7 Most Affordable 5-room HDB Resale Flats in Singapore Under 500k

·7-min read
7 Most Affordable 5-room HDB Resale Flats in Singapore Under 500k
7 Most Affordable 5-room HDB Resale Flats in Singapore Under 500k

After a very long and trying pandemic full of lockdowns and restrictions, Singaporeans are finally starting to travel and return to the office. However, one pandemic-era, work from home (WFH) buying preference seems to be here to stay – the demand for more spacious homes.

Since last year, condo and HDB flat buyers have shown a shift in preference for larger and more spacious homesAs Singaporeans continue their search for the perfect home, HDB resale prices continue to rise as individuals continue to snap up the dwindling, limited pool of 5-room and larger HDB flats on the market.

Now, even far-flung neighbourhoods like Woodlands and Pasir Ris can now boast of million-dollar resale flats. So far, 163 million-dollar HDB flats have been transacted in the first half of the year. If this momentum keeps up, we’re looking at another record-breaking year for million-dollar flats, with over 300 of such flats being sold in 2022.

Luckily, it is still possible to find relatively affordable 5-room resale flats if you know where to look. Here are some affordable 5-room resale flats currently on sale on PropertyGuru for under $500,000.

5-room HDB Resale Flats Under $500,000 

All the HDB resale flats listed 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.

5-room HDB flat for sale in Singapore


404 Pandan Gardens


Segar Gardens


10 Marsiling Drive


688F Woodlands Drive 75


814 Jurong West Street 81


123 Marsiling Rise


480 Sembawang Drive


 If these HDB flats are not to your liking or you have a bigger budget, you can browse all 5-room HDB flats for sale on PropertyGuru.

5-room Flat at 404 Pandan Gardens: HDB Resale Price $450,000

Built in 1978, this 1,227 sqft unit in Jurong East will benefit greatly from the opening of the Jurong Region Line on the MRT network. It is located 7 minutes’ walk from the upcoming Pandan Reservoir MRT station and 12 minutes’ walk from the future Jurong Town Hall MRT station, both of which are scheduled to open in 2028.

The flats are also located about half an hour’s walk or a short bus ride away from the Jurong East commercial district with its popular malls like JEM and Westgate. Those who are intending to work in the Jurong Lake District will also benefit from living in the area.

Browse all HDB resale flats in Jurong East for sale on PropertyGuru.

5-room Flat at Segar Gardens: HDB Resale Price $499,000

If space is a priority, you can’t go wrong with this 1,184 sqft flat. Built in 2000, the home has been tastefully renovated in a resort-like style, with parquet timber flooring and a common bedroom that has been converted into a walk-in wardrobe and study area for the master bedroom.

Located at Segar Gardens in the Bukit Panjang area, the unit is a 4-minute walk from Segar LRT station, 7-minute walk from Fajar LRT station, and a 12-minute walk from Jelapang LRT station. Nearby amenities include Fajar Shopping Centre, Bukit Panjang Plaza, Greenridge Shopping Centre, and Hillion Mall.

Browse all HDB resale flats in Bukit Panjang for sale on PropertyGuru.

5-room Flat at 10 Marsiling Drive: HDB Resale Price $475,000

This 1,323 sqft corner unit was built in 1975, but it is in move-in condition thanks to its contemporary renovations and good maintenance by the owner.

It is located 13 minutes’ walk from Marsiling MRT and less than 20 minutes’ walk from amenities such as Marsiling Mall and Woodlands Town Park East. The unit is also located near amenities such as a wet market, shops and eateries.

Browse all HDB resale flats in Woodlands for sale on PropertyGuru.

5-room Flat at 688F Woodlands Drive 75: HDB Resale Price $490,000

Located 11 minutes’ walk from Admiralty MRT, this 1,183 sqft flat, built in 2002, is equipped with an HDB balcony area, enabling residents to enjoy fresh air from the comfort of home.

Nearby malls include Woodlands Mart, Sun Plaza and Vista Point, all located a short bus ride away. The area’s major mall, Causeway Point, is located about 3km away.

Browse all HDB resale flats in Woodlands for sale on PropertyGuru.

5-room Flat at 814 Jurong West Street 81: HDB Resale Price $499,000

This 1,302 sqft flat will benefit significantly from the opening of Jurong Region Line MRT stations. Gek Poh MRT station will be just 5 minutes’ walk away, Tawas MRT station will be 9 minutes’ walk away and Bahar Junction MRT station will be 10 minutes’ walk away. All three stations are scheduled to open in 2027.

Amenities in the vicinity include Gek Poh Shopping Centre, Pioneer Mall and the neighbourhood’s biggest shopping mall, Jurong Point.

Browse all HDB resale flats in Jurong West for sale on PropertyGuru.

5-room Flat at 123 Marsiling Rise: HDB Resale Price $445,000

At $445,000, this 1,356 sq ft flat is one of the most affordable 5-room flats on the market right now. The flat is situated on a low floor and built in 1984.

It is smack in the middle of Woodlands and Marsiling MRT stations, with each station being a 12-minute walk away. There are  coffeeshops and retail shops within a short walking distance of the property to fulfil your daily needs. Causeway Point, Woodlands Civic Centre, and Wood Square are nearby too.

Browse all HDB resale flats in Marsiling for sale on PropertyGuru.

5-room Flat at 480 Sembawang Drive: HDB Resale Price $490,000

This 1,184 sqft flat is located 9 minutes’ walk from Sembawang MRT station, which connects directly to Orchard and the CBD in Raffles Place without the need for any line changes. It was built in 1998.

Other than being near shopping mall Sun Plaza, the flat is also located minutes away from Woodlands Link and the Woodlands Loop industrial area, making it ideal for those who work in the area.

Browse all HDB resale flats in Sembawang for sale on PropertyGuru

Why Are These 5-room HDB Flats so Affordable? 

The majority of 5-room HDB flats priced under $500,000 are located in the north and west of Singapore, in neighbourhoods like Woodlands and Jurong West. These areas are considered somewhat inaccessible and are much further away from the city centre, so flats there tend to command lower prices.

In addition, cheaper 5-room flats tend to be on the older side, with some built over 35 years ago. Buyers should consider whether they could outlive their flat and be aware that the property’s value might depreciate as the flat’s lease runs down.

That said, against a backdrop of rising HDB resale prices, the number of large and cheap flats is dwindling. Million-dollar resale flats are not only becoming a more common occurrence but are also now arising in neighbourhoods that have been traditionally thought of as affordable. One of the next estates where we may see a bumper crop of million-dollar flats includes Yishun.

Related article: HDB Estates With Flats Trending Towards 1 Million Dollars: Where Will The Next Estate Be?

Thus, it is important to plan your finances to ensure you can comfortably afford your flat. Need help financing your home or calculating what you can afford? PropertyGuru has a suite of mortgage calculators and home loan tools that you can use for free. Or reach out to one of our friendly and knowledgeable Mortgage Experts for tailored financial advice, all at no cost!

Not sure how much you should be paying for your resale flat? The HDB resale portal enables you to check the prices of recent resale transactions. Or you can check median HDB resale prices for Q2 2022 here. Simply key in the flat type and HDB town you need information about and enter your desired timeframe.

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

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

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

This article was written by Joanne Poh. A former real estate lawyer, she writes about property and personal finance and spends her free time compulsively learning languages and roller skating in carparks.

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