The towns and estates in the Western part of Singapore aren’t the typical areas where we expect buyers to flock to for two-bedroom condominium units. Well-known neighbourhoods like Bukit Batok, Bukit Panjang, and Bukit Timah are established family areas, where demand tends to prefer larger sized units.
Although the perception among homeowners towards two-bedders have changed in recent years, these compact homes were once considered the choice for singles, younger couples, and investors.
Nonetheless, there are two-bedder units in these three neighbourhoods – Bukit Batok, Bukit Panjang, and Bukit Timah – that have recorded strong resale and capital performance. As attitudes toward these units evolve, there’s a good chance that it will renew interest in the resale market.
This week, we’ll analyse two-bedder condo units across Bukit Batok, Bukit Panjang and Choa Chu Kang to find the strongest performer over the past 10 years. This is the relatively unknown Hazel Park Condominium off Upper Bukit Timah Road.
Let’s unpack the reasons why this condo has performed so well in the two-bedder segment, as well as other attributes that led to its strong performance to date.
Top two-bedder units in the Bukit Batok, Bukit Panjang and Choa Chu Kang areas
To identify the strongest performer, we analysed the profitability of two-bedder units in all three areas over the past 10 years. We focused solely on subsale and resale transactions, and excluded new launch sales.
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