Serangoon HDB flat sold for S$1.208M, becomes most expensive unit in the estate
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Serangoon HDB flat sold for S$1.208M, becomes most expensive unit in the estate

HDB flat is most pricey unit & govt apartment in Serangoon

As million-dollar HDB flats turn into additional frequent, models in Serangoon had not breached the S$1.2 million threshold — right up until this thirty day period.

In March, a Serangoon flat was offered for S$1.208 million, building it the first in the estate to exceed that mark.

Resource: Google Maps

It also became the most high-priced flat in Serangoon.

Most highly-priced Serangoon flat has 60 a long time 11 months left on lease

The expensive flat is positioned in Block 321 Serangoon Avenue 2, according to HDB resale flat documents.

Its on the seventh to ninth floor of a block whose people obtained their Non permanent Profession Permit (Top) in 1986.

Resource: HDB

That signifies the flat in dilemma has only 60 decades 11 months still left on its 99-yr lease.

Flat is roomy, has expansive living area

As the flat is an executive apartment, nevertheless, it has a roomy ground space of 150 sq. metres (sq m), or 1,615 sq. feet (sq ft).

That will work out to a price for every square foot (psf) of about S$747 psf.

Resource: Google Maps

Inside of, the flat has a few bedrooms and two bathrooms, related to that of a five-space flat, according to home website 99.co.

It also has an expansive living room that can be converted into a research area, maids area or an more bedroom.

Block is in between two MRT stations

In terms of nearby amenities, the block is in among two MRT stations — Lorong Chuan and Serangoon — providing people accessibility to two MRT lines.

In accordance to HDB, equally are far more than 400m away, with about 5 minutes’ walk to Lorong Chuan.

Source: HDB

Educational establishments close by include things like Nanyang Junior College or university, Yangzheng Major College and Zhonghua Secondary Faculty. There are also a host of childcare centres and kindergartens, as well as a Group Club, inside going for walks distance.

Source: HDB

Even so, a disadvantage is there is no marketplace or hawker centre within 500m of the site.

With the popular NEX shopping shopping mall a 9-minute wander away, however, residents’ procuring and eating demands are very well-served.

Serangoon flat is most high priced executive unit in estate

At a offering value of S$1.208 million, the flat is the most high priced in Serangoon and the most expensive executive apartment, in accordance to 99.co.

In fact, practically all the govt units offered on Serangoon Avenue 2 this 12 months have gone for over S$1 million, according to HDB data.

Resource: HDB

Government models commonly command greater charges because of to their much larger dimensions, and more so if they have fantastic destinations.

Typical cost of flats in Serangoon has risen 7.01% in 2024

When this is the first flat in Serangoon to cross the S$1.2 million mark, additional may follow as costs in the estate are speedily escalating, 99.co reported.

Even though the regular flat price tag in Serangoon is just S$599,338 (S$570 psf), much more flats are becoming offered in the estate this 12 months.

A lot more than 100 transactions have been registered in 2024, despite only 3 months obtaining long gone by.

In addition, the typical cost of flats this calendar year has risen 7.01% in comparison with 2023 — it is now at S$668,773 (S$610 psf).

Above the earlier five many years, Serangoon flat prices have gone up by 37.43%, 99.co added.

Also read: Toa Payoh HDB flat marketed for S$1.15M, sets file for 4-space models in estate

Toa Payoh HDB flat offered for S$1.15M, sets document for 4-room models in estate

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