What Can $500,000 Get You In Today’s HDB Resale Market?

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What Can $500,000 Get You In Today’s HDB Resale Market?

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The HDB market in Singapore is a popular choice for many Singaporeans looking to buy a home. With the rising cost of living in the country, it can be challenging to find affordable housing. This is why HDBs remain the most common type of housing for about 80% of Singapore residents

However, as the HDB market continues to evolve, it can be challenging to keep up with the latest trends and prices. In today’s HDB resale market, $500,000 is a pretty average sum as prices continue to inch upwards, but the amount can still get you a good range of options depending on the location, size, and age of the flat. 

For $500,000, you could potentially afford a 4-room or 5-room HDB flat in areas such as Jurong West, Woodlands, or Sengkang. These flats typically have around 100-120 square metres of floor area and are found in non-mature estates in Singapore.

If you prefer a more central location, $500,000 could get you a 3-room or 4-room flat in areas such as Toa Payoh, Bishan, or Ang Mo Kio. These flats typically range from 70-90 square metres and are surrounded by great amenities. While 3-room or 4-room flats in mature estates may be older, they may also be larger than their non-mature estate counterparts.

Let’s take a dive into our listings page and suss out a few units under $500,000.

1. 2-room HDB flat in Ang Mo Kio – $318,000 (SOLD!)

Update as of 31 Mar 2023: This unit was just sold.
Asking Price$318,000
Property TypeHDB
Sub-Property Type2-room
Floor Size473 sq ft
Floor Level6 – 10
Completion1979
Tenure99 years
Years Left55 years

This mid-aged flat, currently at its halfway point in its lease, does not look as new as the first listing we just showed you but it makes up for it in its location. 

Positioned close to central Singapore, yet nestled in a tranquil environment, the unit would be coveted by singles and young couples seeking both privacy and convenient access to amenities. The affordable price tag is simply the icing on top. 

With the potential for a tasteful renovation to enhance its appeal, the sheltered walkway to Ang Mo Kio MRT station adds an additional layer of convenience to this already attractive investment opportunity. Those who want an auspicious ring to their living environment will also enjoy the fact that it sits on the 8th floor. Chinese believe 8 to be a lucky number because it sounds like the word “发“ (fa), meaning to “prosper”. 

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2. 4-room HDB flat in Woodlands – $468,000

Asking Price$468,000
Property TypeHDB
Sub-Property Type4-room
Floor Size1,108 sq ft
Floor Level6 – 10
Completion1994
Tenure99 years
Years Left70 years

Although we aimed to provide some location diversity in our listings, we simply couldn’t resist featuring this Woodlands flat, which is a true standout. Despite not being as young as the Woodlands listing above, the unit still has a good 72 years remaining on its lease and is in great condition. One notable feature of this corner unit is its generous size, which offers plenty of space for families. Large windows along two adjacent walls in the living room provide ample natural light and ventilation, adding to the unit’s overall appeal. 

Simply furnished yet well-kept, this unit is a true renovator’s dream, since it won’t require much hacking or demolition works to give this unit an entire makeover. This flat is truly an attractive investment opportunity, and its modest price tag is an added bonus for prospective homeowners and investors alike.

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3. 3-room HDB flat in Woodlands – $480,000

Asking Price$480,000
Property TypeHDB
Sub-Property Type3-room
Floor Size731 sq ft
Floor Level11 – 15
Completion2017
Tenure99 years
Years Left93 years

When a unit commands a high price tag despite its modest size, it’s typically due to several standout features that make it a compelling investment. Firstly, this resale flat is minty fresh out of its Minimum Occupation Period. The corner unit boasts a sleek and modern design, as evidenced by the clean and minimalist furnishings showcased in the photos. Not only does this mean the flat is move-in ready, but it also offers a timeless aesthetic that requires little to no renovation. 

Overall, the young age of the flat, its low-maintenance design, and its coveted corner unit position make for an enticing investment. The fact that it sits on a high floor further adds to its appeal. The listing also touts unblocked views, and proximity to Woodlands South MRT, with a supermarket, clinic and coffeeshop right downstairs to boot.

View this property

Looking for more resale HDB flats? We have more listings for sale here.

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