Record $653k for 4-room HDB flat

[Bismarck]

http://www.straitstimes.com/BreakingNews/S...ory_453762.html

 

A FOUR-ROOM Queenstown HDB flat has sold for $653,000, setting a new record for price per sq ft (psf), amid continuing red-hot demand for resale flats.

 

The buyers, a male Indonesian permanent resident and a Singaporean woman, could have bought a condominium unit in an outlying area for the price.

 

But they were won over by the location, just five minutes walk from Queenstown MRT station, and on the top, 40th floor of the block, with unblocked views of greenery from all windows.

 

The four-year-old 969sqft unit at Forfar Heights, Strathmore Avenue, sold for $68,000 above valuation - a level determined by an independent valuer.

 

This works out to $674 psf, smashing the previous record of $609 psf, achieved in January last year, by about 10per cent.

 

This may be an unusually high price but resale prices have been moving up.

 

[Bismarck]

When Marlboro Tan said HDB flats are still affordable, he means it is still affordable to PRs, understand fellow Singaporeans?

[Seaweed]

one word..."siao" !!!

[Ender]

When Marlboro Tan said HDB flats are still affordable, he means it is still affordable to PRs, understand fellow Singaporeans?

He have different definition. He is base on monthly installment which is 20% of income, totally ignoring the duration of loan, e.g 30yrs.

 

Last generation, affordable is can clear loan within 10-15yrs.

[Thargor]

actually if you can, go check on the pic of that HDB flat. All I wanna say is it's very well furnish and renovated...you do get the feeling that you enter a HDB lift and step into a condo :)

[Iisterry]

And valuations will start rising... and in turn new HDB prices will start rising.... and valuations will start rising again... and on and on and on...

 

They should just give 99 year loans instead... and change HDB into a landlord.

[Seaweed]

put 100 yrs...i also can buy orchard road hse liao...ha ha ha...he never think before talk....if i need struggle 30yrs just to afford a shelter over my head....humm...i think i better camp at east coast park...got "wu ti hai jing" somemore...

[Ichibawa]

Probably its the work of those real estate agency trying to spur the market in order to earn more from commission out of human greed.

[City100a]

He have different definition. He is base on monthly installment which is 20% of income, totally ignoring the duration of loan, e.g 30yrs.

 

Last generation, affordable is can clear loan within 10-15yrs.

I think if you think about it there is some truth in what the minister is saying regardless whether we like it or not

 

ask yourself

10 years ago how much does a bowl of noodle cost or even a can of coke cost

property prices have also increased

to demand that prices of hdb flat remains static for the past 10 to 20 years is both wishful thinking and unrealistic

 

there are flats still relatively cheap like in woodlands

 

the problem we face in singapore is not uniquely that of singapore but world wide

 

hence the bottom line is to live within one means

 

[City100a]

Probably its the work of those real estate agency trying to spur the market in order to earn more from commission out of human greed.

i am not trying to put down any profession

but property agents are really overpaid lot

why they get a commission for each property transaction but you read so often there are hiccups that the buyers or sellers need to handle themselves

[Assaxefour]

The action of a few can have repercussion for the rest.. let's hope someone doesn't lose his job,fail in business or fall seriously ill here.

Edited November 13, 2009 by Assaxefour

[Gnihc11]

Seow liao, havent buy flat yet, thot can afford 4-rms, now dont know can even afford to buy 3-rms. Will HDB please built some mickey mouse flat that I can afford, kum seah.

Maybe live in car, bath in parks? Future damn bleak man....should have sign-on and dont book out. Song song.

Edited November 13, 2009 by Gnihc11

[Vextan]

willing seller, willing buyer.

[Seaweed]

buy camper van...sleep at monkey hill...at nite still got free monkey action to watch....

[Dariovp]

I think my flat in Yishun beats that one any day.

 

1300 sq. ft.

 

3 bedrooms (Large master bedroom), 2 halls, (large main hall), large kitchen, 2 bathrooms and toilets.

 

100 metres from MRT. All the reqd shopping and amenities just downstairs - 2 food centers, NTUC, Sheng Siong supermart, bank, BigMac, polyclinic, dentists, doctors, primary and secondary schools, temple, open area for regular pasar malams/night markets. What else do you need? Next train stop to large shopping mall and large library.

 

Any offers?

[Leepee]

What the deal about staying near MRT?

 

I rather use spare money from buying a cheaper HDB/Condo, get a nice Car and motorcycle and electric bicycle.

At least can enjoy the freedom of private transport!

 

[Hiphiphoray]

What the deal about staying near MRT?

 

I rather use spare money from buying a cheaper HDB/Condo, get a nice Car and motorcycle and electric bicycle.

At least can enjoy the freedom of private transport!

 

Becos u dont have kids yet mah.......i have thots worst than you b4 my monsters came into the equation.

 

But then again.........if you become a weekend parent or DINK or single, then buying any house in spore will make you look dumb....cos stay Jbee can save lagi more!

[Pchmj]

I think my flat in Yishun beats that one any day.

 

1300 sq. ft.

 

3 bedrooms (Large master bedroom), 2 halls, (large main hall), large kitchen, 2 bathrooms and toilets.

 

100 metres from MRT. All the reqd shopping and amenities just downstairs - 2 food centers, NTUC, Sheng Siong supermart, bank, BigMac, polyclinic, dentists, doctors, primary and secondary schools, temple, open area for regular pasar malams/night markets. What else do you need? Next train stop to large shopping mall and large library.

 

Any offers?

 

The thing is they are very near city center, yours is so far up north, want to go orchard so far. And good view. Yours in khatib block 600+/800+? It's not how near to shops but how near to city.