Remember back in June when we covered the sale of a $1.23 million 35-year-old maisonette in Block 418 Serangoon? Well, a 5-room unit right across that maisonette has set another milestone. Selling at $1.03 million, this is Serangoon's first million-dollar sale for this unit type.
This sale took place at Block 420 on Serangoon Central, where a 5-room unit between the 10th and 12th floors sold for $1.03 million.Remember back in June when we covered the sale of a $1.23 million 35-year-old maisonette in Block 418 Serangoon? Well, a 5-room unit right across that maisonette has set another milestone. Selling at $1.03 million, this is Serangoon's first million-dollar sale for this unit type.
This could be due the age of the larger properties in this area. Many other 5-room units that have reached or exceeded $1 million in different estates still have over 80 years remaining on their lease, compared to the 64 years left on the Serangoon units in this area. Higher floors also play a role in boosting prices. Out of all the $900,000+ sales in Serangoon, only two were from units on the 10th to 12th floors — the record-breaking unit, and another sold in August 2023. Even so, mid-level units also attracted strong prices, showing steady demand across the board.
Not only is the project close to the MRT station and NEX, but it's also conveniently located near the city centre and the CBD area, which adds to its appeal.
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