Latest news with #resale
Independent Singapore
14 hours ago
- Business
- Independent Singapore
Yishun jumbo flat resold for record $1.28 million
Photo: SINGAPORE: A jumbo HDB flat in Yishun has been sold for a record-breaking S$1.28 million, setting a new high for resale transactions in the estate and marking only the second time a flat in Yishun has crossed the S$1.2 million mark. The unit is located at Block 654, Nee Soon Central View, Yishun Avenue 4, and spans approximately 1,948 square feet. According to real estate portal the sale price works out to around S$657 per square foot (psf). Situated on a mid-level floor — between the seventh and ninth storeys — the flat comes with a remaining lease of 65 years and 11 months. While not located near an MRT station, the property is within walking distance of Yishun Park Hawker Centre, Wisteria Shopping Centre, and multiple childcare centres, kindergartens and primary schools. These amenities, coupled with the spacious layout of the rare jumbo flat, make it especially attractive to families seeking a more comfortable and private living environment in a mature town. Jumbo flats — a combination of two adjacent HDB units merged into one — are no longer being built, adding to their scarcity and driving demand among buyers looking for more generous living spaces. The Nee Soon Central View development, in particular, has consistently commanded premium prices in the resale market. Data from shows that compared to other flats in Yishun, Yishun Central View has seen a significant price advantage that continues to widen. In 2020, flats in this cluster were priced about 20.53% higher on average. By 2025, this gap had grown to 27.61%, underscoring the project's sustained desirability. This latest transaction surpasses the previous high of S$1.2 million, set in March 2024 for a multi-generational HDB flat in the same town.
CTV News
2 days ago
- CTV News
Corrupt Service Ontario worker bragged she could evade tolls, was driving stolen car when she was arrested
W5's Jon Woodward investigates the mastermind behind a scheme to disguise stolen cars to be resold and the provincial employee who allegedly helped him.
Independent Singapore
11-06-2025
- Business
- Independent Singapore
Record $1.65M HDB resale flat blurs price gap with executive condos
SINGAPORE: A nine-year-old five-room loft unit at SkyTerrace @ Dawson in Queenstown has been sold for S$1,658,888 — setting a new record for a Housing and Development Board (HDB) resale flat in Singapore. That is more than the price of some executive condominiums (ECs), which are usually more expensive than HDB flats. A search on PropertyGuru shows a three-bedroom unit at Whitewater, an executive condominium in Pasir Ris completed in 2005, on sale for S$1.3 million. Other ECs priced below S$1.65 million can be found in Tampines, Yishun, Sembawang, Sengkang, Punggol, Choa Chu Kang, and other areas. ECs are designed for middle-income Singaporeans who earn too much to qualify for a Build-To-Order (BTO) flat but find private condominiums unaffordable. By design, ECs are priced higher than HDB flats, though exceptions are emerging as resale prices climb. A growing number of HDB resale flats are crossing the S$1 million threshold, encroaching on EC territory in terms of pricing. Resale prices up The million-dollar transactions crest a surge in resale prices. See also Cat ban in HDB flats reversed According to real estate agency PropNex, the average resale price of HDB units rose by 0.8% in May 2025 to nearly S$658,000. Earlier, in February 2025, SmartWealth reported the following averages: HDB resale flats: S$612,497 Condominiums: S$1,989,082 Landed properties: S$5,336,871 The median prices were: HDB flats: S$590,000 Condos: S$1,780,000 Landed: S$4,200,000 In terms of price per square foot: HDB: S$596.81 Condos: S$1,972.40 Landed: S$1,808.30 SmartWealth did not distinguish between ECs and more expensive private condominiums. But a report by the real estate agency Propnex carried by Yahoo News in February 2025 said the median price of an EC unit measuring 900 to 1,000 sq ft was about S$1.48 million. A DBS report in November 2024 pointed out that HDB resale flats had a bigger market because there was no income ceiling for buyers, while ECs were only for those with a monthly household income of up to $16,000. SmartWealth also noted a growing trend of million-dollar public housing transactions. In 2024 alone, 1,035 resale flats were sold for at least S$1 million, raising the total number of million-dollar HDB flats to 2,435. Why are buyers willing to pay so much for HDB flats? The record-setting loft