Executive Maisonettes– Few and far in between

A rare and dying breed of public housing properties indeed. Most savvy home buyer are aware of the rarity of these property types.

Woodlands Executive MaisonetteIn the last 10 years alone, prices of these HDB units with bigger spaces, usually two floor of spacious living area, have risen up to more than 100 per cent. Even more so especially since HDB has once again announced that they will not be building any more maisonettes.

The recent million-dollar public housing units sold in Bishan and Queenstown were also HDB executive maisonettes. As rare as HUDC units, many of which were privatised and sold en bloc, scarcity makes for higher buyer demand from property investors and home upgraders alike. A viable option between public and private property, executive maisonettes are perhaps for the select few who need the space and are able to afford the high prices.

More remote HDB estates such as Choa Chu Kang and Yishun still have a number of these executive maisonettes priced at under $400 psf, still a way to go from the $620 psf price tag of the recent million-dollar Queenstown maisonette. Is this an option more buyers are considering as private property prices continue to remain high?

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