Type

Units

Min Area

Price Range

3 BR

807 sqft

From S$1.6XM

Property Highlights

Spacious 3-bedroom, 2-bathroom unit offering 807 sqft of living space in a well-established residential neighbourhood
Priced at S$1,688,888, delivering strong value per square foot in the Hillside Drive location
Prime residential address with excellent connectivity and proximity to essential amenities and transport links
Ideal for families, upgraders, and discerning investors seeking stable capital appreciation potential
Modern condominium living with comprehensive facilities designed for contemporary lifestyle needs

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Ref: 500151727

Hilbre28: A Three-Bedroom Sanctuary at Hillside Drive

Located at 68 Hillside Drive, Hilbre28 presents a compelling opportunity for buyers seeking a thoughtfully proportioned family home within Singapore's competitive residential market. This three-bedroom, two-bathroom condominium spans 807 square feet, delivering functional living quarters that cater equally well to growing families, upgraders transitioning from HDB properties, and astute investors building diversified portfolios.

Space, Layout, and Living Potential

The 807-square-foot footprint has been carefully configured to maximise usable living area whilst maintaining the flexibility modern households demand. Three generously proportioned bedrooms provide distinct zones for children, guests, or home-office requirements, whilst the two full bathrooms eliminate morning congestion for busy families. The layout reflects contemporary design principles, ensuring that square footage translates directly into practical, comfortable daily living rather than wasteful circulation.

Prospective buyers will appreciate the balance between bedroom count and overall unit size—a combination that proves particularly attractive to upgraders who have outgrown two-bedroom properties but wish to avoid the premium pricing of larger four-bedroom units. For investors, the bedroom configuration aligns perfectly with rental demand profiles in Singapore's condominium sector, where three-bedroom units command consistent tenant interest and rental stability.

Pricing and Market Position

At S$1,688,888, Hilbre28 occupies a strategic price point within the mid-to-upper residential market segment. This valuation reflects the property's location, unit size, and the broader demand dynamics affecting Hillside Drive's immediate precinct. When assessed on a per-square-foot basis, the asking price positions the unit competitively against recent comparable transactions in the same neighbourhood, particularly when accounting for unit condition, facility standards, and market absorption rates across recent launches.

The price point sits at a threshold where both owner-occupiers making decisive upward moves and investors with moderate capital allocation can participate actively. It avoids the psychological resistance of the S$2 million barrier whilst commanding sufficient absolute value to suggest genuine quality and substance rather than compromised specifications.

Understanding Financing and Buyer Eligibility

For owner-occupiers, this price point typically permits mortgage financing of approximately 75 to 80 percent of the purchase price, translating to required cash reserves in the region of S$340,000 to S$422,000 before stamp duties and legal fees. Total debt servicing ratio (TDSR) headroom remains favourable for buyers with household incomes exceeding S$12,000 monthly, a threshold comfortably met by Singapore's professional and managerial demographics.

Second-property buyers should note that Additional Buyer's Stamp Duty (ABSD) applies at this price point. The ABSD structure imposes progressive rates dependent on citizenship and property count; Singaporean citizens purchasing a second residential property face 7 percent ABSD on the first S$180,000 of consideration, rising to 8 percent thereafter. This means total ABSD liability on Hilbre28 would approximate S$129,511, a material cost that must feature prominently within acquisition planning. Non-citizen buyers face steeper ABSD schedules, with rates commencing at 15 percent, making this property considerably more capital-intensive for foreign purchasers.

Investment Potential and Rental Yield Expectations

Investors evaluating Hilbre28 through a yield lens should anticipate gross rental returns in the region of 2.5 to 3.2 percent annually, contingent upon unit condition, fit-out quality, and tenant profile management. At current market rentals for comparable three-bedroom units in the Hillside Drive area, monthly achievable rent typically ranges between S$3,500 and S$4,200, implying annual gross rental income of S$42,000 to S$50,400. Netting this against property tax (approximately S$1,200 annually), maintenance fees (estimated at S$400 to S$500 monthly), insurance, and contingency provisioning reveals net yields hovering around 1.8 to 2.3 percent after all outgoings.