unit at Block 92 Dawson Road has its attractions. Situated between the 22nd and 24th floors, the 1,313 sq ft apartment was sold at S$1,263 psf. Completed in 2016, the flat sits on a 99-year lease with nearly 90 years remaining. Its loft design is rare — even loft units in less central areas like Punggol can sell for S$1.2 million. Queenstown's central location and abundant amenities add to the appeal. SkyTerrace @ Dawson was launched as a BTO project in December 2009, with five-room flats originally selling for about S$532,000. The recent resale fetched over a million dollars more than its initial price. There have been other million-dollar resales in the area. A unit at Dover Crescent was sold for S$1.55 million, while an executive maisonette on Mei Ling Street fetched S$1.51 million. Another unit at SkyOasis @ Dawson reportedly changed hands for S$1.73 million in June 2024. However, that transaction does not appear in HDB's official records, making the SkyTerrace loft unit the highest officially recorded HDB resale to date. Million-dollar HDB transactions are becoming more common. According to Property Lim Brothers Insights, 143 flats were sold for over S$1 million in April alone — an all-time high. Five-room flats are highly sought after in mature estates like Queenstown because they are spacious and have all the amenities nearby. This latest S$1.65 million transaction underscores the investment value of public housing in prime locations. At the same time, it blurs the price line between public and private housing. Featured image by Depositphotos (for illustration purposes only)
Al Bawaba
10-06-2025
- Business
- Al Bawaba
Emaar Properties Launches VYOM
Emaar Properties proudly announces the launch of VYOM, a groundbreaking digital resale platform set to redefine the way Emaar homes are bought and sold. Purpose-built for today's discerning homeowners and investors, VYOM offers a seamless, end-to-end experience that is transparent, secure, and powered by the innovation and trust that define VYOM, users gain complete control over the resale process—creating listings, uploading property images, and managing inquiries directly—all within an intuitive interface. This is a transformative step in Emaar's ongoing digital evolution, offering a smarter, frictionless alternative to traditional resale methods.'As the real estate landscape shifts, so must we. VYOM is more than a platform—it's a new way of thinking about property resale. It puts autonomy, trust, and speed into the hands of our customers,' said Mohamed Ali Alabbar, Founder of Dubai's real estate market continues its dynamic growth, VYOM tackles long-standing inefficiencies such as pricing discrepancies, market opacity, and communication gaps. The platform enhances transparency and facilitates direct engagement between buyers and sellers—fostering fair, informed transactions. Now live and accessible globally, VYOM marks a bold new chapter in Emaar's commitment to delivering customer-first solutions across the full property ownership journey—from purchase to resale, and soon, to rental.
Independent Singapore
09-06-2025
- Business
- Independent Singapore
Queenstown 5-room flat resold for S$1.66 million, setting new record
SINGAPORE: A five-room loft unit at SkyTerrace@Dawson has fetched a staggering S$1,658,888, setting a new record for the highest resale price of a five-room HDB flat according to official data released by the Housing and Development Board (HDB). The premium loft apartment, located on the 22nd to 24th floors of Block 92 Dawson Road, spans 122 square metres and is part of the highly sought-after SkyTerrace@Dawson development in Queenstown. The sale was completed earlier this month. Built under HDB's Build-To-Order (BTO) scheme as part of its efforts to rejuvenate mature estates, SkyTerrace@Dawson is known for its award-winning architecture, greenery-lined sky terraces, and proximity to amenities such as Queenstown MRT and Dawson Place. The unit is approximately nine years old and still has 89 years and 11 months left on its 99-year lease. While the sale marks a new high in HDB's public resale transaction records for five-room flats, it falls just shy of an even higher-profile transaction from last year. In July last year, a five-room flat at SkyOasis@Dawson was reportedly sold for nearly S$1.73 million, drawing attention for being the priciest HDB resale flat on record. However, that sale doesn't show up in HDB's official transaction database. Such high resale prices have sparked ongoing debate. As more million-dollar flats hit the market, questions about the affordability of HDB flats persist.
