Ohmyhome’s record-breaking HDB transactions in Woodlands
Woodlands might not be viewed as a hotspot for HDB transactions, but two recent record-breaking transactions by Ohmyhome tell a different story. In a remarkable turn, Ohmyhome sold two HDB resale flats at 540 Woodlands Drive 16 on the same day, just three hours apart:
- A 9th-floor unit sold for $750,800 — more than $40,000 above the owner’s initial asking price of $710,000.
- A 12th-floor unit was sold for $720,000 after just one viewing.
These HDB resale transactions exceeded the median resale price for flats across Singapore and Woodlands in 2024, demonstrating how Ohmyhome seamlessly combines speed with quality. Powered by our proprietary MATCH algorithm, which utilises high-quality data to identify serious, qualified buyers who are ready to meet sellers’ expectations, we’ve shortened the HDB selling process from one month to just one week.
Read More: How to Find 20 Potential Buyers Before Selling Your Home
HDB resale market in Woodlands
These recent transactions depict a broader trend for the HDB resale market in Woodlands. In October alone, an executive flat at 816 Woodlands Street 82 sold for $1.155 million — the highest resale price in the estate to date. Across all flat types, transactions in Woodlands are rising, with 443 four-room flats, 296 five-room flats, and 112 executive flats sold in the past nine months.
Looking at the HDB market across Singapore, overall median HDB resale prices have been steadily climbing over the same period, hovering around $590,000. Woodlands, historically a more affordable estate, isn’t that far behind, with median resale prices reaching around $568,000.
At Woodlands Drive 16, where Ohmyhome set new records, the trend is even more striking. HDB median resale prices were at $491,933 in January. By October, it rose to $556,077 — and in November, prices soared to $670,444. This amounts to about a 36% growth throughout 2024.
Top 10 HDB resale transactions in Woodlands in 2024
| Address | Resale Date | Flat Type | Area (SQM) | Price ($) |
|---|---|---|---|---|
| 816 Woodlands St 82 | Oct 1, 2024 | EXECUTIVE | 177 | $1,155,000 |
| 805 Woodlands St 81 | Aug 1, 2024 | EXECUTIVE | 192 | $1,108,000 |
| 821 Woodlands St 82 | Sep 1, 2024 | EXECUTIVE | 177 | $1,100,000 |
| 808 Woodlands St 81 | Jul 1, 2024 | EXECUTIVE | 192 | $1,088,000 |
| 850 Woodlands St 82 | Aug 1, 2024 | EXECUTIVE | 179 | $1,080,000 |
| 834 Woodlands St 83 | Sep 1, 2024 | EXECUTIVE | 192 | $1,070,000 |
| 808 Woodlands St 81 | Oct 1, 2024 | EXECUTIVE | 189 | $1,050,000 |
| 849 Woodlands St 82 | Feb 1, 2024 | EXECUTIVE | 176 | $1,038,000 |
| 419 Woodlands St 41 | Jun 1, 2024 | EXECUTIVE | 179 | $1,020,000 |
| 820 Woodlands St 82 | Apr 1, 2024 | EXECUTIVE | 177 | $1,020,000 |
Statistics by room type for HDB in Woodlands in 2024
| Flat Type | # of HDB resale transactions | Median Price ($) |
|---|---|---|
| Executive | 199 | $855,000 |
| 5-room | 595 | $635,100 |
| 4-room | 834 | $530,000 |
| 3-room | 265 | $410,000 |
| 2-room | 47 | $338,000 |
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4 key drivers behind rising demand in Woodlands
For years, Woodlands was seen as a suburban alternative to Singapore’s mature estates. But these recent transactions and rising prices show that it’s evolving into a competitive player in the property market.
A combination of affordability, connectivity, and ambitious development plans is fueling the surge in demand for properties in the area. Families and investors alike are taking note of its unique positioning and long-term potential.
1. Cross-border convenience
As Singapore’s northernmost town, Woodlands serves as a key link to Malaysia via the Causeway. The proximity to Johor Bahru (JB) offers residents unparalleled convenience for cross-border travel, making it a popular choice for weekend getaways and affordable shopping trips. The upcoming Johor Bahru-Singapore Rapid Transit System (RTS) Link, set to open in 2026, will further enhance this cross-border connectivity, attracting more buyers looking for easy access to both countries.
2. Affordability and space
Woodlands continues to provide larger HDB flats at more affordable prices compared to Singapore’s central estates.
Executive flats in Woodlands have a median price of $855,000 in 2024, significantly lower than similar-sized properties in areas like Bishan or Toa Payoh, which are priced at $1.3 million and $1.1 million respectively.
The price advantage makes it an appealing option for young families and investors seeking spacious homes with strong value potential.
3. Improved connectivity
The Thomson-East Coast MRT Line (TEL) and the North-South Corridor have dramatically improved connectivity, reducing travel time to the city and other parts of Singapore. The upcoming WoodsVista Gallery — a 1.9km walking and cycling path connecting Woodlands Central to Woodlands North Coast — will further enhance accessibility, promoting active lifestyles and seamless commutes.
3. Exciting future development
The government’s plans to develop Woodlands into a dynamic mixed-use regional hub are key drivers of the rising interest. The Woodlands Regional Centre, a major urban transformation project, will turn the area into a commercial and lifestyle hub. The synergy between this centre and Iskandar Malaysia, JB’s economic zone, is expected to create a thriving ecosystem for business, leisure, and residential living.
Additionally, the Woodlands North Coast redevelopment under the Remaking Our Heartland (ROH) initiative will add approximately 4,000 new Build-To-Order (BTO) flats. These “Housing by the Woods” projects will offer scenic views of Admiralty Park and Woodlands Waterfront, abundant green spaces, and modern amenities such as eateries and retail outlets. The first BTO project is set to launch in February 2025, signaling a commitment to meeting housing demand and enhancing the appeal of the area.
4. Government support
The government’s focus on revitalising Woodlands underscores its commitment to balancing growth across Singapore. Agencies are working on innovative projects such as Woodlands Gateway, an industrial development, and the WoodsVista Gallery to improve infrastructure and connectivity. By co-locating facilities and amenities, the government aims to foster a vibrant and self-sufficient town where residents can live, work, and play.
The synergy between these efforts and private investments is driving demand in Woodlands, as seen in the recent record-breaking HDB sales. This comprehensive approach is transforming the estate into one of Singapore’s most promising residential and investment hotspots.
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