to emerging growth areas rather than consolidating density in established estates, meaning Clementi residents can reasonably expect constrained new supply relative to adjacent precincts. Demographic trends favour sustained demand for compact HDB units within established estates, as Singaporean household size continues declining and younger cohorts prioritise location-convenience over space; these secular trends structurally support rental demand for efficient, accessible flats. However, broader estate aging—with many Clementi properties approaching or entering lease-decay territories—may eventually necessitate large-scale en bloc rejuvenation or management responses, creating uncertainty for properties with dwindling lease tenor. Prospective long-term purchasers should factor estate-age considerations into hold-period timelines; properties acquired today should comfortably satisfy owner-occupier needs or rental objectives within the next 15–20 year window absent extraordinary estate-wide disruptions.

Hdb Flat At 708 Clementi West Street 2 — From S$1,200