The authorities said the listing for a 2,400 sq ft jumbo flat in Block 314C Anchorvale Link was “misleading”, as there are no such flats in the block.
“The jumbo flat listed is actually two adjacent five-room flats, which are not eligible to be converted into and sold as a single unit,” they added. The authorities said the listing for a jumbo flat in Block 314C Anchorvale Link was taken down after CEA brought up the misleading advertisement to the agent’s property agency. PHOTO: SCREENGRAB FROM PROPERTY GURU.COM.SG
Separately, the authorities said a five-room Design, Build and Sell Scheme flat in The Peak@Toa Payoh, which was also listed for $2 million, does not have an intent to sell registered with HDB. This means that the potential seller cannot grant an option to purchase to buyers at this stage. Sellers of HDB flats have to register their intent to sell before they put their flat on the market.
The highest transaction at the development was $1,568,888 for a five-room, 1,258 sq ft unit between the 40th and 42nd storeys, and it was sold in January 2024. “We should not expect housing prices to increase indefinitely amid global economic uncertainty and geopolitical instability.”
Source: Real Estate Daily Report (realestatedailyreport.net)
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