Flat nearly sold for $950k

By Irene Tham

The view from inside the HDB penthouse located at Strathmore Avenue, which overlooks the estate. The 2,066 sq ft unit on the 24th floor would have sold for $950,000, but its buyer could not get a bank loan. -- ST PHOTO: TERENCE TAN

A FAMILY in Singapore nearly sold their home in Strathmore Avenue for $950,000 - possibly the highest amount fetched for an HDB flat.

But the deal did not go through.

The buyer could not get a bank loan for the rare penthouse valued at $875,000.

The Queenstown flat joins another HDB flat which recently made the news for its equally lofty price.

The property - a rooftop maisonette in Bishan Street 24 - reportedly drew an offer of $900,000 from a buyer.

The Strathmore Avenue penthouse on the 24th floor boasts an unobstructed view of the estate. It is a five-minute walk from Queenstown MRT station.

- wong chee tat :)

Record $653,000 for 4-room flat

Jessica Cheam
Fri, Nov 13, 2009
The Straits Times

Record $653,000 for 4-room flat

[Photo: The four-year-old 969sqft unit at Forfar Heights, Strathmore Avenue, is just five minutes walk from Queenstown MRT station, and on the top, 40th floor of the block. The price paid by the Indonesian buyer is about 2.5 times the $262,000 the seller and his wife paid a few years ago.]

By Jessica Cheam

A FOUR-ROOM Queenstown HDB flat has sold for $653,000, setting a new record for price per sq ft (psf), amid continuing red-hot demand for resale flats.

The buyers, a male Indonesian permanent resident and a Singaporean woman, could have bought a condominium unit in an outlying area for the price.

But they were won over by the location, just five minutes walk from Queenstown MRT station, and on the top, 40th floor of the block, with unblocked views of greenery from all windows.

Record $653,000 for flat

Record $653,000 for flat http://www.straitstimes.com/BreakingNews/Singapore/Story/STIStory_453576.html

By Jessica Cheam

Chris Neo (left) and Kelvin Lim (right), seller of the flat Michael Nandakumaran (center), with sold a HDB flat at Blk 48, Strathmore Avenue for a record price of $653k. -- ST PHOTO: DESMOND LIM

A FOUR-ROOM Queenstown HDB flat has sold for $653,000, setting a new record for price per sq ft (psf), amid continuing red-hot demand for resale flats.

The buyers, a male Indonesian permanent resident and a Singaporean woman, could have bought a condominium unit in an outlying area for the price.

But they were won over by the location, just five minutes walk from Queenstown MRT station, and on the top, 40th floor of the block, with unblocked views of greenery from all windows.

The four-year-old 969sqft unit at Forfar Heights, Strathmore Avenue, sold for $68,000 above valuation - a level determined by an independent valuer.

This works out to $674 psf, smashing the previous record of $609 psf, achieved in January last year, by about 10per cent.

This may be an unusually high price but resale prices have been moving up.

- wong chee tat :)