Buying a Home 101: Towns With Lowest Median Resale Price (Q4 2019)

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Written by: Marissa Saini

Is 2020 the year you’ve been waiting to buy a home? That’s great! Now comes the ever-exciting stage – the search for your dream property.

For those looking into the HDB resale market, we understand how mind-boggling property prices can be. Last year, a five-room HDB flat in Boon Keng fetched a startlingly pretty sum of $1,205,000.

On top of that, the HDB resale price index released on Thursday (24 January 2020), increased by 0.1% in 2019.

With all this in mind, where does that leave the budget-conscious buyer? You can narrow down your search to the towns with the lowest median resale price.

HDB Towns with the Lowest Median Resale Price

These towns which are sourced from Q4 2019 Public Housing Data, differ according to flat types; three-room, four-room, and five-room.

Towns With The Lowest Median Resale Price (Q4)
Three-roomFour-roomFive-room
Bukit BatokChoa Chu KangChoa Chu Kang
Jurong WestSembawangSembawang
Toa PayohWoodlandsWoodlands

If you’re determined to buy an HDB flat without breaking the bank, consult this table to kick-start a fruitful search. Got your eyes on a cosy three-room flat? Bukit Batok, Jurong West, and Toa Payoh are your best bet.

Need more room for your family? Start by looking for four- and five-room flats in Choa Chu Kang, Sembawang, and Woodlands.

Buyers, always stay mindful of your property budget so as not to be bogged down by an expensive mortgage. Need more assistance in choosing a home loan package that best suits your needs? Don’t hesitate to contact our in-house mortgage specialist by calling 9755 9103 now.

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