A unit located above the 35th floor of 9B Boon Tiong Road was sold for $1.588m.A five-room HDB flat in Tiong Bahru has broken the record for the highest resale price.
The block has 40 storeys and is part of the Tiong Bahru View project, which comprises three other blocks. These include flats that are located near the city, on a high floor, and in an estate that is near an MRT station."Furthermore, we have also observed a steady demand for five-room resale flats in city fringe locations, as these are not typically offered in HDB's Build-To-Order projects in choice locations closer to the city."
"These are headliners, and the number of flats that are sold for $1 million and more remains a very small proportion of the overall volume of resale transactions that are carried out every year," said Lee, who was responding to reporters' questions at an event in Boon Lay on April 27.
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