Welcome to 941 Tampines Avenue 5, the place an Govt Maisonette flat exchanged fingers for S$1,141,888 just some days in the past. This can be a new file for Govt Maisonette flats in Tampines and the second highest HDB resale within the city’s historical past.
Let’s dive deep into the small print.
Desk of Contents
- The property: 941 Tampines Avenue 5
- Why the premium?
- Actual property tendencies in Tampines
- What it is best to know for those who’re shopping for a house in Tampines
The property: 941 Tampines Avenue 5
The Govt Maisonette flat at Block 941, Tampines Palmsville, has a two-storey structure and beneficiant flooring space of 1572 sq. toes (146 sq. metres). It presents a spacious dwelling expertise; a big draw for bigger households or these prioritising ample house.
Accomplished in 1988, the flat is roughly 37 years previous, with about 62 years left on the lease. Its enchantment stems from a mix of its measurement, flooring degree (10-12 storey), and its prime location.
The flat is 17 minutes’ stroll from Tampines Central, providing unparalleled entry to Tampines West (DT31), and Tampines (DT32/EW2) MRT stations. A number of bus stops, together with Block 938, Block 147, reverse Our Tampines Hub, and St. Hilda’s Secondary College, are conveniently situated inside a brief strolling distance.
There’s a playground proper subsequent to the block, and the 36.5 hectare Tampines Eco Inexperienced is 2.8km away; excellent for a weekend outing.
Households have a number of choices for education, starting from main colleges akin to Junyuan Main College (181m), MOE Kindergarten @ Junyuan (242m), Tampines Main College (900m), and St. Hilda’s Main College (1.1 km).
There are additionally a number of secondary colleges close by together with Tampines Secondary College (round 390m), St. Hilda’s Secondary College (round 470m), and Junyuan Secondary College (round 910m).
Residents at Tampines Palmsville additionally get pleasure from proximity to main retail and life-style hubs like Tampines 1, Safra Tampines, Our Tampines Hub (Singapore’s largest built-in neighborhood and life-style hub), Century Sq., and Tampines Mall.
The world additionally boasts quite a lot of neighbourhood meals choices akin to coffeeshops, Tampines Spherical Market and Meals Centre and the hawker centre at Our Tampines Hub. 24-hour supermarkets are additionally obtainable at Tampines Hub and the Spherical Market.
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Why the premium?
Block 941, Tampines Palmsville, is a superb location, however the million greenback worth is not only for the handle! The HDB resale market in Singapore has seen intensified competitors, significantly for bigger models in mature estates. The variety of million-dollar flats offered throughout Singapore surged to 1,035 in 2024, doubling from 2023. This displays robust purchaser confidence and a willingness to pay larger costs for prime HDB properties.
The EXE flat in Block 941 is 1572 sqft in measurement. Wanting on the transaction information for related sized flats within the constructing, we’ve got:
Historic resale transactions for Block 941 Tampines Avenue 5 (2021-2025)
| Date | Ground Vary | Value (S$) | PSF (S$/sqft) | Flat Kind/Dimension (sqft) |
|---|---|---|---|---|
| Jun 2025 | 10-12 | 1,141,888 | 726 | EXE / 1572 |
| Might 2025 | 4-6 | 1,028,000 | 654 | 3-room / 1572 |
| Mar 2025 | 4-6 | 1,050,000 | 669 | 3-room / 1572 |
| Dec 2023 | 7-9 | 980,000 | 624 | 3-room / 1572 |
| Nov 2023 | 1-3 | 850,000 | 541 | 3-room / 1572 |
| Jun 2023 | 7-9 | 950,000 | 574 | 3-room / 1658 |
| Feb 2023 | 7-9 | 925,000 | 589 | 3-room / 1572 |
| Jul 2022 | 10-12 | 900,000 | 573 | 3-room / 1572 |
| Sep 2021 | 1-3 | 755,000 | 481 | 3-room / 1572 |
| Aug 2021 | 4-6 | 768,000 | 489 | 3-room / 1572 |
| Mar 2021 | 4-6 | 758,000 | 483 | 3-room / 1572 |
The info for Block 941 clearly exhibits an accelerating price of worth appreciation, particularly from 2022 onwards. The bounce from S$900,000 in July 2022 (related measurement and flooring degree) to S$1,141,888 in June 2025 represents a considerable 26.9% improve in lower than three years.
Govt flat costs alone rose by 6.2% between June 2023-2024. This speedy progress means that broader market forces, together with a persistent provide crunch and strong demand for bigger properties in mature estates, have pushed up costs for well-located, spacious models in fascinating cities like Tampines.
Actual property tendencies within the Tampines
Tampines, as Singapore’s first designated regional centre within the East, has constantly maintained a sturdy and dynamic actual property market. Its established infrastructure and complete facilities have made it a extremely most popular residential selection for a few years.
Tampines constantly ranks among the many most energetic HDB cities by way of transaction quantity. In 2024, it was among the many high 5 hottest HDB cities, accounting for about 35.9% of all HDB resales in Singapore. Particularly, Tampines recorded 1,961 models transacted in 2024, putting it fifth in general quantity.
Common resale worth development for Tampines HDB flats
| HDB Room Kind | Median Resale Value (S$) |
|---|---|
| HDB 3 Rooms | 490,000 |
| HDB 4 Rooms | 685,000 |
| HDB 5 Rooms | 813,444 |
| HDB Govt | 971,944 |
This desk clearly exhibits that Govt flats in Tampines command the very best costs, with common costs nearing S$1 million. Even smaller models have seen important appreciation, indicating broad-based worth will increase pushed by robust demand.
What it is best to know for those who’re shopping for a house in Tampines
Tampines has seen a notable surge in million-dollar HDB transactions. In 2024, the city skilled a exceptional improve, leaping from simply two models in 2023 to 21 models as of November 2024, a staggering 950% year-on-year improve. This locations Tampines among the many cities with a big variety of high-value transactions, reflecting its rising desirability and the general upward development within the HDB resale market.
The way forward for Tampines’ actual property market is about to be formed by ongoing city growth plans, evolving supply-demand dynamics, and broader financial components. The Cross Island Line (CRL) will considerably enhance connectivity, shortening commute occasions. Properties close to MRT stations usually see a worth premium of 5% to fifteen%, and the CRL’s in depth attain suggests an much more important affect.
The URA Grasp Plan 2019 had introduced roughly 8,000 new properties to be in-built Tampines South over the following 10-15 years, built-in with neighborhood amenities and parks. Combined-use developments, combining residential, industrial, and leisure areas, are additionally inspired, with properties in these areas anticipated to command larger costs.
Tampines will proceed to profit from main developments in adjoining Changi, such because the Changi Airport growth (together with Terminal 5) and the expansion of Changi Metropolis, creating extra job alternatives and sustaining housing demand.
Whereas 2025 sees low MOP provide (round 8,000 flats), that is projected to extend to 13,500 in 2026 and 19,500 in 2028. This anticipated improve is predicted to alleviate some stress on resale costs, significantly for residences in mature estates, together with Tampines. HDB additionally plans to launch over 50,000 BTO flats from 2025–2027, with 19,600 slated for 2025 alone. This elevated main market provide goals to soak up some demand from the resale market, doubtlessly moderating worth progress.
The demand for million-dollar HDB flats is, nonetheless, anticipated to stay robust, with projections indicating over 1,000 such transactions once more in 2025. As a mature city and regional centre, Tampines is predicted to exhibit robust worth assist. Its complete facilities, glorious connectivity (particularly with the CRL), and ongoing city rejuvenation initiatives will proceed to drive its property values and appeal to each patrons and traders.
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