HDB Maisonette: Breaking the $1M Barrier Again
Last week saw a couple of HDB homes hit the million-dollar club—your typical Bukit Timah, Tampines, and Punggol lofts. Now, a classic maisonette has joined the league. Let’s dive into the juicy details.
Snapshot of the Deal
- Price: $1.05 million
- Size: 1,507 square feet
- Price per square foot: $697
- Location: Blk 60, Dakota Crescent (4th floor)
Why It’s a Hotspot
When you’re just three minutes on foot from Dakota MRT and five minutes away from the Old Airport Road Food Centre, you’re basically living in a convenience hub. And if the little schooly crowd matters, the famous Kong Hwa School is less than a kilometer away.
Who’s Behind the Buy?
- Buyer profile: A young couple in their 30s (thanks to Ryan Ong from WTG Property for the scoop)
- Brokerage: Represented by Tee Wan Kee from ERA Realty Network
Lease Time Crunch
The unit’s lease began in 1983, so there’re roughly 60 years left to make the most of it—perfect timing for a modern family looking to settle down.
Final Thoughts
With a price tag that’s as lofty as the skyline, this maisonette proves that HDB still plays a tough game in the property arena. For those who enjoy a blend of classic charm and practical convenience, the Dakota Crescent address feels like a sweet spot. Good luck if you’re looking to join the $1M club next!’
Most expensive HDB resale flat in Geylang (for now)
<img alt="" data-caption="The interior of the million-dollar flat at Dakota Crescent.
PHOTO: Ryan Ong” data-entity-type=”file” data-entity-uuid=”f9433016-6b21-475d-81b4-e14e3ebe7d42″ src=”/sites/default/files/inline-images/220922_dakota_ryan_ong%20%281%29.jpg”/>
Geylang’s New Real‑Estate Power Couple
Think of Geylang as the indie film of Singapore’s housing scene—low‑budget charm with a surprise plot twist. And the twist? This maisonette just topped the charts as the most expensive HDB resale flat in town.
What’s a Maisonette, Anyway?
Picture a two‑storey loft, but with the twist that the HDB has stopped building them. Today, you’ll find them only in the rare gold‑winged pockets of existing estates. The living, dining and kitchen claim the first floor, while the bedrooms keep the whole vibe “sleep level two.” It’s like having a home and a hotel in one place—only less exotic.
The Million‑Dollar Moment
- In December 2020, the first Geylang flat to cross the one‑million‑dollar line was another maisonette from the same block, selling for $1.01 million.
- Fast forward to this year, the record was surpassed by a 5‑room resale flat at Pine Close—sold for $1.02 million in January.
- Just a month later, the same street bragged another sale for a 5‑room flat at $1.001 million. Talk about a slow‑moving street carousel!
Why These Numbers Matter
Unlike the generic off‑the‑rack HDB units, maisonettes offer that double‑level living that feels more personal—kind of like choosing a duplex where the kitchen’s on the same level as your living room. They’re rare because, after a while, HDB decided to stop constructing them. That scarcity, combined with Geylang’s traditional vibe, makes every sale a headline.
Is Your Geylang Giraffe Up for Sale?
If you’re eyeing a home in Geylang, remember that these steep prices hint at a market that’s warmer than a balmy Singapore evening. You might just need both a negotiator and a suntan lotion in your pocket.
Source: 99.co (for those who still crave a good trust signal, we’ve got it here!) – but the real story is the sizzling boom of Geylang’s property scene.
