The tried and true way of getting a condo is to start with an HDB BTO flat, save every penny you can, and eventually sell it for a tidy profit and move up to a private condo; or at the very least an EC. But with private home prices higher than ever these days, does the old method still work?.
While it’s common knowledge among Singaporeans that BTO flats can be profitable, the burning question often is: just how much? While some standout properties like the Pinnacle @ Duxton boast exceptional returns, how do the majority really fare? In this piece, we take a look at the middle number between the minimum and maximum price offered for a flat type.
November's 2022 HDB BTO launch in Yishun will see not one, not two, but three projects. 2,960 units are expected to be launched along Yishun Avenue 1, making up around 31 per cent of the overall number of units. This comes second to Queenstown's 3,250 units, followed by Tengah's 2,070 units. The last launch in Yishun was back in May,.
As of 2022, the average price of a 5-room resale flat, island-wide, has reached around $612,520. This is the point where home buyers yell “No way”, because everything they’ve seen appears to be well past that price range. The truth is, there are some HDB towns that go well beyond this – just as there are some that have stayed.