[Levin]

Michelle Ng
PUBLISHED DEC 9, 2021, 2:33 PM SGT


SINGAPORE - A five-room Housing Board loft unit in Treelodge @ Punggol changed hands for $970,000 last month, the sixth flat in Punggol that has fetched more than $900,000 since 2019.

However, while million-dollar HDB resale deals now regularly make headlines, these flats are in mature estates, and analysts say it may take some time before a similar transaction surfaces in a non-mature estate.

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Till now, there has been only one million-dollar transaction in a non-mature estate.

In January 2018, a 177 sq m maisonette unit at Block 851 Hougang Central changed hands for $1 million. The flat, on one of the highest floors in the 15-storey block, had 78 years left in the 99-year lease.

HDB loft units are a type of premium apartments that are highly sought-after for their bigger space and double-storey height, which are rare attributes for public housing.


Five more photos and rest of the report at:
https://www.straitstimes.com/singapore/h...for-970000