And with upcoming BTO flats being delayed up to year because of pandemic-induced supply chain disruptions, demand for resale flats is slated to remain elevated for the time being.
If you’re on the hunt for a resale flat, you may feel pressured to make your decision quickly lest you lose out to other buyers. To help you avoid a bad or unhappy purchase, don’t neglect checking these six things when choosing a resale flat.
How Much Should You Expect to Spend on a Resale HDB Flat in Singapore?
First, let’s take a look at some latest statistics from HDB to gauge how much you can expect to spend on a resale flat.
The following table shows the median HDB resale prices of selected towns and flat types resale transactions the third quarter of 2022. Check the link for the full list over at HDB’s website.
|Ang Mo Kio||S$365,000||S$516,000||S$800,000|
|Choa Chu Kang||S$380,000||S$493,900||S$588,000|
A quick note on the figures above. These are median prices, which means your sale price may be higher or lower, depending on the actual conditions of the unit you choose.
Nonetheless, these figures are useful for two reasons: one, they allow you to better peg your budget, and two, they can also inform you what is a fair value for the units you are eyeing.