They have lived abroad, enjoying sea views in previous homes in Germany and Australia. The last HDB record of $730,000 was set earlier this month - also for a five-room Marine Parade flat with a sea view. Both are on high floors and near East Coast Park with what agents call the 'X-factor'. An executive HDB flat in Queenstown recently sold for $755,000, but it is newer and nearly 300 sq ft bigger than the record five-room Marine Parade flat. Executive flats are limited. $435m for Orchard Boulevard condo A 30-YEAR-OLD condominium at Orchard Boulevard has smashed the record for Singapore's most expensive collective sale. Westwood Apartments was sold yesterday for $435 million to Malaysian conglomerate YTL Corp. That is an eye-popping $2,525 per sq ft per plot ratio (psf ppr), including a $4.6 million development charge. This beats record-holder The Ardmore, a 24-unit freehold property off Orchard Road - sold in June for $262 million, or $2,338 psf ppr. Owners of the 50-unit condo will each get about $8 million. Owners of two penthouses will get about $17 million each, said deal broker Savills Singapore. The deal caught the industry by surprise, given the lukewarm response to government land sales and a slowdown of collective sales, recently. Hot 5-rm sales $750,888 - Marine Parade $730,000 - Marine Parade $720,000 - Kim Tian $710,000 - Marine Parade $700,000 - Mai Ling Street Hot en bloc deals $2,525 psf - Westwood Apartments $2,338 psf - The Ardmore, Ardmore Park $1,820 psf - The Grangeford, Leonie Hill $1,788 psf - Char Yong Gardens, Cairnhill $1,735 psf - The Parisian, Wheelock Place
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||
|
| >> RELATED STORY |
| Record property deals |
| HDB to build more flats to meet rising demand as supply falls |
| Over 1,600 apply for 489 HDB flats up for sale |
| Lawyer in 'cashback' scheme jailed three months |
| Housing still available at affordable rentals |
|
|
|
|
|
||||||||||
|
||||
|
||||
|
|