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After listening to {that a} Housing and Improvement Board (HDB) govt flat in Woodlands lately bought for over 1,000,000 {dollars}, mother and father expressed concern that their kids would by no means have the means to afford housing sooner or later.
HDB resale costs continued on their upward trajectory since 2020, with one flat in Woodlands reselling for S$1,040,000, the best worth of its variety within the final six months.
In keeping with Uchify weblog website, the manager flat is situated at Block 832 Woodlands Avenue 83, with 71.5 years left on the lease.
The property is round 2,034 sq ft (189 sq m), the bigger than common measurement justifying the value tag. The block can be close to the Woodlands Park Connector, Causeway Level, 12 childcare centres and two kindergartens.
Govt residences had been first launched within the Nineteen Eighties and phased out in 2005, famous Uchify.
A jumbo flat in Yishun additionally made information in March this yr because it went for S$1,038,000, a primary for this HDB city in northern Singapore.
The almost 2013 sq ft (187 sq m) flat is the second non-mature HDB property to cross the S$1 million thresholds.
Costs in Singapore’s residential property sector are anticipated to proceed rising given the tapering provide and rising rates of interest in 2022, the favored property web site PropertyGuru predicted final December.
The property sector has displayed unbelievable resilience within the face of the Covid-19 pandemic however could must cope with growing macroeconomic and property provide developments in 2022, stated the web site in its annual report of the nation’s property market outlook.
The Yishun jumbo flat shocked residents within the space for the reason that house is round 30 years previous with a remaining lease of 69 years and 4 months.
Some expressed concern that costs of flats will proceed to escalate, placing them out of attain of their kids and grandchildren.
Netizens responded equally to the Woodlands govt flat. “Even Woodlands HDB flat bought for million {dollars}. Then city space HDB flats will begin promoting for S$2M or extra. Xiao liao. How can my kids afford it?” requested Fb consumer Ande Liew.
Others puzzled why HDB flats appeal to such excessive costs. “Isn’t rental price extra?” requested Fb consumer Jaishri.
“I actually don’t perceive why individuals would wish to pay S$1 Million for an HDB flat,” added netizen Fel Mic. /TISG
30-year-old jumbo flat in Yishun brings million-dollar bonanza for sellers
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