A brief history of 5-room BTO flat prices in Ang Mo Kio and their resale values

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With HDB's Aug 2022 BTO exercise in full swing, you may be looking at its five-room offerings, such as the ones in Ang Mo Kio, Choa Chu Kang and Tampines. Among them, the indicated price range for Ang Mo Kio's five-room BTO flats stands out. Rightly so, because at a jaw-dropping $720,000 to $877,000, Ang Mo Kio Central Weave's five-room...

What's notable however, is that this time around, 333 units are made available, instead of the 103 and 190 units in the past.

We should also consider that due to our post-pandemic environment, some costs would have gone up, ranging from construction material to worker salaries.Based on resale transactions over the past 10 years, five-room HDB resale transactions in Ang Mo Kio have seen a 19.31 per cent increase in average prices. This is higher than the Singapore average, which rose 16.58 per cent.

Today, five-room resale flats in Ang Mo Kio are priced around $750,000 to - $800,000 on average, so not absurdly far from the indicated price range for Central Weave.Of course, we've been getting questions from our readers – what would be the potential appreciation for five-room flats at Central Weave?Based on the map above, seven were from Kebun Baru Court , two from Teck Ghee Vista , nine from Park Central and five from Teck Ghee Parkview .

For these homeowners who sold , consider this: they paid around $500,000 to $600,000 nine to 10 years ago, and then sold them for $800,000 to $1 million+ about five years after moving in.

 

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