Record $653,000 Price For HDB Flat
A FOUR-ROOM Queenstown HDB flat has sold for $653,000, setting a new record for price per sq ft (psf), amid continuing red-hot demand for resale flats.
The buyers, a male Indonesian permanent resident and a Singaporean woman, could have bought a condominium unit in an outlying area for the price.
But they were won over by the location, just five minutes walk from Queenstown MRT station, and on the top, 40th floor of the block, with unblocked views of greenery from all windows.
The four-year-old 969sqft unit at Forfar Heights, Strathmore Avenue, sold for $68,000 above valuation - a level determined by an independent valuer.
This works out to $674 psf, smashing the previous record of $609 psf, achieved in January last year, by about 10per cent.
This may be an unusually high price but resale prices have been moving up.
Source: Straits Times
The government is telling people to be careful of property bubble but prices for HDB flats continue to break new highs. Now it is $653000 for a four room flat bought by an Indonesian.
According to ERA, 40 per cent of HDB flats are PR buyers. They are the one causing the spike in demand since Singaporeans are suffering from low birth rates and late marriages.
The concern, and possibly frustration, that is simmering amongst Singaporeans is whether our future generation afford to buy a HDB flat?
Mah Bow Tan says that public housing is still affordable and we should not compare prices in the past.
What do you guys think of the current trend in HDB prices?
Subscribe to:
Post Comments (Atom)
0 comments:
Post a Comment