{"id":76046,"date":"2024-06-21T18:05:47","date_gmt":"2024-06-21T10:05:47","guid":{"rendered":"https:\/\/www.99.co\/singapore\/insider\/?p=76046"},"modified":"2024-06-28T16:10:31","modified_gmt":"2024-06-28T08:10:31","slug":"clementi-ave-3-hdb-ath","status":"publish","type":"post","link":"https:\/\/www.99.co\/singapore\/insider\/clementi-ave-3-hdb-ath\/","title":{"rendered":"Clementi Ave 3 low floor 5R unit sells for S$1.3M \u2013 Why the high price?"},"content":{"rendered":"
<\/div>\r\n

Have you ever noticed how million-dollar HDB resales<\/a> are usually for units perched on the highest floors? It makes sense, considering the panoramic views and sense of privacy that come with them. However, a recent sale in Clementi Avenue 3 defied this trend. A lower-floor unit there was sold for a staggering S$1.3 million, setting a new record for the estate of Clementi<\/a>. <\/span><\/p>\r\n\r\n\r\n\r\n

So, what exactly is driving these sky-high prices for low-floor units?<\/span><\/p>\r\n\r\n\r\n\r\n

Clementi Avenue 3 \u2013 The most expensive HDB in Clementi (for now)<\/b><\/h2>\r\n\r\n\r\n\r\n

The unit in question is located in Clementi Cascadia<\/a>, a newer development in the area. Specifically, the transaction involved a unit in Block 440C<\/a>, between the 4th and 6th floors of the 40-floor building.\u00a0<\/span><\/p>\r\n\r\n\r\n\r\n

Despite being on a low floor, the unit fetched a whopping price of S$1,077.94 per square foot (psf<\/a>) for a total area of 1,206 square feet. The lease for Clementi Cascadia started in 2018, leaving 93 years and 3 months on the 99-year lease, making it an attractive long-term investment.<\/span><\/p>\r\n

Check your affordability with 99.co’s affordability calculator<\/a>!\u00a0<\/strong><\/em><\/p>\r\n\r\n\r\n\r\n\r\n

Properties for you in Clementi Cascadia<\/h4>\n
\n \n
\n