A 1,206 square feet HDB resale flat has just been sold for $928,000 in Sengkang. This works out to around $770 psf. The flat is located within the 10th and 12th floor of Blk 216C Compassvale Drive, just across the street from Compass One and Sengkang MRT. Perhaps more importantly for some parents, it's around a 10-minute walk away from...
A 1,206 square feet HDB resale flat has just been sold for $928,000 in Sengkang. This works out to around $770 psf.
Perhaps more importantly for some parents, it's around a 10-minute walk away from Nan Chiau Primary School. The popular primary school moved from River Valley to Sengkang in 2001. Back in November 2022, a similar-sized unit in the neighbouring block 216A was sold for $928,000, setting the current record price in the estate. It's located on a higher floor range within the 16th to 18th floor.Both blocks are part of the Compassvale Mast BTO, launched for sale in the November 2012 HDB BTO exercise. Back then, five-room flats in the project were sold from $421,000 to $499,000.
More importantly, the owners of both units made a capital gain of $429,000 to $507,000 after a holding period of around five years. So at the time of the transactions, both units have around 93 years of remaining lease.At this point, given the number of million-dollar flats we have in non-mature estates since last year, it may seem like it's only a matter of time before we see another non-mature estate entering the million-dollar club.
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