Aside from the price and size of the property, the most crucial thing for homebuyers to consider when buying a home is the location. Is the property located in popular residential districts? To determine a property’s total worth, the location might have a bigger impact than the size and condition of the home. The closeness to various facilities and roads, as well as transit access and utility lines, are all factors that determine whether or not a property has a location advantage.
So, here are the five most desirable residential areas in Singapore where you may purchase a home. Continue reading to see why these places are so popular with home buyers.
#1 – PUNGGOL – North East
Punggol is located in Singapore’s North-East Region on the Tanjong Punggol peninsula. This neighborhood is notable for being one of Singapore’s oldest residential districts. In the early 1960s, Punggol was chosen for a number of government housing projects. Since then, several condominiums and HDB estates have sprung up in this region.
Punggol HDB estate is a great area to live in since it is growing every year. Annually, roughly 3000 new residential units are built. Water recreational facilities, parks, and bicycle lanes are all accessible in Punggol, making it a great residential location for families.
The area has a variety of dining establishments and restaurants. The region is also filled with recreation centers, clubs, museums, historical landmarks, and other attractions to keep residents entertained and amused. It is one of the most popular residential districts for a modern urban high standard of living.
Average HDB Resale price in Punggol
Punggol HDB prices are relatively consistent, with 3-room HDB’s costing roughly $350,000 on average. There was very little to no increase in HDB flat rentals. The average monthly rent for 4-room HDB flats in Punggol has remained stable at $1,850.
#2 – QUEENSTOWN/ ALEXANDRA – South West
Queenstown was one of the first residential zones in Singapore to be used as a proving ground for the government’s public housing programs. It was the first satellite town to spring up around this area.
Residents living in this district have access to a variety of amenities within walking distance to their homes. The place is home to a variety of businesses. Among these are food stores, entertainment facilities, sports complexes, and a variety of restaurants.
Queenstown is known for its superior educational facilities. And because of this, a huge number of the student population has access to a diverse range of educational possibilities. As the number of residential areas has increased, so have the number of retail malls and supermarkets in this neighborhood and its adjacent districts.
#3 – KATONG/JOO CHIAT/SIGLAP- South East
Katong, Joo Chiat, and Siglap are just a few of the communities that make up Singapore’s East Coast. The East Coast is perhaps one of the most popular residential districts to acquire real estate for a variety of reasons. The district’s greatest appeal, though, is that it has a good mix of landed residences and condominiums. These residential communities are blessed with ocean views and a pleasant sea breeze.
Another factor is the local cuisine. Local cafés and eateries line the streets of Katong and Joo Chiat, making the East Coast district a food paradise. Katong laksa is a well-known delicacy in the area, and it is one of Singapore’s most popular dishes both among locals and tourists.
The area is also family-friendly with numerous playgrounds and parks for families to stroll and bond around.
Most people opt to live in the eastern coastal neighborhood of Singapore because of its laid-back atmosphere. There are many different types of residences to select from. This includes shophouses, condos, and landed estates. Moreover, there are several supermarkets, a few shopping malls, vintage shops, pubs, restaurants, kindergartens, and schools to choose from. If you want to be away from the noise of city life, the East Coast is the place to go.
#4 – NOVENA/ROBERTSON QUAY – Central
The Central area is home to affluent residential houses, commercial complexes, and food outlets. Robertson Quay and Novena are among the neighborhoods in the region.
Novena is a residential district in Singapore’s Central Region that comprises primarily mid-to-high-end private residential units, with relatively few public housing options. With the construction of numerous new and stunning retail malls in the previous two decades, Novena has been considered a shopper’s paradise.
Robertson Quay on the other hand is a local favorite spot for a night out with friends or family. The neighborhood features a diverse mix of foreign and local restaurants, cafés, art galleries, wine bars, and residential units, making it an attractive location for both locals and tourists. It is nestled at the furthest reaches of the Singapore River and is one of three main wharfs in Singapore, along with Boat Quay and Clarke Quay.
The majority of the properties in the neighborhood are condo units and landed houses. Usually, the people who live here must regularly commute into and out of the central business district for work. The district’s recent growth into a thriving commercial district has further attracted a vast range of homeowners and potential property buyers throughout the years. This results in a considerable increase in the area’s population.
#5 – TOA PAYOH/BALESTIER
The two major town centers in District 12 are Toa Payoh and Balestier. The area is very accessible and offers a good mix of affordable public and private housing.
Many shops line the streets of Toa Payoh Town Centre. The mall is L-shaped, with two plazas. In the first plaza, there is a branch library and a cinema, while in the second plaza, there is an area office and a post office. The HDB headquarters are located at HDB Hub, a major commercial complex that is immediately connected to the Toa Payoh MRT Station and houses the air-conditioned Toa Payoh Bus Interchange.
Balestier on the other hand is a historic district located in the central district of Singapore. The area boasts plenty of shopping malls and food centers which makes the area part of the most popular residential districts to live in.