A new record price for a HDB resale flat was set
last month for a property in Bishan.
An executive maisonette along Bishan Street 13 changed hands for
S$1.01 million, beating the previous S$1 million paid for a similar
unit in Mei Ling Street, Queenstown last September.
Data published by the HDB revealed that the new record holder is a
1,755 sq ft property in Block 194.
Romesh Navaratnarajah, Senior Editor for PropertyGuru,
said: “The convenient location and easy access to transport links
is one factor that attracts buyers to this neighbourhood.”
He added that resale flats in Bishan, unlike those in Queenstown
where the previous record was set, are generally newer and are more
aesthetically pleasing.
Prior to the introduction of the latest round of property cooling
measures in January, many experts were predicting further
record-breaking prices to be achieved for HDB resale flats in 2013.
It remains to be seen whether those measures will dampen both the
demand and prices for this sector.
