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Singapore’s HDB Resale Flats Sold For $1 Million

In the sales background of public real estate, not many units breach the $1 million mark. Yet at least 3 have done so this year despite decreasing market prices. Last quarter saw the steepest price decline yet given that 2015. 3-5 room resale HDB level units offered above $1 million. Though few as well as far in between, the sale of these 3 resale HDB flats for more than $1 million each mosts likely to reveal that there agree customers available. Buyers who are willing to pay for place, room and also maybe also a bit of heritage. The 3 resale apartments were all regular 5 room units located in the Republic and also Holland Village estates. None of them were in the Executive flats group where Style Build as well as Sell System (DBSS) as well as apartments such as those at Pinnacle@Duxton loss within.

Executive apartments have a greater opportunity of bring prices closer to the $1 million mark. A DBSS penthouse at Bishan's Natura Loft space, as an example, cost $1.18 million. Though thought about public real estate systems, DBSS flats are created and also offered by personal developers. At the Parc Life EC Sembawang, it is providing with 628 units, a unit broke the record within few month sales out 90% units in 2018. Customers attracted by million dollar views and also area.  The 2 units in Republic Drive sold for $1.028 and $1.035 million while 1 system in Holland Drive fetched $1.03 million. All the units were sold between July and last month. The purchasers of the system at Holland Drive were attracted to the million dollar view of landed residential or commercial properties around as well as the proximity to the Holland Village MRT terminal and also other facilities close by. While routine resale HDB flats seldom cross the $900,000 mark, a lot more in the Holland Village area are anticipated to hover around that cost array as their main location as well as level size are especially unusual and also desirable.

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