For young couples thinking about buying their first home, the choices can be daunting. The traditional Singaporean approach of applying for a 5-room flat and temporarily living with parents or in-laws may no longer suit everyone. So, what should you consider when looking at potential HDB 5 Room Point Blocks?
Navigating the complex landscape of HDB 5 Room Point Blocks can be overwhelming, especially with factors like location, lease, and layout to consider. Are you worried about finding an affordable yet stylish home that fits your needs? Struggling to visualize your dream home design?
Exqsite Interior, a leading interior design and renovation service provider in Singapore, can help you transform your HDB 5 Room Point Block into a perfect sanctuary. Exqsite offer comprehensive services that ensure your new home is both affordable and beautifully designed. With Exqsite Interior’s expertise, you can expect top-notch interior design and renovation services tailored to your preferences. They focus on creating stylish and functional living spaces while keeping affordability in mind.
What is HDB 5 Room Point Block:
An HDB 5 Room Point Block is a type of public housing unit in Singapore. It typically features larger living spaces compared to standard flats, making it an ideal choice for families seeking more room to grow. These units are designed to maximize space and comfort, often situated in prime locations that offer convenient access to amenities and transportation. Understanding the unique characteristics of a 5 Room Point Block is essential for making an informed decision when purchasing your new home.
What is point block HDB?
The HDB technically introduced point blocks in 1969,with the pioneer batch built in Meiling Estate in Queenstown (Block 160-161).However,they resemble more like zig-zag blocks,with a mixture of 167 3-room ,57 4-room improved and 2 units of 5-room standard.The point blocks that we are more familiar with (4 units per floor,20/25 stories) only came about a few years later,circa 1972.
At first,these blocks had 84sqm 4-room improved units,of which 30 units were built until 1974.They can be distiguished from the later 5-room variants by containing two tiny square windows on the left and right sides,with a gap between units,where the drying area can be seen.
The last and most popular variant,with 120sqm 5-room standard/improved ,was introduced in 1974,and built until 1987.
How much does a 5-room HDB cost?
Because HDB properties are subsidized by the government, they are the most affordable type of housing available. The average cost of an HDB property listing is S$532,768 or S$507 per square foot. However, if you are looking to upgrade to a larger HDB flat like a 5-room or executive flat, then you can expect to pay 20-44% more.
HDB 5 room renovation also vary by the neighborhood. The cheapest HDB 5 room renovation were in Jurong West, Sembawang, and Woodlands, with Jurong West offering the cheapest rates across the largest range of HDB flats. Jurong West had the cheapest resale flats for 5-room and Executive HDB flats, while Sembawang had the cheapest 5-room flats and Woodlands had the cheapest 4-room flats.
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- Specialization in Singaporean regulations and trends
- Technology-driven design and execution
- Focus on client experience and post-project support
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How much does a 5-room flat cost?
Since last year, condo and HDB flat buyers have shown a shift in preference for larger and more spacious homes. As Singaporeans continue their search for the perfect home, home design for 5 room prices continue to rise as individuals continue to snap up the dwindling, limited pool of home design for 5 room and larger HDB flats on the market.
Now, even far-flung neighbourhoods like Woodlands and Pasir Ris can now boast of million-dollar resale flats. So far, 163 million-dollar HDB flats have been transacted in the first half of the year. If this momentum keeps up, we’re looking at another record-breaking year for million-dollar flats, with over 300 of such flats being sold in 2022.
Luckily, it is still possible to find relatively affordable 5-room resale flats if you know where to look. Here are some affordable 5-room resale flats currently on sale on PropertyGuru for under $500,000.
All the HDB resale flats listed were available at the time of writing. If the listing is no longer available, it is likely that the ad may have been taken down and the property sold.
How many HDB blocks are there?
Singapore boasts about 10,000 residential blocks managed by the Housing and Development Board (HDB), playing a crucial role in the nation’s sustainable development efforts.
The Singapore brand of public housing has created the Sustainable Development (SD) Framework to guide the growth of our towns. This comprehensive framework integrates social, economic, and environmental considerations, aligning with the national sustainability objectives outlined in the Sustainable Singapore Blueprint (SSB). Notably, Punggol Eco-Town was the first HDB town developed under the SD Framework.
Financial Planning for Your HDB Purchase
Planning your finances is essential to ensure you can comfortably afford your flat. Are you in need of assistance with home financing or calculating what you can afford? Exqsite offers a suite of mortgage calculators and home loan tools available for free. Additionally, you can consult one of our friendly and knowledgeable Mortgage Experts for personalized financial advice at no cost!
Affordable and Stylish Home Design
Exqsite specializes in affordable home design for HDB 5 Room Point Blocks. Our services include:
- Comprehensive home design solutions
- Expert HDB 5 Room renovations
- Innovative 5 Room design ideas
We ensure that you achieve a stylish and functional home without breaking the bank. Plus, a well-designed home can yield a great return on investment when you decide to resell.
20 years professionals experience
In Exqsite, our team of 20 years professionals experience will make your house beautiful and functional in every aspect, with an eye on detail and perfection. We guarantee you will be satisfied! Here are things that you will get from us:
- We provides high quality workmanship with reasonable prices
- We put our clients first by serving them friendly customer service
- Employees of over 20 years of experience
Make your renovation situation easier with us. Click here for the solution of your renovation problems.
Elevate your quality of life with our expert interior design services
- Specialization in Singaporean regulations and trends
- Technology-driven design and execution
- Focus on client experience and post-project support
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