{"id":71623,"date":"2017-11-13T10:45:56","date_gmt":"2017-11-13T03:45:56","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/3-hdb-flats-resold-for-over-1mil\/"},"modified":"2017-11-13T11:05:41","modified_gmt":"2017-11-13T04:05:41","slug":"3-hdb-flats-resold-for-over-1mil","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/3-hdb-flats-resold-for-over-1mil\/","title":{"rendered":"3 HDB flats resold for over $1mil"},"content":{"rendered":"


\nDespite a steady drop in HDB resale prices, at least three units in Holland Village and Commonwealth have been sold for more than $1 million so far this year, reported the Straits Times.
\nAccording to PropNex, one of them is a 36th-floor unit at Block 18D in Holland Drive that changed hands for $1.03 million in July. The other two are situated at Block 50, Commonwealth Drive. One fetched $1.028 million in August, while the other sold for $1.035 million in October.
\nPropNex property agent Michelle Chia, who was involved in the Holland Village deal, revealed that the unit was bought by a couple in their 20s, who were attracted by the \u201cmillion-dollar view\u201d of the landed properties in the vicinity and the flat\u2019s nearness to many amenities like the Holland Village MRT station.
\nSurprisingly, the trio are just regular HDB flats and are not among those that have often commanded high prices, such as units in Pinnacle@Duxton, executive apartments and homes constructed under the Design, Build and Sell Scheme (DBSS).
\nFor instance, a DBSS penthouse at Bishan\u2019s Natura Loft was sold for $1.18 million last February.
\nA Pinnacle@Duxton flat that fetched $1.12 million set a new record for the most expensive HDB resale transaction last year, while a five-roomer at Clementi Towers went for $1,005,000.
\nWhile Clementi Towers was the first HDB development fused with a shopping mall and bus interchange, HDB blocks in Commonwealth and Holland Village don\u2019t enjoy such features as they were intended to house those displaced by the Housing Board\u2019s Selective En Bloc Redevelopment Scheme (SERS).
\nMeanwhile, a representative from PropNex noted that an HDB flat at Block 18C, Holland Drive changed hands for $975,000 in August
\n\u201cWe can expect prices at this block to be around this rate, possibly crossing the million-dollar mark again, in the near future, as buyers are prepared to pay over $1 million for the units\u2019 size and their central location,\u201d added the spokesman.
\n\u00a0
\nThis article was edited by Keshia Faculin.
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…3 HDB flats resold for over mil<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Despite a steady drop in HDB resale prices, at least three units in Holland Village...<\/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-71623","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-iDd","jetpack-related-posts":[{"id":72653,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/news-roundup-november-2017\/","url_meta":{"origin":71623,"position":0},"title":"News Roundup (November 2017)","date":"November 23, 2017","format":false,"excerpt":"\r Our top Singapore property stories. Supply of private homes to soar over next 2 years The supply of private homes available for sale in Singapore is expected to surge by over two-fold in the next one to two years, National Development Minister Lawrence Wong revealed recently. According to a\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2017\/11\/Asia-Property-Awards-Singapore-Guocoland.jpg?fit=609%2C406&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":71623,"position":1},"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":83305,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/geylang-hdb-flat-with-city-views-sold-for-910000\/","url_meta":{"origin":71623,"position":2},"title":"Geylang HDB flat with city views sold for $910,000","date":"March 21, 2018","format":false,"excerpt":"\r The high floor unit at Pine Close offers unblocked views of the Singapore Sports Hub and city skyline. (Photo: Dulcie Liu) A 5-room HDB resale flat on a high floor in Geylang with sweeping views of the Singapore Sports Hub and city skyline has just been sold for a\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":122114,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/more-bto-flats-sold-within-a-year-of-reaching-mop-doubles-from-2016-to-2020\/","url_meta":{"origin":71623,"position":3},"title":"More BTO flats sold within a year of reaching MOP, doubles from 2016 to 2020","date":"September 21, 2021","format":false,"excerpt":"\r 13.4% of\u00a0BTO flats which reached their MOP were sold within a year, up from 6.5% in 2016. The Housing and Development Board\u2019s (HDB) statistics showed that the proportion of Build-to-Order (BTO) flats that were sold within one year of achieving their Minimum Occupation Period (MOP) has doubled from 2016\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/09\/HDB-EIP.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"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":71623,"position":4},"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":20866,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-resale-flat-prices-stay-flat-in-q2\/","url_meta":{"origin":71623,"position":5},"title":"HDB resale flat prices stay flat in Q2","date":"July 22, 2016","format":false,"excerpt":"\r HDB resale transactions were up last quarter, signalling a return of confidence in the market. 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