S’pore investors home in on walk-up apartments as condo prices continue to rise

A 1,076 sq ft walkup apartment in Joo Chiat, built in 1961, was sold for $1.42 million in March 2022. PHOTO: WELOVEWALKUPS.COM
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SINGAPORE – A spacious 1,300 square foot freehold property, located just a stone’s throw from the Orchard shopping district, is selling for $1.3 million or $1,000 per square foot (psf).

The deal may seem too good to be true, until you arrive at the property at Hoot Kiam Mansion and realise that the unit is in an old building with no lift, swimming pool or security guards.

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