{"id":106941,"date":"2019-05-08T12:36:36","date_gmt":"2019-05-08T05:36:36","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/5-room-hdb-flat-in-bukit-merah-sold-for-record-1-2m\/"},"modified":"2019-05-08T15:04:06","modified_gmt":"2019-05-08T08:04:06","slug":"5-room-hdb-flat-in-bukit-merah-sold-for-record-1-2m","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/5-room-hdb-flat-in-bukit-merah-sold-for-record-1-2m\/","title":{"rendered":"5-room HDB Flat In Bukit Merah Sold For Record $1.2m"},"content":{"rendered":"


\nLocated on a high floor, the 112 sq m flat in Boon Tiong Road has a remaining lease of 95 years.
\nA 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 non-standard flats (DBSS units, terraces, maisonettes or flats at Pinnacle@Duxton) ever sold, revealed an OrangeTee & Tie report.
\nLocated between the 34th and 36th storeys, the 112 sq m flat in Boon Tiong Road has a remaining lease of 95 years.
\nLooking to buy an HDB flat? Get more insights on the right locations for your new home at AreaInsider.
\nIt smashed the previous records set by a 5-room DBSS unit at Boon Keng Road sold in January this year and a 237 sq m HDB Terrace at Jalan Bahagia in September 2018, both of which were sold at $1.185 million.
\nThe property consultancy noted that while only 26 standard flats were sold for over $1 million as of April this year, the number has been steadily rising through the years.
\nIn fact, it expects more of such transactions \u201cas many new flats in mature estates like Bukit Merah and Queenstown will be reaching minimum occupation period (MOP) in the coming months\u201d.
\nOrangeTee & Tie added that demand for HDB resale flats remains resilient, with sales volume for Q1 2019 hitting a seven-year high of 4,835 units sold.
\nThe figure is 8.5 percent higher compared to the same period last year, but down 14.2 percent on a quarterly basis.
\n\u201cThe quarter-on-quarter decline is within expectation as the number of resale applications is usually lowest in the first quarter of the year due to slower marketing activities immediately after the year-end holidays and during the Chinese New Year period,\u201d it explained.
\nLooking ahead, OrangeTee & Tie expects the HDB resale volume to increase \u201cin tandem with more flats reaching five-year MOP this year\u201d.
\nResale prices may also continue \u201cto stabilise as the HDB price index declined marginally by 0.3 percent in Q1\u201d.
\nFind\u00a0HDB flats for sale\u00a0or read our\u00a0HDB guides\u00a0to make better-informed decisions. Can you afford a million-dollar HDB flat? Check your\u00a0affordability\u00a0now.\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…5-room HDB Flat In Bukit Merah Sold For Record .2m<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Located on a high floor, the 112 sq m flat in Boon Tiong Road has...<\/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-106941","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-rOR","jetpack-related-posts":[{"id":121200,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/dbss-flat-in-bishan-sells-for-record-1-295mil\/","url_meta":{"origin":106941,"position":0},"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":101540,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-terrace-near-whampoa-sold-for-record-1-185m\/","url_meta":{"origin":106941,"position":1},"title":"HDB terrace near Whampoa sold for record $1.185m","date":"November 22, 2018","format":false,"excerpt":"\r A total of 52 million-dollar HDB flats have been sold to date this year.\u00a0 A 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\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":23996,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/news-roundup-august-2016\/","url_meta":{"origin":106941,"position":2},"title":"News Roundup (August 2016)","date":"August 26, 2016","format":false,"excerpt":"\r A recap of our most read stories for the month of August HDB, DBSS flats sold for over $1m A 5-room HDB resale flat in Clementi Avenue 3 was sold for $1,005,000 in August \u2013 a record price for this flat type outside the Pinnacle @ Duxton project. The\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"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":106941,"position":3},"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":90768,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/queenstown-hdb-flat-sold-for-1-1m-setting-new-record-for-5-room-flats-outside-pinnacle-duxton\/","url_meta":{"origin":106941,"position":4},"title":"Queenstown HDB flat sold for $1.1m, setting new record for 5-room flats outside Pinnacle @ Duxton","date":"June 7, 2018","format":false,"excerpt":"\r View of Block 18C Holland Drive. An HDB resale flat at Holland Drive in Queenstown has been sold for a sky-high price of $1.1 million in June, setting a new record for the most expensive 5-room unit sold outside the iconic Pinnacle @ Duxton housing project. The record also\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":140288,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/jden-sells-88-of-units-over-launch-weekend-most-expensive-hdb-flat-emerges-in-toa-payoh-and-more\/","url_meta":{"origin":106941,"position":5},"title":"J'den Sells 88% of Units Over Launch Weekend, Most Expensive HDB Flat Emerges in Toa Payoh, and More","date":"November 14, 2023","format":false,"excerpt":"\r J'den Sells 88% of Units Over Launch Weekend, Most Expensive HDB Flat Emerges in Toa Payoh, and More7 to 14 November 2023 J\u2019den, CapitaLand Development\u2019s (CLD) mixed-use project in Jurong East, sold 88% of its 368 residential units during its launch at an average price of $2,451 per sq\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2023\/11\/jden-condo-singapore-jurong.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/106941"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=106941"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/106941\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=106941"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=106941"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=106941"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}