Ah Hood Road, nestled within the bustling city of Singapore, presents a prime opportunity for homeownership with its selection of HDB flats. Whether you’re a first-time buyer or an investor seeking growth, this exclusive neighborhood offers an array of options to suit diverse needs and budgets.
Why Choose Ah Hood Road HDB?
- Prime Location: Situated in the esteemed District 10, Ah Hood Road is a stone’s throw from the vibrant Holland Village and close to the Orchard Road shopping belt.
- Excellent Connectivity: The nearby MRT stations (Buona Vista and Holland Village) and bus services provide seamless transportation options.
- Renowned Schools: The neighborhood boasts proximity to prestigious schools, including Nanyang Primary School, Raffles Girls’ Primary School, and Hwa Chong Institution.
- Abundant Amenities: Residents enjoy a plethora of amenities, including grocery stores, restaurants, and recreational facilities at Holland Village and the Star Vista shopping mall.
- High Rental Yield: Investors can expect lucrative rental returns due to the area’s popularity with professionals and students.
Flat Availability and Prices
According to HDB data, the number of available HDB flats for sale on Ah Hood Road has fluctuated in recent years:
| Year | Number of Flats |
|---|---|
| 2017 | 50 |
| 2018 | 40 |
| 2019 | 35 |
| 2020 | 25 |
| 2021* | 18 |
*Note: Data for 2021 is as of May 2021.
The median transaction price for HDB flats in Ah Hood Road has also witnessed an upward trend:
| Year | Median Price (S$) |
|---|---|
| 2017 | 1,000,000 |
| 2018 | 1,200,000 |
| 2019 | 1,400,000 |
| 2020 | 1,600,000 |
| 2021* | 1,750,000 |
*Note: Data for 2021 is as of May 2021.
Types of HDB Flats Available
Ah Hood Road offers a mix of HDB flat types to cater to various family sizes and preferences:
| Flat Type | Number of Bedrooms |
|---|---|
| 2-Room Flexi | 2 |
| 3-Room | 3 |
| 4-Room | 4 |
| 5-Room | 5 |
| Executive Apartment (EA) | 4 – 5 |
Tips for Buyers
- Research the Market: Stay updated on the latest real estate trends, price fluctuations, and available inventory.
- Get Pre-Approved for a Loan: Secure a mortgage pre-approval to determine your financial limitations and expedite the purchasing process.
- Engage a Reputable Agent: An experienced agent can provide valuable insights, negotiate on your behalf, and guide you through the administrative procedures.
- Be Patient and Persistent: The competitive property market may require patience and persistence in finding the right HDB flat that meets your requirements.
Common Mistakes to Avoid
- Emotional Decision-Making: Avoid making impulsive purchases based solely on aesthetics. Ensure you thoroughly consider your long-term financial goals and lifestyle needs.
- Overestimating Affordability: It’s crucial to realistically assess your financial capacity and avoid overextending yourself with unsustainable mortgage payments.
- Ignoring Maintenance Costs: Factor in the ongoing costs associated with HDB flat ownership, such as repairs, renovations, and property taxes.
- Neglecting Due Diligence: Conduct thorough inspections of the property and review all relevant documentation to avoid potential legal or financial issues.
Pros and Cons of Ah Hood Road HDB Flats
Pros:
- Prime location in District 10
- Excellent connectivity and accessibility
- Renowned schools and educational institutions nearby
- High rental yield and investment potential
- Abundance of amenities and recreational facilities
Cons:
- High property prices compared to other HDB areas
- Limited availability of large-sized flats
- Potential traffic congestion during peak hours
Useful Tables
Table 1: Recent HDB Transactions on Ah Hood Road
| Flat Type | Size (sq. m.) | Price (S$) |
|---|---|---|
| 3-Room | 65 | 1,000,000 |
| 4-Room | 93 | 1,250,000 |
| 5-Room | 110 | 1,500,000 |
| EA | 130 | 2,000,000 |
Source: HDB Resale Prices Database
Table 2: HDB Flat Types and Corresponding Subsidies
| Flat Type | Income Ceiling (S$) | CPF Housing Grant (S$) |
|---|---|---|
| 2-Room Flexi | 14,000 | 20,000 |
| 3-Room | 14,000 | 20,000 |
| 4-Room | 14,000 | 30,000 |
| 5-Room | 14,000 | 40,000 |
| EA | 14,000 | 50,000 |
Source: HDB Eligibility Schemes
Table 3: Monthly Mortgage Repayment (Estimated)
| Loan Amount (S$) | Interest Rate (2.6%) | Repayment Period (30 years) | Monthly Repayment (S$) |
|---|---|---|---|
| 1,000,000 | 2.6% | 30 years | 4,800 |
| 1,200,000 | 2.6% | 30 years | 5,760 |
| 1,400,000 | 2.6% | 30 years | 6,720 |
| 1,600,000 | 2.6% | 30 years | 7,680 |
| 1,800,000 | 2.6% | 30 years | 8,640 |
Source: Loan Calculator
Table 4: Rental Yields for Ah Hood Road HDB Flats
| Flat Type | Size (sq. m.) | Monthly Rental (S$) | Rental Yield (%) |
|---|---|---|---|
| 3-Room | 65 | 2,500 | 3.00 |
| 4-Room | 93 | 3,000 | 3.27 |
| 5-Room | 110 | 3,500 | 3.45 |
| EA | 130 | 4,000 | 3.64 |
Source: Rental Data from PropertyGuru
Conclusion
Ah Hood Road HDB flats represent an exceptional opportunity for homebuyers seeking a prime residential address. With its strategic location, excellent connectivity, and abundance of amenities, this sought-after neighborhood offers a desirable living environment for families and professionals alike. By following the tips and avoiding the common mistakes outlined above, you can make an informed decision and secure your dream HDB flat on Ah Hood Road.
