Older Jurong East Flats Are Holding Their Value Surprisingly Well — Even After Lease Decay Kicks In

Jurong East is an interesting study for the HDB resale market considering how much urban transformation the region has seen in recent years. Until the 1990s, the region was characterised as a predominately industrial area; it was often considered far flung, inconvenient, and homes there were sometimes seen as a cheaper alternative compared to more central regions.

In 2026, Jurong East is now a major commercial hub and earmarked as Singapore’s second CBD, according to urban plans. How has this affected older flats in Jurong East, particularly those that predate the extensive changes?

In this week’s town-level deep dive, we focus on four-room and five-room flats in Jurong East.