Executive flat in Bedok sells for record-breaking $935,000

Executive flat in Bedok sells for record-breaking $935,000

SINGAPORE - An executive flat in Bedok was sold for a record-breaking $935,000 in February, according to figures published on the Housing and Development Board (HDB) website.

The 1,571 sq ft executive maisonette was completed in 1989, and is located at Block 108, Lengkong Tiga.

Real estate website The Edge reported that the deal marked the most expensive flat transaction in Bedok.

While most analyses expected property prices to decline in 2016, the Bedok flat was one of three deals that went for over $900,000 in February this year.

The first saw a four-room unit at the Pinnacle @ Duxton fetch $938,880.

The unit is located on one of the levels from the 49th and 51st storeys at Block 1B, and has a floor area of 1,011 sq ft.

The most expensive four-room HDB flat sold to date was another unit at the Pinnacle @ Duxton, which went for $990,000 in September last year.

Finally, a Design, Build and Sell Scheme (DBSS) flat at premium public housing development City View @ Boon Keng was sold for $928,000 on Feb 24, based on data on the HDB website.

At 1,259 sq ft unit, the 21st-floor, five-room flat sold for $737 per sq ft.

Most flats at City View @ Boon Keng recently reached the five-year minimum occupation period in January, allowing owners at the three-block development to put up their units for sale.

The Straits Times reported that a top-floor unit there was sold for $1,028,000, after just two weeks on the market.

seanyap@sph.com.sg

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