27 Aug '14, 9am

#Singapore #property - "#Tanglin Halt resale market heats up"

#Singapore #property - "#Tanglin Halt resale market heats up"

Comment E-mail to friend Bookmark & Share Following HDB’s announcement in June that Tanglin Halt will be redeveloped under the Selective En bloc Redevelopment Scheme (SERS), several flats in the estate have entered the market commanding premium prices, according to media reports. For instance, PropNex agent Andy Azaly Suboh has been marketing a three-room unit in Tanglin Halt since February for $310,000 to $315,000. “There were no takers initially” but it was sold last week for $355,000, about $35,000 above its valuation, he said. The flats became sought-after after the SERS announcement because the owners will eventually get brand new flats in five sites at the nearby Dawson estate in Queenstown, a prime location where resale units are expensive, while Build-To-Order (BTO) projects are rare, property agents explained. As such, at least two units had been sold since June, ...

Full article: http://www.propertyguru.com.sg/property-management-news/2...

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