A 4-room HDB unit in Tiong Bahru is being rented out for a mind-boggling $6,200 per month, and the rental fee is reportedly the highest amount for a flat for the whole of last year.
Shin Min Daily News reported that the 4-room flat that measures 1,200 sq ft, is located at Block 17 Seng Poh Road, and is among a group of old HDB blocks built by the Singapore Improvement Trust before the Housing Development Board (HDB) came about.
The block was completed in 1949, before Singapore even gained independence, and has about 25 years left on its 99-year lease; the block is 74-years-old.
The most recent rental transaction was in December 2022 for $6,200 per month, according to HDB’s website, which broke the HDB flat rental record for last year.
The flat at Block 17 Seng Poh Road isn’t the only unit that fetched a rental fee of $6,200 per month, with another nearby unit, a 3-room flat at Block 35 Lim Liak Street also being rented out for $6,200 per month, despite being smaller than the Seng Poh Road fat at 947 sq ft.
Block 35 Lim Liak Street was completed in 1973 and had about 49 years left on its 99-year lease, and is about 50 years old.