Five-room HDB flat in Marine Parade sold for $1.01m; first million-dollar HDB in estate

[theMKR]

Won't come close to marine parade.

u see the amk sagat. 4 blks nia kpkb liao

if move to bayshore, maybe need to top up 100k and somemore no more point blocks....

 

[tomasulu]

u see the amk sagat. 4 blks nia kpkb liao

if move to bayshore, maybe need to top up 100k and somemore no more point blocks....

Keep up man... they already hand out the Hobson's choice of half lease option.

 

[theMKR]

Keep up man... they already hand out the Hobson's choice of half lease option.

unless they build 5rooms flats, then maybe still ok.

its like the rocher center sers. the replacement flat was kallang trivista, which had 5room flats.... ( under normal circumstances ) it will not have 5room flat de.

i suspect its to reduce the cash compensation....

 

[mryongtan]

That place so old and so near the sea can fetch $1M! Feels damn salty.

going to hit $2m in a few years, better buy faster.

 

[tomasulu]

Is siao Wu Lui lang .....

Well if you'd like to live in the same area in a 3bdm condo unit with a view, you will be looking at around $1.8 (former hudc) -$2.5m. Sure the remaining lease is short so you will find it hard to sell to another buyer. But the chance for sers is pretty decent - the Govt is not gonna piss off so many hdb owners in a hotly contested east coast area. If that, you get a brand new hdb with a small top up.

 

[mrclubbie]

property market is overheated...artificially inflated...good luck to future generations

 

[Cococokie]

Ok good luck to the generation

Young transfer wealth to old to cash out.

If the young buyer took loan, then ultimately he just screwed himself and bank profits.

property market is overheated...artificially inflated...good luck to future generations

I really don't think these above 1 mil old HDBs news are real. Very possible that govt ramping up these fake news to try to create a "HDB can make big money" perception to get ppl to commit their life in singapore. We all know a saying: There is no free lunch in this world. You really think you just sit in a house for decades, suddenly you turn into a millionaire? Really questionable... rich ppl buy landed and condos, they don't buy million dollar HDB flats. Even if it's govt buyback like SERS, where is govt going to find all that money to buyback?

 

[SGMale]

@hardwriter @SGMale $1m for lease hold pigeon hole. Any comments?

A businessman will not see it as a 1million flat. It is a 1million investment property. Or $1634/mth. The rental value ish $900 per month each person. It can be rented up to 6 people, total rental $5400/mth, 6.5% yield per annum.

 

[Cococokie]

A businessman will not see it as a 1million flat. It is a 1million investment property. Or $1634/mth. The rental value ish $900 per month each person. It can be rented up to 6 people, total rental $5400/mth, 6.5% yield per annum.

you can only find bangladeshi worker willing to live among 6 ppl in 1 flat unit.

 

[A Better Tomorrow]

6 pple is considered min liao. SAF 8th rule as usual.

 

[Cococokie]

A businessman will not see it as a 1million flat. It is a 1million investment property. Or $1634/mth. The rental value ish $900 per month each person. It can be rented up to 6 people, total rental $5400/mth, 6.5% yield per annum.

 

[Cococokie]

6 pple is considered min liao. SAF 8th rule as usual.

Oh wait i forgot... Bangladeshi workers have dorms to stay.

Tenant NOT found!

 

[nats7798]

Seriously hdb resale huat kueh

 

[A Better Tomorrow]

A businessman will not see it as a 1million flat. It is a 1million investment property. Or $1634/mth. The rental value ish $900 per month each person. It can be rented up to 6 people, total rental $5400/mth, 6.5% yield per annum.

The target would be preferably a group of tenants working for a corp or SMEs. Having a certain average pay to tank the rental in long run.

 

[sugaricing83]

Any aging sinkie with > 3m in bank want god daughter?

 

[Aaron_soh80]

W T F

only 50+ years left ...

Future mrt near there...he can resell not less

 

[jonesftw]

Seriously hdb resale huat kueh

 

[Alesa^]

Huat ah, East Coast Plan.

 

[Cococokie]

Yea yea... 1 person sell 1 million (maybe to govt), the other 50 resident sell 600k: Become Breaking news. Happy now?

 

[Ghostleader5]

What is Heng swee keat's reaction to this news? Blood pressure go up or koon song song?