{"id":60256,"date":"2022-10-11T13:47:37","date_gmt":"2022-10-11T05:47:37","guid":{"rendered":"https:\/\/www.99.co\/singapore\/insider\/?p=60256"},"modified":"2023-03-11T00:30:55","modified_gmt":"2023-03-10T16:30:55","slug":"post-cooling-measure-hdb-resale-condos-ath-records","status":"publish","type":"post","link":"https:\/\/www.99.co\/singapore\/insider\/post-cooling-measure-hdb-resale-condos-ath-records\/","title":{"rendered":"9 HDB resale and 7 condos which broke all-time-high records before and after the September 30 cooling measure"},"content":{"rendered":"
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When cooling measures<\/a> were announced on 30 September 2022, many buyers, sellers and agents were caught by surprise. Understandably, some were considering whether to proceed with signing their Option-to-Purchase (OTP), while others were in the midst of evaluating their affordability due to higher stress-test interest rates<\/a> before applying to borrow for housing loans.<\/p>\n

Private property owners who have sold their homes and are looking to downgrade to an HDB resale flat now have to wait 15 months before they can buy one (with some exceptions<\/a> if you’re 55 years old and older).<\/p>\n

As many affected buyers were making critical decisions after the announcement, several transaction records have been lodged since then.<\/p>\n

All-time-high transaction records pre- and post-Sept 30<\/h2>\n

Tallied by 99.co and SRX as of 9 October 2022, the following are all-time-high resale transactions filtered by town\/district, property type and price.<\/p>\n

For the HDB resale transactions, the filter gave us transactions lodged a day after the announcement, while for condos, we’re able to see all-time-high transactions just 1-2 weeks before and after the announcement.<\/p>\n

Based on the records, we can assume that not everyone was affected by the sudden announcement, or if they were, they could have already signed their OTPs beforehand and are, thus, not impacted by the change.<\/p>\n

HDB resale all-time-high transactions by room type and township<\/h3>\n\n\n\n\n\n\n\n\n\n\n\n<\/colgroup>\n\n\n\n\n\n\n\n\n\n\n\n
Transaction date<\/strong><\/td>\nTown<\/strong><\/td>\nBlock<\/b><\/td>\nProperty type<\/strong><\/td>\nFloor range<\/strong><\/td>\nArea (in square metres)<\/strong><\/td>\nArea (in square feet)<\/strong><\/td>\nPrice per square foot (S$ psf)<\/strong><\/td>\nAll-time-high resale price (S$) by room type in respective town<\/strong><\/td>\nSingapore’s current all-time-high resale price (S$) by room type<\/strong><\/td>\n<\/tr>\n
1 October 2022<\/td>\nYishun<\/td>\n675B Yishun Ave 4<\/a><\/td>\n2RM<\/td>\n7-9<\/td>\n47<\/td>\n506<\/td>\n632.53<\/td>\n320,000<\/td>\n560,000<\/td>\n<\/tr>\n
1 October 2022<\/td>\nYishun<\/td>\n530D Yishun Ave 11<\/a><\/td>\n3RM<\/td>\n10-12<\/td>\n67<\/td>\n721<\/td>\n721.04<\/td>\n520,000<\/td>\n1,268,000<\/td>\n<\/tr>\n
1 October 2022<\/td>\nPasir Ris<\/td>\n348C Pasir Ris Dr 1<\/a><\/td>\n3RM<\/td>\n10-12<\/td>\n65<\/td>\n700<\/td>\n814.69<\/td>\n570,000<\/td>\n1,268,000<\/td>\n<\/tr>\n
1 October 2022<\/td>\nPunggol<\/td>\n308C Punggol Walk<\/a><\/td>\n3RM<\/td>\n16-18<\/td>\n67<\/td>\n721<\/td>\n690.53<\/td>\n498,000<\/td>\n1,268,000<\/td>\n<\/tr>\n
1 October 2022<\/td>\nBukit Merah<\/td>\n10A Boon Tiong Rd<\/a><\/td>\n3RM<\/td>\n19-21<\/td>\n62<\/td>\n667<\/td>\n1198.75<\/td>\n800,000<\/td>\n1,268,000<\/td>\n<\/tr>\n
1 October 2022<\/td>\nYishun<\/td>\n348B Yishun Ave 11<\/a><\/td>\n4RM<\/td>\n13-15<\/td>\n92<\/td>\n990<\/td>\n700.81<\/td>\n694,000<\/td>\n1,228,000<\/td>\n<\/tr>\n
1 October 2022<\/td>\nToa Payoh<\/td>\n138A Lor 1A Toa Payoh<\/a><\/td>\n5RM<\/td>\n40-42<\/td>\n114<\/td>\n1227<\/td>\n1124.62<\/td>\n1,380,000<\/td>\n1,418,000<\/td>\n<\/tr>\n
1 October 2022<\/td>\nJurong West<\/td>\n333 Kang Ching Rd<\/a><\/td>\nEXE<\/td>\n10-12<\/td>\n139<\/td>\n1496<\/td>\n538.04<\/td>\n805,000<\/td>\n1,288,000<\/td>\n<\/tr>\n
1 October 2022<\/td>\nYishun<\/td>\n661 Yishun Ave 4<\/a><\/td>\nEXE<\/td>\n10-12<\/td>\n164<\/td>\n1765<\/td>\n610.67<\/td>\n1,078,000<\/td>\n1,288,000<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

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There are several interesting findings here:<\/p>\n

    \n
  1. Four HDB apartments in Yishun recorded all-time-high resale prices in their respective room types for the town, namely 2-, 3-, 4- and executive. A 2-room at Yishun Avenue 4 was sold for a record S$320k, 3-room at S$520k, 4-room at S$694k and a 1,765-sqft executive apartment sold for S$1.078m.<\/li>\n
  2. The 3-room (667 sqft) apartment at Boon Tiong Road has the highest psf price (S$1,199 psf) for a 3-room (Model A) ever sold in Bukit Merah to date. In psf terms, it is surpassed only by a 4-room unit, also at Boon Tiong Road, which sold for S$1.158m, or S$1,237.18 psf in June 2022.<\/li>\n
  3. For both 3-room apartments at Pasir Ris Drive 1 and Punggol Walk, their absolute resale prices are the current all-time highs for the room types in their areas. The Punggol apartment is a 3-room premium apartment.<\/li>\n
  4. The 5-room resale flat at Toa Payoh’s DBSS project The Peak may not hold the current record for Singapore’s most expensive HDB resale flat<\/a>, but its S$1.38m price at S$1,124 psf is an all-time-high for 5-room resale units in the township – both in terms of absolute price and psf. This also makes it the fifth most expensive HDB resale flat in Singapore.<\/li>\n
  5. \u00a0Finally, the 1,496-sqft executive apartment at Kang Ching Road is Jurong West’s most expensive executive HDB resale flat to date at S$805k (S$538 psf). It is the fourth most expensive HDB resale flat ever sold in the town (sharing a joint position with a 1,130-sqft 5-room DBSS apartment at Lake Vista @ Yuan Ching Road, which sold at S$712 psf in August).<\/li>\n<\/ol>\n

     <\/p>\n