In the bustling landscape of Singapore’s real estate, Woodlands stands out as a prime location for affordable and spacious HDB flats. The latest Build-To-Order (BTO) exercise showcased a remarkable trend, with five-room flats in Woodlands boasting the highest application rate, standing at an impressive 7.5. In contrast, three-room flats in Queenstown struggled with the lowest subscription rate of 0.4.
Exploring the Resale Market
For those who missed out on the BTO flats in Woodlands, the resale market unveils a treasure trove of opportunities. Our thorough analysis of HDB sales listings on EdgeProp uncovered a selection of five-room or larger flats in Woodlands, all with asking prices below $500 per square foot ($500 psf). This revelation caters to buyers seeking a harmonious blend of affordability and spacious living.
Executive Bliss near Admiralty MRT Station
At the forefront is a captivating executive apartment at 658 Woodlands Ring Road, featuring an expansive 1,517 square feet of living space. With an inviting asking price of $730,000 ($481 psf), this four-bedroom haven is strategically positioned within walking distance of Admiralty MRT Station. The convenience extends to nearby amenities like Admiralty Wet Market and Food Centre, 888 Plaza, Woodlands Ring Primary School, and Woodlands Ring Secondary School.
Budget-Friendly Five-Room Gem
Buyers on a more modest budget will find appeal in a five-room flat at 661 Woodlands Ring Road. Spanning 1,313 square feet with three bedrooms, this gem comes with an enticing asking price of $600,000 ($457 psf). While slightly farther from Admiralty MRT Station, its proximity to Woodlands Ring Primary School adds a family-friendly touch.
Connectivity and Affordability Combined
For those seeking the perfect balance between affordability and connectivity, the five-room flat at 644 Woodlands Ring Road is a standout choice. Covering 1,302 square feet with three bedrooms, this gem is within walking distance of Admiralty MRT Station, offering a seamless blend of convenience and affordability at an asking price of $650,000 ($499 psf).
Beyond Woodlands Ring Road: Newer Flats Along Woodlands Drive 16
Expanding our horizon to Woodlands Drive 16 reveals newer, spacious flats within walking distance of Woodlands South MRT Station, merely one stop away from the dual-line Woodlands MRT Station. This area boasts proximity to Vista Point, Christ Church Secondary School, and Woodgrove Secondary School.
Family Haven on Woodlands Street 83
For larger families, a noteworthy option is the 1,582-square-foot executive apartment at 865 Woodlands Street 83. Featuring four bedrooms, this expansive residence comes with an asking price of $770,000 ($487 psf), with its tenure dating back to 1996. Despite being approximately 800 meters from Woodlands MRT Station, the flat compensates with its proximity to Evergreen Primary School and Woodlands North Plaza.
Unraveling Price Trends in Woodlands
Delving into the price trends of HDB flats in Woodlands since 2013, we witness a 25% overall average price increase, reaching the current rate of $490 psf. Notably, five-room flats experienced a 26% growth to an average of $465 psf, while executive apartments exhibited a slightly stronger growth at 28%, settling at an average price of $494 psf.
It’s crucial to highlight that the price appreciation for five-room flats and executive apartments in Woodlands surpasses the overall price growth for all HDB flat types in the town. Executive apartments, constituting only 9% of the total HDB flats stock in Woodlands, consistently command the highest average prices, a testament to their strong appeal and limited supply.
In conclusion, Woodlands presents an enticing tapestry of affordable living and spacious accommodations. The strategic location, coupled with the diverse range of options, positions Woodlands as a top choice for homebuyers seeking the perfect blend of affordability, space, and connectivity.
