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Serious 40 Year-Old Jumbo Flat In PAP Ang Mo Kio Sold for $1.03 Million!! HDB Property Market Going Strong During Covid Pandemic! PAP! PAP!

JohnTan

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A 40-year-old Ang Mo Kio HDB jumbo flat has been sold for a record S$1.03 million.


It is the first-ever public housing flat in the estate to break the million dollar price barrier -- with the finite 99-year lease approaching its halfway mark, 99.co reported.
But this flat is no ordinary unit.

Two units combined

Located in Ang Mo Kio Avenue 5, the 1,916 sq ft jumbo flat is part of a HDB block built in 1980.

A regular mature estate four-room HDB flat is about 1,000 sq ft in size.

The Ang Mo Kio unit is made up of two adjoining three-room flats, plus the common corridor space outside the two units that have been incorporated.
The fifth-floor unit effectively has 59 years left on its 99-year lease.

The sellers are a husband-and-wife duo who are interior architects.

They originally bought the jumbo flat for S$850,000 in late 2014.

The apartment was the Dutch-Singaporean couple's first home here.

According to the couple, they considered buying jumbo flats in Jurong and Woodlands when they were on sale in 2014, but these units were about 200 sq ft smaller at 1,700 sq ft.



What's inside?

The common corridor itself has been turned into a 6m terrace, and it is the first thing to be seen when entering the home.
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The flat's renovation reportedly cost S$200,000, due to the extensive works done, its eclectic mix of furnishings and modern fittings, as well as branded appliances.


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The dining room can even fit a 3m wooden table.
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The unit comfortably housed two children, a domestic helper and a dog within the sprawling premises that can match any private apartment in Singapore.
A walk-in wardrobe was built in the master bedroom.
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The two flats' original four bathrooms have been converted into two.

Sold after 25 sets of buyers viewed it

The reason the couple sold the flat was because they are moving back to Europe as they have expanded their business there, according to 99.co.
The buyer will inherit the branded appliances and fittings.

The asking price listed on 99.co was S$1.12 million.

Due to the hefty price tag, unusual and rare flat size and design, a total of 25 sets of buyers went by to have a look before the place was sold.

The sale occurred mere days before circuit breaker restrictions on property viewing kicked in.

The second most expensive sale in Ang Mo Kio was S$980,000 for a nine-year-old, five-room DBSS flat in 2016.


https://mothership.sg/2020/06/ang-mo-kio-jumbo-flat/
 
why is that large breed labrador retriever dwelling in a HDB pigeon hole?
 
Oh they don't love singapore anymore?

After leeching and cashing out on their investment,it's back to Europe?
 
Nice amdk get to enjoy wide and spacious jumbo flat reminiscent of houses back home while sinkies live in small spaces.
 
Jesus the corridor and front is damn nice.....really like those houses with huge sliding glass doors.
 
PAP creates wealth for all sinkies through HDB. Where else in the world can you find such a good scheme?
 
PAP creates wealth for all sinkies through HDB. Where else in the world can you find such a good scheme?
Piss And Poop creates wealth for all foreign trash through HDB. Where else in the world can you find such a good scam?
 
Piss And Poop creates wealth for all foreign trash through HDB. Where else in the world can you find such a good scam?

What scam? Most sinkies make money from their first BTO regardless whether they sell or keep their flats after the five year MOP.
 
KNN even sold for 1.03mil they never make any money KNN bought 850k reno 200k still have to tiap after 6 years KNN


amdk probably took a look at the big picture and decided spore in a major downtrend in the years to come, took whatever he can savage and moved back to holland, 1 million can retire there in a nice cottage
 
amdk probably took a look at the big picture and decided spore in a major downtrend in the years to come, took whatever he can savage and moved back to holland, 1 million can retire there in a nice cottage

Can go back and do drugs legally.
 
Goes to show folks need living space, and not treated like sardines.
 
Owners like this causes price of adjoining flats to rise and neighbours should appreciate that.
 
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