The unit is a 1,894 sq ft, four-room flat on the fourth floor of a walk-up apartment building., with 49 years left on its 99-year tenure. in Tiong Bahru has been sold for a record $1.5 million . This sale was brokered by KF Property's associate deputy division director Alvin Yeo. The unit is a 1,894 sq ft, four-room flat on the fourth floor of a walk-up apartment building., with 49 years left on its 99-year tenure.
Based on HDB resale data, at least one other flat at 50 Moh Guan Terrace has also changed hands this year. The 947 sq ft three-room unit fetched $765,000 when it was sold this month.Chung was also the agent who brokered the sale of the previous record high price for a resale HDB flat. He helped the owners of a 1,312 sq ft, five-room loft unit at Sky Terrace@Dawson sell their unit for $1.418 million in June last year.
Research by Knight Frank shows that resale HDB flat buyers have increasingly turned to larger homes since the end of Singapore’s "circuit-breaker" period in June 2020. This increase in demand has inadvertently resulted in higher asking prices for larger-sized units, says Chung. However, he adds that million-dollar HDB’s are a relatively small percentage of the entire HDB secondary market, and most flats on the market are relatively affordable.