Type

Units

Min Area

Price Range

Other

200 sqft

S$1,499/mo

Property Highlights

HDB development with 1 unit currently available.
Prices currently start from S$1,499.
For Singaporean second property buyers, ABSD applies at 20% of the purchase price, approximately S$300 on this acquisition.
Located 5 min (400 m) from NE9 Boon Keng 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.

9 Saint George's Road: Accessible Urban Living Near Boon Keng MRT

Situated in the heart of the Kallang–Whampoa district, 9 Saint George's Road represents an established public housing development that continues to attract buyers seeking practical, affordable accommodation in Singapore's central region. The project's strategic positioning, combined with its proximity to essential public transport infrastructure, establishes it as a compelling option for first-time homebuyers, upgraders transitioning from smaller units, and property investors targeting the rental market.

The development benefits from its location just 400 metres from Boon Keng MRT station, a key interchange on the North-East Line. This walking distance—approximately five minutes on foot—provides residents with direct connectivity to major employment hubs, shopping districts, and educational facilities across the island. The North-East Line connection extends northward towards Serangoon and southward towards the Marina area, making the development particularly attractive for commuters working in the central business district or northern regions of Singapore.

Connectivity and Neighbourhood Character

The Boon Keng area has evolved into a vibrant mixed-use neighbourhood where HDB estates sit alongside private residential projects, F&B establishments, and local shopping centres. Residents of 9 Saint George's Road enjoy immediate access to hawker centres, wet markets, and neighbourhood shops within the immediate vicinity, supporting daily living needs without requiring lengthy travel. The proximity to established schools, medical clinics, and community centres further reinforces the estate's appeal to families prioritising convenience and accessibility.

The North-East Line's relatively modest fare structure and frequent service intervals ensure that commuting to workplaces in the CBD, Marina Bay, or East Coast proves both affordable and reliable. This accessibility translates directly into stronger demand for rental units, as tenants—particularly young professionals and expatriate relocations—prioritise MRT proximity as a key criterion in their housing search. For investors, this consistent tenant demand underpins rental yield potential that often outperforms more peripheral locations requiring longer commute times.

Market Position and Buyer Profiles

The compact unit sizes at 9 Saint George's Road—typically in the range of 200 square feet—position the development squarely within the entry-level and investor segments of the HDB market. First-time buyers often gravitate towards such developments because the lower absolute purchase price reduces financing requirements and improves loan approval prospects. Young couples embarking on their property ownership journey frequently choose such units as an initial stepping stone, with the intention to upgrade to larger family homes as their circumstances evolve.

Upgraders—residents transitioning from smaller flats or relocating from private housing seeking affordability—find the central location particularly attractive, as it permits them to maintain their preferred address whilst reducing their financial commitment. Meanwhile, property investors view the Kallang–Whampoa district as a proven rental market with consistent tenant demand, driven by proximity to employment centres and educational institutions. The rental yield profile for such units typically remains competitive relative to peripheral developments, reflecting the premium placed by tenants on time-efficient commutes.

Investment Considerations and Financing

Prospective buyers acquiring 9 Saint George's Road as an investment property should factor in Additional Buyer's Stamp Duty (ABSD) at 20%, the current rate applicable to a second residential property purchased by a Singapore Citizen. This duty is calculated on the purchase price and materially affects the overall cost of acquisition. For example, at a purchase price of S$500,000, ABSD would total S$100,000, significantly increasing the capital outlay required at point of purchase beyond the cash down payment and conveyancing costs.

The Total Debt Service Ratio (TDSR) ceiling of 55% for HDB purchases constrains borrowing capacity. At typical price points for units within this development, most first-time buyers will secure financing covering 80–90% of the purchase price, with the balance covered by cash savings or CPF withdrawal. The modest unit price compared to private residential or larger HDB flats in central locations generally results in more favourable TDSR outcomes, permitting buyers with moderate incomes to proceed with purchase without breaching lending thresholds.

Lease Tenure and Long-Term Value Considerations

As a public housing development, 9 Saint George's Road units carry standard HDB lease tenures of either 99 years or 999 years from the date of first construction. The lease tenure directly influences long-term capital appreciation and resale demand, particularly as lease decay progressively reduces a unit's value in the secondary market. Properties approaching the 60-year mark historically experience accelerating value declines as buyers' financing options narrow and renovation costs mount relative to the property's diminishing useful life.

Current leasehold units at this development present an appropriate holding period for investors targeting a 7–10 year exit horizon; beyond that timeframe, lease decay becomes an increasingly material factor in capital value. First-time buyers should similarly be conscious that whilst the purchase price remains accessible, the long-term asset value trajectory will be influenced by lease remaining at the point of eventual resale. For buyers intending to occupy the unit until advanced age, the lease status warrants careful consideration, as HDB policies on lease extension and subsidies apply specific eligibility criteria dependent on the property owner's age and citizenship.

