{"id":81449,"date":"2025-01-09T17:43:38","date_gmt":"2025-01-09T09:43:38","guid":{"rendered":"https:\/\/www.99.co\/singapore\/insider\/?p=81449"},"modified":"2025-01-09T17:43:38","modified_gmt":"2025-01-09T09:43:38","slug":"the-peak-toa-payoh-dbss-first-s1-6m-hdb-resale","status":"publish","type":"post","link":"https:\/\/www.99.co\/singapore\/insider\/the-peak-toa-payoh-dbss-first-s1-6m-hdb-resale\/","title":{"rendered":"The Peak @ Toa Payoh DBSS sells at S$1.6M, Singapore&#8217;s first HDB sale at this price point"},"content":{"rendered":"<div id=\"bsf_rt_marker\"><\/div>\r\n<p>This time, apart from <a href=\"https:\/\/www.99.co\/singapore\/insider\/skyoasis-dawson-1-7m-ath\/\">the national record transaction at Margaret Drive<\/a>, a\u00a0<a class=\"c-link\" href=\"https:\/\/www.99.co\/singapore\/glossary\/design-build-and-sell-scheme-dbss\/\" target=\"_blank\" rel=\"noopener noreferrer\" data-stringify-link=\"https:\/\/www.99.co\/singapore\/glossary\/design-build-and-sell-scheme-dbss\/\" data-sk=\"tooltip_parent\">Design, Build and Sell (DBSS) flat<\/a>\u00a0in\u00a0<a class=\"c-link\" href=\"https:\/\/www.99.co\/singapore\/hdb\/the-peak-toa-payoh-deXtuepHupKv6oAjz46EbLxh\" target=\"_blank\" rel=\"noopener noreferrer\" data-stringify-link=\"https:\/\/www.99.co\/singapore\/hdb\/the-peak-toa-payoh-deXtuepHupKv6oAjz46EbLxh\" data-sk=\"tooltip_parent\">The Peak @ Toa Payoh<\/a>\u00a0has crossed\u00a0<a class=\"c-link\" href=\"https:\/\/www.99.co\/singapore\/insider\/hdb-resale-flats-for-s1-5-million\/\" target=\"_blank\" rel=\"noopener noreferrer\" data-stringify-link=\"https:\/\/www.99.co\/singapore\/insider\/hdb-resale-flats-for-s1-5-million\/\" data-sk=\"tooltip_parent\">the S$1.5 million barrier that dominated sales throughout 2024<\/a>, making it Singapore\u2019s first S$1.6M transaction.<\/p>\r\n\r\n\r\n\r\n<div class=\"wp-block-yoast-seo-table-of-contents yoast-table-of-contents\">\r\n<h2>Table of contents<\/h2>\r\n<ul>\r\n<li><a href=\"#h-the-first-s-1-6m-hdb-resale-transaction\" data-level=\"2\">The first S$1.6M HDB resale transaction<\/a><\/li>\r\n<li><a href=\"#h-the-most-expensive-hdb-resale-still-stands-strong-at-s-1-73m-nbsp\" data-level=\"2\">The most expensive HDB resale still stands strong at S$1.73M\u00a0<\/a><\/li>\r\n<li><a href=\"#h-the-last-hdb-resale-record-within-s-1-5m-stood-at-s-1-588m\" data-level=\"2\">The last HDB resale record within S$1.5M stood at S$1.588M<\/a><\/li>\r\n<li><a href=\"#h-there-were-more-than-20-s-1-5m-hdb-resale-transactions-in-2024\" data-level=\"2\">There were more than 20 S$1.5M HDB resale transactions in 2024<\/a><\/li>\r\n<li><a href=\"#h-is-it-really-that-far-out-for-the-peak-toa-payoh-to-make-a-s-1-6m-sale\" data-level=\"2\">Is it really that far out for The Peak @ Toa Payoh to make a S$1.6M sale?<\/a><\/li>\r\n<li><a href=\"#h-could-this-record-sustain-through-the-year-or-will-another-sale-break-through\" data-level=\"2\">Could this record sustain through the year, or will another sale break through?<\/a><\/li>\r\n<\/ul>\r\n<\/div>\r\n\r\n\r\n\r\n<h2 id=\"h-the-first-s-1-6m-hdb-resale-transaction\" class=\"wp-block-heading\"><b data-stringify-type=\"bold\">The first S$1.6M HDB resale transaction<\/b><\/h2>\r\n\r\n\r\n\r\n<p><span style=\"font-weight: 400;\">The transaction in question involved a property at The Peak @ Toa Payoh, specifically <a href=\"https:\/\/www.99.co\/singapore\/hdb\/138a-lorong-1a-toa-payoh-adUHBbPPdznESL82JVkpad8e\" target=\"_blank\" rel=\"noreferrer noopener\">Block 138A<\/a>, located at <a href=\"https:\/\/www.99.co\/singapore\/hdb\/toa-payoh\/lorong-1a-toa-payoh\" target=\"_blank\" rel=\"noreferrer noopener\">Lorong 1A<\/a>. The unit sold was situated between the 19th and 21st floors. While there are higher floors available, this mid-range elevation offers a decent view. The unit spans 1,259 square feet (sqft), selling for a price of S$1.6M. This translates to S$1,270 <a href=\"https:\/\/www.99.co\/singapore\/glossary\/psf-per-square-foot\/\" target=\"_blank\" rel=\"noreferrer noopener\">per square foot (psf)<\/a>. <\/span><\/p>\r\n\r\n\r\n\r\n<p><span style=\"font-weight: 400;\">At the time of sale, the project had 86 years and 6 months remaining on its 99-year lease, which is considered quite generous.<\/span><\/p>\r\n<p style=\"border: 2px solid black; padding: 10px;\"><em><strong>Check your affordability with\u00a0<a href=\"https:\/\/www.99.co\/singapore\/tools\/affordability-calculator\" target=\"_blank\" rel=\"noreferrer noopener\">99.co\u2019s affordability calculator!