A new record for a residential property in Singapore, an HDB resale transaction, has been set yet again. According to property portal 99.co, a five-room HDB flat at [email protected] was sold for S$1.418 million in July 2022.
Published in Mothership by Matthias Ang on 13 July 2022 – 3.17 pm
The previous record was set by the sale of a five-room HDB flat at Henderson Road in May 2022, for a figure of S$1.4 million.
Built in 2016
The Dawson flat was built in 2016 and has a period of 92 years and 10 months left on its lease.
It is located from floors 37 to 39 of the 43-storey block, as it is a loft penthouse unit, and spans 122sqm.
99.co further highlighted that only 26 flats out of the 758 units built at [email protected] are loft penthouses.
In addition, [email protected] is not under the Prime Location Housing (PLH) rules which means the units there can be put for sale on the open market once the five-year minimum occupancy period is completed.
99.co added that thus far, 18 flats at [email protected] have changed hands for at least S$1 million.
HDB prices are rising
The property portal also pointed out a rise in the price of HDB flats, with resale prices rising 1.2 per cent in June, compared to 0.5 per cent in May.
The month of June also saw 31 flats HDB flats sold for at least S$1 million, while May saw 30 flats sold at this range.
Some of the other such residential property in Singapore that have been sold for more than S$1 million:
Disclaimer: All the copyright credit goes to Mothership for this article. The content above represents only the views of the author or guest. It does not represent any views or positions of Commercial Realty Singapore and does not mean that Commercial Realty Singapore agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the Commercial Realty Singapore community, the community does not assume any form of liability unless otherwise expressly promised in writing.