Clementi Stadium and Swimming Complex (Samuel Isaac Chua/EdgeProp Singapore)SINGAPORE (EDGEPROP) – In this article, we examine the difference in the average unit price for three, four, and five-room HDB flats in the same town to determine which HDB town has the largest or smallest price difference between the different flat types.The price difference is important to homeowners who are looking to move to a larger or smaller flat in the same town. Couples who need more space for their expanding fa
SINGAPORE – In this article, we examine the difference in the average unit price for three, four, and five-room HDB flats in the same town to determine which HDB town has the largest or smallest price difference between the different flat types.
Among the HDB towns in the central region, Queenstown has the largest price gap between three and four-room flats, favouring four-room flats. The average unit price for three-room flats in Queenstown is 29.7% lower than their four-room counterparts. This means that owners of a three-room flat would need to have more funds in their bank account before they can upgrade to a four-room flat if they choose to remain in Queenstown.
Moreover, the four-room flats in Bedok have the highest average price of $572 psf among the towns in the east region, which could be attributed to a strong price appreciation. Four-room flats in Bedok have experienced a growth of 26% since 2014, in comparison to a growth of 13% for three-room flats and 22% for five-room flats.
In contrast, owners of smaller flats in Clementi might want to consider another town if they wish to upgrade to a larger flat. The average unit price for three-room flats in Clementi is 9.5% lower than that of their four-room counterparts, and the average unit price for four-room flats in the same town is 4.3% lower than that of five-room flats.
The four-room flats that will reach MOP later this year include 2,820 flats in Blossom Spring @ Yishun along Yishun Avenue 6 and 1,410 flats in Meadow Spring @ Yishun along Yishun Street 43.
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