HDB apartments in Punggol, Sengkang and Choa Chu Kang are in high demand this year as all three cities had the highest registered resale numbers in the first quarter of 2021.
These popular HDB properties are growing in both size and cost, and this trend is set to continue for the foreseeable future as the Singapore government pushes its master plan for urban development.
Before you venture into your housing hunt, take a look at the three hottest properties in Singapore. Perhaps one of these is perfect for your living preferences and budget.
1. Punggol
Punggol is one of the oldest and most established HDB properties in Singapore. Under the Punggol Digital District (PDD) plan, part of the city is expected to be Singapore’s first smart and integrated district. The PDD is designed to advance digital industries such as cybersecurity and digital technology while supporting green and sustainable living.
In addition to these great expectations, Punggol has been serving its residents for decades with its famous seafood restaurants, numerous health facilities, community and cultural centers, and parks.
With an endless list of amenities for families and singles alike, Punggol is one of the best places to live in Singapore.
As of Q1 2021, Punggol’s four, five and five bedroom HDB apartments will be below average HDB prices in Singapore. If you are interested in securing a large apartment for yourself or your family, Punggol’s current resale prices are great value deals.
While an executive apartment has the largest cost differential between HDB apartment types in Punggol, it is important to note that they barely make up 0.01 percent of total units based on the registered volume of resale, and can therefore be difficult to come by.
However, if you are able to get your hands on a Punggol Executive condo, you can save an average of 21.44 percent on resale value – that’s the best deal among all three properties.
2. Dash
Sengkang is the second most popular HDB property, largely due to its urban appeal to young Singaporeans. The modern neighborhood is becoming a cornerstone of Singapore’s economy. Employees rush to secure an apartment in Sengkang New Town.
Sengkang is home to a number of high-end establishments such as world-class restaurants and New Brunswick University.
Sengkang is experiencing rapid growth in both population and commercial development as the Singapore government continues to develop the district’s transportation system and employment opportunities.
However, Sengkang is more than just an industrial center. In the near future, the Singapore Master Plan will bring more green spaces and recreational facilities to the city.
Similar to Punggol, Sengkang’s cost savings can be found in the HDB apartments with four, five and executive rooms. Resale prices in Sengkang are cheaper than in neighboring Punggol. This is great for those looking to save money while still living in an established, modern city.
Young professionals can make optimal use of the district’s below-average prices, which are appropriately valued against the up-and-coming yet trendy atmosphere of the city.
3. Choa Chu Kang
Although Choa Chu Kang lags Punggol and Sengkang by almost half the volume demanded, it is proving to be the next promising HDB property.
As of now, the city offers all basic and essential facilities such as hospitals, schools and shopping centers. Above all, the city’s transport system – the fully automatic Light Rapid and Mass Rapid Transport – offers its residents a high level of comfort.
Choa Chu Kang resale prices in Singapore are well below average. In fact, no matter which HDB apartment you want to secure, you can save thousands of dollars.
Large families can save the most by moving to Choa Chu Kang, as four- and five-bedroom apartments are -13.70 percent and -18.22 percent below the average, respectively.
If you are looking for the next up and coming Singapore property without breaking the bank, Choa Chu Kang is a top property to consider.
This article was first published in ValueChampion.
