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$653k for 4-room HDB flat
Last Post 05 May 2010 03:43 PM by vandal. 20 Replies.
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Lalaland
I'm a teenage Shroomy!
Posts:576
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| 13 Nov 2009 08:42 AM |
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A FOUR-ROOM Queenstown HDB flat has sold for $653,000, setting a new record for price per sq ft (psf), amid continuing red-hot demand for resale flats.
The buyers, a male Indonesian permanent resident and a Singaporean woman, could have bought a condominium unit in an outlying area for the price.
But they were won over by the location, just five minutes walk from Queenstown MRT station, and on the top, 40th floor of the block, with unblocked views of greenery from all windows.
The four-year-old 969sqft unit at Forfar Heights, Strathmore Avenue, sold for $68,000 above valuation - a level determined by an independent valuer.
This works out to $674 psf, smashing the previous record of $609 psf, achieved in January last year, by about 10 per cent.
This may be an unusually high price but resale prices have been moving up.
Read the full story in Friday's edition of The Straits Times.
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Think
I'm a teenage Shroomy!
Posts:1746
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| 13 Nov 2009 08:46 AM |
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Is this full renovation and move in ready  |
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rosylooks
I'm a teenage Shroomy!
Posts:840
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| 13 Nov 2009 09:14 AM |
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It is the location, and I suppose the couple thinks why buy private there when HDB can offer the same at a lower affordable price. |
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cyc
I'm a teenage Shroomy!
Posts:1463
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| 13 Nov 2009 09:59 AM |
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not bad huh... such a small unit (< 1k ft) can sell for such good price... but a 40th floor unit is also rare, shld be unblocked for a very loooooooooooooong time... |
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henny
I'm a young adult Shroomy
Posts:2134
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| 13 Nov 2009 10:52 AM |
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The sellers paid just $250K for this flat 4 yrs ago.
The unit was bought by an Indonesian Foreign Talent, another example of Foreign Talents bringing up resale property prices to yet another record high.
There are 2 sides of the coin for this - good sign for those who have bought a flat but bad news for those sourcing for one.
As new HDB flat prices are benchmarked to resale prices, expect the yet to be launched BTO flats at Dawson Place to hit a record high!
And 5 yrs down the road, when Pinnacle @ Duxton owners could sell their flats, I expect yet another record breaking news in The Straits Times :
"Record Breaking $1,000,000 for Pinnacle @ Duxton 4 Room Flat", and the news will go on to brag about how Singapore's first iconic HDB flat designed by an award winning Designer has set record breaking resale prices never seen before in the history of HDB resale prices. |
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woodstock
I'm a baby Shroomy!
Posts:74
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| 13 Nov 2009 12:55 PM |
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I heard from somewhere that staying at very high level can get lead poisoning, can anyone verify whether it is true? If it is, why would anyone still want to stay at 40th floor? Or are they simply ignorant of this matter.... |
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cyc
I'm a teenage Shroomy!
Posts:1463
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| 13 Nov 2009 01:35 PM |
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never heard of lead poisoning, only know less oxygen on top |
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woodstock
I'm a baby Shroomy!
Posts:74
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| 13 Nov 2009 01:48 PM |
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That's why I need verification...it's a hearsay from someone who said she's read it in a newspaper article...googled lead poisoning also didn't find any link to high-rise bldg...hopefully someone here has an answer...  |
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keii nie_7
I'm a baby Shroomy!
Posts:31
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| 13 Nov 2009 10:02 PM |
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After parting with that amount of dough$ for such a unit, lead poisoning or not, it's suicide; as prices won't travel higher and faster for a long time soon. Unless, the miracle glass ceiling is broken. |
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aeriste
I'm a toddler Shroomy!
Posts:221
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| 14 Nov 2009 01:51 AM |
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Wow is it even worth to buy at such a high price? Not that Queenstown was really a prime and convenient location... |
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ahthen
I'm a teenage Shroomy!
Posts:1601
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| 14 Nov 2009 02:10 AM |
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why not one pay so much for my flat leh..hehe |
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siron
I'm a young adult Shroomy
Posts:3220
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| 14 Nov 2009 08:26 AM |
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I stayed at 30th floor... My house got pencil lead. heh |
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joan
I'm a toddler Shroomy!
Posts:136
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| 14 Nov 2009 08:57 PM |
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Where you stay? How come so ex ar? Unless is cantoment close, otherwise very difficult to find potential buyer.. in my opinion lah. |
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siron
I'm a young adult Shroomy
Posts:3220
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| 15 Nov 2009 12:54 AM |
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Posted By joan on 14 Nov 2009 08:57 PM
Where you stay? How come so ex ar? Unless is cantoment close, otherwise very difficult to find potential buyer.. in my opinion lah.
I am not selling if you are asking me.... Anyway I live at Jalan Membina. :) |
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henny
I'm a young adult Shroomy
Posts:2134
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| 15 Nov 2009 12:03 PM |
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Posted By aeriste on 14 Nov 2009 01:51 AM
Wow is it even worth to buy at such a high price? Not that Queenstown was really a prime and convenient location...
The Foreign Talents would be in a better position to answer this question. |
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aeriste
I'm a toddler Shroomy!
Posts:221
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| 15 Nov 2009 11:31 PM |
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Posted By henny on 15 Nov 2009 12:03 PM
Posted By aeriste on 14 Nov 2009 01:51 AM
Wow is it even worth to buy at such a high price? Not that Queenstown was really a prime and convenient location...
The Foreign Talents would be in a better position to answer this question.
LOL... Anyway if it's the sum of money they agreed to pay, then I think it's a mutual agreement betweeen the seller and the buyer, but just that in the long run, the unit will have a hard time getting profit if they want to sell. But Queenstown... Not that it's ulu or what... But don't see the hype about being expensive nowadays. Not that it's super near town or holland. It's like nearby not much interesting stuff around... ??
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henny
I'm a young adult Shroomy
Posts:2134
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| 16 Nov 2009 10:26 AM |
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My friend just told me that a 5 rm flat on the 20+ floor of Blk 63A Lengkok Bahru just sold for a whopping $760K 3 weeks ago.
That unit was bought brand new from HDB for only $300K in the year 2000.
The owner made a $460K or 150% profit in a matter of 9 yrs.
I wonder if the layman's salary has increased by 150% in the past 9 years ??? |
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bigmama
I'm a teenage Shroomy!
Posts:1314
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| 16 Nov 2009 10:32 AM |
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These pple are crazy to pay such prices for HDB. |
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henny
I'm a young adult Shroomy
Posts:2134
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| 16 Nov 2009 10:37 AM |
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Just for your information, that unit was bought by a PR (Permanent Resident).
On a positive note, we got to be thankful to these Foreign Talents for raising the values of our exisitng flats.
The only people who lose out are those 1st timers who have not bought a flat. |
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wangandshu
I'm a baby Shroomy!
Posts:1
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| 16 Nov 2009 04:04 PM |
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I want buy (4 room) Forfar Heights.
Please contact me... |
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