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There are different types of property in Singapore and 80 percent of the population stay in HDB flats also known as public housing. The rest of Singaporeans reside in private residential such as condominiums, walk up apartments and landed properties.
Singaporeans like to invest in new launch projects and resale private condos. Other real estate asset classes include the commercial retail shops and industrial units B1 or B2 which are not subject to Additional Buyer Stamp Duty (ABSD).
A landed house at Alwyn Park was just sold for a record-high of $2,599 psf for a total of $4.2 million. The 150 sqm is a freehold and is located along Hong Lee Place. This inter terrace has a land size of 1,615-sq ft.
The recent property transaction surpassed the previous record high in Alwyn Park. In July 2024, a terrace was sold for $2,326 psf ($3.95 million total). That terrace measures 1,697 sq ft.
These two resale transactions surpassed 2023's record high of $1,954 psf ($3.57 million total), which was set by a freehold terrace sold in September 2023.It is a bigger unit with land size of 1,826 sq ft.
Alwyn Park is a freehold landed residential estate located along Hong Lee Place in District 19 (Hougang / Kovan area), Singapore.
It is a relatively small and low-density development consisting of terrace-style landed homes, completed around 1992 by Alwyn Development Pte Ltd.
You can check all the transactions (and more) for Alwyn Park using our research tools.
The terrace should appeal to parents with school-going children, as they are within walking distance of several schools, including St. Gabriel's Primary School, Maris Stella High School (Primary), Kuo Chuan Presbyterian Primary School, Peicai Secondary School, Maris Stella High School and Paya Lebar Methodist Girls' Secondary School. Nearby subway stations include Kovan, Lorong Chuan and Serangoon. Shopping can be done in places like Cold Storage, FairPrice Xtra NEX and Giant Express.
More than 18,000 Housing and Development Board (HDB) flats across Singapore have been selected for upgrading under the Home Improvement Programme (HIP), with the Government allocating over S$253 million to improve ageing homes and enhance residents' living conditions.
Announcing the latest round of upgrades on May 16, Second Minister for National Development Indranee Rajah said the programme will benefit households in 198 HDB blocks spread across 12 towns, including Bedok, Bishan, Bukit Batok, Bukit Merah, Tampines and Woodlands.
Speaking at a Neighbourhood Renewal Programme public consultation event in Bukit Batok, Ms Indranee encouraged residents to participate in the scheme, particularly households with elderly family members.
"Please encourage your family and friends to sign up for the programme, especially if they have seniors in their households, so they too can benefit from these heavily subsidised improvements," she said.
What Is the Home Improvement Programme?
Launched in 2007, the HIP helps owners of older HDB flats address common maintenance issues caused by ageing buildings. These include problems such as spalling concrete, ceiling leaks and other wear-and-tear defects. The programme also introduces improvements that enhance safety, comfort and convenience within homes.
The latest batch of selected flats covers the following estates:
Bedok: Blocks 650–672 Jalan Tenaga/Jalan Damai
Bishan: Blocks 288–293 Bishan Street 22/24
Bukit Batok: Blocks 288A–288G and 289A–289G Bukit Batok Street 25
Bukit Merah: Blocks 12–14 Jalan Bukit Merah and 35, 36, 38–40 Jalan Rumah Tinggi
Bukit Panjang: Blocks 513–532 Jelapang Road
Choa Chu Kang: Blocks 442–448 and 469–474 Choa Chu Kang Avenue 3/4
Jurong West: Blocks 639–647 Jurong West Street 61
Pasir Ris: Blocks 700–725 Pasir Ris Drive 10/Street 72
Sengkang: Blocks 205A–206D Compassvale Lane
Serangoon: Blocks 543–554 Serangoon North Avenue 3
Tampines: Blocks 352–363 Tampines Street 33/34
Woodlands: Blocks 351–371 Woodlands Avenue 1/5, 748–763 Woodlands Circle/Avenue 4/6, and 769–779 Woodlands Crescent/Drive 60
Essential and Optional Improvements
HIP consists of two key components: essential improvements and optional upgrades.
Essential improvements focus on addressing critical maintenance and safety issues in older flats. These works are fully funded by the Government for eligible Singaporean households.
Optional improvements, meanwhile, allow residents to choose enhancements such as new entrance doors and refuse chute hoppers. These upgrades are heavily subsidised, with homeowners paying as little as 5 per cent of the total cost depending on their flat type.
For the full optional improvement package:
Flat Type
Owner Pays
Government Pays
1-, 2-, 3-room
S$599.50
S$11,390.50
4-room
S$899.25
S$11,090.75
5-room
S$1,199.00
S$10,791.00
Executive
S$1,498.75
S$10,491.25
A four-room flat owner, for example, pays just 7.5 per cent of the total package cost, while the Government covers the remaining 92.5 per cent.
