The most affordable areas to buy a 5-room resale HDB near the MRT

By EdgeProp Singapore / EdgeProp Singapore | May 4, 2018 12:46 PM SGT
After living in your first HDB flat that you bought directly during a Build-To-Order (BTO) exercise, you and your spouse have decided that it’s time for a change. Perhaps even to upgrade to a bigger home to cater to your growing family.
For many, resale HDB flats is an attractive options since they are now able to pick a location they like and are no longer subject to waiting time or a time constraint. When shopping for a resale flat, proximity to an MRT station tends to be an important consideration for Singaporeans, as many do not drive.
In this article, we round up the most affordable resale HDB 5-room flats that are located within 500m walking distance from the nearest MRT station. To derive the figures, we looked at resale transactions taking place from between January 2017 and April 2018.
These 5-room flats are value-for-money buys at below the $400,000 threshold, compared to the average resale price of $533,600 for 5-room resale HDB flats island-wide. Here’s where they are located:
1) Sembawang
A former rubber estate, Sembawang is now home to an estimated 72,500 HDB residents, according to statistics by the HDB. Currently, Sembawang Town is supported by Sembawang MRT station, and transportation links will be furthered enhanced with the upcoming Canberra MRT station, slated for completion by 2019.
The town is also served by shopping centres such as Sun Plaza and Sembawang Mart, as well as an upcoming New Generation Neighbourhood Centre called Canberra Plaza.
Based on our analysis, we found that Sembawang comprises the most affordable resale HDB 5-room flats located near the MRT. For instance, 5-room flats in Blk 424 Canberra Road (477m from Sembawang MRT station) transacted at just $356,000 on average. This is almost on-par with a 3-room flat in Queenstown – noted as one of the most expensive HDB estates.
Meanwhile, 5-room flats in Blk 475 Canberra Road (477m from Sembawang MRT station) and Blk 328 Sembawang Crescent (404m from Sembawang MRT station) transacted respectively at an average of $360,000 and $362,000.
2) Woodlands