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$1m HDB flat in Queenstown sets record resale price

Published on Sep 13, 2012 6:00 AM

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.

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