22 Feb '13, 11pm

New record set for HDB flat that sold more than $1 million

New record set for HDB flat that sold more than $1 million

Photo of an executive masionette The sale for a 1,750 sq ft executive masionette in Bishan at $1.01 million in January 2013 has set a new record for Housing Board resale flats. Previously, the record-holder was a 1,615 sq ft executive apartment in Queenstown that was transacted at $1 million in 2012. The latest data released from the Singapore Real Estate Exchange (SRX), which collects transaction information from property firms, revealed that such sky-high prices are not going to be one-off incidents. While there was only one resale flat transaction that crossed the $900,000 mark in 2011, there were 18 recorded in 2012. This year up till February, the number has already reached 18. Property analysts said that flats which are mostly located in established estates are still value for money based on per sq ft (psf) basis in comparison to private homes. Resale records are exp...

Full article: http://www.iproperty.com.sg/news/6406/New-record-set-for-...

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