{"id":101540,"date":"2018-11-22T10:28:58","date_gmt":"2018-11-22T03:28:58","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-terrace-near-whampoa-sold-for-record-1-185m\/"},"modified":"2018-11-22T11:02:56","modified_gmt":"2018-11-22T04:02:56","slug":"hdb-terrace-near-whampoa-sold-for-record-1-185m","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-terrace-near-whampoa-sold-for-record-1-185m\/","title":{"rendered":"HDB terrace near Whampoa sold for record $1.185m"},"content":{"rendered":"


\nA total of 52 million-dollar HDB flats have been sold to date this year.\u00a0
\nA Housing and Development Board (HDB) terrace house along Jalan Bahagia near Whampoa was sold for $1.185 million in September \u2013 setting a new record for the priciest HDB unit sold, reported Channel NewsAsia citing an OrangeTee report.
\nThe previous record was held by a five-room Design, Build and Sell Scheme (DBSS) unit in Bishan, which was sold for $1.18 million in February 2017.
\nFind\u00a0HDB flats for sale\u00a0or read our\u00a0HDB guides\u00a0and\u00a0BTO guides
\nA five-room DBSS flat located at Lorong 1A Toa Payoh was the third most expensive HDB flat ever sold at $1.16 million.
\nThe 273 sq m Jalan Bahagia unit has 52 years left on its 99-year lease, which started in 1972.
\nIn the first three quarters of 2018, a total of 52 million-dollar HDB flats were sold, 40 of which were less than 20 years old.
\nOrangeTee noted that resale transactions have been on the uptrend amid falling HDB prices.
\nHDB data showed that the number of resale applications received during the first three quarters of 2018 reached a five-year high at 17,462.
\nThe number of HDB units resold for at least $700,000 also hit a six-year high during the same period, with 1,438 transactions.
\nPunggol posted the biggest increase in resale applications, jumping 334.4 percent for the first three quarters of 2018 as compared to five years back. The next highest increase was seen in Sengkang, at 58.3 percent over the same period.
\nOrangeTee attributed the hike to the growth in the number of Build-To-Order (BTO) units within those areas that have achieved the five-year minimum occupation period (MOP).
\nThe entry of many condominiums in those areas may have also spurred HDB owners to upgrade.
\nLooking ahead, OrangeTee expects the number of HDB resale transactions to hit 23,000 units this year and about 24,000 units next year.
\n\u201cThe possible increase could be attributed to more BTO flats reaching MOP next year and subsequently ready for resale. The demand may continue to be supported by the healthy job market and robust economy,\u201d it added.
\nCan you afford an HDB flat? Check your\u00a0affordability\u00a0now.
\n\u00a0
\nRomesh Navaratnarajah, Senior Editor at PropertyGuru, edited this story. To contact him about this or other stories, email\u00a0romesh@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…HDB terrace near Whampoa sold for record .185m<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

A total of 52 million-dollar HDB flats have been sold to date this year.\u00a0 A...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-101540","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-qpK","jetpack-related-posts":[{"id":120611,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/49-year-old-hdb-terraced-house-in-whampoa-breaks-record-with-1-268mil-selling-price\/","url_meta":{"origin":101540,"position":0},"title":"49-year-old HDB terraced house in Whampoa breaks record with $1.268mil selling price","date":"June 23, 2021","format":false,"excerpt":"\r 49-year-old HDB terraced house in Whampoa breaks record with $1.268mil selling priceThe two-storey flat at Block 39 Jalan Bahagia is a landed corner terraced unit with an area of 210 sq m \u2013 which are considered rare attributes for an HDB flat. Photo: Google Street View Adding to the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/06\/39-jalan-bahagia-crop.png?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":106941,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/5-room-hdb-flat-in-bukit-merah-sold-for-record-1-2m\/","url_meta":{"origin":101540,"position":1},"title":"5-room HDB Flat In Bukit Merah Sold For Record $1.2m","date":"May 8, 2019","format":false,"excerpt":"\r Located on a high floor, the 112 sq m flat in Boon Tiong Road has a remaining lease of 95 years. A standard 5-room HDB flat was sold for $1.2 million in April this year \u2013 the first time that a standard HDB flat price surpassed the most expensive\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":121200,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/dbss-flat-in-bishan-sells-for-record-1-295mil\/","url_meta":{"origin":101540,"position":2},"title":"DBSS flat in Bishan sells for record $1.295mil","date":"August 2, 2021","format":false,"excerpt":"\r DBSS flat in Bishan sells for record $1.295milThe previous record for an HDB resale unit was set in June, when a 49-year old terraced house in Whampoa was sold for $1.268 million. Photo: ERA A 5-room HDB flat in Bishan has set a new record as it changed hands\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/08\/DBSS-Bishan.jpg?fit=820%2C615&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":103402,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/71-hdb-flats-changed-hands-for-over-1mil-in-2018\/","url_meta":{"origin":101540,"position":3},"title":"71 HDB flats changed hands for over $1mil in 2018","date":"January 28, 2019","format":false,"excerpt":"\r The number of HDB resale deals has increased significantly from just two in 2014 and 46 in 2017. 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