5 Room HDB Floor Plan: How Much Cost Is The Average HDB Resale?

30 Sep, 2021

Are you looking for 5 room HDB renovation ideas? You’re not alone. 5 Room HDBs are a great option for those looking to purchase their first home and because of the need, there is an abundance of 5 Room HDB options on the market. 5 Rooms can also be beneficial if you want to keep your monthly expenses low and save money by living in a smaller space. With so many 5 Room HDB’s available, it may seem difficult to decide which one is right for you and your family – but don’t worry, we’ve got some helpful tips!

Finding the perfect balance between price and space

The following are the HDB standards for three, four, and five-room flats, as well as their average selling prices:

Floor space (sq m) Bedroom(s) Bathroom(s) Average resale price
3 room 60-65 2 2 $299,230
4 room 90 3 2 $482,275
5 room 110 3 2 $523,950


If you’re thinking about buying a BTO, use this calculator to figure out how much HDB housing loan you can get based on your salary. Then, using your loan amount, use this calculator to calculate your projected monthly instalments. It’s crucial not to overextend yourself, and you should always have rainy-day funds on hand in case of an emergency.Most young couples prefer 4 and 5 room flats if their budget allows, while 3 room flats are significantly smaller. First and foremost, you should consider how much money you make and what kind of HDB you can afford.

Couples applying for a BTO unit will also be eligible for the Special CPF Housing Grant if they are first-time applicants seeking for a 3 or 4 room flat and their combined income is less than $14,000. Depending on your income level, you could be eligible for up to $80,000 in grant money to help with your down payment.

Key considerations before you buy

If you’re thinking about buying a resale flat, keep in mind that BTOs from the 1990s had 10% more floor space on average than BTOs from 2000 onwards. What exactly does this imply? With a resale flat, you may be able to purchase a flat with less bedrooms while still having nearly the same amount of space.

Another consideration is whether or not you plan to have children soon, or whether your parents are likely to require assistance and move in the future, as both scenarios will necessitate some room for them.

The alternative is to upgrade, however this isn’t as simple as simply selling and repurchasing if your family grows unexpectedly. For starters, you have a 5-year Minimum Occupancy Period (MOP) during which you are not permitted to sell your flat or purchase any additional residential properties (be it private or public).

Second, you’ll have to pay a resale levy if you sell your property and acquire another BTO, which is $40,000 for a four-room flat and $45,000 for a five-room flat. Bottomline? You’ll be stuck with your first home for a long time, so make sure you plan ahead and think about what’s likely to happen in the near future.

Finally, consider your lifestyle and how it will affect the amount of space you require. If you have family who lives abroad and want to have an extra room for them to stay in when they visit, you’ll need more space. You’ll probably need a separate workstation if you work from home or run your own home-based business.

Also, remember to distinguish between must-haves and nice-to-haves. Continuing with the previous example, having a separate study is likely to be a must-have for individuals who work from home. But what if you need additional room for a walk-in closet?

That’s a nice feature to have. Similarly, the balcony and larger living room area you’ll get if you choose a 5 room flat over a 4 room flat are likely to be nice-to-haves – but these shouldn’t be important elements in your decision-making process unless you have plenty of cash.

Take the time to conduct additional research and assess the benefits and drawbacks of your buying decision, as it will have a long-term impact on you. Make certain you’re committing to something you can afford right now.

If you’re looking for a kitchen contractor in Singapore it may seem like there is an endless variety to choose from. The challenge becomes narrowing down your choices and finding the best fit for your specific needs. 

We would be happy to provide any consultation or guidance you need in order to make these decisions so that you can find what works best for your space. What Ideas You Might Want? Let us know by Contact with us.

1 North Coast Ave #04-10 Singapore 737663

enquiry@sheinterior.com.sg

+65 9484 1863

www.sheinterior.com.sg

enquiry@sheinterior.com.sg

enquiry@sheinterior.com.sg

+65 9484 1863

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