Almost every realtor says location is everything, but almost every location in land-scarce Singapore is bound to increase in price. So, where should HDB buyers really be shopping, especially if they're gunning for capital gains by the end of their MOP?
To find out, we spoke with Harvey Chia, a seasoned real estate professional with nearly 20 years of experience in investments, advisory and brokerage. Ahead, he shares insights on taking a macro view and playing the long game in the real estate industry.
Why look at private home prices?
If you're considering entering the HDB segment, you might assume that the condo segment is irrelevant. However, we would advise you to think twice. Harvey suggests that the price difference between a condominium and a HDB flat of similar size in the same neighbourhood can be an indicator of potential capital gains.
Let's take the beloved CBD as an example. Just four years ago, it would have been hard to imagine purchasing a unit at Pinnacle at Duxton for $1,500 per square foot (psf), but today, such a price would hardly raise an eyebrow. In comparison, prices at Wallich Residences-high-end condos-range from around $2,000 to $3,000 psf.
"The gulf in the pricing is double. When the price points diverge so much, people start looking at the neighbourhood and wonder: What is my next best option? Half the time, they end up in a HDB flat," Chia explains.
This price difference has a waterfall effect, pressuring HDB prices in the vicinity to chase up, appealing to a group of buyers who prioritise space over the prestige of living in a private property. This begs the question: In what other locations does this phenomenon exist?
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
Transform your laundry routine
Designed for the demands of modern urban living, Samsung’s Bespoke AI Laundry Combo redefines convenience by combining washing and drying in a single, space-saving unit.
Personal moments and timeless design
In a cosy flat filled with curated art and travel mementos, Amirul and Clarice's home tells a story of love, inspiration, and evolving tastes. From mid-century elements to modular classics, the couple shares how they shaped a space that reflects their journeys-and how it's still growing with them.
Old meets bold
Tim and Nicole were so enamoured with their Tiong Bahru rental that they bought it, preserving its midcentury charm while personalising the pre-war unit.
Branching out
With a tree at its centre and a mix of global influences across the ages, this home feels more like a living art gallery than a typical apartment.
Minimalist marvel
Thoughtfully designed by Ray Seah and Kate Sitchon, the space combines sleek aesthetics with practical solutions, offering the perfect balance of style and comfort.
Petite Paris
Channelling Parisian charm with a touch of Peranakan flair, this 4-room HDB flat looks like it belongs on the set of Emily in Paris.
Across the ages
In this one-of-a-kind home, the tastes of three generations— Baby Boomer, millennial, and Gen Z-converge.
Living artfully
Explore how Kave Home's Gala, Aiguablava, and Jondal collections bring together comfort, craftsmanship, and timeless style to transform any space into a haven of modern living.
A new chapter
Caesarstone adds 9 styles to its Porcelain Collection
The natural balance
Inspired by the serene beauty of dewdrops, the Antao Collection by Villeroy & Boch transforms bathrooms into wellness sanctuaries, combining sustainability with timeless elegance.
