For anyone considering buying or selling a flat, HDB resale price is a key factor in the public housing market. Factors influencing resale prices include location (mature vs non-mature estates), flat size (3-room, 4-room, etc.), renovation quality, and proximity to MRT or schools.
Recent data shows that resale prices are at or near all-time highs in mature areas like Bishan, Queenstown, and Toa Payoh, while newer towns more info remain more affordable. Executive flats and 5-room units typically fetch higher prices, especially if well-renovated or located on high floors.
Anyone can view past transaction prices for specific addresses on HDB’s official portal to gauge the current market. Online tools provide estimated valuations and reports to help with negotiation or loan planning.
Policy tweaks may affect affordability, borrowing limits, or grant eligibility for first-timers and upgraders.
If you’re planning a transaction, it pays to research recent deals in your chosen area and consult reliable sources for guidance.