By now, we’re all aware of the rite of passage in Singapore. Study hard, get a job, buy HDB, settle down. Balloting for a Built-to-Order (BTO) flat is one way to get to the end goal, but who has time to wait four years for the flat to be ready?
Well, here’s news for you. Prices of resale flats are going up, and Tampines has just joined the million dollar club with its first S$1 million HDB unit.
So unless you have a million dollars lying around for a resale flat, suck thumb and wait for your BTO lah.
The Million-Dollar Flat
The record S$1.013 million sale was for an executive maisonette situated on the 10th storey of Block 856D, Tampines Street 82. At 1,657 sq ft, the flat boasts a p.s.f price of S$611.
Built in 1995, this flat managed to make history in Tampines as a 27-year-old. Even a flat can be a higher achiever than us (sorry, ma).
Our new poster child of Tampines is located within a 1km radius of Tampines MRT Station, St Hilda’s Primary and Secondary School, Our Tampines Hub and Tampines Mall.
Together with Tampines Mall comes of course, the other two malls in Tampines’ Holy Trinity of malls. Tampines 1 and Century Square, being walking distance from Tampines Mall, are nearby the flat as well.
Prior to the million-dollar Tampines flat’s rapid rise to fame, some other HDB flats in Tampines were practically on the doorstep of the million dollar club as well.
In the month of August 2022 alone, six other HDB flats in Tampines transacted for at least S$900,000. Beyond Tampines, six other HDB estates also recorded their first million-dollar flats in 2022.
BTO Town Punggol Has Also Just Joined the Million Dollar Club
If you think that only old estates like Tampines can join the million dollar club, you’ve just been proven wrong recently.
Recently, a loft unit in Punggol was sold for $1.198 million, with a Cash Over Valuation (COV) value of almost $200,000.
The unit is located in Punggol Sapphire, which is an HDB complex situated near Punggol Field.
It is ten years old, and spans 1,603 square feet on the HDB block’s 16th floor, its highest floor. The loft unit also boasts three bedrooms and a study room.
The unit is also fitted with floor-to-ceiling windows, which allow large amounts of natural light to enter the house in the daytime.
In Punggol Sapphire, there are only 23 five-room loft units. 14 such units can also be found in Treelodge@Punggol, which had a unit sold for $970,000 in December last year.
To know more about BTOs, watch this to the end:
Read Also:
- Car Burst into Fire at a Petrol Station Along Sembawang Road
- S’pore Boss Slams Intern for Asking for Zoom Interview Instead of Physical Interview
- Fire in Woodlands Industrial Park Was So Strong, 1 Fireman Was Injured While Fighting It
- 86YO Driver Arrested for Knocking Down Pedestrian & Killing Him Near Aljunied MRT Station
- SPF Confirms That Terra Luna Founder is No Longer in S’pore
Featured Image: Google Maps
Here’s a simplified summary of the South Korea martial law that even a 5-year-old would understand:
Read Also:
- Salon Allegedly Charged $880 Treatment Package to Elderly Who Has Hearing Difficulties
- Man Replaces M’sia-Registered Car With a S’pore Plate & Drives It Without a Driving Licence
- Confirmed: Allianz Withdraws Its Offer to Buy Income Insurance
- 10th Floor Resident Leaves Baby Stroller On Air Conditioner Compressor
- $400 Worth of Durians Delivered to Customer; Customer Allegedly Takes Durians Without Making Payment
- Woman Borrows Touch ‘N Go Card From S’pore Driver to Cross JB Checkpoint & Didn’t Return Card
Advertisements