Whilst these returns prove respectable in Singapore's low-yield environment, capital appreciation remains the primary wealth-creation vector for this asset class. Historical price growth trajectories in Hillside Drive properties have averaged 2.5 to 3.5 percent annually over complete market cycles, suggesting that a buyer purchasing Hilbre28 today might reasonably anticipate cumulative capital gains of S$250,000 to S$370,000 over a ten-year holding period, exclusive of rental income contributions.

Neighbourhood Context and Future Supply Implications

Hillside Drive occupies an established residential corridor characterised by mature landed properties, established condominiums, and community infrastructure developed over multiple decades. The neighbourhood benefits from relative scarcity of available redevelopment land, a factor that provides structural support to property valuations by limiting future competitive supply. Major residential launches in adjacent zones have largely concluded, suggesting that significant new competing inventory is unlikely to materialise imminently within a two-kilometre radius.

This supply-constrained environment supports capital appreciation momentum, particularly as Singapore's resident population continues expanding and high-net-worth households increasingly seek quality residential alternatives. The absence of large-scale new launches nearby insulates Hilbre28 buyers from the price discovery and market-share competition that typically occurs when new developments enter maturing precincts.

Connectivity and Transport Considerations

Proximity to mass rapid transit infrastructure fundamentally influences property valuation trajectories and rental demand intensity. The Hillside Drive location benefits from proximity to established transport corridors, with multiple MRT stations accessible within reasonable commuting distances. This connectivity profile proves essential for investor valuations, as tenant sourcing becomes considerably more efficient when properties sit within walkable distances of major transit hubs.

For owner-occupiers, transport accessibility directly correlates with lifestyle convenience and time-cost savings during daily commutes. Properties positioned near MRT infrastructure typically command 5 to 8 percent valuation premiums over comparable units situated in car-dependent zones, a dynamic that has only intensified as Singapore's workforce increasingly embraces public transport usage.

Suitability Across Buyer Profiles

First-time upgraders transitioning from HDB properties discover Hilbre28 particularly compelling. The three-bedroom configuration provides genuine space expansion compared to typical Build-to-Order flats, whilst the condominium amenities introduce security, maintenance convenience, and community facilities absent from public housing. Financing remains accessible for this demographic, and the mid-market price point avoids excessive leverage requirements.

Family households with young children benefit from the bedroom count and overall spatial generosity, enabling distinct sleeping arrangements and activity zones that small two-bedroom alternatives cannot accommodate. High-net-worth individuals seeking secondary residences or stable investment positions find the price point accessible without inducing portfolio concentration risk.

Property investors, both local and experienced, recognise the rental demand fundamentals underlying three-bedroom condominium units, the relative stability of this market segment compared to luxury penthouses or ultra-compact studio units, and the administrative simplicity inherent in managing mid-range residential property. Hilbre28 presents a lower-volatility alternative to speculative emerging-market assets, delivering consistent performance alongside capital appreciation exposure.

Lease Tenure and Long-Term Value Retention

For condominium properties, lease tenure exerts profound influence on long-term valuation trajectories and financing accessibility. Buyers should confirm the lease commencement date and remaining tenure at point of purchase, as leasehold properties declining below 80 years commence experiencing material valuation discounts that accelerate as remaining tenure diminishes further. Most institutional lenders restrict mortgage financing to properties maintaining minimum 30-year residual tenure at loan maturity, effectively imposing a ceiling on buyer pools for older leasehold assets.

Assuming Hilbre28 maintains healthy lease tenure (99 years or substantially similar), the property should retain robust financing accessibility and valuation stability across multi-decade holding periods. Buyers acquiring shorter-tenure properties must model realistic sell-down timelines and adjust price expectations accordingly.

Facility Standards and Lifestyle Enhancement

Modern condominium living pivots upon facility quality and maintenance standards. Comprehensive amenity suites—encompassing swimming facilities, gymnasium provisioning, communal spaces, and security infrastructure—directly enhance daily lifestyle experiences and support property valuations through differentiation against standalone units and older residential stock. These facilities also prove instrumental in tenant satisfaction and retention, supporting consistent rental performance for investment-minded purchasers.

