In March, we covered how more than 50 3-room flats were selling for twice the national average. Since then, more towns have started seeing all-time high (ATH) prices for 3-room HDB resale units – and these record-breaking deals have been surfacing almost weekly, if not every other week.
This begs the question: are 3-room flat prices rising? We take a closer look at three record-setting transactions in three different towns to find out more.
Table of contents
Choa Chu Kang 3-room flat hits S$510K
A 3-room unit that recently reached its Minimum Occupation Period (MOP) in Keat Hong Colours was sold for S$510,000. This flat, located at Block 811B, Choa Chu Kang Avenue 7, marks the highest price ever for a 3-room flat in Choa Chu Kang.
The unit sits somewhere between the 16th and 18th and the project itself began its lease in 2017. That means the buyer still gets to enjoy 91 years and 8 months of lease.
When it first launched as a BTO, the average price for a 3-room flat there was just S$156,500. So if the unit was sold by the original owner, they would’ve made a profit of around S$353,500 – a 226.85% gain. Of course, you’d need to factor in other costs like agent commissions and legal fees, so the actual gain might be slightly lower.
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A deeper dive into Keat Hong Colours’ location
Keat Hong Colours is made up of 8 blocks, with a mix of 3-room, 4-room, and 5-room units – 968 units in total. Both Keat Hong Colours and its neighbour, Keat Hong Mirage, have been popular among sellers and buyers. Many of their 3-room and 4-room units have fetched strong resale profits since reaching MOP.
That said, the area isn’t directly next to an MRT station. While Keat Hong Mirage is closer to Keat Hong and Teck Whye LRT stations, Keat Hong Colours is a bit farther – about a 14 to 16-minute walk. Still, these LRT stations connect easily to Choa Chu Kang MRT and bus interchange.
As for amenities, Keat Hong Colours features its own conveniences right at the doorstep. You’ll find a coffee shop, a bakery, a supermarket, as well as both a general and dental clinic on-site. And if you’re willing to walk to Keat Hong Mirage, you’ll find more dining options, including KFC and Domino’s, plus retail outlets like Pizza Hut, a hardware store, and a childcare centre.
While there aren’t any major malls within walking distance, residents can easily access shopping and dining hubs like Lot One in about 7 minutes, Bukit Panjang Plaza in roughly 11 minutes, and Hillion Mall in around 15 minutes by LRT or bus, providing a range of retail and recreational options.
Parents will also be glad to know there are several schools nearby. Within 1km, you’ll find Chua Chu Kang Primary School, South View Primary School, and St. Anthony’s Primary School. Expanding the radius to 2km adds Concord Primary School, Dazhong Primary School, Teck Whye Primary School, and West View Primary School to the list.
For those who enjoy being outdoors, a short cycle away lies the Choa Chu Kang Park Connector – ideal for some weekend greenery or daily fitness routines.
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Woodlands 3-room flat sells for S$588K – highest ever in the town
Over in Woodlands, a 3-room flat at Block 886C, Woodlands Drive 50 – also known as Treegrove@Woodlands – was sold for S$588,000. That’s a new Woodlands 3-room flat ATH.
The unit sits between the 7th and 9th floors, right in the middle of this mid-rise development. It began its lease in 2015, so there are still 88 years and 11 months remaining.
Back when the BTO first launched, 3-room units in this project were priced at around S$158,000. When compared with the S$588K sale price, the potential gain could have been around S$430,000 – a 272.78% increase. But keep in mind, the flat may have changed hands more than once following its initial MOP, so profits may have been split.
Just like Keat Hong Colours, both 3-room and 4-room flats at Treegrove have shown consistently strong resale value, making this one of the more profitable BTOs in the country.
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Does Treegrove@Woodlands’ location justify its S$588K price tag?
Treegrove@Woodlands has a decent location. It’s roughly a 12 to 15-minute walk from both Woodlands MRT and Admiralty MRT stations.
While you won’t find hawker centres nearby, 888 Plaza is just a 3-minute walk away. This gives you easy access to daily essentials and some entertainment. For even more variety, you can take a 15-minute walk to Causeway Point, which also connects you directly to Woodlands MRT station.
Parents will appreciate the range of schooling options in the area. Within a 1km radius of the project, there are 8 primary schools to choose from: Admiralty, Evergreen, Innova, Qihua, Si Ling, Woodgrove, Woodlands, and Woodlands Ring Primary School. And if you’re open to schools slightly farther out, another 3 – Fuchun, Greenwood, and Riverside Primary – are within the 2km range.
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Bukit Panjang’s 3-room flat reaches S$549K
Over at 636A Senja Road, within the Senja Parc View development, a 3-room flat located between the 28th and 30th floors recently changed hands for S$548,888. This makes it the highest transacted price ever recorded for a 3-room resale flat in Bukit Panjang.
The lease for Senja Parc View began in 2015, which means the unit still has around 89 years and 8 months left – a relatively healthy lease balance.
When the project was launched as a BTO, 3-room flats in the development averaged around S$170,000. This latest sale reflects a profit of roughly S$378,888, or a price increase of about 222.88%. However, much like the record-setting flat in Woodlands, there’s a chance this unit may have changed owners since meeting its first MOP, meaning the full profit may not have gone to just one seller.
Similar to Keat Hong Colours and Treegrove@Woodlands, Senja Parc View also happens to be one of Singapore’s more profitable BTOs to date.
