{"id":90768,"date":"2018-06-07T18:06:06","date_gmt":"2018-06-07T11:06:06","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/queenstown-hdb-flat-sold-for-1-1m-setting-new-record-for-5-room-flats-outside-pinnacle-duxton\/"},"modified":"2018-06-07T19:04:12","modified_gmt":"2018-06-07T12:04:12","slug":"queenstown-hdb-flat-sold-for-1-1m-setting-new-record-for-5-room-flats-outside-pinnacle-duxton","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/queenstown-hdb-flat-sold-for-1-1m-setting-new-record-for-5-room-flats-outside-pinnacle-duxton\/","title":{"rendered":"Queenstown HDB flat sold for $1.1m, setting new record for 5-room flats outside Pinnacle @ Duxton"},"content":{"rendered":"


\nView of Block 18C Holland Drive.
\nAn 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.
\nThe record also excludes executive flats which are bigger, and Design, Build and Sell Scheme flats developed and sold by private developers.
\nMore: Queenstown HDB Flat Sold For $1.08m, More Record-Breaking Deals Expected
\nData from the Housing Board website shows that the 1,259 sq ft flat is located in Block 18C between the 37th and 39th floors. It has a remaining lease of 93 years.
\nWhile the original price is not known, the HDB block was built under the Selective En bloc Redevelopment Scheme, which gives buyers the opportunity to purchase the replacement flats at favourable prices.
\nHolland Drive is close to the Buona Vista and Holland Village MRT stations. Several supermarkets and malls such as The Star Vista and Holland Road Shopping Centre are also nearby.
\nOther recent HDB transactions in Queenstown involving 5-room flats that breached the million-dollar mark include a 1,216 sq ft unit at Block 23 Ghim Moh Link sold for over $1.02 million in April, and a 1,259 sq ft flat at Block 50 Commonwealth Drive which changed hands for over $1.038 million a month before.
\nKnown for its iconic design, Pinnacle @ Duxton in the city centre holds the record for having the most expensive 5-room HDB flat. Built in 2009, the 1,151 sq ft higher floor unit in Block 1B with a remaining lease of 91 years was resold in March for $1.145 million.
\nSuch dizzying prices are sometimes seen in mature housing estates due to their good locations and other attributes such as unblocked views, but are not common in the overall HDB resale market.
\nIn fact, HDB resale prices have declined for six consecutive quarters, falling 0.8 percent in Q1 2018. This is greater than the 0.2 percent decrease in the previous quarter.
\nProperty agency ERA Realty expects HDB resale prices to remain flat in 2018.
\n\u201cAny price increase or decrease is likely to be very moderate and would not exceed 1.5 percent for the full year,\u201d said Eugene Lim, key executive officer of ERA Realty.
\nFind HDB flats for sale in Queenstown or read our HDB guides.
\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…Queenstown HDB flat sold for .1m, setting new record for 5-room flats outside Pinnacle @ Duxton<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

View of Block 18C Holland Drive. An HDB resale flat at Holland Drive in Queenstown...<\/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-90768","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-nC0","jetpack-related-posts":[{"id":71623,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/3-hdb-flats-resold-for-over-1mil\/","url_meta":{"origin":90768,"position":0},"title":"3 HDB flats resold for over $1mil","date":"November 13, 2017","format":false,"excerpt":"\r Despite 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. According to PropNex, one of them is a 36th-floor unit at Block 18D in Holland Drive\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":92772,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/propertyguru-news-roundup-june-2018\/","url_meta":{"origin":90768,"position":1},"title":"PropertyGuru News Roundup (June 2018)","date":"June 29, 2018","format":false,"excerpt":"\r Our top Singapore property stories. New Zealand: We Don\u2019t Want Foreign Buyers \u2014 Except Singaporeans? The New Zealand government recently announced that Singapore will be a \u201ccarve-out\u201d nation, granting citizens in the Southeast Asian city-state the right to buy property in the archipelago,\u00a0Stuff\u00a0reported. 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(Photo: Mohamed Ameen) A HDB resale executive apartment at Block 148 Mei Ling Street in Queenstown, which has a balance lease of about 76 years, was sold this month for an eye-popping $1.08 million,\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":90768,"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":106941,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/5-room-hdb-flat-in-bukit-merah-sold-for-record-1-2m\/","url_meta":{"origin":90768,"position":4},"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":22688,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/clementi-flat-sold-for-over-1-million\/","url_meta":{"origin":90768,"position":5},"title":"Clementi flat sold for over $1 million","date":"August 12, 2016","format":false,"excerpt":"\r Clementi Towers is the first HDB project to be integrated with a bus interchange and shopping mall. 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