Toa Payoh flat sold for $955k

A 5-room HDB resale flat in Toa Payoh recently changed hands for $955,000 a figure that is comparable to the high resale flat prices at The Pinnacle@Duxton, reported My Paper.

The sale also stood out as it happened near the Ghost Month, which is usually a quiet period for the property market.

Measuring 124 sqm, the 14-year-old flat is located at Block 154 in Toa Payoh Lorong 2, between the 22nd and 24th storeys, showed HDB data.

In July 2007, a 5-room resale flat on the 28th storey of the same block was sold for $650,000, a new record for resale flat prices within the area at that time.

Eugene Lim, Key Executive Officer at ERA Realty, said the unit enjoys an excellent location.

Situated just across the road from Toa Payoh Town Centre, the flat is near the Toa Payoh MRT station, with an underpass directly linking to it, he said.

Since it is on a high floor, the unit is not blocked by any surrounding flats, offering unobstructed views, noted Lim.

If the owner is facing the right direction, he can even see the MacRitchie Reservoir, he added.

However, he believes the deal is unlikely to become a trend as it is more of an exception than the norm.

https://sg.finance.yahoo.com/news/toa-payoh-flat-sold-955k-023946538--sector.html

This proves once again that the PAP is the best.

If the opposition had gained ground, confidence would have evaporated from the property market and prices would have gone south making all Singaporeans poorer.

Luckily 70% know what is good for them.

whoa lau eh, 955k for a pigeon hole, i think the buyer use their arse to think. what sort of valuation is he expecting after 10 years?

block 154? tat lumber abit familiar...

Could be he used his head to think but use his arse to get the money.

dancingshoes said:

whoa lau eh, 955k for a pigeon hole, i think the buyer use their arse to think. what sort of valuation is he expecting after 10 years?

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Luvurbaht said:

Could be he used his head to think but use his arse to get the money.

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HDB at gd location high floor generally going abve $1m leow. Just 3 R flat dbss already sold $ 800k! PAP going forward will make $ small but strong against foreign currency.

dancingshoes said:

whoa lau eh, 955k for a pigeon hole, i think the buyer use their arse to think. what sort of valuation is he expecting after 10 years?

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sillypoore is a land of the daft , the stupid , the silly ,the ignorant

he is not expecting anything
he got easy money to blow
no ordinary salaried man would buy at this price
even he is earning 20K a month

all he need is top up another 50k, for 1 mil, can get a freehold apartment at newton. why is he so dumb? does he know the difference between hdb and private? besides, i dun think he can sell for a profit in 10 years time, almost 1 mil should be the peak for flats there.

Property prices are falling, especially private property. Mortgage rates are rising, demand is falling, there is large oversupply of homes and developers are stuck with huge unsold inventory. Prepare to see home vacancy rates rise to 10% and home prices fall a further 10% by 2016.

huat ah! ...

70% r very happy wif their choice ...