A 1,033 sq ft unit in 82 Tiong Poh Road with 43 years left on its lease changed hands for $1.12 million in August, indicating that there are a number of buyers interested in pre-war flats., property agent Celeste Loh said the previous owner was a single woman who had rented out the unit before deciding to put it out for sale., PropertyGuru’s website showed that there are currently three other units for sale in the same block – one of them with an asking price of $2 million.
Speaking to AsiaOne, another property agent, Johnson Tan, said that potential buyers of pre-war flats are not put off by the shorter lease. This is due to the rarity of such flats in the market, said Tan, who has listed a three-bedroom unit at. The current occupant of the flat is a three-generation household who are looking to move out.
"The potential buyers must really like the old flats that you can't find in other places in Singapore, and have some extra money," added the senior associate district director at OrangeTee & Tie.
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