Another day, another record sale for an HDB resale flat. Shortly (just around a week, to be exact) after a Tiong Bahru HDB flat broke the record to become the most expensive HDB resale flat in Singapore when it was sold for $1.5 million, we see another HDB flat recording an all-time high price. A DBSS flat in Toa Payoh...
The record-breaking unit is located within the 40th to 42nd floor range of Blk 139B Lorong 1A Toa Payoh. It’s one of the blocks from the aptly named The Peak @ Toa Payoh, a DBSS project.
On top of that, Blk 139B is within a 1km radius of three primary schools: CHIJ Primary School, Kheng Cheng School and Marymount Convent School. The popular Catholic High School is also within a 1km to 2km radius of the block.The Peak @ Toa Payoh is no stranger to million-dollar flats. As the project was completed in 2012, the owners could sell their units on the resale market from 2017 onwards.
Since the BTO system was implemented, only seven projects have been launched for sale in Toa Payoh. Among these, only two projects have completed their five-year MOP and can be sold on the resale market. This is in addition to The Peak @ Toa Payoh. It’s also why the project has recorded various million-dollar flats. Among the 32 million-dollar flats sold in Toa Payoh in the first half of this year, 10 came from The Peak, with this record-breaking transaction being the latest to enter the million-dollar club.
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