'Not unrealistic': Telok Blangah jumbo flat listed for more than $2.1m with 91-year lease remaining
A jumbo HDB flat in Telok Blangah has been listed for $2.18 million, potentially setting a new record for public housing in Singapore. While the price is significantly higher than previous records, realtors argue it reflects the unique value of the property's size and remaining lease.
Why it matters
The listing highlights the ongoing debate regarding the affordability and valuation of public housing in high-demand urban markets.
A jumbo flat in Telok Blangah has been listed for sale at an asking price of $2.18 million.
The 1,465 sq ft unit at Block 93B Telok Blangah Street 31 is part of Telok Blangah Parcview, a 1,480-unit Build-To-Order (BTO) project completed in end-2017.
Checks by AsiaOne show that the jumbo flat is made up of two three-room flats.
According to the listing, the unit has five bedrooms and four bathrooms, is fully furnished and has a high-quality integrated audio system.
Despite the list price exceeding the current resale record of $1.73 million, set by a five-room Bukit Merah flat by nearly $400,000, the realtor handling the listing told AsiaOne in an interview on Sunday (Sept 20) that it is not unrealistic.
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