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7 Cheapest Resale HDB Flats for Young Couples Under 300k (With Cost Breakdown!)

·9-min read

ICYMI, HDB resale flats are now more popular than ever, and prices are going up, up and up.

Build-to-Order (BTO) flats have traditionally been the go-to option for young couples looking for an affordable first home, but the COVID-19 pandemic has made such homes a bit less attractive, as many BTO projects are expected to be delayed by at least a year, adding to an already lengthy wait of three to four years.

Resale flats are the obvious alternative. For starters, resale flat buyers can move in almost immediately after the sale is completed.

Other advantages include a more spacious layout (particularly for older flats), and the possibility of more generous CPF Housing Grants through schemes like the Proximity Housing Grant, which is doled out to encourage buyers to live near their parents or children and is only applicable to resale flats.

Resale flats are known to be more expensive than BTO flats, and recently, prices have been inching up further. In Q1 2021, the HDB Resale Price Index rose by 3.0%. But that’s not to say there aren’t any good deals out there that are more affordable for young couples and the budget conscious.

Here are our top picks under $300,000.

7 HDB Resale Flats Under 300k

All HDB resale flats listed in this guide 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.

In that case, don’t panic! You can search for similar properties for sale on PropertyGuru by filtering and sorting your searches by price and location. You can also specify your preferred number of rooms.

To help you estimate how much the properties will cost you upfront and in the long run, we’ve also broken down the property price into the downpayment and estimated monthly repayments. For this, we’ve assumed you make the minimum 10% downpayment for an HDB loan, and pay the rest with an interest rate of 2.6% for 25 years.

If you hope to get a bank loan instead, and need advice on planning how to finance your new HDB flat, our home loan advisors are just a click away.

Now, let’s get on with the seven HDB resale flats under $300,000:

3-Room Flat at 37 Jalan Rumah Tinggi

Property

3-room flat at 37 Jalan Rumah Tinggi

Price

$260,000

Downpayment (at least 10% for HDB loan)

$26,000

Mortgage repayments (based on 2.6% HDB loan for 25 years)

$1,062 monthly

Key features

Convenient city fringe location, high floor, nice view

This flat enjoys a great location on the city fringe, 10 minutes from Queenstown MRT and 11 minutes from Redhill MRT, taking you to the CBD in just a few minutes. The flat is also on a high floor and located within walking distance of amenities like IKEA and Anchorpoint Shopping Centre.

The low price can be attributed to the age of the flat, which received its Temporary Occupation Permit (TOP) in 1969 and is thus 52 years old.

View the listing here or search for other Redhill HDB flats on PropertyGuru.

3-Room Flat at 38 Circuit Road

Property

3-room flat at 38 Circuit Road

Price

$289,000

Downpayment (at least 10% for HDB loan)

$28,900

Mortgage repayments (based on 2.6% HDB loan for 25 years)

$1,180 monthly

Key features

Convenient location, high floor, new toilets

This 3-room flat located in Geylang enjoys excellent transport links, with MacPherson MRT on the Circle and Downtown Line just five minutes’ walk away, and Mattar MRT on the Downtown Line situated about six minutes’ walk away.

The flat was built in 1964 and is 57 years old, which may raise concerns around wear and tear. In this case, you’ll be glad to know that the toilets were recently renovated.

View the listing here or browse other Geylang HDB flat listings on PropertyGuru.

Related articles:

3-Room Flat at 121 Yuan Ching Road

Property

3-room flat at 121 Yuan Ching Road

Price

$278,000

Downpayment (at least 10% for HDB loan)

$27,800

Mortgage repayments (based on 2.6% HDB loan for 25 years)

$1,136 monthly

Key features

Low floor, renovated, partially-furnished

This 3-room flat is located a stone’s throw from the scenic Jurong Lake and surrounding parks, as well as about 18 minutes’ walk from Lakeside MRT. It was renovated not long ago and comes with a DVD player, audio system, living room furniture and dining room furniture. The Jurong East shopping district can be reached by public transport in about 30 to 35 minutes.

The flat received its TOP in 1971, which makes it 50 years old today. Its age and its suburban location make it one of the more affordable resale flats on the market.

View the listing here or browse other Jurong West HDB flat listings on PropertyGuru.

