{"id":120611,"date":"2021-06-23T01:18:55","date_gmt":"2021-06-22T18:18:55","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/49-year-old-hdb-terraced-house-in-whampoa-breaks-record-with-1-268mil-selling-price\/"},"modified":"2021-07-18T17:03:31","modified_gmt":"2021-07-18T10:03:31","slug":"49-year-old-hdb-terraced-house-in-whampoa-breaks-record-with-1-268mil-selling-price","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/49-year-old-hdb-terraced-house-in-whampoa-breaks-record-with-1-268mil-selling-price\/","title":{"rendered":"49-year-old HDB terraced house in Whampoa breaks record with $1.268mil selling price"},"content":{"rendered":"


\n49-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
\nAdding to the record number of million-dollar HDB flats sold for this year, a 49-year old HDB terraced house in Whampoa was transacted for $1.268 million this month.
\nThis breaks the record previously held by a five-room flat in The Pinnacle\u200a @ Duxton, which was sold for $1.258 million last September, reported The Straits Times (ST).
\nSuggested read:\u00a0Is Pinnacle @ Duxton Worth Over 1 Million? We Compare It to Nearby HDB Flats and Condos \u00a0
\nAs of 21 June, Singapore saw 99 HDB resale flats change hands for at least $1 million this year \u2013 or the highest number of million-dollar flats transacted within a year. Of these, 12 were sold this month.
\nOverall, 401 million-dollar flats had already been sold since the first such transaction was registered in 2012.
\nThe 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.
\nAnd while it is marked by the HDB as a three-room maisonette, the sellers had remodelled the unit to feature four bedrooms and two toilets, with the revamp costing almost $250,000, said ST.
\nThe unit does not have a private parking space but the estate has a designated HDB car park.
\nWith its 99-year lease starting in 1972, the flat has a remaining lease of 50 years and a month when it was sold.
\nST revealed this latest transaction was closed by PropertyLimBrothers, which is a property agent group under PropNex Realty.
\nSingapore only had 285 HDB landed terraced units that are mainly located within Whampoa and Queenstown estate.
\nThe units were built by HDB\u2019s predecessor, the Singapore Improvement Trust (SIT), in the 1950s.
\nOwners of such units were given a fresh 99-year lease when HDB took over from SIT in the late 1960s and early 1970s.
\nThe HDB terraced cluster in Whampoa consist of three streets \u2013 Jalan Bahagia, Jalan Tenteram and Jalan Ma\u2019mor.
\nFor this year so far, the cluster saw seven units change hands.
\nThe 210 sq m corner terraced unit is the biggest in Block 39, although bigger units of between 215 sq m and 307 sq m can be found within the estate.
\nThe largest unit, at 307 sq m, is located at Block 52 Jalan Bahagia, while the second biggest, at 297 sq m, is at Block 58 Jalan Ma\u2019mor.
\nWhile shelling out $1.268 million for a 49-year old HDB unit may come as a shock for some, an analyst shared that it is more appropriate to compare the HDB terraced units with 99-year private landed terraces.
\nSingapore Realtors Inc Chief Executive Tony Koe noted that 99-year leasehold landed properties are gaining popularity among the sandwiched class since the entry-level for freehold landed properties are beyond their reach.
\nAnd with the average price of 99-year private properties significantly rising from about $1.774 million in 2020 to $1.980 million this year, HDB terraced units offer a more affordable alternative.
\n\u201cFor a certain group of buyers, the age of the property is no longer crucial in their decision-making. Those cashing out from their current property of higher value are definitely the potential buyers of such HDB terrace units,\u201d said Koe as quoted by ST.
\n\u201cIn short, maintaining their lifestyle with a million or two for retirement. Why not?\u201d
\n\u00a0
\nLooking for a property in Singapore? Visit PropertyGuru\u2019s\u00a0Listings,\u00a0Project Reviews\u00a0and\u00a0Guides.
\nVictor Kang, Digital Content Specialist at PropertyGuru, edited this story. To contact him about this story, email:\u00a0victorkang@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…49-year-old HDB terraced house in Whampoa breaks record with .268mil selling price<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

49-year-old HDB terraced house in Whampoa breaks record with $1.268mil selling priceThe two-storey flat at...<\/p>\n","protected":false},"author":1,"featured_media":120612,"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-120611","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-property-news"],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/06\/39-jalan-bahagia-crop.png?fit=820%2C410&ssl=1","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-vnl","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":120611,"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. 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A record number of HDB resale flats were sold at over $1 million for the whole of 2018, even though the island-wide prices of such units have fallen for the fifth\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":101540,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-terrace-near-whampoa-sold-for-record-1-185m\/","url_meta":{"origin":120611,"position":3},"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":24001,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/are-million-dollar-hdb-flats-becoming-the-norm\/","url_meta":{"origin":120611,"position":4},"title":"Are million-dollar HDB flats becoming the norm?","date":"August 26, 2016","format":false,"excerpt":"\r The iconic Pinnacle @ Duxton has led to an uptick in million dollar flats sold per quarter. 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