Strong Take-Up Since Launch
Including the latest selection, approximately 512,000 flats—equivalent to about nine in ten eligible HDB flats—have been chosen for HIP since its launch.
Of these, nearly 409,000 flats have completed upgrading works, demonstrating the programme's extensive reach across Singapore's public housing estates.
As of March 31, 2025, the Government has spent around S$5 billion on HIP.
Additional Support for Seniors Through EASE
Households selected for HIP can also opt for improvements under the Enhancement for Active Seniors (EASE) programme, which provides senior-friendly fittings to improve accessibility and safety at home.
Popular EASE installations include:
Grab bars
Wheelchair-friendly ramps
Slip-resistant bathroom floor treatments
Since April 2024, HDB has expanded the programme to include additional features such as:
Rocker light switches
Home fire alarm devices
Bidet sprays
Wall-mounted foldable shower seats
Like HIP's optional upgrades, EASE improvements are heavily subsidised. Eligible Singaporean households pay between 5 per cent and 12.5 per cent of the installation cost, depending on flat type.
For a four-room flat, residents pay:
S$35.95 for slip-resistant treatment in two bathrooms
S$21.25 for a single-step ramp
S$39.20 for the first set of grab bars
Since its launch, about 379,000 households have benefited from EASE, with Government spending reaching approximately S$190 million as of March 31, 2025.
Households not eligible for HIP may still apply directly to HDB for EASE installations under the Direct Application scheme.
Neighbourhood Renewal Programme Complements HIP
Ms Indranee also highlighted the role of the Neighbourhood Renewal Programme (NRP), which focuses on upgrading shared facilities and public spaces within HDB estates.
Last month, National Development Minister Chee Hong Tat announced 17 new NRP projects worth more than S$130 million, benefiting close to 20,000 households.
Since 2007, a total of 263 NRP projects have been implemented across Singapore.
Ms Indranee noted that while HIP rejuvenates the interior of homes, the NRP enhances the surrounding environment and communal spaces.
"These upgrading programmes work hand in hand as part of our broader efforts to keep your HDB estates vibrant, safe and comfortable as the estates get older," she said.
Outlook
The latest HIP announcement underscores the Government's continued commitment to maintaining Singapore's ageing public housing stock. With substantial subsidies covering the majority of upgrade costs, homeowners can enjoy improved living conditions while ensuring their flats remain safe, functional and attractive for years to come.
As more estates mature, programmes such as HIP, EASE and the Neighbourhood Renewal Programme will play an increasingly important role in preserving the quality and value of Singapore's HDB communities.
A landed property at Hoover Park was just sold for a record-high of $7.8 million ($2,621 psf). The 276 sqm is a freehold and is located along Chun Tin Road. The land size is equivalent to 2,975-sq ft.
The recent property transaction surpassed the previous record high in Hoover Park. In October 2024, a landed house was sold for $6.5 million ($1,816 psf) although it has a bigger land size of 3,578 sq ft.
These two resale transactions surpassed 2023's record high of $5.65 million ($2,009 psf), which was set by a freehold semi detached house sold in March 2023.Its land size is 2,811 sq ft.
Hoover Park is a prestigious freehold development in District 21, nestled along Lorong Pisang Emas near Yuk Tong Avenue in the Clementi Park and Upper Bukit Timah enclave. The enclave also extends along Chun Tin Road, attracting expats, families, and professionals seeking spacious living with modern conveniences.
Developed in 1970, Hoover Park comprises 88 units of terrace and semi-detached homes, with units ranging from four to nine bedrooms. Home sizes typically span 1,690 to 4,500 sq ft, making them ideal for families or those who work from home. Many units retain original charm with high ceilings and large windows, lending themselves well to renovations that enhance both character and value.
Despite its peaceful setting, Hoover Park is within walking distance of Beauty World MRT, providing residents with easy access to the rest of Singapore. The enclave is also close to Bukit Timah Market, the Cheong Chin Nam food street, and Bukit Timah Shopping Centre, ensuring everyday conveniences are well within reach.
You can check all the transactions (and more) for Hoover Park using our research tools.
The semi-detached should appeal to parents with school-going children, as they are within walking distance of several schools, including Bukit Timah Primary School, St. Anthony's Primary School, CHIJ Our Lady Queen Of Peace, Bukit View Secondary School, Swiss Cottage Secondary School and Hillgrove Secondary School. Nearby subway stations include Beauty World, King Albert Park and Hume. Shopping can be done in places like FairPrice Finest Bukit Timah Plaza, Giant Supermarket - Beauty World Centre and FairPrice Xpress.
Three new MRT stations — Keppel, Cantonment, and Prince Edward Road — open on 12 July 2026, completing the orange line's long-awaited ring.
It has been a long time coming. When the Circle Line first opened its doors in 2009, Singaporeans were told it would one day form a complete loop around the city. Seventeen years later, that promise is finally being kept.