3-Room Flat at 306 Bukit Batok Street 31

Property

3-room flat at 306 Bukit Batok St 31

Price

$299,000

Downpayment (at least 10% for HDB loan)

$29,900

Mortgage repayments (based on 2.6% HDB loan for 25 years)

$1,221 monthly

Key features

Fully-furnished, renovated, bright

Located about seven minutes’ walk from Bukit Gombak MRT, this 3-room flat in the West of Singapore is sold fully-furnished and was renovated about five years ago. It is housed in a 1984 property which, at 37 years of age, is relatively young for a flat at this price.

The low price can be attributed to its location, which is quite a distance from the city centre. However, the nearest MRT station being within walking distance mitigates this inconvenience somewhat. Plus, with many of us moving towards flexible and remote working arrangements, this may be but a small trade-off.

View the listing here or browse HDB flat listings in Bukit Batok on PropertyGuru.

3-Room Flat at 88 Commonwealth Close

Property

3-room flat at 88 Commonwealth Close

Price

$260,000

Downpayment (at least 10% for HDB loan)

$26,000

Mortgage repayments (based on 2.6% HDB loan for 25 years)

$1,062 monthly

Key features

Convenient location, corner unit, nice view, spacious

This flat enjoys an attractive location just four minutes’ walk from Commonwealth MRT and 10 minutes from Holland Village MRT. It is a corner unit that is slightly more spacious than similar 3-room flats and enjoys a nice view of surrounding greenery.

Again, its low price is likely due to its age. As a 1964 flat, it is already 57 years old. As you would have probably already noticed, this is not surprising for 3-room flats under $300,000.

View the listing here or see other HDB flat listings in Commonwealth on PropertyGuru.

3-Room Flat at 20 Chai Chee Road

Property

3-room flat at 20 Chai Chee Road

Price

$268,000

Downpayment (at least 10% for HDB loan)

$26,800

Mortgage repayments (based on 2.6% HDB loan for 25 years)

$1,095 monthly

Key features

Renovated, low floor

Located about 11 minutes’ walk from Bedok MRT in a popular mature estate, this 3-room unit comes with a utility room and is situated on a low floor. It is located a short walking distance from ESR BizPark @ Chai Chee.

This is a 49-year-old flat which received its TOP in 1972.

View the listing here or see other Bedok HDB flat listings on PropertyGuru.

Related articles:

3-Room Flat at 119 Lorong 1 Toa Payoh

Property

3-room flat at 119 Lorong 1 Toa Payoh

Price

$278,888

Downpayment (at least 10% for HDB loan)

$27,888.80

Mortgage repayments (based on 2.6% HDB loan for 25 years)

$1,139 monthly

Key features

Convenient location, low floor

Located in a popular mature estate, this 3-room flat enjoys a convenient location with multiple transport links. It is located about four minutes’ walk from Braddell MRT, eight minutes’ walk from Caldecott MRT and 11 minutes’ walk from Toa Payoh MRT. When the Thomson-East Coast Line opens, residents will have direct access to three MRT lines.

The flat received its TOP in 1967, which makes it 54 years old, hence the low price.

View the listing here or check out other Toa Payoh HDB flat listings on PropertyGuru.

Why Are These HDB Resale Flats So Cheap?

If you made it this far, you would notice that most 3-room HDB flats at this price point (under $300,000) are around 50 years old or older. Depending on what you hope to achieve with your new home, they may or may not be suitable for you.

If you have a tight budget and need a new home within the next few months, then these are great options to consider! Older flats are typically more spacious than new ones of the same type, and many of these are also newly renovated. This basically makes them move-in ready for you and your family.

However, if you’re planning to sell the property in the near future and hope to turn a profit, then you may want to think twice about the decaying lease.

Related article: 5 Ways The Government Can "Save" Ageing HDB Flats in Singaporev

More FAQs on HDB Resale Flats in Singapore

Can Singles Buy Resale HDB Flats?

Single Singapore citizens aged 35 and older can buy resale HDB flats.

Are Resale HDB Flats More Expensive Than BTO Flats?

Yes, resale flats tend to be more expensive than BTO flats.

Are Resale Flats Worth It?

Resale flats have some advantages, such as enabling the buyer to move in immediately and many being located in mature estates. However, older resale flats can be harder to sell due to a shorter remaining lease.

Where Can You Find HDB Flats for Sale?

PropertyGuru is one of Singapore’s biggest listing sites for HDB resale flats.

For more property news, resources and useful content like this article, check out PropertyGuru’s guides section.

Are you looking for a new home? Head to PropertyGuru to browse the top properties for sale or rent in Singapore.

Already found a new home? Let PropertyGuru Finance's home finance advisors help you with financing it.

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