22 Jun '18, 2am

5-room HDB flat in Holland Drive sold for $1.1 million

Public housing in Singapore is a unique phenomenon. Organised and not segregated purely by class, the value of public housing flats here are similarly subjected to market forces. HDB flat prices lower than its peak but still surpasses that from a decade ago While the government has been trying to keep HDB flat prices from skyrocketing, prices of resale HDB flats have far surpassed the prices at the turn of the century. Resale HDB flat prices fell for the 6th consecutive quarter last month but a record was set for the sale of a 5-room HDB flat in Holland Drive. The 38th-storey flat at Block 18C was sold for $1.1 million. It is only the second flat to be sold for more than $1 million within the period of a year. The highest ever paid for a HDB unit was $1.18 million for a 5-room DBSS (design, build and sell scheme) flat. Last November, a unit at [email protected] which sold fo...

Full article: https://www.iproperty.com.sg/news/5-room-hdb-flat-in-holl...

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