Buying a property is probably one of the biggest decisions you’ll make during your lifetime. As the owner of a property, you’ll be responsible for the upkeep of the house and the maintenance of the common areas. Your home will be the center of your family’s life, so you need to ensure you’ve chosen a house that provides the space you need for your family and a comfortable lifestyle. You can buy a HDB 5 room point block from different HDB estate agents, you can search for HDB blocks on an online portal, and you can even visit your nearest HDB estate agent to check out the HDB 5 room point blocks on offer. Before thinking of 5 room design ideas, here are the tips to consider when looking at potential or cheapest home design for 5 room point block.
What is point block HDB?
To break up the monotony of the slab block designs, point blocks were constructed. Point blocks featured fewer units per level and had shorter hallways than the typical slab form. At Mei Ling, Blocks 160 and 161 were the first point blocks to be constructed.
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 distinguished 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 varies by the neighborhood. The cheapest HDB 5 room renovations 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.
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 neighborhoods 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?
HDB manages around 10,000 residential buildings, thus having a significant impact on Singapore’s commitment to sustainable development.
The Sustainable Development (SD) Framework was developed by Singapore Brand Public Housing to direct the development of our towns. This is a thorough framework that takes into account social, economic, and environmental factors and is in line with the Sustainable Singapore Blueprint’s national sustainability goals (SSB). The first HDB town created using the SD Framework was Punggol Eco-Town.
Thus, it is important to plan your finances to ensure you can comfortably afford your flat. Need help financing your home or calculating what you can afford? MRD Singapore has a suite of mortgage calculators and home loan tools that you can use for free. Or reach out to one of our friendly and knowledgeable Mortgage Experts for tailored financial advice.
Thematic and reflect your personality
MRD Singapore is the perfect formula for you to make your interior dream come true. One of the main keys to great interior design is that it should thematic and reflect your personality and taste as well as be cost-effective.
With so many styles, trends and designs to choose from, it’s hard to decide which one to go for. With MRD, you can definitely prevent this situation and get the best dream design you ever wanted but better. No more stress, contact us here to solve your interior problems.
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