$135k for a terrace house in Kallang area

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$135k for a terrace house in Kallang area (The New Paper)
Posted by admin 31 January, 2010

$135k for a terrace house in Kallang area (The New Paper)
Posted by admin 31 January, 2010

$135k for a terrace house in Kallang area

The catch? Most of these houses are on short leases.

Mon, Feb 01, 2010
The New Paper
WHAT can you buy for $135,000?
A two-room flat in Lorong Lew Lian (Upper Serangoon), perhaps.

But how about a double-storey terrace house in the Kallang area’ One terrace unit in Upper Boon Keng Road was sold for that price in October last year, according to URA statistics.

It sits on a land area of about 725 sq ft with a built-up area of about 1,300 sq ft. How is this even possible?
Read more... (588 words, 1 image, estimated 2:21 mins reading time)

$135k for a terrace house in Kallang area (The New Paper)
Posted by admin 31 January, 2010
 
probably lease term less than 20 years, might not able to get loan at all
 
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