Few HDB transacted for over a million over the past few years. One of it being the Executive Mansionate at Bishan. That EM can sell for one millionaire likely is because over in bishan point block, there are 4 special unit on the high floor that has exposed balcony. Only these 4 units has exposed balcony, which make it unique from the rest.
Recent market also seen good prices transacted at City View @ Boon Keng where 14 units had been transacted so far from $560,000 to $900,000 for 3 to 5 bedrooms units. Previous buyers paid between $349,000 to $727,000 for the 3 to 5 bedrooms units.
A 5 room flat at City view at Boon Keng has been resold for $855,000, the first to be sold at the DBSS project. Despite today sluggish resale market, most of the units still managed to cash out profit of about 33% of their initial launch price. The recent transaction $820,000 on the 8th flooor, and $855,000 on the 12th floor. Upper unit are expected to ask close to a million. It is the latest in the neighbourhood that has just fulfilled Minimum Occupation Period (MOP).
Another hot development likely to hit a million will be Pinnacle @ Duxton. One of the unit of high floor recently transacted at $1.028m, the highest so far in the estate. Even units on the lower floor is selling more than than $900k on the resale market. TOP in 2009, Pinnacle @ Duxton has a totoal of 1848 units. Standing at 50 storeys high, it is the world’s tallest public housing project and has a nice city view.
However will you pay a million for HDB (Singapore Public Housing)? Is it worth paying? Let us know your thoughts.
