Outline Table:
| Heading | Subheading |
|---|---|
| Introduction | HDB Sales in 2023 |
| Ang Mo Kio 4-Room Sale | Record-Breaking Property in Ang Mo Kio Estate |
| The Sold Flat Details | Location and Features of the HDB Unit |
| Comparison Analysis | Previous Sales vs. the Latest 4-Room Flat Sale |
| Factors Influencing Price | Determinants of High Property Prices |
| Proximity & Amenities | Transport, Amenities, and Future Developments |
| Price Per Square Foot | Increase in Property Value Over the Years |
| Market Stabilization | Insights into the Stability of the Property Market |
| Records and Milestones | Comparing the AMK Flat with Other Expensive Units |
| Conclusion | Summarizing the Impact and Trends in the Property Market |
| FAQ | Common Questions Addressed post-Article |
Ang Mo Kio HDB Flat Sold For 1 Million Dollars, 1st 4-Room Unit To Do So In Estate
Introduction
In the landscape of Housing Development Board (HDB) sales in 2023, notable transformations and record-breaking transactions have set the tone for the year. A significant milestone was achieved in Ang Mo Kio, marking the sale of a four-room HDB flat for an unprecedented price of S$1 million.
Ang Mo Kio 4-Room Sale: Record-Breaking Property in Ang Mo Kio Estate
The focal point of this surge in property valuation is nestled within Cheng San Court, where a four-room flat recently clinched a historic sale at S$1 million. This event marked a watershed moment in the estate, surpassing previous property valuations.
The Sold Flat Details: Location and Features of the HDB Unit
Situated in Block 591A, Ang Mo Kio Street 51, the four-room flat, boasting a lease term of 94 years and four months, found its buyer in October 2023. Notably, this marked the first instance of a four-room HDB unit breaching the S$1 million benchmark in Ang Mo Kio. The advantageous location between the 31st and 33rd storeys paired with its panoramic views and convenient access to amenities contributed to its high valuation.
Comparison Analysis: Previous Sales vs. the Latest 4-Room Flat Sale
In a comparative assessment, several other four-room units within the same block had previously sold just under the seven-figure price range. Notably, in March and May 2023, units fetched prices of S$990,000 and S$980,000, respectively, setting the stage for the recent record-breaking transaction.
Factors Influencing Price: Determinants of High Property Prices
The similarity shared by these high-value units is compelling. All apartments, including the most recent landmark sale, are situated in Block 591A of Cheng San Court, predominantly on higher floors, offering unparalleled vistas and convenient access.
Proximity & Amenities: Transport, Amenities, and Future Developments
The advantageous positioning of Cheng San Court, merely 500 meters away from Ang Mo Kio MRT Station, coupled with future infrastructural developments like the Tavistock and Teck Ghee MRT stations through the Cross Island Line, contributes to the desirability of the location. Additionally, residents have easy access to nearby malls and supermarkets, such as AMK Hub and Djitsun Mall.
Price Per Square Foot: Increase in Property Value Over the Years
Analyzing trends, the average price per square foot of four-room flats in Ang Mo Kio has risen significantly from S$451 in 2020 to S$642 in 2023, reflecting the willingness of buyers to invest in more spacious units.
Market Stabilization: Insights into the Stability of the Property Market
The subtle decrease in total transactions from 2020 to 2023 potentially indicates a stabilization in the property market. This trend points towards a maturing market where valuations reach a balance point.
Records and Milestones: Comparing the AMK Flat with Other Expensive Units
Though the Ang Mo Kio flat achieved a commendable milestone, the title for the most expensive four-room flat remains with a 50-year-old flat in Tiong Bahru, which was sold for S$1.5 million.
Conclusion
The recent record-breaking HDB sale in Ang Mo Kio serves as a testament to the evolving property landscape, reflecting market fluctuations, trends, and aspirational benchmarks in Singapore’s real estate.