[Bigiron]

🏢 Do high-floor HDB flats appreciate more in value? The data may surprise you

HDB dwellers can be a practical bunch: in our interactions with homeowners and readers, many cite the hassle of long lift rides, or they feel top-floor living can be isolating. At the same time, we also know that many buyers do still chase units on higher floors.

READ: https://asia1.news/41VvRHj

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[Bigiron]

Do high-floor HDB flats appreciate more in value? The data may surprise you
 
Source: AsiaOne, published on 2025-03-22
 
Author: Not available
 
Theme: This article explores whether high-floor HDB flats generally appreciate more in value compared to lower floors. It analyzes data from resale transactions between 2020 and 2024 for 3-room, 4-room, and 5-room flats aged 10 to 19 years across various estates in Singapore.
 
Core Points:
 
- No universal rule for high-floor appreciation: The data reveals that higher floors don't necessarily command higher price gains. Several estates show strong low-floor performance, and in some cases, mid-level floors even outperform top floors.
 
- Estate and block-specific factors matter: Local amenities, MRT proximity, block design, and demographics play a significant role in influencing demand and appreciation, often outweighing the impact of floor height.
 
- Affordability plays a key role: For 3-room and 4-room flats, lower floors remain popular due to affordability, attracting buyers with budget constraints.
 
- Diverse preferences influence demand: Buyers prioritize different factors, such as accessibility, affordability, views, proximity to amenities, and mobility concerns, resulting in varied appreciation patterns across different floor levels.
 
Phenomenon:
 
The article presents numerous data tables showing the price growth of HDB flats across various estates and storey ranges. It highlights specific examples where:
 
- Ground floor units outperform higher floors: In Punggol, ground-floor 3-room units have seen higher price appreciation than other floors.
 
- Mid-level floors show superior gains: In Sembawang, the 20th-storey range has the highest appreciation for 3-room flats, while the 16th-storey band leads the pack in Hougang.
 
- Lower floors outpace higher floors: In Jurong West, lower floors for 4-room units have seen higher resale growth compared to higher floors.
 
- Bishan shows strong overall demand: Bishan demonstrates high appreciation across various floors for 5-room flats, indicating strong demand for larger units in a prime location.
 
Conclusion:
 
The article concludes that there is no simple "go for the top floor" or "always buy the cheaper low floor" rule when it comes to HDB flat appreciation. Instead, it emphasizes the importance of considering factors beyond floor height, such as location, amenities, block orientation, buyer demographics, and unit-specific details, to make informed decisions about HDB flat purchases.

[Alice Alicia]

You save 20% of your life not waiting for lift if you stay at the lowest floor.

[WhatDoYouThink!]

It's aso true that for some private estates, those at mid floors are more expensive than highers floors. And for units at the top floors, better check with management roof leaks are own problems or estate problems