We expect private resale prices to remain stable as a substantial number of potential HDB upgraders may be looking for private homes near their current residences. More flats will be reaching their five-year Minimum Occupation Period (MOP) nearby flats, which will likely support the price appreciation of homes in D18. In the nearby towns of Bedok, Tampines, and Pasir Ris, a total of 5,716 flats are set to reach their MOP between 2021 and 2024.

Furthermore, the prices of newer flats in these towns have been increasing significantly, which will benefit HDB homeowners wishing to upgrade to private homes.

For instance, median resale prices for HDB flats under 20 years old in these towns in 2024, based on statistics from data.gov.sg, have reached S$792,500 in Bedok, S$728,000 in Pasir Ris, and S$738,000 in Tampines. These figures represent increases of 34.3 per cent, 37.4 per cent, and 34.2 per cent, respectively, compared to median resale prices in 2019.

            As HDB resale prices continue to rise, we expect an increase in demand for private homes. HDB homeowners will face a smaller capital outlay when upgrading, making it easier for them to move to private properties. This shift will likely result in heightened demand for both new and resale private properties in D18, which should help support prices in the area.

2. D18 private homes are highly rentable

For those considering investing in rental properties, D18 could be a promising location. According to data from the Urban Redevelopment Authority (URA), private homes in D18 remain popular among tenants owing to the ample amenities and convenient access to other parts of Singapore.

In 2024, the number of rented non-landed private homes in D18 reached 3,419 units, showing strong growth compared to 2022 and 2023. Moreover, the median monthly rental has experienced significant appreciation, with a 34.6 per cent increase from S$2,600 in 2016 to S$3,500 in 2024.

            This demonstrates the strong rental demand for homes in District 18, as tenants are willing to pay for the advantages of living in this area.

With numerous major employment hubs and popular schools nearby, there will continue to be a high demand for housing in D18. Furthermore, as more MRT stations open in the vicinity, travelling around the area will become even more convenient.

D18 has become increasingly connected over the past few years, and it is expected to become even more accessible in the future. There are plans for further developments and improvements in D18, which will make living here even more desirable and convenient. By 2029, certain stations on the Cross Island Line in the east are set to be completed, enhancing mobility for residents. This new line will connect with various other MRT lines, such as the East-West Line and the North-East Line, allowing residents to travel easily to other parts of Singapore.

D18 will be near the upcoming redevelopment of Paya Lebar Airbase, which will become a new town hosting a commercial hub with many amenities and recreation facilities. The presence of the new town at Paya Lebar Airbase will also boost connectivity across other towns in Singapore

As the government moves forward with its decentralization plans in Singapore, employment hubs will be increasingly distributed across the island. More job opportunities are expected in the eastern region, beyond the current employment centres like Changi Business Park and Changi Airport. More clusters for the aviation and semiconductor industries will be established in Tampines North, Changi, and Pasir Ris, making commuting more convenient for residents working in these areas.

Many new amenities are being built across D18, making living in the area even more convenient and accessible. For example, more commercial and residential developments are planned at Tampines North and Tampines South, which will add new retail, dining, and recreational facilities for residents.

There are also many excellent schools in D18. The major development at the heart of D18, Our Tampines Hub, also serves D18 residents who are all within a short distance away.

Residents in D18 have easy access to a wide array of recreational options, such as the extensive Park Connector Network, which can bring residents to places like East Coast Park or Pasir Ris Beach.

Based on the investment potential and upcoming development plans, buyers should not wait too long to purchase a home in D18. They should take advantage of today’s opportunity to buy a condo within D18. Doing so will not only allow them to enjoy the attractive locational benefits and future developments, but also guarantee that their investment will yield financial benefits in the long run.