On 12 July 2026, three new MRT stations — Keppel (CC30), Cantonment (CC31), and Prince Edward Road (CC32) — will open for passenger service, completing the sixth and final stage of the Circle Line (CCL6). The 4km extension bridges the gap between HarbourFront and Marina Bay, turning what was an arc into a true circle.
Acting Transport Minister Jeffrey Siow made the announcement, capping what has been a drawn-out journey delayed by the COVID-19 pandemic and tunnel strengthening works.
A New 39km Loop, 33 Stations Strong
With the addition of the three stations, the Circle Line will span 39km and serve 33 stations — linking to every other existing MRT line through 12 interchange stations, according to the Land Transport Authority (LTA).
The practical upshot for commuters is significant. Travellers going from HarbourFront to Marina Bay will no longer need to change trains, cutting journey time by around 10 minutes. Those coming from the west and south of the island will also find faster, more direct routes into the city centre, bypassing the often-congested Raffles Place and City Hall interchanges.
To support the expected surge in ridership, 23 new trains have been purchased and will be deployed when CCL6 begins operations.
A Closer Look at the Three Stations
Each of the new stations has its own character, shaped by its surroundings and a deliberate design philosophy.
Keppel (CC30) sits across from Keppel Distripark and holds the distinction of being the only MRT station in Singapore with an underground bicycle park, complete with accessible ramps — a nod to the country's push towards car-lite living.
Cantonment (CC31) is perhaps the most historically resonant of the three. Integrated with the old Tanjong Pagar Railway Station — a conserved national monument — the station places commuters steps away from Tanjong Pagar Distripark and closer to the Singapore Art Museum galleries housed within its heritage warehouse buildings.
Prince Edward Road (CC32) is located along the outer edge of Shenton Way in the CBD. Its design draws inspiration from the hull of a ship, a subtle maritime motif that rewards those who look for it.
Free Preview on 4 July
Before the official launch, the public will have a chance to experience the new stretch free of charge. On 4 July 2026, commuters can ride along CCL6 at no cost between 9.30am and 9.00pm.
LTA is also organising a "Circle Line 6 Quests" photo hunt on preview day, taking participants through the three stations and nearby landmarks. A hundred lucky submissions stand to win FairPrice vouchers worth up to $50 each.
Further activities will be announced on LTA's social media channels in the coming weeks.
The End of a Long Wait
The Circle Line's story is one of ambition meeting reality. Construction delays, a global pandemic, and engineering challenges all pushed the completion date back from the original target of 2025. But with opening day now firmly set for 12 July, Singapore's rail network takes another meaningful step forward — one that will quietly reshape the daily commutes of thousands of residents in the south and west of the island.
For those who have spent years watching the orange line stop short of a full circle on the MRT map, the wait is almost over.
CCL6 opens for passenger service on 12 July 2026. The free public preview takes place on 4 July 2026, from 9.30am to 9.00pm.
A private residential unit at Katong Gardens was just sold for a record-high of $3.78 million ($1,940 psf). The 181 sqm condominium unit enjoys freehold tenure and is situated along Tembeling Road. This unit is on the 1st to 5th floor range and its floor area is equivalent to 1,948-sq ft.
The recent property transaction surpassed the previous record high in Katong Gardens condominium. In May 2024, a 1,948 sq ft unit was sold for $3.35 million ($1,719 psf).
These two resale transactions surpassed 2022's record high of $2.9 million ($1,488 psf), which was set by a unit sold in July 2022.It is a similar size unit withe a floor area of 1,948 sq ft..
Katong Gardens is a freehold condominium located at 235–239 Tembeling Road in the heart of Singapore’s prestigious District 15. Developed by Pax Realty & Development Pte Ltd and completed in 1984, the low-rise development comprises just 80 residential units, offering residents a rare sense of privacy and exclusivity.
The condominium is well known for its generously sized apartments, lush landscaped surroundings, and tranquil living environment that is increasingly difficult to find in newer developments.
Situated within the vibrant Katong and East Coast enclave, Katong Gardens enjoys convenient access to Marine Parade and Marine Terrace MRT stations, East Coast Park, Parkway Parade, i12 Katong, renowned eateries, and a wide range of lifestyle amenities. Its freehold tenure, spacious layouts, and prime location continue to make it an attractive choice for families, owner-occupiers, and investors seeking long-term value in one of Singapore’s most sought-after residential districts.
You can check all the transactions (and more) for Katong Gardens using our research tools.
The condominium should appeal to parents with school-going children, as they are within walking distance of several schools, including Opera Estate Primary School, Kong Hwa School, Ngee Ann Primary School, Chung Cheng High School (Main), CHIJ Katong Convent and Geylang Methodist School (Secondary). Nearby subway stations include Kembangan, Tanjong Katong and Marine Terrace. Shopping can be done in places like Giant Express, FairPrice Xpress and Sheng Siong Supermarket.