According to the information given by 99.co, the unit is located on the 4th floor (that is, the top floor) of the big brand 50 HDB flats in Moh Guan Terrace.
As the lease of HDB flats in Singapore are basically 99 years old, this "old HDB flat" built in 1973 has only 48 years and 8 months left on the lease.
The problem of architectural design, this group of houses so far have not installed elevators (and may not have in the future), 4-storey building is not high, not low, but every day to get in and out or elevators more energy.
According to the demand of the property market, the fewer the deeds, the lower the price tends to be. According to speculation, the biggest selling point of this unit is - large.
Back in the 1990s, the Singapore government agreed to HDB homeowners buying adjacent smaller units (3-bedroom style) and combining them into one large unit. In this way, many of the larger units are comparable in size to the regular 5-bedroom style.
This unit in Moyuan Terrace is one of them, with a combined area of 1,894 sq ft (equal to about 176 sq m), which can be considered super spacious as a 4-bedroom style. Mind you, HDB Singapore's current 4-bedroom units are about 1,000 sq ft (about 93 sq m).
In fact, the sf price of this unit is not expensive, compared to other resale units in the same area in Tiong Bahru with an average sf price of S$839, the sf price of Mau Yuan Terrace is only about S$792, it can be sold at a high price solely by virtue of its super large area.
Before Moyuan Terrace broke the record, the first place was from Dusheng Court, an internet famous HDB flat that was visited by JJ Lin, it was sold for S$1.418 million in July 2022 for a high rise flat and also set a new high resale price for a 5-bedroom HDB flat.
As Singapore's current pre-buy HDB flats (BTO) can only be purchased by citizens and the waiting time for delivery is longer, the more relaxed resale HDB flats (which can be purchased by married Singapore permanent residents) are also popular with many people.
According to data released by the HDB, resale HDB housing prices in Singapore have risen for 13 consecutive quarters and 38 months since the first quarter of 2020.
Watching the index rise, many netizens are also worried: if it goes on like this, they won't even be able to afford to buy a HDB flat in the future?
In fact, although there are many millions of resale HDB flats in Singapore, there are even more low-cost resale HDB flats!
According to the United Daily News, "In the first 10 months of the HDB resale transactions in 2021, about 68% of the three-bedroom HDB flats changed hands for less than $400,000; 75% of the four-bedroom HDB flats resold for between $400,000 and $599,999; 76% of the five-bedroom and larger HDB flats were between $500,000 and $799,999. "
This means that nearly 70% of the three-bedroom HDB flats can be purchased for less than S$400,000. This price is obviously much more "affordable" for the average family.
Therefore, for Singapore citizens or permanent residents who want to buy a ready-made house in Singapore, resale HDB flats are not always that expensive and can be compared and considered.
