By popular demand, we’re updating this list from the previous one we did in 2022. We get why everyone is asking – the supply of HDB flats reaching MOP in 2023 is going to fall by half that of 2022. Nevertheless, with high interest rates, it seems to be imperative to be prudent in 2023, the following will provide some...
There isn’t too much change from 1H 2022; but we do think some buyers will be surprised to see so many estates still under $500,000. The three cheapest are:Yishun has some of the most affordable 4-room units in the market today, averaging just $474,614. This is up around 3.7 per cent since 1H 2022, when prices averaged $457,768.
In fact, Yishun is sometimes referred to as “non-mature in name only” – and some might feel the town is on par with the likes of Bedok or Pasir Ris above. Yishun, Khatib, and Springleaf MRT stations all service the neighbourhood, but the issue is still the MRT stations can still be quite a far walk for a fair few HDB estates in Yishun.
That said, do note that prices in Jurong West actually grew faster than Jurong East, where the appreciation was just one per cent. Perhaps prices at Jurong East have less room to climb, given the area is already a retail and commercial hub.
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