{"id":62649,"date":"2022-12-23T18:09:44","date_gmt":"2022-12-23T10:09:44","guid":{"rendered":"https:\/\/www.99.co\/singapore\/insider\/?p=62649"},"modified":"2023-03-11T01:03:20","modified_gmt":"2023-03-10T17:03:20","slug":"singapore-estates-future-property-investment","status":"publish","type":"post","link":"https:\/\/www.99.co\/singapore\/insider\/singapore-estates-future-property-investment\/","title":{"rendered":"Up-and-coming estates in Singapore for future property investments"},"content":{"rendered":"
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When selling your property, the location of your next home is an important consideration. You might be looking at finding a home in an area that\u2019s great for property investment.\u00a0<\/span><\/p>\n

We\u2019ve compiled a list of up-and-coming areas in Singapore that will have exciting developments in the next 5-10 years. These areas have also enjoyed great price appreciation in recent years and are expected to do even better because of new developments.\u00a0<\/span><\/p>\n

If you want a better guarantee of appreciation and yield from your next home but are still trying to figure out where to look, this is the list for you.\u00a0<\/span><\/p>\n

Woodlands<\/strong><\/h2>\n

Gone are the days when <\/span>Woodlands<\/span><\/a> was seen as \u201culu\u201d (remote\/deserted in Malay). With the Thomson-East Coast Phase 3 Line opening in November this year, residents can conveniently get to Orchard in around 30 minutes and the CBD in less than 40 minutes.\u00a0<\/span><\/p>\n

\"Cycling<\/a>
Artist’s impression: The North South Corridor will see a cycling trunk route above it. (Credit: LTA)<\/figcaption><\/figure>\n

On top of that, the North-South Corridor (NSC) will also cut the travelling time to the city centre for cars and buses. Set to be completed in 2026\/27, the NSC is an integrated transport corridor with an expressway, bus lanes, and cycling and pedestrian paths.\u00a0<\/span><\/p>\n

In 2026, Woodlands North station will also be connected to the Johor Bahru-Singapore Rapid Transit System (RTS) link. This will significantly boost the appreciation value of properties in the area as it will attract those who travel to JB frequently.\u00a0<\/span><\/p>\n

\"Woodlands<\/a>
Developments in Woodlands Central and Woodlands North Coast (Credit: LTA)<\/figcaption><\/figure>\n

Aside from transport developments, the Woodlands Regional Centre (comprising Woodlands Central and North Coast) will be a business, commercial and industrial hub.\u00a0<\/span><\/p>\n

There will also be a mix of private and public housing around Woodlands North MRT. Coupled with the Woodlands Waterfront Park, the area is set to be a vibrant waterfront precinct with scenic trails and abundant nature.\u00a0<\/span><\/p>\n

Price appreciation of properties in Woodlands\u00a0<\/strong><\/h3>\n

HDB<\/b><\/h4>\n

This year, Woodlands had its <\/span>first million-dollar HDB transaction<\/span><\/a>; to date, there have been 9 such transactions. All of them are executive apartments (EA) with sizes of around 2,000 sq ft.\u00a0<\/span><\/p>\n

\"woodlands<\/a>
Price appreciation of HDBs in Woodlands<\/figcaption><\/figure>\n

Based on transaction data from URA, Realis, and 99.co, HDBs in Woodlands have had a healthy appreciation over the last 10 years. While there was a downward trend from 2013 to 2019, the average psf prices have appreciated. We foresee that the rate of appreciation will continue to increase.\u00a0<\/span><\/p>\n

Out of all HDB types, executive HDBs have the highest appreciation rate of 20.49%, followed by 5-room flats at 19.08%, 16.36% for 4-room and 11.88% for 3-room flats. All of the HDB types in Woodlands, except 5-room, have a higher appreciation rate than Singapore\u2019s overall rate over the past 10 years (shown in the graph below).<\/span><\/p>\n

\"price<\/a>
Price appreciation of HDBs in Singapore<\/figcaption><\/figure>\n

Condo\u00a0<\/b><\/h4>\n

In terms of resale condos in Woodlands, they haven\u2019t appreciated as fast as HDBs.\u00a0<\/span><\/p>\n

\"woodlands<\/a>
Price appreciation of condos in Woodlands<\/figcaption><\/figure>\n

4-bedroom condos in Woodlands saw the most constant price appreciation at a rate of 17.09% but do note that there are very few yearly transactions for it. Although average psf prices have fluctuated from 2012 to 2019, they have been increasing since 2020.\u00a0<\/span><\/p>\n

\"champions<\/a>
GLS site at Champions Way near Woodlands South MRT station<\/figcaption><\/figure>\n

In the coming years, there will also be more private residential sites in Woodlands. A residential site at Champions Way (near Woodlands South MRT) is on the confirmed list of government land sales (GLS) for H1 2023, and more private residential sites will be launched near Woodlands North MRT.<\/span><\/p>\n

Properties for sale in Woodlands<\/h4>\n
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