5-room PinnacleDuxton unit sold for $1.38m, buyer paid about $120k cash over valuation
Property experts said it's rare to see a COV amount this high in the current market.However, industry experts also said that property transactions usually take around eight weeks before they are reflected in HDB's system. Thus, there's a possibility that this transaction could be the highest sale since the cooling measures implemented in September last year.
Shin Min reported that the flat belonged to a married couple in their 60s who purchased the unit for nearly $1 million about seven years ago and lived there with their daughter. However, their daughter got married a year ago and moved out, so they decided to sell their home and downsize to a three-room flat close to her new home.: "The biggest considerations in buying a house back then and selling the house now are the location and floor area.
He revealed to Shin Min that the buyers are a couple working in the finance industry. The couple holds a Permanent Residence status, has three kids and a domestic helper, and has been living in a rental for the last three years. Most recently, Deputy Prime Minister and Finance Minister Lawrence Wong announced measures to help support housing aspirations of young Singaporeans during the Budget 2023 speech on Feb 14.a housing grant increased by $30,000
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
‘Dear #MOM, please check companies who are giving the worst dormitory to hardworking workers’ — TikToker on overcrowded Jurong dorm - Singapore NewsAnd the toilet has no doors at one end of the room.
Read more »
Vietnam feels impact of Russia-Ukraine war in energy prices, defence industryVietnam's state utility EVN says it could run out of cash by May unless it raises electricity prices.
Read more »
Edwards' Barbarians shirt worn to score 'that try' fetches record $287kA shirt worn by scrum-half Gareth Edwards when he scored a famous try for the Barbarians in a test match against New Zealand in 1973 was sold at auction for a world record of 240,000 pounds ($286,776.00) on Friday.The price beats the previous record for a rugby jersey of 180,000 pounds paid in 2015 for a
Read more »
Enel Peru says state-run Chinese power firm eying possible purchaseLIMA : The Peruvian unit of Italy's biggest power utility, Enel, said on Friday that China Southern Power Grid is carrying out 'due diligence' on the local unit for a possible purchase offer on its energy distribution operations.Bloomberg reported earlier on Friday that the state-owned Chinese firm is wei
Read more »
Does holding a condo for more than 20 years mean higher gains?We recently compiled the top 10 condo gains by the regions (CCR, RCR, OCR) based on condo transactions from Feb 1 to 7, 2023. [embed]https://www.facebook.com/99.co.condo/posts/120240127647422[/embed] Among the top 10 condo gainers across the three regions, one of the transactions that stood out was the $1.56m sale of a unit at Blue Horizon. As the unit was bought for around $672,000...
Read more »
S$4,000 to rent a 4-room HDB flat in Punggol? Causes and effects of the bullish marketHDB rents reached an all-time high last year and are still climbing. The programme Talking Point dives into the issue and finds out that some of the biggest increases have been in traditionally remoter areas, among other things.
Read more »