$1m HDB flat in Queenstown sets record resale price
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The interior of the Mei Ling Street flat which is being sold for $1 million. Analysts say other sought-after HDB units, such as those in Pinnacle@Duxton, could attract similar record bids as they become available in the resale market, but most new HDB flats will continue to remain affordable. -- PHOTO: IRENE HO
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The view from a Mei Ling Street flat owned by Mr Baljeet Singh. He gets fliers daily promising about a million dollars for his home. -- ST PHOTO: NEO XIAOBIN
- ST PHOTO: NEO XIAOBIN
PHOTO: IRENE HO
The interior of the Mei Ling Street flat which is being sold for $1 million. Analysts say other sought-after HDB units, such as those in Pinnacle@Duxton, could attract similar record bids as they become available in the resale market, but most new HDB flats will continue to remain affordable. -- PHOTO: IRENE HO
The view from a Mei Ling Street flat owned by Mr Baljeet Singh. He gets fliers daily promising about a million dollars for his home. -- ST PHOTO: NEO XIAOBIN
A Housing Board flat has hit the $1 million mark for the first time, surpassing the previous record that was set only last week.
The sale of the high-floor executive apartment, at Block 149 Mei Ling Street in Queenstown, has turned a few heads, with a cash over valuation (COV) of $195,000.
The 17-year-old unit, with a floor area of 1,615 sq ft, has an unblocked view of Queenstown stadium and is close to food centres, supermarkets and Queenstown MRT station. The buyers and sellers are both Singaporean couples.
"It was love at first sight for them," said Dennis Wee Group agent Irene Ho who represented the sellers. The buyers previously owned a private property. After the flat was put on the market in June, Ms Ho received more than 50 bids.
