A five-room flat along Boon Keng Road in Kallang was just sold for a record-high of $1.55 million

[matrix05]

Kallang 1st to BTO $1m.

 

[ahboy82]

This money can buy a 3br condo in ocr region liao

 

[Corba2001]

Clearly BBFAs who are saying "top up a bit buy condo" is still lying flat in LP & LB house PCC.

Go find a condo equivalent to this 5-room DBSS in terms of size, layout, balance lease in this area and sent here please

Obviously the buyers are looking to stay in this area

 

[EdenHazard]

Congrats to pap. 2m coming soon.

 

[Ironside]

those units are very small. my friend bought around 950k many years ago.

 

[Sibeihaolian]

My ex colleague damn heng got a bto in boon keng, location also good. Few mins walk to mrt exit, super convenient to commute to office in cbd, and iirc also got good pri sch nearby which the child managed to ballot in under proximity phase

If they eventually manage to sell high, they will also still need to buy high, even if they decide to move to a more ulu location. Unless they go stay with parents and pocket the $. If not, it is just paper gain.

 

[The_Davis]

This money can buy a 3br condo in ocr region liao

Still go meh ?

 

[pmetpmet]

Nowadays OCR condos chao chao $2mil liao...

Makes this RCR HDB look cheap!

 

[I_m_limpeh]

Means not huat, don't forget you have to factor in bank loan interest during your holding period, yes you may make some profits but not astronomical like those in town and the divergence in profits are growing between well located HDBs and those outlying HDBs exponentially.

Important part is profit margin, not see whose selling price is higher.

Condos or flats in locations like Loyang or Jurong West cost less.

 

[lampano]

too cheap lah, come 2026 it will be 1.8m and 2m liaos

 

[Firstclass1188]

Important part is profit margin, not see whose selling price is higher.

Condos or flats in locations like Loyang or Jurong West cost less.

Of course must take into account profit margins, buy Boon Keng City view $500k in 2000s, now sell 1.55m profit $1m.

Buy Jurong West $250k same period now only can sell $550k profit only $300k.

Which location you prefer? Last time the difference between ulu pariah and town not so big divergence as boomers those days very price sensitive, the new generation of buyers just want location regardless of price, that's why must buy in town.

 

[coolhead]

Of course must take into account profit margins, buy Boon Keng City view $500k in 2000s, now sell 1.55m profit $1m.

Buy Jurong West $250k same period now only can sell $550k profit only $300k.

Which location you prefer? Last time the difference between ulu pariah and town not so big divergence as boomers those days very price sensitive, the new generation of buyers just want location regardless of price, that's why must buy in town.

No choice man. Work getting more stressed, jobs getting more instability. Time for leisure and convenience becomes a more important factor to reduce stress in daily lives.

If work weren't so stressed, the household occupants probably wouldn't mind being located further away from RCR and spend more time in commute.

 

[Firstclass1188]

No choice man. Work getting more stressed, jobs getting more instability. Time for leisure and convenience becomes a more important factor to reduce stress in daily lives.

If work weren't so stressed, the household occupants probably wouldn't mind being located further away from RCR and spend more time in commute.

Staying in town is like having a permanent staycation, new generation feels it is worth it.

 

[coolhead]

Staying in town is like having a permanent staycation, new generation feels it is worth it.

The commute time does matter. I've a friend who bought a car because he work at opposite ends of Singapore. Otherwise, the other scenario is spending 3 hours daily in public transport commute. It wouldn't be a problem if one is situated in the central region.

 

[Firstclass1188]

The commute time does matter. I've a friend who bought a car because he work at opposite ends of Singapore. Otherwise, the other scenario is spending 3 hours daily in public transport commute. It wouldn't be a problem if one is situated in the central region.

Staycation vibes plus commute time makes town living highly prized (priced)