The $1M HDB flat

**buttercarp** · 16-09-12, 13:11

Originally Posted by fan

The agent is gd (from seller's perspective)

Yup....the agent is God sent for both seller and buyer (good that the buyer is enlightened despite paying the hefty sum).

**eng81157** · 16-09-12, 14:22

wait for Duxton to hit MOP. $1m will be a norm

**graveyard** · 16-09-12, 14:42

Originally Posted by irisng

Read from one of the chinese newspaper, the buyer said, the pc around the area cost about $1.3m for approx 1,300 sq ft but this HDB cost $1m for 1,600 sq ft, so worth it.

totally agree with the replies to this. not on apple to apple comparison. no matter how spacious it is, HDB is still HDB. he must have liked queenstown a lot

**ikan bilis** · 16-09-12, 19:12

nothing wrong lah... queens is at 1300psf, double of the 630psf HDB EM... for outside central most of the private is about 2x of hdb's psf...

**ikan bilis** · 16-09-12, 19:22

Originally Posted by yowetan

My Tiong Bahru 5 room HDB is around 800kSGD now.

My parents and in-laws HDB combined is also around 1 mil SGD now.

My recently bought Flamingo Valley probably still stays at 1.57+mil SGD now.

I am aiming to get a MM for investment purpose.

bro,... 800K+1mil+1.6mil = 3.4mil ... you already so rich liow... why bother to add another MM ??... if finger too darn itchy hor, can go casino or play 4d/toto small small to soothe the itch mah !...

**graveyard** · 16-09-12, 19:50

Originally Posted by ikan bilis

bro,... 800K+1mil+1.6mil = 3.4mil ... you already so rich liow... why bother to add another MM ??... if finger too darn itchy hor, can go casino or play 4d/toto small small to soothe the itch mah !...

Like Monopoly. buy many properties and ppl step on, pay rent!

**ysyap** · 16-09-12, 21:05

Originally Posted by graveyard

Like Monopoly. buy many properties and ppl step on, pay rent!

He already has 4 properties (although not all under his name), can change for a hotel...

**latour** · 16-09-12, 22:18

Originally Posted by irisng

Read from one of the chinese newspaper, the buyer said, the pc around the area cost about $1.3m for approx 1,300 sq ft but this HDB cost $1m for 1,600 sq ft, so worth it.

That is a good one, heard the $1m HDB seller bot nearby condo, Queens maybe. What was seller thinking then? Hahaha...

**kane** · 16-09-12, 22:22

Originally Posted by latour

That is a good one, heard the $1m HDB seller bot nearby condo, Queens maybe. What was seller thinking then? Hahaha...

the extra few hundred sqft probably meant the world to the buyer.

**phantom_opera** · 16-09-12, 22:23

lai liao lai liao

HDB Apartment For Sale - 147 Simei Street 2 (D18)
S$ 840,000 (View to Offer)
S$ 534.69 psf (built-in)
1571 sqft / 146 sqm (built-in)
147 Simei Street 2, 520147
HDB Apartment 99-year Leasehold
4 Beds 2 Baths EM (Exec Maisonette) HDB
Listed on Sep 16, 2012

200k above valuation

**kane** · 16-09-12, 22:27

looks like nows the best chance for hdb owners to upgrade to private, anyhow shout COV. if someone hits you on your offer, you're in luck.

**phantom_opera** · 16-09-12, 22:35

dual key HDB OMG

http://www.propertyguru.com.sg/listi...et-42-11301785

asking > 1m in Tampines

**ikan bilis** · 16-09-12, 22:38

the other bishan one why hdb records say 970K only leh ??...

