Summary of HDB and private property prices in Woodlands
Median HDB resale prices
Prices for 3 and 4-room HDB flats in Woodlands have held up very well, holding firm at $265,000 to $270,000 for 3-room units and about $330,000 for 4-room flats. However, prices for 5-room flats have inched down 1.5 percent year-on-year (y-o-y) to $408,400 in Q2 2018.
Median HDB rents
Since Q1 2017, there has been very little movement in median rents for all types of HDB flats in the area.
Median private property prices
Median private property prices have been declining. In Q2 2018, median prices fell 27.6 percent y-o-y to $740 psf.
Median private property rents
Monthly median rent for private properties in Woodlands is also declining, falling from a high of $2.54 psf in Q2 2017 to $2.39 psf in Q2 2018.
Get the Guru View
Woodlands is truly a hidden gem in Singapore, but the cat may be let out of the bag soon. Woodlands is slated to be a regional centre so we can expect to see more commercial and industrial developments as well as better MRT and road connectivity.
While property prices are still affordable here, they may not remain so for long as development of the neighbourhood ramp ups. The savvy investor will do well to keep this neighbourhood in their sight.