{"id":55400,"date":"2022-06-07T11:26:37","date_gmt":"2022-06-07T03:26:37","guid":{"rendered":"https:\/\/www.99.co\/singapore\/insider\/how-much-should-pay-resale-hdb-flat-2022\/"},"modified":"2024-01-19T11:05:46","modified_gmt":"2024-01-19T03:05:46","slug":"how-much-should-pay-resale-hdb-flat-2024","status":"publish","type":"post","link":"https:\/\/www.99.co\/singapore\/insider\/how-much-should-pay-resale-hdb-flat-2024\/","title":{"rendered":"How much should you pay for a resale HDB flat in 2024?"},"content":{"rendered":"
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Given that it’s tough to secure a BTO queue number<\/a>, buying an HDB resale flat<\/a> in 2024 is a surefire way to fast-track your journey to becoming a homeowner.\u00a0<\/span><\/p>\n

However, HDB resale prices have been hovering at an all-time high. Prices of resale flats were <\/span>up by 5.8% based on a year-on-year mark according to the latest flash report from us<\/a>.<\/span><\/p>\n

Should you buy an HDB resale or BTO flat in 2024?<\/span><\/strong><\/h2>\n

There are many pros to buying a resale flat vs a BTO.\u00a0<\/span><\/p>\n

One huge advantage is the fact that you can collect your keys and move in or start your renovation<\/a> journey almost immediately, instead of waiting out three to five years for a BTO flat to finish construction.\u00a0<\/span><\/p>\n

You also get to choose from all estates instead of being limited to the latest BTO project launches. (Also, not to mention skipping the stressful balloting process<\/a> entirely).\u00a0<\/span><\/p>\n

Resale flats also give you the option of viewing and shortlisting specific units. You can have a better idea of who your neighbours are and how the noise levels change throughout the day.\u00a0<\/span><\/p>\n

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

HDB resale flats in 2024: How much does it cost?<\/span><\/strong><\/h2>\n

Here are the median HDB resale flat prices in March 2024 for the respective flat types, according to their locations.\u00a0<\/span><\/p>\n

\"\"<\/a>You may also check on the quarterly median prices on HDB\u2019s website<\/a>. <\/span><\/p>\n

Tools: HDB resale price index portal<\/span><\/strong><\/h2>\n

One tool that will come in handy when shopping for resale flats is the <\/span>HDB resale price index portal<\/span><\/a>.<\/span><\/p>\n

It lets you check the exact price of HDB resale flat prices in 2024 and gives you specific results about the latest transacted flats in all estates within the past two years, with information such as the block, floor area and remaining lease.\u00a0\u00a0<\/span><\/p>\n

\"HDB<\/p>\n

Let\u2019s say you want to get a 4-room flat near the Dec 2023 Woodlands BTO. From HDB\u2019s portal, you can find a ton of information to get a better idea about how much you should pay when buying a flat of a similar type.<\/p>\n

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