Competitive Environment and Supply Outlook

The broader Kallang–Whampoa precinct contains several adjacent HDB estates, including notable developments that compete directly for the same buyer and tenant pools. The supply of compact, centrally located HDB units in this district remains relatively stable, with new resales continuously entering the market as earlier cohorts of residents upgrade or relocate. This established inventory provides prospective purchasers with meaningful choice, enabling them to compare pricing, unit layouts, and individual property conditions across the estate.

Future supply in the district will be shaped by HDB's broader Build-to-Order programme and any planned rejuvenation initiatives targeting ageing estates. The completion of major infrastructure projects—such as new transport links or commercial developments in nearby precincts—could meaningfully shift the demand profile for properties at 9 Saint George's Road. Investors should remain attuned to any announcements concerning district-level planning or infrastructure, as such developments can either enhance or moderate capital appreciation prospects.

Practical Unit Selection and Floor Premium Considerations

Within the development, unit positioning and floor level exert subtle but measurable influences on pricing and desirability. Units on higher floors typically command modest premiums, reflecting tenant and owner preferences for reduced noise exposure and improved sightlines. Ground-floor and first-floor units occasionally trade at slight discounts, though they offer advantages such as easier access for elderly residents or those with mobility constraints, and reduced reliance on lift availability.

Corner units and those with larger windows or dual-aspect configurations typically attract incremental interest and price premiums relative to standard mid-stack units. For investors, however, the yield differential between premium and standard units often does not justify the additional capital outlay, as rental demand is primarily driven by location, transport proximity, and affordability rather than unit-specific aesthetics. Savvy investors often identify slightly less visually appealing units that rent equally well, thereby capturing superior rental yield relative to purchase price.

Conclusion: A Practical Entry Point in Central Singapore

9 Saint George's Road delivers practical, affordable housing in one of Singapore's most established and accessible precincts. Whether serving first-time buyers embarking on property ownership, upgraders seeking central location convenience, or investors targeting the rental market, the development's proximity to Boon Keng MRT and comprehensive neighbourhood amenities ensure its continued relevance in the Singapore housing market. Prospective purchasers should carefully evaluate lease tenure, financing implications including ABSD for second purchases, and longer-term capital appreciation prospects. In doing so, they will find a development that balances accessibility, affordability, and solid investment fundamentals.

Frequently Asked Questions

What rental yield can investors reasonably expect from units at 9 Saint George's Road?

Rental yields for compact HDB units in the Kallang–Whampoa district typically range between 3% and 4% gross annually, depending on the specific unit price and prevailing market rental rates. The proximity to Boon Keng MRT station creates strong tenant demand, as young professionals and relocating expatriates prioritise MRT accessibility in their housing searches. However, investors should model rental income conservatively, factoring in potential vacancy periods, maintenance costs, and property tax, to establish realistic net yield expectations before proceeding with purchase.

How does pricing per square foot at this development compare to recent transactions in the Kallang–Whampoa area?

Compact HDB units in the Kallang–Whampoa district typically trade at price-per-square-foot levels ranging from S$8,000 to S$10,000, reflecting their mature estate status, central MRT access, and established neighbourhood amenities. Recent comparable transactions in adjacent estates suggest that 9 Saint George's Road maintains pricing broadly aligned with district averages for its unit type and configuration. Buyers should compare multiple recent sales at the development and nearby blocks to validate pricing relative to current market conditions, as secondary market transactions are recorded with a lag and price movements can be volatile across the HDB market.

What is the Additional Buyer's Stamp Duty impact for Singapore Citizens purchasing a second residential property at this development?

Singapore Citizens purchasing a second residential property incur Additional Buyer's Stamp Duty (ABSD) at 20% of the purchase price, effective immediately upon completion of the transaction. For a property purchased at S$500,000, this duty totals S$100,000, materially increasing the total cost of acquisition. First-time homebuyers and first-time HDB purchasers are exempt from ABSD, but subsequent residential property acquisitions trigger this liability. Buyers should factor ABSD into their total cost calculations and ensure their financing and liquidity plans accommodate this significant additional expense.

How does lease decay affect resale value and investor exit timelines for properties in this development?

HDB leases at 9 Saint George's Road are granted for 99 or 999 years from first issue; units with 99-year tenure will progressively experience lease decay that accelerates resale value decline as the remaining lease approaches the 60-year threshold. Properties with leases below 60 years encounter financing constraints, as HDB rules restrict loan tenure and lenders impose tighter lending criteria. For investors, a holding period of 7–10 years typically permits exit before lease decay becomes a dominant value driver; however, longer-term holds risk encountering a narrowing buyer pool and declining capital value. Buyers should verify the exact lease remaining on any unit under consideration and model potential lease-related value erosion into their investment horizon.

How does proximity to Boon Keng MRT station influence capital appreciation and tenant demand at this location?

