When thinking of record-breaking HDB resale prices, you might imagine sprawling 4-room or 5-room flats, executive flats, or even rare landed HDB properties. It’s not often that a modest 1-room unit steals the spotlight. Priced at S$300,000, this Telok Blangah Crescent 1-room flat is officially the most expensive 1-room HDB resale in Singapore.
Table of contents
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- The national record breaking 1-room HDB resale
- A closer look at Block 7, Telok Blangah Crescent
- What are 1-room HDB resale prices looking like in 2024?
- Are affordable housing options for singles disappearing?
- The national record breaking 1-room HDB resale
The national record breaking 1-room HDB resale
Located at Block 7, Telok Blangah Crescent, this 1-room flat sits on the higher end of the low-rise building, somewhere between the 7th and 9th floors. Spanning 334 square feet, the unit – which has only 49 years and 6 months left on its lease – was sold at S$898 per square foot (psf).
It’s undeniable that S$300,000 is a hefty price for a 1-room flat, even in Singapore’s competitive property market. So, why the premium price tag?
A closer look at Block 7, Telok Blangah Crescent
While Block 7, Telok Blangah Crescent offers some conveniences, walking access to MRT stations isn’t one of them. The closest station is Redhill MRT (EW18), which is a 4-minute drive away. Fortunately, the area is well-served by several bus stops:
| Bus stop | Distance |
| ID 14259 – Block 11 | 0.099 km |
| ID 14269 – Block 10 | 0.11 km |
| ID 14281 – Safra Mount Faber | 0.213 km |
| ID 14249 – Block 1 | 0.253 km |
| ID 14279 – Block 25 | 0.273 km |
| ID 14241 – Opp Block 1 | 0.292 km |
| ID 14271 – Al-Amin Mosque | 0.299 km |
Looking for a property close to an MRT station of your choice? Check out 99.co’s MRT map here.
For daily essentials, there’s a Telok Blangah Crescent Market & Food Centre just a 2-minute walk away, featuring about 56 stalls to cover your grocery and dining needs.
In terms of nearby schools, the project has only one kindergarten in the immediate area. However, given that buyer profiles for these unit types are typically single individuals, this may not be a pressing concern. But if this isn’t the case, there are several primary schools within 1 km, including:
- CHIJ Kellock
- Gan Eng Seng Primary School
- Radin Mas Primary School
- Zhangde Primary School
For entertainment and shopping, the options are slightly farther out as popular spots like
Vivocity, Anchorpoint, IKEA Alexandra, Tiong Bahru Plaza, Great World City, and 100AM are within a 5 to 8 minute drive. For recreation, SAFRA@Mount Faber is just a 4-minute walk away. Feeling adventurous? Challenge yourself by exploring the Southern Ridges Trail right at your doorstep at Mount Faber Park!
Check your affordability with 99.co’s affordability calculator!
What are 1-room HDB resale prices looking like in 2024?
Over the years, prices for 1-room HDB flats have steadily increased. According to 99.co’s Researcher, the average price of 1-room flats in 2024 stands at S$253,700. While some buyers have paid significantly more – such as the recent S$300,000 transaction – this increase isn’t entirely surprising. In fact, the premium of about S$46,300, or 18.25% above the average, reflects how prices are rising steadily for these compact homes.
Here are the top 5 sales of 1-room HDBs so far:
| Date | Address | Floor | Price | Price (psf) |
| 11/2024 | 7 Telok Blangah Crescent | 7-9 | S$300,000 | S$898 |
| 10/2024 | 7 Telok Blangah Crescent | 4-6 | S$280,000 | S$838 |
| 11/2024 | 7 Telok Blangah Crescent | 10-12 | S$268,000 | S$802 |
| 11/2023 | 7 Telok Blangah Crescent | 10-12 | S$258,000 | S$772 |
| 08/2024 | 7 Telok Blangah Crescent | 7-9 | S$255,000 | S$763 |
Looking at both the table and image, it’s clear there’s been consistent growth. From 2023 to 2024, prices rose by 4.40%. Over the last three years, the growth reached 10.62%, and over five years, an impressive 38.98%. However, even among the top five sales, prices hover close to the current average by the fifth transaction. This suggests that while prices are climbing, they aren’t too off base and still remaining within a reasonable range for most buyers.
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Are affordable housing options for singles disappearing?
Data from HDB and Researcher shows that since 2022, nearly all 1-room HDB transactions have been concentrated at Block 7, Telok Blangah Crescent. This makes sense, as HDB has shifted its focus toward building larger units like 2-room, 3-room, 4-room, and 5-room flats, leaving fewer 1-room options available.
However, recent policy changes suggest that the tide might be turning for singles looking to own a home. For example, in the October 2024 BTO exercise, singles were allowed to apply for 2-room flexi flats across the island for the first time, a major shift from the previous policy that limited their applications to non-mature estates.
Additionally, starting in mid-2025, singles will receive priority access to Build-To-Order (BTO) flats under the new Family Care Scheme (FCS). This initiative, which previously benefited only married couples and their parents, will now allow unmarried children to apply for flats near or with their parents.
These changes come in response to increasing demand from singles. In fact, the October 2024 BTO exercise saw over 6,000 applications for 2-room flexi flats, highlighting the level of pent-up demand. Analysts predict that it could take at least 5 years for this demand to level off, even with shorter waiting times for some BTO projects, which can be as low as three years.
In the meantime, the limited supply of 1-room units, coupled with high demand, might continue to drive prices upward. Buyers might find themselves paying a premium, particularly for older flats that may not offer significant lease periods. That said, the growing availability of 2-room flexi flats for singles may eventually alleviate pressure on the 1-room market, potentially stabilising prices in the future. While these changes won’t produce immediate results, they offer hope for a more balanced market ahead.
Any Singles here? Would you pay S$300k for a 1-room HDB? Share your thoughts in the comments section below or on our Facebook page.
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