Summary of HDB and private property prices in Sembawang
Median HDB resale prices in Sembawang
Note: * indicates cases where are less than 20 resale transactions in the quarter for the particular town and flat type. The median prices of these cases are not shown as they may not be representative.
– indicates cases where there are no resale transactions in the quarter for the particular town and flat type.
HDB flats in Sembawang have generally become more affordable across the board. In Q4 2018, the median price of 5-room flats slipped 6.0 percent year-on-year to $382,000.
Median HDB rents in Sembawang
Note: * indicates cases where are less than 20 rental transactions in the quarter for the particular town and flat type. The median rental of these cases is not shown as they may not be representative.
– indicates cases where there are no resale transactions in the quarter for the particular town and flat type.
Rents of HDB flats in Sembawang have remained fairly flat. Since Q3 2018, the median rent for 4-room HDB flats in Sembawang has held firm at $1,750 per month.
Source: URA Realis, PropertyGuru
The median price for private property in Sembawang hovered around $900 psf in 2018 before rising to $941 psf in Q1 2019.
Source: URA Realis, PropertyGuru
Median rent for private properties in Sembawang was about $2.40 psf per month in 2018 but showed a gradual increase to $2.50 psf per month in Q1 2019.
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With so many exciting projects planned for Sembawang, prices of residential properties in the area are expected to climb upwards over the next few years. Young couples, especially if they plan to work in the healthcare, hotel, tourism and food sectors, should definitely consider buying a home in Sembawang. This, together with the opening of Canberra MRT station and the NCS will provide a much-needed property boost for homes here while enhancing accessibility.
Can you afford a property in Sembawang? Check your affordability now. Alternately, refer to our handy buying guides.