MRT proximity is a primary value driver in Singapore's HDB market, and the five-minute walk to Boon Keng station substantially elevates both tenant demand and long-term capital appreciation potential relative to more peripheral estates. The North-East Line provides direct access to central business districts, major shopping centres, and educational hubs, making the development attractive to young professionals, students, and commuters seeking efficient transport links. This consistent demand supports both rental yield stability and moderate capital appreciation, though appreciation will lag developments in emerging or rapidly gentrifying precincts. Future MRT line extensions or upgrades in the district would further enhance appreciation prospects, whilst any disruptions to service would exert downward pressure on property values.

Which buyer profiles—first-timers, upgraders, investors, or high-net-worth individuals—find 9 Saint George's Road most suitable?

First-time buyers and upgraders seeking affordable, centrally located housing represent the primary target profiles for 9 Saint George's Road. The modest absolute purchase price facilitates financing approval for young couples and individual buyers with moderate incomes, whilst the MRT proximity appeals to upgraders unwilling to sacrifice location convenience despite accepting smaller unit sizes. Property investors also find the development attractive due to rental demand linked to its central location and MRT access, though the absolute capital required remains accessible relative to private residential projects. High-net-worth individuals rarely target such compact HDB units, as their purchasing preferences typically favour larger private residential properties or commercial investments.

What TDSR headroom and financing capacity typically apply at this development's price points?

HDB purchase loans are subject to a Total Debt Service Ratio (TDSR) ceiling of 55%, meaning monthly debt servicing obligations cannot exceed 55% of gross household income. At typical purchase prices for 9 Saint George's Road units—broadly in the S$400,000 to S$600,000 range—most first-time buyers with household incomes above S$80,000 annually will comfortably meet TDSR requirements and secure 80–90% financing from HDB or participating banks. Buyers should obtain pre-approval from their chosen lender and verify TDSR headroom before making an offer, ensuring they remain within prudent borrowing limits and retain financial flexibility for maintenance, renovations, and life contingencies. Second-time or subsequent property buyers may face tighter TDSR calculation if they carry existing property or personal loans.

What competing HDB developments nearby offer similar accessibility and pricing, and how does 9 Saint George's Road compare?

The Kallang–Whampoa precinct contains several adjacent HDB estates, including blocks in the broader Boon Keng area and neighbouring Tanjong Rhu that similarly benefit from MRT access. Comparable estates in the immediate vicinity typically offer comparable pricing per square foot and similar rental yield potential, though specific block positioning, unit orientation, and individual property condition variations can produce meaningful price differentials. Prospective buyers should compare recent transaction prices, available unit inventory, and tenant feedback across multiple nearby estates to validate pricing at 9 Saint George's Road and identify any cost-to-value advantages. The mature, established character of the neighbourhood generally supports stable pricing relative to newer developments in emerging precincts.

Are certain unit stack levels or floor positions within the development preferred by buyers and investors, and why?

Higher-floor units typically command modest premiums reflecting buyer and tenant preferences for reduced noise exposure, improved sightlines, and enhanced privacy relative to lower floors. Mid-stack units (floors 5–15 in typical HDB blocks) represent an equilibrium point, offering acceptable floor premiums without the most inflated pricing attached to top floors. Ground and lower-floor units occasionally trade at slight discounts but offer accessibility advantages for elderly residents, greater ease of access during lift maintenance, and reduced reliance on mechanised systems. For investors prioritising rental yield relative to capital outlay, mid-stack standard units often represent optimal value, as tenant demand is primarily driven by location and MRT proximity rather than specific floor positioning or aspect.

What future supply pipeline or district-level developments might influence the investment outlook for properties at this location?

The supply of compact HDB units in Kallang–Whampoa is relatively mature and stable, with new supply primarily driven by resales and HDB's Build-to-Order programme in other precincts. However, district-level initiatives such as infrastructure upgrades, commercial development in adjacent precincts, or rejuvenation programmes targeting ageing estates could materially shift demand and capital appreciation profiles. Investors should monitor announcements from HDB, the Urban Redevelopment Authority, and relevant town councils regarding any planned district improvements or infrastructure projects. Major initiatives such as new transport links, commercial centres, or educational facilities could enhance long-term appreciation potential, whilst proposals for major HDB redevelopment in the immediate area could fragment the existing community and temporarily suppress property values.

What are the typical HDB lease tenure options at 9 Saint George's Road, and do differences between 99-year and 999-year leases affect purchase decisions?

HDB units are granted either 99-year or 999-year leases from the date of first issue; 9 Saint George's Road contains units under both tenure categories. The 999-year lease presents minimal practical difference from freehold ownership during the holding periods typical for most residential buyers, as the lease will remain far beyond any individual owner's lifetime. The 99-year lease, however, introduces lease-decay considerations as the remaining years approach 60; at that point, financing constraints and value erosion become material factors. Buyers acquiring units with remaining leases substantially above the 60-year mark will experience minimal practical lease-related constraints during their ownership period. First-time buyers should verify the exact lease tenure and remaining years for any unit under consideration and prioritise longer-lease properties if long-term holding is contemplated.

[For Rent] Hdb Flat At Saint George's Road — From S$1,499