Record $653,000 for flat
By Jessica Cheam
(Taken from the Straits Times on the 14th November 2009)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.
Saturday, November 14
Record $653,000 for HDB flat
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Kay
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Saturday, November 14, 2009
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This is the perfect recipe for red hot bubbles. Get a rich foreigner whose money comes easy go easy, throw in a crafty real estate agent and some fancy moves and a local who wants stability and security and whala, you get another bubble forming. This happens everywhere and here it is with the govt's 100% blessing to upturn the downturn.
ReplyDeleteHi,
ReplyDeleteI do hope that housing price will slow down if the government keeps true to its promise of slowing down the influx of foreigners into Singapore.
Kay