SINGAPORE - A 13-year-old Housing and Development Board (HDB) flat in Bukit Merah was sold on the resale market for $900,000 last month, according to figures from the HDB website.
This is the most expensive transaction for a five-room flat in the area so far this year.
The 1,184 sq ft unit is located at Block 118B Jalan Membina, and is situated between the 19th and 21st storeys.
The block is located just 500m away from Tiong Bahru MRT station and Tiong Bahru Plaza, which is scheduled to re-open at the end of the year after a $90m revamp. It is also close to the Tiong Bahru estate and Tiong Bahru Market and Food Centre.
While this is the most expensive sale of a five-room flat in the area this year, it is not a record. Last October, another unit along Kim Tian Road nearby fetched $950,000. In 2015, a total of nine five-room units in the area changed hands for $900,000 or more.
Checks on the HDB website reveal that there have been a total of 27 five-room units sold in the Bukit Merah area this year, with prices ranging between $600,888 and $900,000.
The record price for a five-room HDB flat remains the $1,088,000 unit at the Pinnacle @ Duxton last November.
Recently, a five-room flat at Ghim Moh Link in Queenstown also crossed the $900,000 mark, fetching $948,888 in February.