SINGAPORE - The local resale flat market may have stabilised according to reports, but the upcoming Bukit Panjang MRT station to be opened in December this year has breathed new life into the area.
A 5-room flat on the 19th floor of Blk 185 Jelebu Road has recently transacted for a record $634,000, which is the highest this year.
ERA agent Mr Luo Guangyao told Shin Min Daily News that the buyer and his family of four had recently purchased an executive condominium and was in a hurry to sell off the unit.
The unit had attracted 20 interested buyers in August, and was recently sold for $634,000 to the highest bidder, which beat out the second-highest amount offered by $4,000.
According to Mr Luo, flats at Jelebu Road have attracted higher offers due to its proximity to the upcoming Bukit Panjang Downtown Line station, scheduled to open on Dec 27, 2015.
Of the 12 units that were sold, seven transacted above $600,0000, said Mr Luo.
Tuesday, Nov 24, 2015
Shin Min Daily News
Source: AsiaOne