SINGAPORE: A four-room Housing and Development Board (HDB) flat in Telok Blangah has been resold for an eye-watering $1.1 million, marking the first-ever million-dollar HDB flat sale in the area. The record-breaking sale has sparked considerable interest among Singaporeans concerned about rising property prices in the city-state.

According to real estate firm EdgeProp, the ten-year-old unit, which was sold last month, offered a total floor area of 1,002 square feet and commanded a price per square foot of approximately S$1,076. It is located at Block 80A Telok Blangah Street 31.

One of the standout features of this HDB unit was its master bedroom, which is reported to be twice the size of typical HDB units, effectively equivalent to the size of two standard bedrooms. Such a generous layout undoubtedly contributed to the premium price tag attached to this property.

Situated above the 25th floor, the HDB flat offers panoramic and unobstructed views of the picturesque Keppel Bay and its scenic surroundings. Furthermore, the unit is conveniently located within a six-minute walk from both Telok Blangah and Labrador Park MRT stations, enhancing its accessibility and desirability.

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Residents of this HDB flat will find themselves within easy reach of essential amenities. A covered walkway leads directly to a multi-storey car park, simplifying parking for residents. Additionally, the surrounding area boasts a wealth of amenities such as supermarkets, coffee shops, clinics, and more, ensuring residents have everything they need at their fingertips.

The historic million-dollar HDB sale in Telok Blangah has sparked discussions about the evolving real estate landscape in Singapore. With increasing demand for quality homes in prime locations, such transactions serve as a testament to the attractiveness of certain HDB units but also raise questions about affordability and access to housing for ordinary Singaporeans.

Despite the astonishing price tag of the ten-year-old Telok Blangah flat, a four-room HDB resale flat in Tiong Bahru sold for $1.5 million in June still holds the record for the highest-priced HDB resale flat.

This flat is located on the fourth floor of Blk 50 Moh Guan Terrace, built in 1973 and has already completed 50 years out of its 99-year lease. The flat now has 48 years and eight months left on its lease, according to HDB’s resale price portal.

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The sale of the 50-year-old flat in Tiong Bahru has caused a stir among property buyers and real estate experts alike, as properties with shorter remaining leases typically have lower demand and prices. This is especially true given the limited financing options available for older flats.

4-room flat in Tiong Bahru fetches record breaking $1.5M price, despite being 50 years old

Toa Payoh unit sets new record for 5-room resale flats with $1.42M price