First flat to go for more than $1 million in Marine Parade

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A five-room Housing Board flat at Block 28 Marine Crescent changed hands for $1,010,888 this month, marking the first million-dollar HDB resale transaction in the Marine Parade estate. The 126 sq m flat, which includes a recess area, boasts a panoramic unblocked view...

One of the sellers, who wanted to be identified only as Mrs Koh, said:"We always had absolute faith in our unit and knew we were going to get a good price because of the view, size and location near Tao Nan School."

“There is also an emotional attachment to this place. This unit is like my baby; we did an overhaul when we moved in and my three kids grew up here,” said Mrs Koh.Mrs Koh and her husband were the second owners and bought the unit for around $870,000 about 11 years ago. The buyers are a Singaporean couple who are planning to live out their retirement years in the unit. The agents said they did not mind the ageing lease.Mr Ying said the buyers paid a cash over valuation of slightly under $100,000 for the unit.

 

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paying big bucks for a coffin that u will never own. such a genius.

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