Most Affordable Condos for HDB Upgraders in 2018

By EdgeProp Singapore / EdgeProp | June 19, 2018 2:55 PM SGT
Prices of HDB resale units continue to fall, with the constant supply of new Build-to-Order (BTO) projects and the recent announcement that not all old HDB flats will be eligible for Selective En bloc Redevelopment Scheme.
In contrast, private property prices have been rising steadily, spurred by strong collective sale activities and bullish bids for land sales by developers.
The growing disparity in prices have made it increasingly difficult for HDB home owners to upgrade to private residential properties. Despite this, there are still options in the market that may yet keep your condo dreams alive.
Most four- and five-room HDB units average around 1,001 sq ft and 1,215 sq ft respectively. So what are the options available to aspiring upgraders looking for condo units of similar sizes?
To find these options, EdgeProp Singapore has rounded up the most affordable condos and apartments in the 10 largest HDB towns. The units are between 1,000 sq ft and 1,200 sq ft in size and completed up to 10 years ago.
1) Ang Mo Kio
FInd units at the freehold Meadows@Peirce here.
Within the Ang Mo Kio neighbourhood, prices of condo units between 1,000 sq ft and 1,200 sq ft averaged at around $1,310 psf between January 2017 and June 2018. So at an average of $1,177 psf, similar-sized units at Meadows@Peirce come at a steal.
Completed in 2012, the 479-unit freehold development is located in a quiet residential enclave on 626 Upper Thomson Road.
Residents at Meadows@Peirce can escape from the hustle and bustle of city life at the nearby Lower Peirce Reservoir Park, Singapore's second-oldest reservoir, The park is a mere three-minutes’ drive from the condo and is a popular spot for families seeking to immerse themselves in nature-inspired activities such as fishing and board-walking.
2) Bedok
Waterfront Isle was completed in 2015 and comprises 561 units.
Condo prices at Bedok averaged at $1,184 psf...