Which type of HDB flat gives the best returns: 3-room, 4-room or 5-room?

Advertizement

CNA Lifestyle

Which type of HDB apartment gives the best returns: 3-room, four-room or 5-room?

A look at the price movements of HDB flats over a menses of 15 years – geographically – reveals some interesting trends.

(Fine art: Jasper Loh)

28 Apr 2022 06:29AM (Updated: 18 May 2022 02:16AM)

Yep, nosotros know HDB flats should be homes commencement and retirement funds second, and then on. Merely allow's be honest: Everyone wants to know what the big pay-off could be, besides shelter from the elements. Here's a look at the numbers.

WHICH Apartment Type APPRECIATES All-time?

To find some answers, nosotros looked at cost movements of three-room, four-room and five-room HDB flats over a catamenia of 15 years. Starting with Singapore as a whole, here's what nosotros found:

(Image: 99.co)

3-room HDB flats accept appreciated by effectually 69 per cent. The average cost of a resale three-room flat today stands at around Due south$299,000, upwards from an average of S$176,800 back in 2004.

Four-room flats take appreciated past around 78 per cent. The boilerplate price of a resale iv-room apartment is now around Southward$425,275, up from around S$238,300 in 2004.

Five-room flats lag but slightly behind iii-room flats, appreciating by around 68.57 per cent. The typical price today is around Due south$526,850, up from effectually Due south$312,500 on 2004.

As such, we can see that four-room flats show the highest appreciation, while three-room and v-room flats lag backside at roughly the same step.

DOWNTOWN CORE HDB FLATS

In that location aren't many HDB flats in the downtown core, and no data on anything besides 3-room and four-room flats. But we can see some of the numbers:

(Prototype: 99.co)

3-room flats hither shot up 82.viii per cent betwixt 2004 to 2011, afterward which there'due south no farther data. For v-room flats, prices rose at the same step – nigh 82.78 per cent. The average v-room flat price in the downtown core is around Due south$650,300, up from a mere Southward$355,800 back in 2004.

(Three-room flats in the area stood at effectually Southward$434,000 in 2011, up from around Southward$237,540 back in 2004.)

Northward REGION HDB FLATS

For the north region, we looked at resale HDB prices in District 25 (includes Admiralty and Woodlands).

(Epitome: 99.co)

Iii-room flats in the north appreciated around 59.5 per cent. Prices here stand at around Due south$256,800, upwardly from S$151,435 back in 2004.

Iv-room flats rose 43.25 per cent. Current prices are effectually Southward$326,780, up from around Southward$228,100 in 2004.

Five-room flats rose around 41.4 per cent. Prices are at around S$403,836, up from around Due south$273,700 in 2004.

N-Eastward REGION HDB FLATS

For the north-e region, Seletar is the proposed regional middle. We employ Commune 19 (Hougang, Punggol, Sengkang) HDB flats as a reference point, due the large population in the district.

(Prototype: 99.co)

Iii-room flats in the north-east appreciated 84.6 per cent, standing at around S$312,725. This is up from around Due south$169,400 in 2004.

4-room flats rose lxxx per cent, at around S$422,600 at present. That's up from S$227,000 in 2004.

Five-room flat prices noticeably lagged in this region, rising just around 65.two per cent. They're at around S$502,540, upwards from around S$304,228.

Eastward SIDE HDB FLATS

For the east, we employ District 18 (Pasir Ris, Tampines) HDB flats every bit the reference point.

(Image: 99.co)

Three-room flats in the e appreciated 66.3 per cent, standing at about S$332,570. This is upwards from effectually S$182,300 in 2004.

Four-room flats here appreciated 67.ii per cent. The average price now is around South$423,000, upward from effectually South$243,370.

5-room climbed about 62.5 per cent, to well-nigh S$510,441. That'south up from around Southward$314,000.

WEST SIDE HDB FLATS

For the west side of Singapore, nosotros utilize Commune 22 (Jurong, Tuas, Boon Lay) HDB flats as our reference betoken.

(Image: 99.co)

Three-room flats in the w have appreciated around 56 per cent since 2004. Electric current prices are at around S$258,000, upwardly from Southward$165,320 a decade and a one-half ago.

Four-room flat prices rose about 60 per cent, standing at around S$367,580. This is upwardly from around S$228,800, fifteen years ago.

V-room flat prices rose about 56.five per cent, and are at around Southward$448,370 today. This is up from around S$278,600 in 2004.

Note that appreciation across all three flat types were quite uniform in the east and west. So if you're ownership an HDB flat in these two regions, note that your property appreciation is broadly similar regardless of flat size.

If you lot're viewing your beginning flat as an investment, information technology may make sense to buy smaller. Many Singaporeans aspire towards a five-room as their first property buy. This is often driven past the impression that v-room flats have the best resale prospects. This could be thanks to news reports of meg-dollar flats, which tend to exist the larger ones.

But Acme@Duxton, DBSS flats or rare maisonettes should not be considered in the same category as the typical five-room (in fact, some investors refuse to even call up of these as "real" HDB flats, due to deep fundamental differences).

We can also see, from the numbers, that smaller flats tend to appreciate amend. In terms of proceeds, three-room and four-room flats mostly trounce their five-room counterparts across the isle (although the gains between three-room and four-room are pretty narrow overall).

This suggests that, if your commencement flat is meant to be just a stepping stone, you might want to consider a smaller unit. Apart from a shot at meliorate gains, you also confront a lower initial cash outlay. The same tin can hold true for those who plan to downgrade when they retire (although of course, space is a bigger consideration for these longer term buyers).

This story first appeared on 99.co.

Contempo Searches

Trending Topics

derryberrymestans87.blogspot.com

Source: https://cnalifestyle.channelnewsasia.com/entertainment/my-99co-3-room-4-room-or-5-room-which-is-the-best-investment-175676

Share this post