New Reporter
25-09-23, 09:05
HDB flats with record-breaking asking prices
September 22, 2023
The number of HDB flats that have fetched at least $1 million has seen an increase in recent years. Prior to 2021, the number of such sale transactions numbered less than 100 but surged to 316 and 394 transactions in 2021 and 2022, respectively. At the time of writing, 328 HDB flats were sold for at least $1 million this year.
A four-room flat at 50 Moh Guan Terrace in Bukit Merah HDB town fetched the highest price of $1.5 million ($792 psf) among all HDB transactions that have taken place this year. The flat was built in 1973 and is a short walk away from the historic Tiong Bahru Estate, Tiong Bahru Market and Food Centre, as well as Tiong Bahru MRT Station.
In this article, we combed through our sales listings and identified several HDB flats with asking prices above $1.5 million, and hence have the potential to set the next price ceiling for HDB flats.
Charming Tiong Bahru Estate
At the time of writing, Tiong Bahru Estate, which is near Moh Guan Terrace, had two listings with asking prices that may potentially break records. A listing for a flat along Seng Poh Road had an asking price of $2.25 million ($1,286 psf), and another listing for a flat along Tiong Poh Road had an asking price of $1.68 million ($1,755 psf). Both flats have three bedrooms and tenures of 99 years that started in the 1960s.
Flats in the historic Tiong Bahru Estate tend to fetch eye-watering prices because of the bohemian charm of the area and its proximity to numerous amenities, such as Tiong Bahru, Havelock, and Outram MRT Stations, Zhangde Primary School, Tiong Bahru Plaza, and Tiong Bahru Market.
Five-room flats in Bukit Merah HDB town have the highest current average price of $724 psf compared to their counterparts in the Central Region ($708 psf) and islandwide ($540 psf). However, average prices for five-room HDB flats in Bukit Merah (16%) and the Central Region (19%) are growing more slowly than their islandwide counterparts (21%).
More at: https://www.edgeprop.sg/property-news/foundonedgeprop-hdb-flats-record-breaking-asking-prices
September 22, 2023
The number of HDB flats that have fetched at least $1 million has seen an increase in recent years. Prior to 2021, the number of such sale transactions numbered less than 100 but surged to 316 and 394 transactions in 2021 and 2022, respectively. At the time of writing, 328 HDB flats were sold for at least $1 million this year.
A four-room flat at 50 Moh Guan Terrace in Bukit Merah HDB town fetched the highest price of $1.5 million ($792 psf) among all HDB transactions that have taken place this year. The flat was built in 1973 and is a short walk away from the historic Tiong Bahru Estate, Tiong Bahru Market and Food Centre, as well as Tiong Bahru MRT Station.
In this article, we combed through our sales listings and identified several HDB flats with asking prices above $1.5 million, and hence have the potential to set the next price ceiling for HDB flats.
Charming Tiong Bahru Estate
At the time of writing, Tiong Bahru Estate, which is near Moh Guan Terrace, had two listings with asking prices that may potentially break records. A listing for a flat along Seng Poh Road had an asking price of $2.25 million ($1,286 psf), and another listing for a flat along Tiong Poh Road had an asking price of $1.68 million ($1,755 psf). Both flats have three bedrooms and tenures of 99 years that started in the 1960s.
Flats in the historic Tiong Bahru Estate tend to fetch eye-watering prices because of the bohemian charm of the area and its proximity to numerous amenities, such as Tiong Bahru, Havelock, and Outram MRT Stations, Zhangde Primary School, Tiong Bahru Plaza, and Tiong Bahru Market.
Five-room flats in Bukit Merah HDB town have the highest current average price of $724 psf compared to their counterparts in the Central Region ($708 psf) and islandwide ($540 psf). However, average prices for five-room HDB flats in Bukit Merah (16%) and the Central Region (19%) are growing more slowly than their islandwide counterparts (21%).
More at: https://www.edgeprop.sg/property-news/foundonedgeprop-hdb-flats-record-breaking-asking-prices