Finding hidden gems in Singapore’s private housing market: Bukit Panjang
In the first part of our #hackyourhousehunt series, we look at the residential offerings of Bukit Panjang, a residential town surrounded by verdant greenery
28 August 2024
Located in the northwest of Singapore, Bukit Panjang is a bustling, self-contained neighbourhood that has captured the imagination of young urban single professionals, double-income couples with no kids, single-nucleus families and inter-generation families.
Once a rural settlement in the early 1900s, the area has undergone major urban development across its seven subzones: Bangkit, Dairy Farm, Fajar, Jelebu, Nature Reserve, Saujana and Senja.
There, you will find high-rise and landed residential developments as well as a wide range of amenities including shopping malls, schools and recreational spaces that pay homage to its largely agricultural past.
A stable rental market
The volume of rental contracts in Bukit Panjang for private homes was stable between 2019 and 2023. Average rents of all three property types chalked up double-digit growth between 2021 and 2022, with the surge in demand for rental homes islandwide as renters were forced to renew their leases at higher rates due to an under-supplied market.
Living within nature
An eco-friendly environment, good amenities, accessibility to nature and competitive housing prices all combine to contribute to Bukit Panjang’s understated but steadily growing popularity among homebuyers.
Read full report here.
