Whether you’re looking for a first home or to upgrade your current place, HDB resale flats are a great option to consider because they’re generally quite affordable. First-time buyers can benefit from generous CPF housing grants, and upgraders will find that resale flats are much cheaper than executive condominiums (ECs) and private condominiums in the same area.
Top 5 most viewed HDB resale flat projects (August 2020)
When shopping for HDB resale units, many home buyers start by looking for those with the longest lease. Given that the minimum occupation period (MOP) is five years, the longest remaining lease you can realistically expect is 93+ years.
From the ‘atas’ The Pinnacle @ Duxton to freshly MOP-ed projects and the newest (but now-discontinued) DBSS flats, here are the top fiver most popular HDB resale projects in August 2020.
1. The Pinnacle @ Duxton, Cantonment Road
Located off the Central Business District (CBD) and along Cantonment Road, The Pinnacle @ Duxton is perhaps one of the most famous HDB projects in Singapore. The 50-storey project has two bridges linking seven towers, with two 500m sky gardens that have drawn much media attention.
The cheapest 4-room unit sold this year cost a whopping $890,000, while the most expensive one was $1,186,888. For the bigger 5-room units, the most expensive one actually hit $1.23 million.
2. SkyVille and SkyTerrace Dawson Road
Quite a few HDB estates completed their 5-year minimum occupation period (MOP) earlier this year, including a bunch of flats in the super popular Dawson Road. Dawson Road is in the Queenstown area, with three MRT stations nearby (Queenstown, Redhill and Tiong Bahru MRT).
According to HDB’s resale price index (for the past 6 months), the cheapest 4-room Dawson Road flat sold at $726,000. Most of them transacted at $850,000 to $900,000 instead.
The 5-room units made headlines earlier this year too. There were two sold at $1.01 million and $1.038 million respectively.
3. Waterway Terraces I at Punggol Walk
Like the Dawson Road HDB flats, Waterway Terraces I reached MOP this year as well. Located at Punggol Walk, the project is less than five minutes away from Punggol MRT and Waterway Point.
Now, if by this point you’re tired of reading about million-dollar HDBs, don’t quit yet. The Waterway Terraces I project is way more affordable. Prices for 4-room resale units started at $445,000, which is half that of the above projects. Even the most expensive one was $590,000, which, although expensive, is in a much more affordable league.
4. Trivelis DBSS at Clementi Ave 4
In the past six months, there were 27 units sold at blocks 311A, 311B and 311C Clementi Avenue 4. These blocks are actually part of a DBSS project that reached MOP last year. In case you were unaware, DBSS stands for Design, Build and Sell Scheme, and is kind of like the EC pilot test.
Read more about DBSS flats in this article: What is a DBSS flat and is it worth buying?
Although not exactly opposite the Clementi MRT Station (640m away), this estate is very near the main Clementi central which means residents will enjoy not just great accessibility, but the convenience of many amenities too.
Clementi is quite a highly sought after area too. The cheapest 4-room unit here sold for $695,000, while the most expensive one was $800,000. The biggest unit size is 5-room, and the most expensive one sold in the last six months was $963,000, just a bit shy of a million.
5. Parkland Residences DBSS at Upper Serangoon Crescent
Like Trivelis at Clementi, Parkland Residences is a DBSS project in Hougang that recently reached its MOP. Location-wise, this one isn’t that accessible, and is quite a distance from the Serangoon MRT. There is, however, a bus stop right outside the blocks and Hougang Plaza is just two stops away.
The 4-room units sold at $580,000 to $675,000, while the 5-room units sold for slightly more at $640,000 to $888,000.
Which should you pick?
Generally, for those with bigger budgets over $1 million, The Pinnacle @ Duxton and Dawson Road HDB flats are trending right now. For those who have quite a bit, but not quite six zeros, the newest DBSS flats Trivelis and Parkland Residences are in demand. Lastly, for those on the lookout for more affordable properties, there’s Waterway Terraces I to consider.
Note: The prices cited above are taken from HDB’s resale transaction portal, using data for 4-room and 5-room flats transacted in the past six months.
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