Bedok’s 1st million-greenback condominium snapped up in a thirty day period, Income News

With an inquiring cost of far more than US$1 million for an HDB flat, it is comprehensible for future consumers to suspend thing to consider before making this kind of a buy.

But in just a person thirty day period, the oversized rental in Bedok marketed, signing up for an unique and developing $266 million HDB resale condominium deal so much in 2022.

This surpasses the 259 units recorded for all of 2021, according to the HDB.

In an job interview with AsiaOne on Tuesday (Sept 27), Lee Jun Wei of PropertyLimBrothers, one particular of the brokers for the deal, stated he was “not at all amazed” by the amount of curiosity demonstrated for the residences at Block 629 Bedok Reservoir Street.

Additional than 5 groups of possible prospective buyers have visited the condominium given that it was mentioned in early August, Lee stated, incorporating that it offered for about $1.04 million on Sept. 17. The vendor is inquiring $1.15 million for the unit.

“The need is quite wholesome, [since] This is a very exceptional discover,” Lee shared.

Even though describing the dimensions of the apartment as an “appealing issue”, Lee declined to discover the customer when questioned by AsiaOne, citing privacy explanations.

Lee mentioned in a walkthrough video clip shared on YouTube on Aug. 29, the oversized 173-sq.-metre unit was a combination of a a few-bed room apartment and a 4-bed room corner device.

Finished in 1993, the device is positioned on a superior flooring with roughly 69 yrs remaining on the lease.

Big condos are exceptional as they are only sold on the resale market, with only 2,900 this kind of models in Singapore, The Straits Moments reported in 2017.

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A swift search on the HDB resale site disclosed that the very last large HDB device in Bedok Reservoir was sold for $800,000 in September for a massive 150sq m govt villa. The unit has 62 decades remaining on the lease.

A different benefit of the rental is its place – Block 629 is just a limited wander from Bedok North MRT Station, Lee explained.

The block is also reverse the wet market place and espresso retailers, and there is a Fairprice keep close by.

In the identical thirty day period, other estates also experienced million-greenback gross sales.

A 154-square-metre executive duplex in Tampines modified palms for $1.013 million, when a five-bedroom device in Toa Payoh marketed for $1.35 million.

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