District 24

District 24 in Singapore is an emerging residential area with a focus on low-key living and affordable housing. It is home to the new HDB town of Tengah, which is being developed as a forest town with a unique character. The district is served by MRT stations such as Tengah, Kranji, Lim Chu Kang, and Sungei Gedong. As a relatively new and upcoming area,

District 24 offers investment potential in the form of value-buys in an emerging forest city township. However, not all properties in this district appreciate equally, so thorough research is recommended for investment purposes.

In terms of the property market, there are various types of properties available in District 24, including condos, HDBs, and landed houses. The district is not yet expensive, and it retains a unique allure due to its emerging forest city and new HDB estate. As a result, it may appeal to individuals interested in affordable housing options and the potential for future appreciation.

Investment potentials

• ACS Primary relocation from Newtom to Tengah in 2030 is likely to boost demand for properties in this district. Properties located near popular primary schools are in high demand among both homeowners and investors. This is due to the priority admission given to students living in close proximity to these schools. As a result, such properties often command higher prices and are sought after for their potential rental yield. This trend is evident in the Singapore property market, where the proximity to reputable primary schools is a significant factor influencing property prices.
• Despite development since the late 1970s, resale prices for properties in Chua Chu Kang remains lower than average. This presents an opporutunity for property-owners to live in a a town with well-developed communal facilities at a relatively affordable price point. This is particularly appealing in the context of master-planned communities, which offer a strategic combination of neighborhood planning, amenities, and new homes.