Is Tiong Bahru a good buy

Tiong Bahru is widely regarded as a desirable area for property buyers in Singapore due to its blend of historical charm, central location, and lifestyle amenities. Residential properties in Tiong Bahru include both HDB flats and private apartments, with recent sale prices for HDB units typically ranging from about 675,000 to 1.57 million dollars depending on size and location. Condominium prices generally average from about 2,290 to 2,886 per square foot for developments like The Regency at Tiong Bahru and Tiong Bahru Estate.

Key strengths of Tiong Bahru include:
- Proximity to central business districts and Orchard Road
- Heritage conservation status, providing distinctive architectural character
- Walking access to Tiong Bahru and Havelock MRT stations
- A strong rental market, with HDB and condominium rents robust and yields for some projects around 2.2 percent
- Vibrant F&B, retail, and supermarket options, including Tiong Bahru Plaza and supermarkets like NTUC FairPrice and Cold Storage

The area tends to hold value well due to limited supply, government conservation efforts, and high demand among both owner-occupiers and tenants. For buyers interested in central, city-fringe living with a heritage vibe, Tiong Bahru is considered a good buy by many property observers. However, prices are relatively high for both public and private housing compared to other mature estates in Singapore, so individual suitability depends on your budget and investment objectives.