{"id":50070,"date":"2022-03-30T19:11:02","date_gmt":"2022-03-30T11:11:02","guid":{"rendered":"https:\/\/www.99.co\/singapore\/insider\/?p=50070"},"modified":"2022-11-07T13:55:53","modified_gmt":"2022-11-07T05:55:53","slug":"5-room-hdb-resale-flat-price-psf-near-mrt","status":"publish","type":"post","link":"https:\/\/www.99.co\/singapore\/insider\/5-room-hdb-resale-flat-price-psf-near-mrt\/","title":{"rendered":"Which areas along the MRT lines command the highest prices for 5-room HDB resale flats?"},"content":{"rendered":"
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It\u2019s no secret that properties in Singapore, whether it\u2019s an HDB flat or condo, tend to have higher prices when they\u2019re located near an MRT station.<\/p>\n

We\u2019ve previously looked at the price psf of condos near MRT stations<\/a>, as well as the price changes of condos and HDB flats near MRT stations between Q1 and Q2<\/a>, and Q2 and Q3 last year<\/a>.<\/p>\n

So this time, we\u2019re going to look at the median price psf of 5-room HDB resale flats within 1km of MRT stations. These medians are based on transactions in January 2022.<\/p>\n

\"Median<\/a>
Click or tap to zoom in on the infographic.<\/figcaption><\/figure>\n

But why 5-room HDB resale flats? For starters, we don\u2019t see as many 5-room flats available in the various estates through BTO (most are typically offered in non-mature estates). It\u2019s also the preferred flat type, especially for those who require more space, whether for an additional family member or hybrid work arrangements.<\/p>\n

Plus, 5-room resale flats have been making headlines over the last couple of years, with the rare ones located in prime locations sold for at least S$1 million.<\/p>\n

The city centre<\/h2>\n

No surprises here. 5-room HDB resale flats in the city centre generally command the highest price psf.<\/p>\n

This trend is just like what we\u2019ve seen in our previous article on the resale prices of condos near MRT stations. Condos near MRT stations in the city centre have the highest prices as well.<\/p>\n

To be more precise, when looking at the 5-room resale flats located near MRT stations, the most expensive flats are located within 1km of Chinatown MRT<\/a> and Telok Ayer MRT<\/a> at S$1,030 psf. This is followed by those located within 1km of Tanjong Pagar MRT<\/a> and Outram Park MRT<\/a> at S$888 psf.<\/p>\n

\"Price<\/a><\/p>\n

The higher-than-average price psf is most likely due to Pinnacle @ Duxton<\/a>, which recorded two transactions of 5-room flats that were sold for at least S$1 million in January. At least one block of the project is located within 1km of Chinatown MRT, Telok Ayer MRT, Tanjong Pagar MRT and Outram Park MRT.<\/p>\n

On the other hand, the most expensive flats aren\u2019t just located in the city centre.<\/p>\n

Marymount (which is part of Bishan)<\/h2>\n

5-room resale flats within 1km of Marymount MRT<\/a> have a median price psf of S$979, which is actually higher than those near Tanjong Pagar MRT and Outram Park MRT.<\/p>\n

\"Price<\/a><\/p>\n

Compared to other areas on this list, Bishan<\/a> is not even that close to the city centre. With the MRT, it takes 10 stops from Marymount MRT (nine stops from Bishan MRT) to reach the CBD.<\/p>\n

On the other hand, this high price isn\u2019t surprising. After all, we\u2019re talking about one of the most popular estates in Singapore, given the number of popular schools in the area. Raffles Institution is just a six-minute walk from Marymount MRT, which could explain why flats within 1km of the MRT command a higher price psf.<\/p>\n