we have identified 10 estates where the HDB flats are priced like condos below:
This city fringe estate is amazing with many 5-room flats at Pinnacle @ Duxton selling for more than $1 million. That equates to a profits of more than $600,000 for every unit transacted in the resale market.
Bishan which used to be a cemetery has always been a hot location for HDB buyers with their proximity to good schools and amenities. The 5 room HDB flats in Bishan often achieved more than $1 million in resale price.
Boon Keng is a city fringe estate with lots of amenities and eateries. Their 5 room resale HDB flats have been selling for above $1 million recently.
Toa Payoh is a very popular town for HDB buyers because of its satellite town status with amenities and eateries all around. We regularly see resale 5 room HDB flats hitting the $1 million mark in Toa Payoh.
Redhill is an old matured estate with convenience and good accessibility for residents. The 5 room HDB flats there have been recorded selling for close to $1 million.
Similar to Redhill, Tiong Bahru enjoys an additional heritage appeal which is especially attractive to foreigners who love the unique mix of old and new in Tiong Bahru. 5 room HDB flats are known to sell more than $1million in Tiong Bahru estate.
Queenstown is a quieter matured estate that seems to be more attractive with older home buyers. The 5 room HDB flats in the estate have known to be sold for nearly $1 million last year in 2016.
This estate of Clementi is known to be near to many good schools and tertiary schools and is very popular with parents whose children are studying there. Just last year, we saw a 5 room flat in Clementi selling for more than $1 million.
This estate is near the airport and is popular with buyers who love staying in the east. It is convenient and pretty quiet even though its a matured estate. We saw some resale HDB flats selling for close to $1 million.
Commonwealth has gone through a dynamic facelift and therefore recently seen quite a few HDB resale transactions hitting the $1 million dollar mark.