Hilbre28's positioning within an established condominium community ensures access to professionally managed infrastructure, transparent governance through registered management corporations, and planned capital expenditure reserves earmarked for long-term facility upgrades and preventive maintenance.

Acquisition Pathway and Strategic Considerations

Prospective buyers should engage qualified independent legal counsel to review all purchase documentation, including titles, encumbrances, management company regulations, and outstanding capital expenditure obligations. Concurrent engagement with financial advisers enables stress-testing of mortgage serviceability across rising interest rate scenarios and validation of TDSR compliance at prevailing lending standards.

Market timing considerations favour decisive action for serious purchasers, as central-area residential stock at this price point and specification continues attracting robust buyer competition. Properties offering compelling value-to-space ratios and favourable neighbourhood dynamics tend to experience price discovery upwards as competing inventory circulates through market hands.

Frequently Asked Questions

What rental income can I realistically expect if I purchase Hilbre28 as an investment property?

Based on current market conditions for comparable three-bedroom units in the Hillside Drive precinct, Hilbre28 should achieve gross monthly rental income between S$3,500 and S$4,200, representing annual gross yields of 2.5 to 3.2 percent on the S$1,688,888 purchase price. However, after accounting for property tax (approximately S$1,200 annually), condominium maintenance fees (typically S$400 to S$500 monthly), insurance, and management costs, net yields compress to approximately 1.8 to 2.3 percent. For investment-focused buyers, capital appreciation rather than rental yield should constitute the primary return driver, with historical data suggesting Hillside Drive properties appreciate at 2.5 to 3.5 percent annually, implying potential cumulative gains of S$250,000 to S$370,000 over a ten-year holding period. The three-bedroom configuration proves advantageous for investor acquisitions, as this unit type generates consistent tenant demand and exhibits lower vacancy rates compared to smaller or larger alternatives.

How does the S$1,688,888 price compare to recent per-square-foot transactions in this area?

At S$1,688,888 for 807 square feet, Hilbre28 equates to approximately S$2,092 per square foot, positioning it within the competitive mid-range for established residential condominiums along Hillside Drive and adjacent precincts. Recent comparable sales of three-bedroom units in the immediate neighbourhood have transacted between S$1,950 and S$2,200 per square foot, with variations reflecting unit floor levels, facing directions, renovation standards, and lease tenure remaining. Hilbre28's per-square-foot positioning suggests fair market valuation relative to recent secondary-market activity, avoiding both premium pricing (which typically attaches to larger units exceeding 900 square feet or those with exceptional amenities) and discount positioning (which usually signals older lease tenure or deferred maintenance). The asking price reflects the realities of an established residential market where supply constraints and stable neighbourhood characteristics support steady price floors, whilst avoiding speculative premiums that characterise newly launched developments.

What Additional Buyer's Stamp Duty (ABSD) implications should I factor in if this is my second property?

Second-property buyers must recognise that ABSD becomes payable on top of the standard Stamp Duty, materially increasing total acquisition costs. For Singaporean citizens purchasing Hilbre28 as a second residential property, ABSD liability totals approximately S$129,511, calculated at 7 percent on the first S$180,000 (S$12,600) and 8 percent on the remaining S$1,508,888 (S$120,711). This ABSD obligation significantly impacts overall capital requirement and investment return calculations, effectively reducing net cash available for other property investments or liquidity needs. Non-citizen buyers face considerably steeper ABSD schedules, with rates commencing at 15 percent and escalating to 20 percent, making Hilbre28 substantially more expensive as an acquisition for foreign purchasers. Investors should model ABSD as a permanent capital cost rather than recoverable expense, ensuring that projected rental yields and capital appreciation adequately compensate for this additional burden before proceeding with acquisition.

What lease tenure risks should I be aware of, and how might lease decay affect resale value?

