724 Clementi West Street 2: Flat Types and Facilities Guide
724 Clementi West Street 2 is a mature HDB development in Clementi featuring 5-room flats designed for families and investors seeking established residential living in Singapore's West Region.[1][4] This 25-storey block, completed in 1980 and built in 1981, comprises 96 units of spacious 5-room (5I model) flats, making it one of the more substantial developments in the Clementi West Street 2 precinct.[1][4]
Understanding the flat types, unit specifications, and available facilities is essential for buyers and investors evaluating whether 724 Clementi West Street 2 aligns with their property goals. Homejourney prioritizes transparency and verification to ensure you have accurate, trustworthy information for your property decision.
Understanding the Flat Types at 724 Clementi West Street 2
5-Room (5I Model) Flats: The Primary Offering
724 Clementi West Street 2 exclusively offers 5-room HDB flats in the 5I model configuration.[4] These units are designed for larger families or buyers seeking spacious living arrangements. Each 5-room flat typically includes three bedrooms, two bathrooms, a living-dining area, a kitchen, and a utility space—providing approximately 1,302 square feet of living area.[2]
The 5I model represents one of HDB's most popular configurations for families with multiple children or those requiring dedicated home office spaces. The layout offers flexibility for various lifestyle needs, from young families to multi-generational households.
Unit Specifications and Floor Plans
All units at 724 Clementi West Street 2 follow the standardized 5I floor plan, with floor areas of approximately 1,302 square feet (approximately 118 square metres).[2][3] This consistency across the block means that unit selection primarily depends on storey preference and orientation rather than varying floor plans.
The block contains 25 storeys with units distributed across multiple levels, offering buyers choice in terms of height preference. Lower storeys (typically floors 1-6) may appeal to families with young children or elderly residents due to easier access and lower lift waiting times. Mid-level storeys (floors 7-15) are often preferred for natural light and ventilation while maintaining reasonable lift accessibility. Higher storeys (floors 16-25) command premium pricing due to enhanced views, better ventilation, and reduced noise from street level.[3]
Facilities and Amenities at 724 Clementi West Street 2
Within the Block
As a mature HDB development completed in 1980, 724 Clementi West Street 2 features standard HDB facilities typical of blocks from this era. These typically include common areas, void decks (ground-floor open spaces), and basic maintenance infrastructure. The void deck serves as a community gathering space and provides weather protection for residents.
The block is part of the larger Clementi West Street 2 precinct, which comprises 21 blocks (705-731) creating a substantial residential community with shared facilities and common spaces throughout the neighbourhood.
Neighbourhood Amenities and Facilities
Clementi is a mature HDB town with comprehensive facilities developed over decades. Residents of 724 Clementi West Street 2 benefit from proximity to several key amenities:[4]
- Supermarkets: Sheng Siong Supermarket, Cold Storage (multiple locations) provide convenient grocery shopping
- Shopping Malls: West Coast Plaza and 321 Clementi offer retail, dining, and entertainment options
- Parks: Clementi Woods Park (12 hectares) provides green space for recreation and family activities
- Sports Facilities: Clementi Sports Hall and Clementi Swimming Complex cater to fitness and aquatic activities
- Education: Clementi is home to the National University of Singapore and multiple schools, making it ideal for families
- Transport Hub: Clementi Town Centre features an air-conditioned bus interchange and public library
MRT Connectivity and Transport
The nearest MRT station is West Coast MRT, providing convenient access to Singapore's rail network.[2] This connectivity is crucial for daily commuting and accessing other parts of Singapore. The mature transport infrastructure in Clementi means multiple bus services also serve the area, offering flexibility for residents.
Market Pricing and Value Assessment
Recent Transaction Data
Based on recent transaction data, 724 Clementi West Street 2 units are priced in the range of S$660,000 to S$738,000, translating to approximately S$598 to S$700 per square foot (PSF).[1][2][4] Recent transactions recorded in 2024-2025 show prices around S$621-660 PSF, reflecting the mature nature of the development and Clementi's established market position.[3][4]
For investors, rental yields are also relevant. Recent rental data indicates monthly rents ranging from S$2,270 to S$4,250 PSF, depending on unit condition and location within the block.[4] A typical 5-room unit renting for S$3,700-4,200 monthly (as recorded in 2024-2025) represents a gross rental yield of approximately 5-6% annually, making it attractive for yield-focused investors.
Lease Remaining and Depreciation Considerations
As a 99-year leasehold property with lease commencement in 1981, units at 724 Clementi West Street 2 currently have approximately 56 years of lease remaining (as of 2026).[1][5] This is an important consideration for buyers, as HDB flats with lease periods below 30 years become increasingly difficult to finance and may experience accelerated depreciation.
Buyers should factor in potential lease decay into their valuation models. Properties with 50+ years remaining are generally considered stable for investment purposes, but the approaching mid-century mark means lease extension or future lease buyback policies may become relevant considerations within the next 10-15 years.
Why Choose 724 Clementi West Street 2: Key Advantages
Established Neighbourhood Character
Clementi is one of Singapore's oldest and most established HDB towns, offering mature neighbourhood infrastructure, established community networks, and proven residential stability. This maturity translates to reliable amenities, well-developed transport connections, and stable property values.
