HDB resale flat at Sembawang sold for record $745k

HDB resale flat at Sembawang sold for record $745k

A 5-room HDB resale flat at Sembawang has actually simply cost S$ 745,000 this month– an all-time high for a 5-room flat in the HDB town. At 1,216 sq ft, the cost psf works out to be S$ 612.

The flat is located within the 7th to 9th flooring of Blk 108C Canberra Stroll, which is just one of the 3 blocks of EastLawn @ Canberra BTO. The BTO is around an 11-minute walk to Canberra MRT and also Canberra Plaza.

The apartment has just completed its MOP

EastLawn @ Canberra BTO is just one of the “East” BTOs at Canberra that’s anticipated to complete its five-year Minimum Line of work Period (SPONGE) this year. The completed MOP also suggests that proprietors would now be able to invest in a private property, lease the entire level or offer the flat on the resale market.

Offered the young age of the flat (around five years of age) and also longer continuing to be leased (around 94 years), owners would certainly have the ability to market the BTO level at a much higher cost when it reaches its MOP.

When it comes to this 5-room Sembawang flat, with the lease starting in 2018, it has around 94 years and 7 months of staying lease when it was marketed.

Launched throughout the November 2013 BTO launch, 5-room apartments at EastLawn @ Canberra BTO were prices varying from S$ 315,000 to S$ 373,000.

This implied that omitting other costs such as Buyer’s Stamp Duty and renovation costs, the owners made a gain of around S$ 373,000 to S$ 430,000 for offering the flat.

Other just recently MOP-ed BTO apartments in the area consist of Eastbrook @ Canberra, EastWave @ Canberra, EastCrown @ Canberra, Pullman Residences, as well as EastLace @ Canberra.

According to our Researcher data, EastWave was the first to enter the resale market in August 2014, with the others beginning to go into the marketplace this year.

Since creation, the ordinary cost psf of apartments negotiated this quarter ranges from S$ 582 at EastLawn to S$ 622 at EastLacem and also shares the cost of Pullman Residences Floor Plan.

Notably, the greater ordinary cost psf at EastLace could be a result of the fact that amongst these five BTOs, it is the local to Canberra MRT at a six-minute walk away.

Due to COVID-19, Amber Park Showflat is open for online bookings. You can now register online to receive direct developer discount offers and prices.