10-year-old 5-room flat sold for S$945,000
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SINGAPORE: More five-room resale flats have been sold above the S$900,000-mark, especially in estates like Redhill, Queenstown, Toa Payoh and Marine Parade.
A 10-year-old flat measuring 1,184 square feet at Block 23 Jalan Membina, near Tiong Bahru MRT station, was sold for S$945,000.
This means that its price of S$800 per square foot is similar to suburban executive condominiums but half the price of private condominiums in the area.
According to the HDB, just in the first two months of this year alone, 10 resale flats were sold for more than S$900,000 each.
And, the Singapore Real Estate Exchange said prices have risen by 5 per cent in the past year.
Senior manager for training, research and consultancy at DWG, Lee Sze Teck, attributed the high prices of these resale flats to them being in "mature estates (where) the BTO supply is limited. Also, because of the high private property prices in these areas."
"We expect the resale market to remain stable, because the government is going to build a lot more BTO flats. We only expect resale flat supply to increase in the second half of 2013," he said.
- CNA/ck/ir -
bought by who?
tts the qn. and the problem.
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huat ah, we are going to hit the million dollar ceiling soon!
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so property tax will go higher if such deals get more common.
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which stupid bought it i wonder?
was he/she/it holding a pink or blue IC?
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Huat ah.
It's affordable.
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a bit dramatic and scary for Singapore people of the future as the income generally does not measure up with such cost of HDB price. If an average singaporean housedhold earn 3000 a month, a year is 30000, 10 years is 300000, 30 years is 900000. This is calculated based on food and transport plus tax provided by government, minimum spending solely on saving, and super healthy. Wonder if the flat is due for re-enbloc in future, government will be paying this price as well.
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i might as well buy a condo ><
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Originally posted by charlize:
Just like COE premiums....
I reckons...
MAS "may" put a new financial restrictions to forbid such HIGH SELLING PRICE that may affect the overall inflation percentage.
1,184 sq ft fetches $900,000.... OMG. Singaporeans and the PRs are rich.
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Cai png damn expensive.
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I wish i was rich.
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we just need 1 person to spoil the market.
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so many rich people in sg.
o rly ?
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Originally posted by charlize:
so many rich people in sg.
o rly ?
Rich people prefers Sentosa Cove....
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yah
but many of these rich ppl are not singaporeans. yes, rly.
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Originally posted by Just_do_it_lah:
Rich people prefers Sentosa Cove....
Sentosa beach very crowded now.
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Originally posted by charlize:
Sentosa beach very crowded now.
Zout out every day ?
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Only weekends.
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zook out is once a year lah
in dec
nw is 2 nites
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Hanor.
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my friend's uncle still got i 5 room HDB at BLK340 Clementi cost him S$32,000 in 1985 if he sells for S$850,000 next week , how many (%) can he make S$850,000 - $32,000 = 818,000 over 28 yrs...the answer is 2,500%...pls correct me if i am wrong...then would u think 2 graduates married could afford this 28 yr old HDB....?
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Huat ah.
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Originally posted by 1888:
my friend's uncle still got i 5 room HDB at BLK340 Clementi cost him S$32,000 in 1985 if he sells for S$850,000 next week , how many (%) can he make S$850,000 - $32,000 = 818,000 over 28 yrs...the answer is 2,500%...pls correct me if i am wrong...then would u think 2 graduates married could afford this 28 yr old HDB....?
after selling ?
Go Batam ?
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Originally posted by Just_do_it_lah:
after selling ?
Go Batam ?
Go mbs.
Double or nothing.