Category Archives: HDB

Rare HDB house sold for $1.02m

Posted on 3 Jul 2013 | Comments Off on Rare HDB house sold for $1.02m

A 2,863 sq ft HDB corner house in Whampoa was sold for S$1.02 million or about S$360 per sq ft back in April this year, according to media reports.

The rare terrace property with a garden is one of just 285 HDB landed properties in the country and the fourth such type to be sold for more than S$1 million. These homes were built by the Singapore Improvement Trust in the 1960s.

The latest resale deal breaks the record set by a Bishan Street 13 maisonette sold for S$1.01 million in January. However, analysts maintain that such deals are uncommon and do not reflect the overall market.

“They are all very rare units you don’t get to see everywhere,” said PropNex Senior Vice-President Lim Yong Hock. “Even within the same block, there are only one or two units with that kind of layout and size.”

With 59 years left on its 99-year lease, the property’s selling price includes a cash-over-valuation (COV) of S$140,000. The buyer is a neighbour who lived in a 990 sq ft terrace house along the same the road.

“The buyer has been living there for a long time and they wanted to stay in this kind of property, so they switched over and moved nearby,” Lim said.

Source : PropertyGuru – 1 July 2013

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Punggol EC oversubscribed 1.2 times

Posted on 2 Jul 2013 | Comments Off on Punggol EC oversubscribed 1.2 times

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The newly-launched Ecopolitan executive condominium (EC) in Punggol has been 1.2 times oversubscribed, with 650 e-applications received since Friday, 5 June.

Developed by Qingjian Realty (South Pacific) Group, the project comprises 512 units spread across eight blocks. Units range from three- to five-bedroom configurations.

Ecopolitan also features a “CoSpace” concept which offers the flexibility to combine both utility and study rooms into a wider, more useful space that can be used for various purposes.

“The enthusiasm from the home buyers over the past weekend has been very encouraging. CoSpace concept has been very well-received by home buyers and they are certainly inspired by the various lifestyles they can attain at Ecopolitan at different stages of their lives,” said Li Jun, General Manager of Qingjian Realty.

“The EC market has been very healthy and stable in the past three years. The new Monetary Authority of Singapore measures will provide a more complete system in monitoring property-related mortgages and its refinancing, which will better protect the needs of first-time home buyers.”

E-applications for units at Ecopolitan will close on 7 July, with bookings set to open on 3 August.

Source – PropertyGuru – 2 Jul 2013

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