18 Nov '11, 1pm

Tiong Bahru draws younger buyers with pre-war flats worth $1m

Tiong Bahru draws younger buyers with pre-war flats worth $1m

The days of bargain-buys at Tiong Bahru are long gone - the 1,000 sq ft pre-war flat that cost about $680,000 three years ago would set buyers back about $1 million now. ST PHOTO: CHEW SENG KIM By Cheryl Lim The days of bargain-buys at Tiong Bahru are long gone - the 1,000 sq ft pre-war flat that cost about $680,000 three years ago would set buyers back about $1 million now. The astonishing price hikes are being driven by the transformation of the once-sleepy neighbourhood into a popular enclave with the kind of amenities younger buyers seek. While the area contains a mix of private and public housing, there are 27 blocks of private pre-war homes with conservation status that are especially popular. Unlike the neighbouring public flats built by the Singapore Improvement Trust, owners of these pre-war conservation apartments aren't subject to Housing Board rules. Please ena...

Full article: http://www.straitstimes.com/BreakingNews/Singapore/Story/...

Tweets

Antique items aren't the only value-appreciatin...

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The days of good bargains in Tiong Bahru are over, as a 1,000 sq ft pre-war flat that cost around S$680,000 three years ag...

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@EMJAYJAYEEJAYEE This

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