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Record $653,000 for 4-room flat via AsiaOne

By mothersuperior,
November 13, 2009 in The 3 Pointed Star Bar

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mothersuperior

Posted November 13, 2009

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Posted November 13, 2009

Record $653,000 for 4-room flat

[Photo: The four-year-old 969sqft unit at Forfar Heights, Strathmore Avenue, is just five minutes walk from Queenstown MRT station, and on the top, 40th floor of the block. The price paid by the Indonesian buyer is about 2.5 times the $262,000 the seller and his wife paid a few years ago.]

By Jessica Cheam

A FOUR-ROOM Queenstown HDB flat has sold for $653,000, setting a new record for price per sq ft (psf), amid continuing red-hot demand for resale flats.

The buyers, a male Indonesian permanent resident and a Singaporean woman, could have bought a condominium unit in an outlying area for the price.

But they were won over by the location, just five minutes walk from Queenstown MRT station, and on the top, 40th floor of the block, with unblocked views of greenery from all windows.