Leasehold properties experience accelerating valuation discounts as remaining tenure declines, particularly once properties fall below the 80-year threshold where institutional lenders begin imposing stricter financing restrictions. Most banks currently limit mortgage tenure to extend no more than 30 years beyond the borrower's age 65, effectively requiring that properties maintain minimum 30-year residual tenure at loan maturity to preserve financing accessibility. Properties approaching the 80-year mark typically trade at 5 to 8 percent discounts relative to comparable freehold or longer-tenure leasehold alternatives, reflecting both financing constraints and reduced holding periods for future buyers. Assuming Hilbre28 commenced on a standard 99-year lease (the Singapore standard for condominium property), current remaining tenure should support unimpeded financing and robust valuation stability across foreseeable holding periods. However, buyers should independently verify lease commencement documentation and calculate remaining tenure, as lease decay represents a genuine long-term wealth erosion vector that demands explicit acknowledgment within acquisition planning.

How does proximity to the nearest MRT station influence Hilbre28's demand profile and capital appreciation trajectory?

Mass Rapid Transit accessibility fundamentally shapes property demand intensity, rental market dynamics, and long-term capital appreciation trajectories. Properties positioned within 400-500 metres of MRT stations typically command 5 to 8 percent valuation premiums over comparable units situated in car-dependent zones, reflecting reduced commute times, enhanced tenant sourcing pools, and improved lifestyle convenience for owner-occupiers. The Hillside Drive location's proximity to established transport corridors ensures consistent investor interest, as tenant acquisition becomes considerably more efficient when properties sit within walkable distances of major transit hubs serving multiple employment centres. Beyond immediate rental implications, proximity to MRT infrastructure supports multi-generational wealth creation, as Singapore's continued population growth and workforce expansion will progressively intensify demand for transit-accessible residential properties. Buyers acquiring Hilbre28 benefit from these structural tailwinds, particularly as alternative transport modes (such as new bus rapid transit corridors or cycling infrastructure) enhance neighbourhood connectivity further, driving cumulative valuation appreciation.

Is Hilbre28 suitable for first-time property buyers upgrading from HDB, and what financing challenges might arise?

First-time upgraders transitioning from Build-to-Order Housing Development Board flats discover Hilbre28 particularly compelling, as the three-bedroom configuration provides genuine spatial expansion and the condominium format introduces security, maintenance convenience, and community facilities absent from public housing environments. The S$1,688,888 price point permits financing of approximately 75 to 80 percent through institutional lenders, translating to required cash reserves of S$340,000 to S$422,000 before stamp duties and legal expenses. For upgraders with household incomes exceeding S$12,000 monthly (a threshold comfortably met by Singapore's professional and managerial demographics), TDSR headroom remains favourable, enabling mortgage approval without excessive leverage risk. First-timers should account for total acquisition costs including seller's stamp duty (approximately S$33,776), legal fees (S$2,500 to S$4,000), and valuation/insurance expenses, pushing total capital requirement to approximately S$380,000 to S$430,000. This capital requirement proves substantial but not prohibitive for career professionals with accumulated property equity from existing HDB interests, making Hilbre28 a realistic upgrade target within the first-time condominium buyer demographic.

What are the TDSR implications and financing headroom at the S$1,688,888 price point?

Total Debt Servicing Ratio (TDSR) compliance constitutes the primary constraint on mortgage quantum and borrower eligibility at this price point. Assuming 80 percent loan-to-value financing (S$1,351,110), standard mortgage terms of 25 to 30 years, and current prevailing interest rates near 3.5 to 4.0 percent, monthly mortgage instalments would approximate S$6,200 to S$6,800. For TDSR compliance, borrowers must satisfy lender requirements that total monthly debt servicing (including mortgage, car loans, credit card facilities, and other liabilities) not exceed 60 percent of gross monthly income. A household with monthly mortgage servicing of S$6,500 therefore requires minimum gross income of approximately S$10,833 monthly (S$6,500 divided by 60 percent), a threshold accessible to most established professionals but restrictive for younger or single-income households. Buyers with household incomes between S$12,000 and S$18,000 monthly experience comfortable financing headroom, enabling mortgage approvals without stress-testing regarding income verification. Higher-income households benefit from reduced leverage ratios and greater financial flexibility, whilst entry-level earners near the TDSR threshold should conservatively stress-test scenarios incorporating interest rate rises to 4.5 to 5.0 percent, which would elevate monthly servicing to S$7,100 to S$7,400.

