RESIDENTIAL PROPERTY | Krisana Gallezo-Estaura, Singapore

10 cheapest places to buy HDB flats in Singapore

Median prices are below $400,000.

HDB resale flats remain attractive to buyers, with some of them willing to fork out higher sums for well-located flats.

Data from SRX show that volume of resale HDB is stable since April at over 1,800 units sold monthly. Resale prices meanwhile declined 0.6% month-on-month in June. Resale prices of 3-room and 5-room flats decreased by 0.7% and 0.8% respectively, while prices of 4-room flats stayed flat.

ERA Key Executive Officer Eugene Lim commented that buying demand is expected to remain resilient, as the price stability serves as a magnet to draw buyers.

Looking at ERA’s resale HDB transactions (which represents almost 50% of market share), transaction volume in Q2 has picked up quite significantly over Q1.

"This is a good indication that buyers are confident that the prices that they are paying is fair market value. High cash premium transactions remain the exception rather than the norm," he said.

According to Lim, prices are not likely to drop significantly, going by current market conditions.

Here are 10 areas where overall median prices of HDB flats are below $400,000

1. Ang Mo Kio - $340,000

2. Yishun - $355,000

3. Toa Payoh - $360,003

4. Jurong East - $368,000

5. Bedok - $370,000

5. Clementi -$370,000

7. Choa Chu Kang - $377,500

8. Hougang - $380,000

8. Woodlands - $380,000

10. Bukit Batok - $383,000

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