SINGAPORE - An adjoined resale flat in Tiong Bahru with just over 51 years of lease left fetched more than a million dollars this month.
She added that when the property was put up for sale in the third-quarter of last year, there were many interested parties, most of them with relatively young families. "Buyers who look for flats in this area are drawn to its old-world charm. Moh Guan Terrace has walk-up apartments that are not your usual cookie-cutter type of flat and have a distinctive look."
She said:"Some may not mind paying the amount to enjoy the location and space, which otherwise will be very expensive if it is a private condominium." Long-time Tiong Bahru residents who spoke to TNP said their families are unlikely to sell their homes despite knowing that they could possibly fetch a high price given the popularity of the area.
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