Five-Room Boon Keng HDB Flat at Sells for S$1.1 Million!

Posted on Aug 11 2016 - 6:22pm by Redwire Singapore

redwire-singapore-city-view-boon-keng
A new record selling price for a 5-room HDB flat at City View @ Boon Keng.

Despite a depressed resale market, a buyer paid S$1.1 million to purchase the 28th floor unit.

That sale has netted current owner, Mr Tan, a profit of S$300,000.

He bought the DBSS flat at S$700,000 when it was launched in 2008.

Resale flats in central location have been known to fetch a premium.

In March this year a top-floor unit at Cityview @ Boon Keng was sold for S$1 million after being listed for just 2 weeks on the market.

Prior to that, another 5-room flat at City View @ Boon Keng changed hands at S$855,000.

 

 

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