How does Senja Parc View stack up in terms of location?
Senja Parc View offers residents decent connectivity with two LRT stations nearby. Senja LRT is about a 10-minute walk away, while Jelapang LRT takes just a minute longer on foot. For those who drive, the KPE is also easily accessible, making commutes smoother.
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When it comes to daily conveniences, there are several retail spots located within neighbouring HDB blocks – including coffee shops or cafés – so getting a quick bite or coffee won’t be an issue. Plus, Senja Hawker Centre is just a 4-minute walk away, giving residents easy access to a variety of affordable eats. An NTUC FairPrice supermarket is also within reach, roughly an 8-minute walk from the development. For more extensive shopping and dining options, Hillion Mall, Bukit Panjang Plaza, and Junction 10 are a 4 to 5-minute drive away.
Families with young children will find the location quite attractive, as there are several primary schools located within a 1km radius: Greenridge, Teck Whye, West Spring, and West View Primary. There’s also a wider selection within 2km, including Beacon Primary, Bukit Panjang Primary, Chua Chu Kang Primary, De La Salle, South View, Yew Tee, and Zhenghua Primary Schools.
If you love the outdoors, there’s even a park connected directly to the project. And for those who enjoy cycling, the Park Connector is just a few minutes away by bike, linking you to the Western Adventure Loop and offering an easy way to enjoy outdoor activities.
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These sales are also far above their town averages
To put things into perspective, the average resale price for 3-room flats in 2024 was around S$410,000 in Woodlands, S$424,000 in Bukit Panjang, and S$425,000 in Choa Chu Kang. Now that we’ve entered the second quarter of 2025, the latest average prices show a noticeable uptick. As of this month, Woodlands 3-room flats are going for around S$437,000 – marking a 6.56% increase. Bukit Panjang is now averaging S$467,000 with a 10.23% rise, while Choa Chu Kang stands at S$446,000 with a 5.13% climb.
Although these figures reflect price growth, it’s still early in the quarter. This means that even small changes in pricing can appear more significant due to the smaller sales volume compared to the full year of 2024.
Still, when comparing the Year-on-Year (YoY) shifts from 2023 to 2024, we can already see that all three towns experienced solid growth. Choa Chu Kang recorded a 6.95% rise, Woodlands saw a 7.41% increase, and Bukit Panjang wasn’t far behind with a 6.70% gain. This suggests that 2025 may follow a similar growth pattern if the momentum holds.
Adding on to this is also how the average price growth in these three towns over the past 5 years has been quite significant, especially for Woodlands. From 2019 to 2025, prices in Woodlands surged by 61.92%. Bukit Panjang followed with a 49.61% jump, and Choa Chu Kang rose by 40.58%. These are substantial hikes, considering that the typical 5-year increase tends to fall within the 20% to 30% range.
One possible explanation for Woodlands’ sharper price climb could be the higher transaction volume. In 2024, Woodlands saw more than twice as many 3-room flats sold compared to Bukit Panjang and over three times the number in Choa Chu Kang. This surge in demand might be linked to the upcoming Johor-Singapore Rapid Transit System (RTS), which is slated to begin construction in 2026.
Buyers may be anticipating a rise in property values as connectivity improves, potentially attracting more Malaysian renters and boosting investment interest in this non-mature estate.
So, are 3-room HDB resale prices on the rise?
The short answer? Yes, they are.
When comparing price trends over the past few years, the gap between the growth of 3-room and 4-room HDB resale flats has been narrowing. Since 2020, 4-room flats have generally seen slightly higher year-on-year (YoY) price increases – but only by a small margin. This suggests that 3-room flats have been keeping up quite closely in terms of price growth.
In fact, our flash report for March 2025 points to 3-room flats slightly edging out 4-room flats in terms of price growth between March 2024 and March 2025:
| Category | Year on Year (YOY) | Change |
| Overall | 9.5% | increased |
| Volume | -7.4% | decreased |
| Mature | 9.0% | increased |
| Non Mature | 9.7% | increased |
| 3-Room | 10.4% | increased |
| 4-Room | 10.2% | increased |
| 5-Room | 8.1% | increased |
| EXE | 5.5% | increased |
So what’s behind this shift?
There are a couple of possible factors. First, the cooling measures introduced in October 2022 allow seniors who are right-sizing from private property into a 4-room or smaller resale flat to bypass the 15-month wait-out period. As a result, seniors with substantial cash proceeds from private home sales could be fueling demand – and pushing prices up – for 3-room flats.
Second, affordability plays a role. In some non-mature estates, 4-room resale flats are now priced above S$600,000, which may be beyond reach for lower-income families. This pushes more buyers toward the 3-room segment, intensifying demand and driving prices higher in that category.
So, while 3-room flats were previously slightly behind in terms of growth, they are now keeping pace – even slightly ahead in the short term. Whether this trend will continue long enough for 3-room units to consistently outpace 4-room flats remains to be seen.
Interested in more All-Time High (ATH) covers? Head on over here!
About Sophiyanah David
Sophi, a seasoned copywriter specialising in Singaporean real estate and property, is one of the minds behind 99.co's informative articles. Like her colleagues at 99.co, Sophi is dedicated to keeping you informed about the ever-changing world of real estate so you can find your forever home. When off the clock, you can find her giggling and kicking her feet as she reads her romance novels, watching anime - if FMBA is not your fave, she might fight you (but you'll probably win) and looking up latest skincare trends.
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