Singapore Property Update

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HDB terrace house at Whampoa sold for nearly $1.2 million

A HDB terrace House along Jalan Bahagia near Whampoa was sold in September at a record S$1.185 million dollars, according to a real estate trends report published by OrangeTee on Wednesday (Nov 21).

Photo: HDB flats at Whampoa

 

The amount is higher than the S$1.18 million record set by a 5-room Design, Build and Sell Scheme (DBSS) flat in Bishan that changed hands in February last year.

The remaining tenure of the terrace house is not revealed. HDB terrace houses are usually sold at 60 year lease.

A number of such terrace houses at Geylang were repossessed by the government with no compensation to the owners last year after their lease ends last year.

A total of 52 million-dollar HDB units were sold in the first three quarters of this year, 40 of which are less than 20 years old.

 

Updated: November 21, 2018 — 3:33 pm
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