Record $1.28m for HUDC unit sold in Bishan
Price for maisonette beats the $1.22m for flat in same Bishan area last year
Published on Sep 17, 2012 6:00 AM
A new record has been set for an HUDC flat. The 1,680 sq ft maisonette along Shunfu Road was sold in July for $1.28million, topping last year's $1.22million sum for a 1,668 sq ft HUDC flat in the same area. This works out to about $762 per sq ft for the new record.
The sale was listed by data-crunching firm Singapore Real Estate Exchange (SRX), which collates sales by major property agencies. It accounts for about 85per cent of resale transactions.
Last Thursday, a Queenstown executive flat sold for $1 million, beating a record set by a Bishan executive maisonette when it sold for $980,000 a week earlier.
HUDC units have been attracting ever-larger bids due to their roomy interiors. The average HUDC flat is about 1,650 sq ft. A standard HDB five-room flat is smaller, at around 1,200 sq ft.
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Buyers are drawn by the size, location and en bloc potential, whereas sellers are typically older folk or those who find the flats too large to maintain and cash out to move to a smaller flat.
- Property agent Sherry Tang, who brokered the deal in the Bishan area