Five-room HDB flat at Tiong Bahru View sold for $1.2 million
In April, a 1,205 sq ft, five-room, build-to-order (BTO) HDB flat at Tiong Bahru View in Bukit Merah was sold for a record $1.2 million. This is the first time that the price of a standard HDB flat surpassed non-standard flats such as Pinnacle@Duxton units, DBSS (design, build and sell scheme) units, terraces and maisonettes, according to OrangeTee & Tie (OTT).
Tiong Bahru View comprises three 40-storey and one 25/30-storey residential blocks with a total of 700 units of studio apartments and three- to five-room flats. It will reach its five-year minimum occupancy period (MOP) next year. Special approval has to be obtained from HDB for a flat to be sold prior to the end of its MOP.
This is not the first time that the sale of a five-room flat at Tiong Bahru View crossed the $1 million-dollar mark. In December, a similarly sized unit in the same block was sold for $1.15 million in a deal brokered by Cindior Ho and Edmund Tan, both associate directors at PropNex.
