Last Updated on 2023-06-27 , 9:45 am
A 50-year-old HDB flat in Tiong Bahru recently set a record for Singapore’s most expensive HDB resale flat.
It was sold for a whopping $1.5 million.
50-Year-Old Four-Room HDB Flat in Tiong Bahru Sold For $1.5 Million
Last month, a four-room HDB flat on the fourth floor of 50 Moh Guan Terrace was sold for a record-breaking $1.5 million.
Welcome the Tiong Bahru flat to the million-dollar club.
Perhaps the most impressive thing about this transaction is the flat’s “age”—it is 50 years old.
$1.5 million for an HDB flat with less than 49 years left on its lease?
Wah, pigs can fly sia. Maybe tomorrow the drinks store auntie will finally get my teh o kosong peng order correct.
That’s not all the flat has to boast. While the low-rise block in which the flat is located may look small, the $1.5 million unit itself certainly isn’t.
The flat, one of only three four-room units at Block 50, boasts a total floor area of 176 sqm. For reference, four-room BTO flats measure an average of 85 to 95 sqm.
There’s enough space in the $1.5 million HDB flat to fit the entire kampung.
Perhaps the only drawback to the four-room flat is that its new owners will have to climb four storeys whenever they return home as the block doesn’t have a lift.
But things aren’t too bad even then—at least they’ll bring their A-game to the National Steps Challenge.
$1.5 Million Tiong Bahru HDB Flat Breaks Previous Record Set By Five-Room SkyTerrace@Dawson Loft
Not only is this $1.5 million Tiong Bahru HDB flat one of the rare HDB flats that make it into the million-dollar club, but it also managed to dethrone a five-room SkyTerrace@Dawson flat to become the most expensive HDB flat to have ever been sold in Singapore.
A plain four-room flat tucked in Tiong Bahru outdoing a flashy five-room loft in Queenstown? Talk about an underdog.
The five-room SkyTerrace@Dawson flat was sold for $1.418 million in June 2022 and held the record as Singapore’s most expensive HDB resale flat for nearly a year.
The $1.418 million flat is a rare find. It is one of the only 26 five-room loft penthouse units in SkyTerrace@Dawson.
Nice view, nice flat, but the price tag not so nice.
Multiple Million-Dollar HDB Sales in Jurong, Bukit Batok and Marine Parade in Recent Years
The $1.5 million Tiong Bahru flat and the $1.418 million SkyTerrace@Dawson loft aren’t the only flats to have entered the million-dollar club in recent years.
Earlier this year, we saw a four-room HDB flat at Pinnacle@Duxton being sold for $1.4 million. Last year, we also saw HDB flats from Jurong, Bukit Batok and Marine Parade changing hands for seven-figure sums.
What’s that? Just called you “broke” in a million languages?
It’s okay. While it seems like everyone is getting into these million-dollar flats, most flats are still being transacted at reasonable prices.
In fact, these million-dollar HDB flats don’t even constitute 2% of all public housing resale transactions in Singapore.
The overwhelming majority of us are still struggling together, hesitating even to order fish in our cai png lah.
If you watch at least 10 minutes of brain rot content daily, you must know this:
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