Serious Slumkang And Punggol HDB Resale Flats Sold For $1 Million Each! Samsters Still Think PAP Cannot Make It?

[JohnTan]

Two resale flats in the northeast of Singapore have made headlines in July 2024.

This was after a second large flat in Sengkang sold for S$1 million, while a large loft flat in Punggol hit an all-time high price in the estate when it changed hands for S$1.228 million.

Both transactions were noted by 99.co, in an article that took stock of the housing trend in the northeast of Singapore.

Sengkang five-room resale flat: S$1 million
The five-room resale flat at Block 216B Compassvale Drive in Sengkang that sold for S$1 million is a 1,205 sq ft property situated somewhere within the 16th and 18th floors.

It has 91 years and 11 months left on its lease and is categorised as a premium apartment on the HDB website that recorded the sale.

This sale marks the second million-dollar transaction in the estate.

Punggol five-room resale flat: S$1.228 million
The five-room flat at Block 269A Punggol Field that was sold for S$1,228,000 marked a record high for the estate.

The 1,603 sq ft property is situated between the 14th and 18th floors and categorised as a premium apartment loft on the HDB website that recorded the sale.

It has 87 years and eight months left on its lease.

The previous high in Punggol was achieved when a HDB resale flat at Punggol Sapphire along Punggol Field was sold for S$1.198 million in the latter half of 2022.

https://mothership.sg/2024/07/sengkang-punggol-flats-sell-1-million/

 

[sbfuncle]

Hundreds of thousands of sinkies are millionaires now

 

[mahjongking]

sell already stay where? istana?....... this is only good for sinkees who sell and migrate.......which many should start doing
all it means is inflation is running amok, your chicken rice from 3.50 to 4.50 is 30% increase

 

[Charlie99]

sell already stay where? istana?....... this is only good for sinkees who sell and migrate.......which many should start doing
all it means is inflation is running amok, your chicken rice from 3.50 to 4.50 is 30% increase

The proceeds from the sale of such 99 year leasehold properties, will provide any migrant with a significant down-payment for a freehold real property in Canada.
Real properties in Calgary is much cheaper than the Greater Toronto Area.
Calgary is very close to good ski locations, and the picturesque Banff, Lake Louise and Jasper (glacial lakes, waterfalls, National Parks, trails).