Those living in HDB flats in Jurong West, Sengkang or Tampines are living in one of the most “popular” towns in 2016. There were 1,356 resale transactions in Jurong West, 1,332 in Sengkang and 1,281 in Tampines this year, according to property portal SRX.
There were 15,801 resale transactions from January to September. Year-on-year, HDB resale prices have fallen 0.7 per cent from November 2015. Prices in mature estates rose by 0.7 per cent from November 2015 while prices in non-mature estates fell by 1.8 per cent. Upcoming executive condo launches include Yio Chu Kang EC, Inz Residence EC, Choa Chu Kang EC, Anchorvale Lane EC, while existing ones include The Terrace EC, Brownstone EC, The Vales EC, Parc Life EC , Sol Acres EC, The Visionaire, Bellewoods EC, Signature at Yishun, The Criterion EC and Northwave EC.
HDB statistics show the median price of a four-room flat in Jurong West, Sengkang and Tampines in the third quarter was $390,000, $420,000 and $428,000, respectively.
Experts say these large neighbourhoods mean the transaction volume would be higher.
ERA Realty key executive officer Eugene Lim said: “Flats in Jurong West are slightly cheaper than Jurong East but it’s still located close enough.
Jurong East is highly sought after due to the High Speed Rail and its positioning as the second CBD.
“Tampines has always been popular as the east’s regional hub. The infrastructure at Sengkang has started to fall into place although the large number of transactions could be due to more flats reaching the minimum occupation period.”