Five-room resale flat in Bedok fetches $1 million in landmark transaction - Singapore News

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Five-room resale flat in Bedok fetches $1 million in landmark transaction - Singapore News
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High-value property transactions rising in the area

SINGAPORE: A five-room flat in Bedok has sold for a cool million dollars, setting a new record in the eastern town, amid soaring property prices island-wide.

According to real estate agency 99.co, the flat that joined the million-dollar club is one of the units at Belvia, a Design, Build and Sell Scheme project in Bedok. It is noteworthy that the previous million-dollar HDB flats in Bedok were predominantly executive apartments and maisonettes. The recent sale of this five-room flat represents a departure from the trend.

The price per square foot for the jumbo flat was approximately $563. At the time of resale, it had 69 years and eight months remaining on its lease, which began on April 29, 1993.

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