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Bukit Batok & Marine Parade be part of million-dollar membership as HDB resale flats fetch document costs in July

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Along with Hougang and Yishun, Bukit Batok and Marine Parade have joined an unique membership. HDB resale flats in these two areas had been bought for over a million {dollars} in July, says a latest report.

In Marine Parade, an HDB flat was bought for S$1.01 million, the primary resale flat to fetch that worth in that property, whereas in Bukit Batok Street 25, an govt masionette was bought for S$1.005 million.

“Bukit Batok is the fourth non-mature estate to join the million-dollar club, after Hougang in 2018, Yishun in February 2022 and Woodlands in May 2022,” 99.co mentioned on Aug 4.

In early July, the location reported that 5-room HDB flat at SkyTerrace @ Dawson bought for an all-time excessive of $1.418 million.

Two months in the past one other 5-room flat, this time at City Vue @ Henderson, had set the document, promoting for S$1.4 million.

And final week, it was reported {that a} Hougang Central flat lately bought for S$1.073 million, one other instance of the notable rise in public housing costs.

The flat is a single-floor HDB Executive Apartment, measuring 1,485 sq ft and was inbuilt 1999.

Propnex agent Kum Soon Ho mentioned that the Executive Apartment had solely been available on the market for lower than a month.

99.co added that 33 resale flats in all had been bought for over one million {dollars} final month. In June, 31 flats had been bought at this worth, and in May, there have been 30.

The document for the very best variety of million-dollar flats bought in a month is 36, which occurred in December of final yr. 

In June in a Bloomberg interview, Liu Thai Ker, the person behind Singapore’s Housing Development Board who’s also referred to as “the architect of modern Singapore” expressed considerations over Singapore’s excessive property costs.

More and extra properties in Singapore costing hundreds of thousands of {dollars} have been reported, because the property market has gotten pricier.

The common personal property now prices about 15 instances of median family earnings, which is greater than in New York, London and San Francisco, Bloomberg famous.

“I do fear that these days, public housing costs is known as a enterprise enterprise than really fixing the housing want. 

I really feel that the implication might not be superb for the financial growth of Singapore,” Mr Liu mentioned.

/TISG

Public housing worth surge: Executive Apartment in Hougang sells for S$1.073 million

 

The put up Bukit Batok & Marine Parade be part of million-dollar membership as HDB resale flats fetch document costs in July appeared first on The Independent Singapore News – Latest Breaking News


Bukit Batok & Marine Parade be part of million-dollar membership as HDB resale flats fetch document costs in July.
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