Last month, a surprising milestone occurred in Woodlands’ real estate scene, as an HDB resale unit commanded an astounding S$1.15 million.
This event sparks inquiries into the factors influencing these high valuations, highlighting a 177-square-meter unit’s record-breaking sale and a counterpart’s lower transaction of S$930,000 within the same block.
Choa Chu Kang’s Block 641 welcomes a record-setting executive flat rental at S$6,600/month, marking a milestone for 2023.
Rising concerns among locals and expats highlight mounting rental affordability issues, while The Business Times in February this year predicted further tenant struggles due to rising property taxes and interest rates.
In Tiong Bahru, a 2-room HDB flat recently sold for a staggering S$585,000, breaking the resale apartment record for similar-sized units.
Situated in 43 Moh Guan Terrace, the apartment spans 67 square meters, boasting a 48.5-year lease and contributing to the area’s history of record property sales.