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SINGAPORE: A four-room resale Housing and Growth Board (HDB) unit close to Kallang MRT station has been bought for greater than S$1.3 million.
This is likely one of the most costly transactions for resale flats this yr, after the sale of the 50-year-old jumbo four-room unit in Moh Guan Terrace, which was bought for S$1.5 million in June.
The property in query is a four-room unit located on the twenty eighth ground of Block 8B, Higher Boon Keng Street. The unit boasts a horny view of the picturesque Kallang River and Sports activities Metropolis, making it a sought-after location. The property comes with a remaining lease of 92 years and eight months and spans an space of 98 sq. metres.
The vendor initially listed the property for S$1,388,888, and the unit was bought after roughly three and a half months available on the market, throughout which two teams of potential consumers visited the unit. The speedy sale signifies sturdy demand for such properties on this space.
One notable side of this sale is that the property will not be affected by the Prime Location Mannequin (PLH) restrictions. This gives new householders flexibility of their funding selections, making it a profitable alternative for potential consumers.
The placement of this four-room unit can also be extremely engaging. It’s not solely conveniently situated inside strolling distance from Kallang MRT station however can also be in shut proximity to the Central Enterprise District. Moreover, it’s simply two MRT stations away from one other central space, Paya Lebar, and is well-connected to the Kallang-Paya Lebar Expressway (KPE), offering easy accessibility to main transport routes.
Analysts have identified that the shortage of recent five-room flats in mature areas, coupled with the desirability of the placement, has not directly pushed up resale costs of four-room HDB flats in mature areas like this one.
The Kallang Trivista HDB space to which this unit belongs has a complete of 808 items and reached its Minimal Occupation Interval (MOP) in 2021. Notably, 504 households initially residing within the Rochor Level HDB flats relocated to this space after the Authorities requisitioned the Rochor Level HDB flats on the finish of 2011 because of the growth of the North-South Expressway undertaking.
The million-dollar sale of this four-room HDB unit close to Kallang MRT station showcases the enduring attraction of mature areas and their prime places whereas highlighting the continued demand for housing and skyrocketing costs for resale flats regardless of cooling measures.
The publish 4-room HDB unit close to Kallang MRT station resold for staggering S$1.3m appeared first on The Impartial Singapore Information – Newest Breaking Information
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