05 Oct '11, 3pm

Prices rise for HDB flats around new Circle Line stations

Prices rise for HDB flats around new Circle Line stations

SINGAPORE: Prices for HDB flats around the 12 remaining Circle Line stations, due to open this Saturday, have risen, according to property agents. They said a three-room flat around Holland Village station now costs 10 per cent more compared to last year, going as high as S$440,000. Over at Telok Blangah, a five-room high-floor unit recently transacted at S$810,000. A similar unit further away from the station was said to have cost about S$110,000 less. Rental rates are also not spared, having risen by 10 to 20 per cent. The rent for a four-room flat in the same area could range between S$2,500 and S$2,800. Property agents said the Cash-Over-Valuation (COV) for resale transactions has also gone up by 10 to 20 per cent in the areas near the stations.

Full article: http://www.channelnewsasia.com/stories/singaporebusinessn...

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Circle Line stations now open #Singapore

Circle Line stations now open #Singapore

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