Price analysis of BTOs in Tampines that have completed their MOPs
- Propanalytics
- Sep 3, 2020
- 3 min read
Updated: Sep 17, 2020
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In the last few weeks, we did analyses of BTOs in Sengkang and Punggol that have recently completed their MOPs. This week we take a look at Tampines.
Tampines 4RM Launch Price vs Resale Price Analysis
The median launch price of 4RM units in these newer developments in 2011/2012 was about $325,000 (C1).
Tampines GreenLeaf and Tampines GreenWood were launched together in 2011 at a price range of $288,000 to $361,000 for 4RM units. Although the calculation in the dashboard above uses a median of $324,500 for both developments, it is safe to assume that the the median launch price of units at Tampines GreenLeaf, given its location, could actually have been 5 - 10% higher. If the median launch price of Tampines GreenLeaf units were about $340,000, the % gain for the average 4RM unit from the development is about 66% (C2). This would mean that the average 4RM unit from both Tampines GreenTerrace and Tampines GreenLeaf rose by around 65% from its launch price.
On average, the least profitable estate seems to be Tampines GreenWood which has seen a price increase of just under 55% (C2). Although launched at the same price as 4RM units from Tampines GreenTerrace, units from Tampines GreenWood are fetching a median price of 500,000 in the resale market of late, the lowest of the lot.
Tampines 5RM Launch Price vs Resale Price Analysis
The median launch price of 5RM units in these developments in 2011/2012 was about $410,000.
Where strictly percentage price gains are concerned, on average 5RM units in Tampines GreenLeaf have risen by over 70% - just under $300,000 in absolute terms. (C5). Tampines GreenLace has only 1 transaction which may not necessarily be representative.
Other Tampines BTO Launches Since 2013
Tampines GreenForest, Tampines GreenEdge and Tampines GreenRidges are some estates that will be making their way into the resale market in the next few years (C7). Tampines GreenRidges was one of the first batch of flats to be built in the area around Tampines North, so resale prices there could be a good indicator of how resale units would fare in Tampines North, which is under-going major development (including an MRT station).
Not surprisingly, the 2 most expensive BTO projects in Tampines since 2012 were Tampines GreenSpring and Tampines GreenGem, near Tampines MRT and Tampines West MRT respectively (C7). Both these developments commanded an estimated 10 - 30% premium over other launches in Tampines in the last 3 years where median launch prices are concerned.
(C"X") refers to chart number and is intended to point to the relevant chart where the data is drawn from. (*) indicates that data is from a chart that is not displayed.
Launch prices are indicated by the thin black bar in C4 and C1. This is the middle value of the launch price range indicated in bto launch brochures. Note that some projects are launched together and separate pricing for individual projects is not provided. The term median, where launch prices are concerned, is an estimated median.
HDB data was downloaded from data.gov.sg BTO Launch price data was sourced from nas.gov.sg, hdb.gov.sg and other websites.
Data is as at 03/09/2020, i.e whatever was made available at the 2 sources as at the stated date. Transaction data above is up till July 2020.
Please contact us if there are factual inaccuracies. We will make changes, where necessary.
Please note that are a multitude of factors that affect prices of flats (renovation, floor, location, sqf etc) and some of the analyses may not account for every factor.
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