#hackyourhousehunt
Finding Hidden Gems In Singapore’s Private Housing Market:
Bedok
In the second installment of our #hackyourhousehunt series, we look at the offerings of Bedok, the largest planning area in Singapore.
Bedok is the largest among all 55 planning areas in terms of resident population size at 279,510 and by number of dwellings with 108,143 public and private homes. In what is mostly a Housing & Development Board (HDB) area, there are pockets of private non-landed projects and landed locales, where landed homes comprise about 11.5% of the total housing stock.
Landed prices in the Bedok Planning Area remained below the average islandwide landed price for all Singapore in the past ten years, providing a bit more affordability for potential landed homebuyers. The key then would be capital appreciation, and there is enough evidence that landed sellers in Bedok have benefitted from this.
And why would there not be interested buyers in Bedok landed homes? After all, the commencement of operations of the Thomson-East Coast Line Stage 4 in June 2024 has infused new accessibility in the east of the island from Tanjong Rhu up to Bayshore, linking many landed homes in the Bedok Planning Area to the Central Business District (CBD), Orchard, and all the way to Woodlands and future Rapid Transit System (RTS) to Johor Bahru.
The announcement of the masterplan for the new Bayshore housing estate in October 2023 is an extension of Bedok Town, and promises a unique waterfront living experience where residents can look forward to distinctive waterfront homes, connecting neighbourhoods and vibrant streets with a wide array of amenities. In addition, there will be more parks and green spaces, offering more outdoor recreational spaces, complimenting a living environment that encourages active lifestyles and healthy living, an estate that will be smart and sustainable.
Over the long-term, Bedok Planning Area will have the best of all worlds – a mature estate with developed amenities and community that will graft in new vibrant growth areas, all connected to the rest of Singapore and even Johor Bahru.
Read more on Knight Frank’s latest research report of our #hackyourhousehunt series. Download the report below.