$760,000 for a Punggol 5-Room Flat? No Problem, Says One Buyer

Posted on Dec 5 2015 - 5:31pm by Redwire Singapore

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It doesn’t matter whether you’re mature or not, so long as you fetch a high price.

In a surprise deal, one 5-room flat in Punggol has been snapped up for S$760,000.

That type of fee is usually commanded by resale HDB flats in older estates with a host of amenities already put in place and a well-connected transport network set up.

But this one buyer decided he liked the design of the Punggol flat and was ready to splash the cash.

The flat is located around the 16th to 18th floor of Treelodge@Punggol.

It is one of 14 loft units in the eco-friendly HDB development.

This deal is a record for a HDB flat in a non-mature estate.

Five-room units in Punggol have been resold for as little as S$355,000 and no more than S$544,000, until now.

The previous record was set in 2012, when a 5-room HDB flat in Punggol was sold for S$650,000.

At least 3 four-room at Treelodge have sold for S$520,000 to S$548,888 in the past year, also marking a new high for flats of their type in Punggol.

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