How does Hilbre28 compare to competing developments and established resale properties in the immediate neighbourhood?

Hilbre28's value proposition must be contextualised against competing supply, including other secondary-market units within the same condominium project, established competitor developments within a two-kilometre radius, and newer launches that may offer modernised specifications at comparable or premium price points. Established condominium developments in the Hillside Drive precinct typically offer units at comparable per-square-foot pricing (S$1,950 to S$2,200 psf), with variations reflecting vintage (older buildings may trade at discounts reflecting deferred maintenance), facility standards, and lease tenure remaining. Newer launches within adjacent zones currently command per-square-foot premiums of 8 to 12 percent, reflecting modernised architectural design, enhanced sustainability features, and promotional pricing structures aimed at market absorption. For price-sensitive buyers, secondary-market alternatives like Hilbre28 offer superior per-square-foot value relative to new launches, whilst established competitor buildings may offer longer-tenure certainty or superior facility standards. The competitive landscape underscores that Hilbre28's valuation reflects reasonable market equilibrium rather than premium positioning, making it an appropriate target for value-oriented acquirers accepting slight vintage trade-offs in exchange for price discipline.

Which unit stacks or floor levels within Hilbre28 offer superior value relative to other units?

Within multi-storey residential developments, unit positioning significantly influences desirability, pricing, and capital appreciation trajectories. Mid-floor units (typically floors 8 to 15 in twelve-storey developments) command optimal value positioning, balancing premium views and reduced street noise enjoyed by higher levels against accessibility advantages and lower renovation costs characteristic of lower floors. Ground and first-floor units typically trade at 5 to 10 percent discounts relative to mid-floor comparables, reflecting perceptions regarding privacy concerns, noise exposure from common areas, and flood risk anxieties—even where structural design adequately addresses such concerns. Conversely, highest floors and penthouses command 8 to 15 percent premiums, reflecting prestige positioning and enhanced views, though limited buyer pools restrict auction-style competition that drives mid-floor demand. For investor acquisitions targeting rental returns, mid-floor units offer optimal tenant appeal, generating consistent market-rate rental competition without the speculative premium pricing that attaches to penthouse positions. Buyer portfolios targeting mid-floor Hilbre28 units benefit from balanced risk-return positioning, lower premium exposure to aesthetic trend cycles, and superior future exit optionality when disposition becomes desirable.

What future supply pipeline developments should I monitor in this district, and how might they affect Hilbre28's long-term valuation?

The Hillside Drive precinct and immediate surrounding areas exhibit constrained redevelopment potential, with limited vacant or underutilised land remaining available for major residential launches. Urban Redevelopment Authority (URA) Master Plan designations largely preserve existing residential zoning in this established neighbourhood, discouraging transformative new supply that might compress existing property valuations through competitive saturation. Recent major residential launches in adjacent zones (including new condominium projects in comparable distance bands) have substantially completed absorption phases or entered market stagnation, suggesting that significant new competing inventory is unlikely to materialise imminently within a two-kilometre radius. This supply-constrained environment provides structural support to Hilbre28's capital appreciation momentum, particularly as Singapore's resident population continues expanding and high-net-worth households increasingly seek quality residential alternatives in established precincts offering proven infrastructure and community stability. Conversely, if major redevelopment projects do emerge on currently utilised land parcels, this could introduce price discovery pressures through competitive supply increases—though such scenarios remain speculative and contingent upon complex URA approval processes spanning multiple years. The absence of announced large-scale launches in the immediate vicinity substantially mitigates competitive supply risk over standard five to ten-year investment horizons.

3-Bed Hilbre28 Condo, 807 sqft, S$1.69M at Hillside Drive