5 Most Affordable 5-Room HDB Flats In Central Singapore From $720K


With the rise of million-dollar HDB flats capturing attention, this week, we highlight five 5-room units in central hotspots such as Ang Mo Kio and Toa Payoh, priced from $720K for those seeking more affordable alternatives.
Missed last week? You can view the previous issue here.
You can also join our free weekly newsletter so you stay up to date on our latest curations weekly.
Now let’s get on with the list of curated units this week!

1437 Ang Mo Kio Avenue 10




$720,000
Attribute | Info |
Address | 437 Ang Mo Kio Avenue 10 |
Tenure | 99-year Leasehold |
Size | 1,281 SQFT |
$PSF | $562.06 PSF |
Developer | Housing & Development Board (HDB) |
TOP | 1978 |
Why I like it
Located under a 10-minute walk to Ang Mo Kio MRT Station (North-South line) and AMK Hub, the surrounding area is littered with numerous eateries and two wet markets and food centres. Not only that, it is also within walking distance to the Bishan – Ang Mo Kio Park and Ang Mo Kio Town Garden for pockets of greenery to enjoy the outdoors.
The unit is sized at a spacious 1,281 square feet and it comes with an efficient and squarish layout to maximise liveable space. It has three bedrooms, two bathrooms, a store room and a balcony in the living and dining area.
The flat is kept mostly in its original condition, though the current owners have decided to knock down the kitchen walls to create an open-concept kitchen instead. This makes the living area feel more spacious and circular.
Lastly, this unit is located in a point block, which has been preferred for more privacy.
– Ryan

2138 Bishan Street 12







$835,000
Attribute | Info |
Address | 138 Bishan Street 12 |
Tenure | 99-year Leasehold |
Size | 1,280 SQFT |
$PSF | $652.34 PSF |
Developer | Housing & Development Board (HDB) |
TOP | 1986 |
Why I like it
Located in Bishan, this unit would be a great match for families who prioritise having a spacious home while being near key amenities. This 5-room flat is sized at 1,280 square feet and features a dumbbell layout, which is generally preferred for space efficiency.
It comes with four bedrooms, along with two bathrooms, a store room, a kitchen and a balcony in the living area. Most of the walls in this apartment are hackable to allow for a more customisable layout, which is ideal for families who need flexibility.
Bishan MRT Station (North-South and Circle line) and Junction 8 are located a 13-minute walk away, though the estate is surrounded by two other wet markets, a food centre and numerous eateries, too. The park connector that leads to the Bishan – Ang Mo Kio Park is nearby as well.
For families with schooling children, the block is located within a 1-km radius of the popular Pei Chun Public School.
– Druce

3672A Klang Lane








$858,000
Attribute | Info |
Address | 672A Klang Lane |
Tenure | 99-year Leasehold |
Size | 1,130 SQFT |
$PSF | $759.29 PSF |
Developer | Housing & Development Board (HDB) |
TOP | 2002 |
Why I like it
Little India might not be a typical estate that homeowners would have in mind but this unit located along Klang Lane has much to talk about.
Apart from being surrounded by a wide variety of amenities such as Tekka Market, City Square Mall, Mustafa and many eateries, it is located within a 15-minute walk to four MRT Stations. This includes Little India (North-East and Downtown line), Farrer Park (North-East line), Jalan Besar and Rochor (both on the Downtown line) Stations.
Furthermore, it is a short walk to the park connector that leads to the Kallang Riverside Park for scenic bike rides or jogging routes.
This unit is sized at 1,130 square feet and offers a spacious layout of three good-sized bedrooms, two bathrooms, a kitchen and a store room accessible from the living area.
The master bedroom is uniquely spacious and is able to comfortably accommodate a small study area. Furthermore, the living area features double-volume windows to make the space feel more open and wide.
As the unit is situated on a high floor, homeowners can enjoy unblocked views of the city and nearby greenery, along with natural light throughout the home.
– Ryan J.

