HDB resale flats in Tampines and Punggol sold for over S$1 million, more records broken

More and more areas are joining the club of Housing and Development Board (HDB) resale flats being sold for over a million dollars.

An HDB maisonette in Tampines was sold for S$1.013 million, and a five-room loft unit at Punggol fetched S$1.198 million this month.

Real estate portal 99.co reported that the Tampines flat spans around 1,658 sq ft and is across the street from Our Tampines Hub.

It is also a 10-minute walk away from Tampines MRT as well as three nearby malls, namely Tampines 1, Tampines Mall and Century Square.

The property currently has 72 years and three months left on its lease.

Meanwhile, the Punggol flat, initially listed for S$1.22 million, was sold two days after it was opened for viewing.

The 1,603 sq ft loft unit is on the top floor and was built only in 2013, making it a rarity among such properties.

It is located along Punggol Field, which is about seven minutes away from Soo Teck LRT and 10 minutes from Punggol MRT and Waterway Point.

The two properties are highly sought after as they are double-storey HDB flats, making them extra attractive to buyers, said 99.co.

To date, seven HDB flats have breached the one million mark this year.

“These estates are all relatively further away from the city centre, unlike centrally located estates such as Bishan, Bukit Merah and Queenstown, where million-dollar flats are usually found,” explained 99.co.

“Nevertheless, it should be noted that most of these million-dollar flats are bigger than the typical flat, with most of them being rare jumbo flats and maisonettes.”/TISG

New record HDB resale: Dawson unit with 93 yrs left on lease sells for S$1.4 million