Remembering Lee Kuan Yew - Thank you - The nation with you in your final journey - See u in heaven

Remembering Lee Kuan Yew - Thank you - The nation with you in your final journey - See u in heaven
Presented to you by Property Smart Investor- A Real Estate Online Education and Discussion

Thursday 11 June 2015

Rare 'landed public home' sold for $958k

Rare 'landed public home' sold for $958k

Rare 'landed public home' sold for $958k



A RARE "landed public home" has just fetched $958,000 on the resale market.
The two-storey terraced house in Jalan Bahagia in Whampoa is one of just 285 such units here.
Located in Whampoa and Queenstown, these units come under Housing Board rules. They were built decades ago by the Singapore Improvement Trust, HDB's predecessor.
The 241 sq m house sold earlier this week is among the largest such units to have changed hands recently.
signupalreadymember
The price works out to about $370 per sq ft (psf).
In contrast, private landed terraced houses nearby have gone for more than $2,200 psf this year.
"Nowadays, it's very rare to be able to get any landed house for less than $1.5 million," said Mr Nicholas Mak, the head of research at SLP International Property Consultants.
However, he noted, prices in excess of $1 million might be seen for a freehold property or a new private house on a 99-year lease.
The three-room terraced unit has less than 60 years left on its lease, which began in 1972.
Mr Mak added that buyers might have to consider renovation costs as well, given the age of such properties.


A two-storey unit in Jalan Bahagia (above) went for about $370 psf, while prices for private landed terraced houses nearby have exceeded $2,200 psf this year. In all, 285 such "landed public homes" were built by the Singapore Improvement Trust, HDB's predecessor. -- PHOTO: TED CHEN FOR THE STRAITS TIMES 

Even so, HDB terraced units are much sought after when they hit the market. In March, a larger HDB terraced unit in Jalan Ma'mor, also in Whampoa, went for $1.06 million.
That unit was 280 sq m, which made it an even better deal at around $350 psf. Its lease also began in 1972.
The two properties are among at least five Housing Board terraced units that have changed hands this year.
An 85 sq m unit sold for $760,000 in January, a 104 sq m unit fetched $875,000 in February and an 81 sq m unit went for $708,000 in March.
The Straits Times/ Singapore                              Published on Friday, 12 June 2015
By Janice Heng                                                   janiceh@sph.com.sg

Rare 'landed public home' sold for $958k



Please click the following for other Related Readings:






Sales of 2 condos at Sentosa Cove raise hopes of rebound

Corridors of discontent at Pasir Ris One

Freehold redevelopment site in Katong up for tender

33 Parklane basement units for sale

Warehouse market faces challenges in short term: Reit boss

Slower sales, fewer visitors hit Q2 shop rents

$483m top bid for private home site in Queenstown

More details of new HDB scheme revealed

Pasir Panjang Terminal's $3.5b expansion kicks off

Eye on Lavender: Transformation in progress

Centrale 8 in spotlight over defects

Private home prices 'could fall another 10% in next 2 years' 

Buy resale flat near parents? Financial help is key: Experts

Private home sales up but prices down

Dawson's SkyVille and SkyTerrace projects are raising the bar for stylish public housing 

In pictures: Stylish BTO projects at Dawson's SkyTerrace and SkyVille

24% apply for BTO flats under schemes to help families live closer together: Minister Khaw Boon Wan 

Singapore surprised by Malaysian transport agency stating preference to end high-speed rail in Johor

Malaysia's transport agency says CEO misquoted on high-speed rail 

Sungei Pandan waterfront site may yield 600 homes

Toa Payoh private residential site draws 14 bids

Protecting property agents and consumers


Rail improvements to put SMRT on fast track

Rail improvements to put SMRT on fast track
















Lakeside project launched in Iskandar

Developers face hefty extension charges over unsold units (Amended)

Govt releases new developer rules on show units, sales data

Changes to Housing Developers (Control and Licensing) Act effective May 25

Government releases EC site in Choa Chu Kang for sale



More companies buying strata offices

Bids for Paya Lebar site likely to top $1b - Government Land Sale (GLS)

Please see Related Issues :

My Tribute to Mr Lee Kuan Yew - Remembering Lee Kuan Yew - The world should know his stories, his contribution and his final journey - The Legend - He will be in the heart of every Singaporean 



No comments:

Post a Comment