{"id":55403,"date":"2022-06-09T02:23:00","date_gmt":"2022-06-08T18:23:00","guid":{"rendered":"https:\/\/www.99.co\/singapore\/insider\/first-million-dollar-flats-sold-pasir-ris-woodlands-may-2022\/"},"modified":"2022-07-01T05:27:02","modified_gmt":"2022-06-30T21:27:02","slug":"first-million-dollar-flats-sold-pasir-ris-woodlands-may-2022","status":"publish","type":"post","link":"https:\/\/www.99.co\/singapore\/insider\/first-million-dollar-flats-sold-pasir-ris-woodlands-may-2022\/","title":{"rendered":"First million-dollar flats sold in Pasir Ris, Woodlands in May 2022"},"content":{"rendered":"
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Three executive HDB flats in Pasir Ris<\/a> and Woodlands<\/a> were sold for over a million dollars last month, marking a first for the two estates.<\/p>\n

According to a flash report by 99.co and SRX on the HDB resale market in May 2022<\/a>, an executive maisonette at Pasir Ris Street 13 was sold for S$1,138,888. Spanning 2,034 sq ft, this translates to a price psf of S$560.<\/p>\n

In the same month, two executive flats in Woodlands have breached the million-dollar mark. Given the size of the flats (both have a floor area of 2,034 sq ft), they are most likely jumbo flats.<\/p>\n

One of the flats, located along Woodlands Street 83, was sold at S$1.04 million (S$511 psf). The other flat, located along Woodlands Street 81, was sold at a slightly lower price of S$1.03 million (S$506 psf). With these transactions, Woodlands has become the third non-mature estate to see a resale flat sold for at least a million dollars, following Hougang in 2018 and Yishun earlier in February this year<\/a>.<\/p>\n

Notable month for million-dollar flats<\/strong><\/h2>\n

The million-dollar executive flats in Pasir Ris and Woodlands were not the only record-breaking HDB flats last month.<\/p>\n

Three weeks ago, a 5-room resale flat at City Vue @ Henderson<\/a> grabbed headlines for its record-breaking transacted price of S$1.4 million<\/a>. Notably, the development is a SERS<\/a> replacement site, whose lease only started in 2019.<\/p>\n

Given that the owners were affected by SERS, their seven-year Minimum Occupation Period (MOP)<\/a> had started from the flat selection. This meant that their MOP has ended, allowing them to sell the flat in the secondary market.<\/p>\n

\"Infographic<\/a><\/p>\n

In general, 30 million-dollar flats were sold last month, representing 1.4% of the total number of resale flat transactions last month. This is slightly higher than the proportion in April, in which million-dollar flats made up 1.0% of the total number of transactions.<\/p>\n

We also note that among the million-dollar flats sold last month, 10 of the units are executive (33%) while 18 are 5-room flats (60%) and two are 4-room flats (7%).<\/p>\n

With 30 million-dollar flats sold, this marks the second-highest number of million-dollar flats transacted in a month. The all-time record was in December 2021 when 36 of such flats were sold.<\/p>\n

Compared to May 2021, the number of flats sold for at least a million dollars has increased by 130.8% from 13 to 30 in May 2022. For the first five months of the year, 135 million-dollar flats have been transacted, which is 55.2% higher than the same period last year.<\/p>\n

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HDB executive flats for sale in Pasir Ris<\/h4><\/div>\n
See all listings<\/a><\/span><\/div>\n <\/div>\n
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\n \"101\n <\/div>\n
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101 Pasir Ris Street 12<\/div>\n
Singapore 510101 \u00b7 D18<\/div>\n
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\n \"bedroom\"\n 4<\/span>\n <\/div>\n
\n \"bathroom\"\n 3<\/span>\n <\/div>\n
\n 1,571 sqft<\/span>\n <\/div>\n <\/div>\n
S$ 940,000<\/div>\n <\/div>\n
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