Property
5-room DBSS at Park Central @ AMK sells for S$1.268M, setting town record
In February, Ang Mo Kio’s Park Central @ AMK set a record with a S$1.268 million resale price for a five-room DBSS public housing unit, marking a significant milestone in the town’s real estate market.
SINGAPORE: In February, Ang Mo Kio town witnessed a landmark resale flat transaction at Park Central @ AMK, breaking records with a selling price of S$1.268 million for a five-room Design, Build, and Sell Scheme (DBSS) public housing unit.
According to official records, the unit is situated between the 13th and 15th floors in Block 588C Ang Mo Kio Street 52.
Spanning an impressive 1,292 sq ft, the unit boasts a remaining lease of 86 years.
Data from the HDB official website further discloses noteworthy transactions in the same vicinity.
In the same month, another DBSS flat within the same block exchanged ownership at a substantial S$1.06 million.
Additionally, adjacent blocks saw other DBSS units changing hands, each fetching prices surpassing the million-dollar mark. 
As part of the DBSS scheme, this development is one of 13 projects in Singapore that combines public housing with private developer input.
As reported by Chinese media outlet Shin Min Daily News, the sellers, a couple in their 60s, disclosed that their children had moved out to start their own families. In response to their changing needs, the couple decided to downsize their home.
The buyers of the flat, on the other hand, comprise a family of four.
Strategically located, the HDB flat is near Jing Shan Primary School, Anderson Secondary School, and Nanyang Polytechnic.
Furthermore, it offers convenient access to Ang Mo Kio MRT station, making it an ideal residence.
This resale transaction not only marks a significant milestone but also sets a new record for the highest resale price of HDB flats in Ang Mo Kio, surpassing the previous record set in 2023.
Back then, a 1,894 sq ft HDB flat in Block 418 Ang Mo Kio Avenue 10 was sold for S$1.2 million, with a remaining lease of 55 years.
470 HDB resale flats sold for at least S$1 million in 2023
In 2023, there were 470 HDB resale flats sold for at least S$1 million, up from the 369 units sold in 2022, as disclosed by data from the Singapore Real Estate Exchange (SRX) on 7 January.
These million-dollar transactions constituted approximately 1.8% of the total resale transactions in 2023.
According to statistics released earlier by the HDB, the prices of HDB resale flats experienced a more modest increase of 4.9% in 2023, compared to the substantial 10.4% surge observed in 2022.
The HDB’s Resale Price Index (RPI) for the fourth quarter reached 180.4, reflecting a 1.1% increase over the third quarter of 202.
This growth rate is lower than the 1.3% recorded in the third quarter of 2023 and the average quarterly growth of 2.5% observed in 2022.
In terms of resale transactions, there was a 2.2% decline in the fourth quarter of 2023, with 6,547 cases compared to the 6,695 cases in the third quarter of the same year.
Additionally, when compared to the fourth quarter of 2022, resale transactions in the fourth quarter of 2023 were 0.8% lower.
This volume also represents the lowest fourth-quarter figure since 2020.
For the entire year of 2023, the total resale volume decreased by 4.2%, dropping from 27,896 cases to 26,735 cases, according to HDB.
In January, a five-room DBSS flat at 139A Lorong 1 Toa Payoh set a record, selling for S$1,568,888—the highest price ever for a resale flat in Singapore.
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The people voted for it. Unlikely they won’t vote the same this G.E. so it’s Self-actualised problem. They would say this is Bor Biang one.
Same white wine from the same bottle ,sings the same song.
Ask Harvard Pineapple Botak how to survive on $1000 salary and own a HDB flat?
Talk is Free, no more cheap. tsk tsk tsk
Mr Pineapple Botak, 1k income household can afford public housing flat or not?
Looks like resale records are being achieved throughout SillyPore, … ensuring that no one’s left out or behind !!!
Public housing in SillyPore will very soon achieve another landmark for SillyPore, if not already, … most expensive public housing in any democracy, to compliment it’s most expensive city status !!!
All SillyPoreans must be truly, simply and outrightly proud !!!
So all HDB prices going up again? DL, don’t sleep on the job, please come out to state that a salary ceiling of $8000/- per household for new or resale flats or you have to keep increasing subsidies and LW, GST. You will have to continue to lie to the Public that the subsidies given because of land costs are recycled as revenue and posted as reserves.
DBSS = Don’t Buy, Sia Suay
So, even when it is expensive, die die must buy…lol.
Only the Loong location can scam whoever such high price to buy a dbss …
Well done Pineapple and Cotton Lovers. Give yourself a big clap!!! tsk tsk tsk