135 Bishan St 12 21 to 25 150.00 Maisonette 1987 $970,000.00

~~~~~~~~~~~~~

4rm also gone crazy, done pray-pray....

26B Jln Membina 26 to 30 85.00 Model A 2009 $753,000.00 Sep 2012
8B Boon Tiong Rd 16 to 20 100.00 Model A 2005 $760,000.00 Aug 2012
120 Kim Tian Pl 26 to 30 101.00 Model A 2001 $790,000.00 Aug 2012
25B Jln Membina 21 to 25 90.00 Model A 2009 $768,000.00 Jul 2012
91 Tanglin Halt Rd 06 to 10 90.00 Model A 2008 $750,000.00 Sep 2012
130 Clarence Lane 06 to 10 104.00 Model A 1996 $755,000.00 Aug 2012
48 Strathmore Ave 36 to 40 85.00 Model A 2006 $750,000.00 Aug 2012

**kane** · 16-09-12, 22:40

HDB owners anyhow shout price liao.

**ikan bilis** · 16-09-12, 22:48

wow, 3rm flats !! somemore most 40yr old, must be lok-kok-kok..... think tomorrow i better go cheong some MM liow.... i should not be stubborn...

24 Tiong Bahru Rd 01 to 05 88.00 Standard 1973 $635,000.00 Sep 2012
25 Lim Liak St 01 to 05 88.00 Standard 1973 $595,000.00 Jul 2012
29 Lim Liak St 01 to 05 88.00 Standard 1973 $573,000.00 Jun 2012
61 Jln Tenteram 01 to 05 94.00 Terrace 1972 $810,000.00 Sep 2012
63 Jln Ma'Mor 01 to 05 108.00 Terrace 1972 $810,000.00 Aug 2012
46 Jln Bahagia 01 to 05 92.00 Terrace 1972 $825,000.00 Jul 2012
12 Farrer Pk Rd 26 to 30 62.00 Model A 2004 $565,000.00 Jun 2012
53 Stirling Rd 01 to 05 81.00 Terrace 1968 $752,800.00 Aug 2012
53 Stirling Rd 01 to 05 81.00 Terrace 1968 $752,800.00 Jul 2012

**kane** · 16-09-12, 23:13

Those sizes should be 4 room flat.

**buttercarp** · 16-09-12, 23:14

Originally Posted by phantom_opera

dual key HDB OMG

http://www.propertyguru.com.sg/listi...et-42-11301785

asking > 1m in Tampines

This unit should be almost 30 years old.
LOL.... why some parts of the house not renovated, eg the bedroom with the fridge.
And the ad said they spent 110k on reno.

**kane** · 16-09-12, 23:18

Originally Posted by buttercarp

This unit should be almost 30 years old.
LOL.... why some parts of the house not renovated, eg the bedroom with the fridge.
And the ad said they spent 110k on reno.

Got lah. Those feature wall plus flooring an all. Just that whether the 110k was wisely spent for maximum effect is a separate matter altogether.

**buttercarp** · 16-09-12, 23:19

Originally Posted by phantom_opera

lai liao lai liao

HDB Apartment For Sale - 147 Simei Street 2 (D18)
S$ 840,000 (View to Offer)
S$ 534.69 psf (built-in)
1571 sqft / 146 sqm (built-in)
147 Simei Street 2, 520147
HDB Apartment 99-year Leasehold
4 Beds 2 Baths EM (Exec Maisonette) HDB
Listed on Sep 16, 2012

200k above valuation

http://www.streetdirectory.com/api/m...zey=260&star=1

Wah.... and not even within walking distance to the MRT station!

**ysyap** · 17-09-12, 06:34

$200k COV will be the new benchmark that HDB sellers will match up against...

**kane** · 17-09-12, 08:42

When rental yield is so high, I always wonder what yield multiples they use to value the flat. It alwaysseems on the low side.

**latour** · 17-09-12, 09:07

Originally Posted by phantom_opera

lai liao lai liao

HDB Apartment For Sale - 147 Simei Street 2 (D18)
S$ 840,000 (View to Offer)
S$ 534.69 psf (built-in)
1571 sqft / 146 sqm (built-in)
147 Simei Street 2, 520147
HDB Apartment 99-year Leasehold
4 Beds 2 Baths EM (Exec Maisonette) HDB
Listed on Sep 16, 2012

200k above valuation

http://www.streetdirectory.com/api/m...zey=260&star=1

Waw, huat ah!!! This is near to MRT (anywhere in Simei is near to MRT), the low-rise 2-storey Maisonette type and seldom got ppl selling. Lets see?

**buttercarp** · 17-09-12, 09:30

Originally Posted by latour

Waw, huat ah!!! This is near to MRT (anywhere in Simei is near to MRT), the low-rise 2-storey Maisonette type and seldom got ppl selling. Lets see?

Oh.... Ya now looking at it again, it is near MRT

.

**eng81157** · 17-09-12, 09:40

wow, the floodgates have burst open much earlier than I expected.

**latour** · 17-09-12, 11:17

Originally Posted by eng81157

wow, the floodgates have burst open much earlier than I expected.

Yes indeed, I tot will be next year, and now its here. More to come.
Shunfu HUDC $1.28mil... done?

**eng81157** · 17-09-12, 12:30

wait for duxton.....

**graveyard** · 17-09-12, 19:04

damnit, with this kind of price, HDB landlords wil find an excuse to raise rent once lease is up

**carbuncle** · 17-09-12, 20:27

why dammit? you renting hdb now?

PN · 17-09-12, 20:36

Originally Posted by graveyard

damnit, with this kind of price, HDB landlords wil find an excuse to raise rent once lease is up

Ah B will be furious to hear this. He'll need to sell more meesiam to pay his rent.

**Kanarazu** · 17-09-12, 20:40

Dammit I'm mad... Nice palindrome.

Menu

Thread: The $1M HDB flat

Thread Tools

Search Thread

Similar Threads

Do HDB flat buyers own their flat?

Re-mortgage his HDB flat

One applicant for each BTO flat

Flat-owner sues HDB for acquiring flat

Buy A HDB Flat?

Posting Permissions