Boon Keng 5-room HDB flat sells for record $1.2 million

Boon-keng-flat-sold-1.2M
Boon-keng-flat-sold-for-1.2M

Source: https://www.straitstimes.com/singapore/housing/boon-keng-5-room-hdb-flat-sells-for-record-12-million

Piermont Grand

 

Despite a Boon Keng 5 room flat selling for a record price, HDB resale prices remained stable in July 2019.

HDB resale prices drop by 0.2 per cent from June, although resale transactions volume increase by 11.9 per cent, according to SRX Property.  The resale prices for 3 room and 5 room flats drop by 0.9 and 0.1 per cent respectively. 4 room flat prices remained flat while executive flats rose by 0.3 per cent. Non-mature estate prices increase by 0.2 per cent while mature estate flats drop 0.8 per cent.

 

The demand for older resale flats may have increased after the recent CPF rule changes that allow buyers to use more of their CPF savings and get higher HDB loans for older flats.

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