The flat is positioned inside the tenth and twelfth ground of Blk 216C Compassvale Drive, simply throughout the road from Compass One and Sengkang MRT.
Maybe extra importantly for some dad and mom, it’s round a 10-minute stroll away from Nan Chiau Major College. The favored major faculty moved from River Valley to Sengkang in 2001.
One other factor to notice is that the transaction value matched the present all-time excessive value for a 5-room HDB resale flat in Sengkang.
HDB flats on the market in Sengkang
Again in November 2022, a similar-sized unit within the neighbouring block 216A was offered for S$928,000, setting the present report value within the property. It’s positioned on a better ground vary inside the sixteenth to 18th ground.
Capital acquire of S$429k to S$507k
Each blocks are a part of the Compassvale Mast BTO, launched on the market within the November 2012 HDB BTO train. Again then, 5-room flats within the challenge have been offered from S$421,000 to S$499,000.
Because the leases of each items began in 2017, they’ve solely not too long ago accomplished the five-year Minimal Occupation Interval (MOP).
Extra importantly, the house owners of each items made a capital acquire of S$429,000 to S$507,000 after a holding interval of round 5 years (huat ah!). So on the time of the transactions, each items have round 93 years of remaining lease.
Will Sengkang have a million-dollar HDB resale flat quickly?
At this level, given the variety of million-dollar flats we’ve in non-mature estates since final yr, it could seem to be it’s solely a matter of time earlier than we see one other non-mature property coming into the million-dollar membership.
On the identical time, we notice that million-dollar flats are inclined to have these traits:
- Centrally positioned
- Have an extended remaining lease
- Uncommon and/or now not constructed
- A ground space that’s bigger than typical HDB flats
To this point, the million-dollar flats we see in non-mature estates are inclined to have the final two traits. Examples of those are the 1,927 sq ft multi-generation HDB resale flat in Yishun and the 1,604 sq ft loft unit in Punggol.
HDB flats on the market for S$1m and above
For those who ask us which property will enter the million-dollar membership quickly, we expect a extra probably candidate could be Bukit Panjang.
It’s because an HDB govt maisonette at Blk 544 Jelapang Highway was not too long ago offered for S$965,000. With the unit spanning 1,528 sq ft, this works out to round S$631 psf.
And as we’ve coated in a earlier article, maisonettes are among the many rarest forms of HDB flats, provided that they’re two storeys and now not constructed. So that they entice greater demand and command greater value tags.
Pondering of promoting your flat after MOP, however undecided on how one can get began? Allow us to aid you.
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