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City View DBSS flat fetches $1.1m

PUBLISHEDAUG 11, 2016, 5:00 AM SGT
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Janice Heng
A five-room flat at City View @ Boon Keng has scored a record price of $1.1 million for a Design, Build and Sell Scheme (DBSS) development.
The record comes despite a depressed resale market, underscoring what housing experts say is a persistent demand by some buyers for premium units in central locations. Units that can command such sky-high prices are "outliers", they note.
The 28th-floor flat at City View in Kallang comes with views of the Sports Hub and the sea.
Its seller, who wants to be known only as Mr Tan, said: "I thought I could try my luck, because the location is very convenient."
The 35-year-old, who works in marketing, and his wife signed the option to purchase two weeks ago.

PUBLISHEDAUG 11, 2016, 5:00 AM SGT
FACEBOOK1,285TWITTERWHATSAPPEMAIL
Janice Heng
A five-room flat at City View @ Boon Keng has scored a record price of $1.1 million for a Design, Build and Sell Scheme (DBSS) development.
The record comes despite a depressed resale market, underscoring what housing experts say is a persistent demand by some buyers for premium units in central locations. Units that can command such sky-high prices are "outliers", they note.
The 28th-floor flat at City View in Kallang comes with views of the Sports Hub and the sea.
Its seller, who wants to be known only as Mr Tan, said: "I thought I could try my luck, because the location is very convenient."
The 35-year-old, who works in marketing, and his wife signed the option to purchase two weeks ago.
