Based on the table above, we can see McNair Towers inching closer towards its first S$1m 4-room flat after MOP. If you recall, the project hadSeparately, Toa Payoh Crest has had two units sold at S$975k so far, while Bendemeer Light sold a 4-room for S$950k in April.
Even the three SERS replacement projects on the list – City Vue@Henderson, Clementi Cascadia and Kallang Trivista – which have either completed or nearing their 5-year MOP, may likely see some records broken as well. Already, City Vue has sold two 1,001-sqft 4-room flats at or above S$1m under its SERS MOP in October 2020 and December 2021.
So the likelihood of the first 1,001-sqft 4-roomer selling for a million soon after its first 5-year MOP could come from any of them really.Also, while the list above shows recently MOPed BTO projects which have recorded near-S$1m sales for 4-roomers, there are more BTO projects with 4-room flats MOPing soon that we’ve yet to track. So it remains critical that we continue to monitor these trends.
If this trend continues, it may only be a matter of time when more 1,000-sqft 4-room HDB resale flats breach the S$1m mark – first, within urban districts, and later, in suburban neighbourhoods like Clementi and Jurong .781 Pasir Ris Street 71 Photo
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