A five-room HDB flat located at 216A Compassvale Drive recently sold for a whopping S$968,000 👀
SINGAPORE: While some years ago, the very idea of an HDB flat selling for one million dollars seemed out of this world, this once preposterous idea has become a reality in more and more areas in Singapore, especially with the red-hot property market over the past few years.
If the next sale of an HDB flat in Sengkang breaches the S$1million price tag, only Jurong West, Choa Chu Kang, Sembawang, and Tengah will remain as the last HDB towns standing.“Over the years, Sengkang has undergone a significant transformation from being a quiet residential area to becoming one of Singapore’s liveliest and most family-friendly towns.
Three years later, the first flats at Rivervale were completed, and fast forward more than two decades, Sengkang has become a home for over 200,000 residents. In spite of affordable housing being one of the cornerstones of Singapore public policy the first million dollar flat was sold way back in 2012. It was a 150 sqm executive flat at Blk 149 Mei Ling Street in Queenstown, which carried a S$1,000,000 price tag.
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