Breaking the $1 Million Barrier: A Tiong Bahru HDB Flat Makes History
In a move that would have even the most seasoned real‑estate whisperers gasping, a 936‑sq‑ft, four‑room HDB apartment at 10B Boon Tiong Road sold for an eye‑watering $1.158 million in June. That translates to a whopping $1,237 per square foot—a price that’s turning heads faster than a flock of pigeons in a street sweep.
How the Price Got There
- Location: 29th floor of a high‑rise block
- Listed: September last year, asked for $1.2 million
- Actual sale: $1.158 million in June
- HDB valuation: $1 million—buyer paid a “cash‑over valuaton” of $158,000
- Renovations: $200,000 of makeover work that tipped the scales in favor of the final buyer
The Battle of the Bids
Despite the hefty asking price, interest wasn’t shut out. The seller faced multiple offers, one as high as $1.15 million in December, yet kept holding out for a more attractive deal. It’s a classic case of “wait for the right number.”
Other Million‑Dollar HDB Homes
It’s not just Tiong Bahru pulling the siege on the million‑dollar club. In Yishun, two executive apartments recently joined the elite ranks:
- 1,980‑sq‑ft EA – $1,000,888 (look, they love rounding numbers)
- 1,765‑sq‑ft EA – $1 million (practically a neat round-up)
Beyond HDB: The Coffee Shop Crown
While HDB flats are reaching new heights, commercial properties are doing the same. Earlier this month, a coffee shop in Tampines went for an impressive $41,682,168, beating the 2015 Bukit Batok record of $31 million. No wonder baristas are now dreaming of triple‑espresso grants!
Why the Madness?
What’s driving these record prices? A blend of limited supply, enviable locations, and a market that’s willing to pay big bucks for a piece of Singapore’s real estate amusement park. Whether you’re a local or a tourist looking to invest, it’s clear the city’s got no shortage of high‑price surprises.