Spacious Family-Oriented Units
The exclusive 5-room configuration makes 724 Clementi West Street 2 ideal for families seeking space without the premium prices of newer developments. The 1,302 square feet floor area provides comfortable living for families with multiple children or those requiring home office space.
Balanced Pricing
Positioned between newer launch developments and older blocks, 724 Clementi West Street 2 offers reasonable pricing at approximately S$600-700 PSF—accessible for first-time buyers and investors while maintaining solid rental yield potential.
Investment Considerations for 724 Clementi West Street 2
Rental Demand and Tenant Profile
The 5-room configuration attracts families and multi-generational households, creating stable rental demand. Clementi's proximity to educational institutions and established neighbourhoods makes it attractive to expatriate families and local upgraders seeking spacious accommodation.
Capital Appreciation Prospects
While mature HDB blocks typically appreciate more modestly than new launches, 724 Clementi West Street 2 benefits from Clementi's established status and limited new HDB supply in the area. Historical data suggests steady, if modest, appreciation for well-maintained units in prime locations within the block.
Maintenance and Upgrading
As a 45-year-old development, maintenance costs are an important consideration. Homeowners should budget for potential SERS (Selective En-bloc Redevelopment Scheme) upgrades, lift maintenance, and periodic flat renovations. Regular property maintenance is essential to preserve value and rental appeal.
Financing Your Purchase at 724 Clementi West Street 2
HDB Loan Eligibility
HDB provides concessional loans for Singapore citizens purchasing their first or second property. The current HDB loan interest rate is approximately 2.6% per annum (as of 2026), significantly lower than bank financing options. Eligibility depends on citizenship, income limits, and property value thresholds.
Bank Financing Options
For buyers exceeding HDB loan limits or seeking alternative financing, banks offer competitive mortgage rates. Current bank rates for HDB mortgages typically range from 3.0-3.5% per annum, depending on your credit profile and loan tenure. Homejourney's Bank Rates page provides current financing options from Singapore's major banks.
CPF Usage for HDB Purchase
Singapore citizens can utilize CPF Ordinary Account (OA) funds for HDB purchases, covering both down payment and mortgage payments. Current CPF withdrawal limits allow up to 100% of the purchase price (subject to maximum withdrawal amounts), making CPF a crucial financing component for most HDB buyers. Ensure you understand CPF usage rules and plan accordingly.
Comparison with Nearby Developments
724 Clementi West Street 2 is part of the larger Clementi West Street 2 precinct comprising 21 blocks (705-731).[2] Neighbouring blocks offer similar 5-room configurations with comparable pricing. The main differentiators between blocks are storey height, unit orientation, and minor variations in condition and renovation status.
For detailed market analysis of 724 Clementi West Street 2 and broader Clementi property trends, refer to our comprehensive 724 Clementi West Street 2 HDB Price Trends: 2026 Market Analysis which provides detailed price trend analysis and market forecasting.
Frequently Asked Questions About 724 Clementi West Street 2
What flat types are available at 724 Clementi West Street 2?
724 Clementi West Street 2 exclusively offers 5-room (5I model) HDB flats with approximately 1,302 square feet of living space. All units follow the same floor plan configuration, with selection based primarily on storey level and orientation preferences.
How many units are in 724 Clementi West Street 2?
The block contains 96 units distributed across 25 storeys, providing diverse storey options for buyers with different preferences regarding height, views, and accessibility.
What is the current price range for units at 724 Clementi West Street 2?
Recent transaction data shows prices ranging from S$660,000 to S$738,000 (approximately S$598-700 PSF). Exact pricing depends on unit condition, storey level, orientation, and current market conditions. For the latest available listings, visit Homejourney's Property Search to explore current market offerings.
How much lease remains on 724 Clementi West Street 2 units?
With lease commencement in 1981 and a 99-year tenure, units currently have approximately 56 years of lease remaining (as of 2026). This is sufficient for financing and investment purposes, though buyers should consider potential lease extension policies in the future.
What are the rental yields for 724 Clementi West Street 2?
Recent rental data indicates monthly rents of S$3,700-4,200 for 5-room units, representing gross rental yields of approximately 5-6% annually. Actual yields depend on unit condition, tenant profile, and rental market conditions.
Is 724 Clementi West Street 2 suitable for first-time buyers?
Yes, the spacious 5-room configuration and reasonable pricing (S$600-700 PSF) make it accessible for first-time buyers seeking larger units. However, buyers should factor in the 45-year age of the development and potential future maintenance costs. Homejourney recommends consulting with a property agent to assess specific unit conditions before purchase.
Next Steps: Making Your Decision
If 724 Clementi West Street 2 interests you, consider these action steps:
- Verify Current Listings: Use Homejourney's Property Search to explore available units, compare prices, and review current market inventory.
- Assess Financing Options: Check Bank Rates to compare mortgage options and understand your financing capacity.
- Evaluate Unit Conditions: Schedule viewings of multiple units across different storeys to assess condition, orientation, and suitability.
- Understand Costs: Factor in stamp duties, legal fees, and potential renovation costs when calculating total purchase expense.
- Plan Maintenance: For investor buyers, budget for potential maintenance and Aircon Services and other essential property upkeep.
