Serious Punggolian HDB Resale Flat Sold For S$1.198M, COV $200k! Majulah PAP!

[JohnTan]

A HDB resale flat at Punggol Sapphire along Punggol Field has been sold for S$1.198 million, with a cash over valuation (COV) of close to S$200,000, according to The Straits Times.

Cash over valuation, or COV, is the difference between the sale price of a resale HDB flat and its actual valuation by HDB, which means the buyer is coughing up the extra in cash.

About 90 years lease left
The flat was built in 2013 and is about a 10-minute walk to Punggol MRT and Waterway Point, and a seven-minute walk to the nearest Soo Teck LRT.

The deal was reportedly closed a mere two days after the flat was opened for viewing.

The flat has about 90 years left on its lease.

Rare top floor loft unit
However, this flat is not any regular HDB flat.

The loft unit is on the top floor, occupying 1,603 sq ft. This translates to a psf price of S$747.

The double-storey unit is unusually spacious due to its high ceiling, according to 99.co.

The unit has three bedrooms plus a study room.

https://mothership.sg/2022/09/punggol-hdb-flat-1-million/

 

[mojito]

Lucky grassrooter! Good deeds repaid with tax free capital gains!

 

[JohnTan]

Lucky grassrooter! Good deeds repaid with tax free capital gains!

When you do good deeds like grassroots work, you can expect to reap good karma.

 

[eatshitndie]

built by tiong contractors?

 

[Pinkieslut]

Diamond era in Singapore! Only fools will vote oppies or running road to AMDK cuntries.

 

[Hypocrite-The]

View attachment 160722

A HDB resale flat at Punggol Sapphire along Punggol Field has been sold for S$1.198 million, with a cash over valuation (COV) of close to S$200,000, according to The Straits Times.

Cash over valuation, or COV, is the difference between the sale price of a resale HDB flat and its actual valuation by HDB, which means the buyer is coughing up the extra in cash.

About 90 years lease left
The flat was built in 2013 and is about a 10-minute walk to Punggol MRT and Waterway Point, and a seven-minute walk to the nearest Soo Teck LRT.

The deal was reportedly closed a mere two days after the flat was opened for viewing.

The flat has about 90 years left on its lease.

Rare top floor loft unit
However, this flat is not any regular HDB flat.

The loft unit is on the top floor, occupying 1,603 sq ft. This translates to a psf price of S$747.

The double-storey unit is unusually spacious due to its high ceiling, according to 99.co.

The unit has three bedrooms plus a study room.

https://mothership.sg/2022/09/punggol-hdb-flat-1-million/

700 PSF is a much better buy than a 500k flat for 1000k psf

 

[bushtucker]

Stupid buyers like these should sign a declaration of stupidity form before being allowed to buy overpriced leasehold pigeon holes.

 

[zhihau]

Altogether now!!! HUAT AH!!!

 

[Loofydralb]

Somebody, the clown, must eventually hold the empty bag at the end of the lease.

 

[bobby]

But does the new owner even has a strata title deed to this property ?

 

[mahjongking]

Lucky grassrooter! Good deeds repaid with tax free capital gains!

is this not a form of corruption?

 

[Hypocrite-The]

is this not a form of corruption?

It is not a form of corruption...it is corruption

 

[mahjongking]

It is not a form of corruption...it is corruption

ps, i just ask for fun, i know these porlumpas inside out

 

[Hypocrite-The]

ps, i just ask for fun, i know these porlumpas inside out

I just added salt to the mixture....these looters don't like the C word