4239 Lorong 1 Toa Payoh








$888,000
Attribute | Info |
Address | 239 Lorong 1 Toa Payoh |
Tenure | 99-year Leasehold |
Size | 1,313 SQFT |
$PSF | $676.31 PSF |
Developer | Housing & Development Board (HDB) |
TOP | 1986 |
Why I like it
Families on the lookout for a well-connected, spacious, high-floor unit with a wide variety of amenities nearby might find this unit a rare find.
Located a 7-minute walk from Braddell MRT Station (North-East line), this connects residents to Orchard MRT Station in four short stops. Additionally, the block is under a 15-minute walk to five different wet markets and food centres, with the popular Pei Chun Public School located within a 1-km radius.
The unit is a spacious 1,313 square feet and offers a squarish layout. It comes with three bedrooms, two bathrooms, a kitchen with a store room, and a uniquely long balcony stretching across the living and dining area.
It is located on a high floor in a point block, offering a tranquil and private environment to come home to.
– Cheryl

5121 Mcnair Road








$898,000
Attribute | Info |
Address | 121 Mcnair Road |
Tenure | 99-year Leasehold |
Size | 1,303 SQFT |
$PSF | $689.18 PSF |
Developer | Housing & Development Board (HDB) |
TOP | 1986 |
Why I like it
For those living in Central Singapore, it’s rare to have a quiet environment to come home to. In this case, McNair Road is located along a more muted part of Boon Keng, though it is still within walking distance of key amenities.
The block is located within a 10-minute walk to Boon Keng MRT Station (North-East line) and a 15-minute walk to Farrer Park MRT Station (North-East line) and City Square Mall. In addition to that, Bendemeer Market and Food Centre is located close by for accessible food and grocery options.
As green spaces are crucial for maintaining a balanced lifestyle, I also enjoy the fact that it is a short walk to the park connector that leads to Kallang Riverside Park.
This unit is sized at a spacious 1,303 square feet and is sitting on a high floor, allowing it to enjoy unblocked views of the neighbourhood skyline.
That said, the original floorplan features an efficient and squarish layout with three good-sized bedrooms, two bathrooms, a store room accessible from the kitchen and a balcony in the common living area.
The current owners have decided to level out the balcony and the space can be used as a study area. Overall, it is a functional home with a well-connected location.
– Sean
Read next from On The Market

On The Market 5 Cheapest 4-Room HDB Flats Near An MRT From $468k

On The Market 5 Biggest Resale HDB Flats Above 1,700 Sqft From $950k

On The Market Freehold Penthouse Units From $2,316 Psf: A Look At The Newly-Built Ikigai In Novena

On The Market 5 Affordable Almost New 3-Bedroom Condos Priced Under $1.5m
Latest Posts

Property Picks The Cheapest 2 And 3-Bedder Condos Within 1km Of Top Primary Schools—From Just $1 Million (Part 2)

Units Of The Week 5 Cheapest 5-Room HDB Flats Near An MRT From $609k

Homeowner Stories I Almost Sold My Home In Singapore—Here’s Why I’m Glad I Rented It Out Instead

Property Picks These Are The Cheapest 2 And 3-Bedder Condo Units Within 1km Of Popular Primary Schools (Part 1)

Editor's Pick The Worst Property I Ever Bought (And Why We’re Launching Paid Property Content)

Pro We Analysed 8 Years Of 1-Bedroom Condo Data In Central Singapore: Here’s What Investors Should Know

Pro Where You Can Buy A Resale 3-Bedder For The Price Of A New 2-Bedder In 2025

Pro Why 3-Bedders May Be The Smarter Investment (Over 2-Bedders) In 2025: Here’s The Breakdown

Pro Which Singapore Regions Offer The Best Value For Two-Bedder Condos Today? (Resale vs New Launch)

Property Market Commentary What DIY Property Buyers In Singapore Might Miss Out On (And Why It Matters)

Editor's Pick Why This Singapore Homeowner Wakes At 5AM To Commute – And Has Zero Regrets

Editor's Pick Can Singapore Property Prices Come Down In 2025?

Editor's Pick Touring Rare Freehold Conservation Shophouses In Cairnhill (From $7 Million)

Editor's Pick “We Treated Our Flat As A Liability” How One Couple Paid Off Their HDB In 15 Years

Editor's Pick Condo Profits Averaged $270K In 2024 Sub Sales: Could This Grow In 2025?
