Median HDB resale prices in Ang Mo Kio
HDB flats in Ang Mo Kio have generally become more affordable, especially for 3- and 4-room units. In Q1 2019, the median price of 3- and 4-room flats slipped by 3.04 percent and 3.21 percent year-on-year to $271,500 and $406,500 respectively.
Median HDB rents in Ang Mo Kio
Rents of 3-room HDB flats in Ang Mo Kio have remained flat while there have been little movements for the 4- and 5-room flats. Since Q3 2017, the median rent for 3-room HDB flats in Ang Mo Kio has held firm at $1,700 per month.
The median price for private property in Ang Mo Kio has seen a rapid increase from around $1,278 psf in 2017 before surging to $1,658 psf in Q3 2018.
Median rent for private properties in Ang Mo Kio was about $2.91 psf per month in 2018 but showed a gradual increase to $3.01 psf per month in Q1 2019.
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Ang Mo Kio is a mature estate where amenities are aplenty. Realising that it is one of the oldest estates in Singapore, the government has made a concerted effort to rejuvenate it by adding two new housing precincts at Lentor and Kebun Baru. In addition, there will be four new MRT stations coming up for the convenience of commuters, namely the Lentor and Mayflower MRT stations on the Thomson-East Coast Line as well as Bright Hill and Teck Ghee MRT stations on the Cross Island Line. These new infrastructure projects, together with the development of the North-South Corridor and upgrading of Ang Mo Kio MRT station to an interchange station with the Cross Island Line, may give residents a significant boost in their property values.