<\/a><\/strong><\/em><\/p>\r\n<p>\r\n\r\n<\/p>\r\n<p>\r\n\r\n<\/p>\n    <section id=\"portal-widget-tab-panel-6aaaaefb78034\" class=\"portal-widget-tab-panel\">\n        <div class=\"swiper-container\" id=\"swiper-container-6aaaaefb78034\">\n                        <div class=\"row-title-widget\">\n                <div class=\"portal-widget-carousel-title-left\"><h4 class=\"portal-widget-title\">The Peak @ Toa Payoh properties for you (from S$715k)<\/h4><\/div>\n                <div class=\"portal-widget-carousel-title-right text-right\"><span class=\"portal-widget-see-all-link link-top\"><a href=\"\" class=\"nndc-open-app-link\" data-url=\"https:\/\/www.99.co\/singapore\/sale?autocom=false&amp;autocomplete_main_categories=hdb&amp;bathrooms=any&amp;composite_floor_level=any&amp;composite_furnishing=any&amp;composite_property_status=any&amp;composite_views=any&amp;features_and_amenities=any&amp;has_floor_plan=false&amp;main_category=all&amp;name=The%20Peak%20%40%20Toa%20Payoh&amp;page_num=1&amp;page_size=36&amp;path=%2Fsingapore%2Fsale&amp;period_of_availability=any&amp;property_segments=residential&amp;query_coords=1.3364507000934887%2C103.84472409868928&amp;query_ids=deXtuepHupKv6oAjz46EbLxh&amp;query_type=cluster&amp;radius_max=1000&amp;rooms=any&amp;show_cluster_preview=true&amp;show_description=true&amp;show_internal_linking=true&amp;show_meta_description=true&amp;show_nearby=true&amp;sort_field=price&amp;sort_order=asc&amp;tenure=any&amp;zoom=15&utm_source=blog&utm_medium=widget\">See all listings<\/a><\/span><\/div>\n            <\/div>\n                        <div class=\"portal-widget-carousel swiper-wrapper\">\n                                    <div class=\"portal-widget-carousel__card swiper-slide\">\n                                                <div class=\"card-image\">\n                            <img decoding=\"async\" src=\"https:\/\/pic2.99.co\/v3\/Gh8gAXXMEgQwZchQKGWjRW?text=Novell+Tan&sampling=lanczos&version=1&height=600&width=800&mode=fill&quality=80&convert_if_png=true&signature=bd3188114aea79d8bb0e7fea352c52a0c00cac95\" alt=\"138B Lorong 1A Toa Payoh Photo\">\n                        <\/div>\n                        <div class=\"card-description\">\n                            <div class=\"card-text card-title\">138B Lorong 1A Toa Payoh<\/div>\n                            <div class=\"card-text card-subtitle\">Singapore 312138 \u00b7 D12<\/div>\n                            <div class=\"card-text card-room\">\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bed-icon.svg\" alt=\"bedroom\">\n                                    <span>3<\/span>\n                                <\/div>\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bath-icon.svg\" alt=\"bathroom\">\n                                    <span>2<\/span>\n                                <\/div>\n                                <div >\n                                    <span>1,216 sqft<\/span>\n                                <\/div>\n                            <\/div>\n                            <div class=\"card-text card-price\">S$ 1,150,000<\/div>\n                        <\/div>\n                        <div class=\"card-button\">\n                            <button class=\"btn-view-listing nndc-open-app-link\" data-url=\"https:\/\/www.99.co\/singapore\/sale\/property\/138b-lorong-1a-toa-payoh-hdb-kSzgGk2xrGWQJUeQWLUyqG?utm_source=blog&utm_medium=widget\">View this listing<\/button>\n                        <\/div>\n                    <\/div>\n                                    <div class=\"portal-widget-carousel__card swiper-slide\">\n                                                <div class=\"card-image\">\n                            <img decoding=\"async\" src=\"https:\/\/pic2.99.co\/v3\/ukuMbo5SqsAeaLcTYTKbwm?text=Aina+Lie&sampling=lanczos&version=1&height=600&width=800&mode=fill&quality=80&convert_if_png=true&signature=a4e06afa518015cca786f8051cd2d5b4d5a05916\" alt=\"138A Lorong 1A Toa Payoh Photo\">\n                        <\/div>\n                        <div class=\"card-description\">\n                            <div class=\"card-text card-title\">138A Lorong 1A Toa Payoh<\/div>\n                            <div class=\"card-text card-subtitle\">Singapore 311138 \u00b7 D12<\/div>\n                            <div class=\"card-text card-room\">\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bed-icon.svg\" alt=\"bedroom\">\n                                    <span>3<\/span>\n                                <\/div>\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bath-icon.svg\" alt=\"bathroom\">\n                                    <span>2<\/span>\n                                <\/div>\n                                <div >\n                                    <span>1,216 sqft<\/span>\n                                <\/div>\n                            <\/div>\n                            <div class=\"card-text card-price\">S$ 1,150,000<\/div>\n                        <\/div>\n                        <div class=\"card-button\">\n                            <button class=\"btn-view-listing nndc-open-app-link\" data-url=\"https:\/\/www.99.co\/singapore\/sale\/property\/138a-lorong-1a-toa-payoh-hdb-8bRwumRZAj5bZnZWGLqX9U?utm_source=blog&utm_medium=widget\">View this listing<\/button>\n                        <\/div>\n                    <\/div>\n                                    <div class=\"portal-widget-carousel__card swiper-slide\">\n                                                <div class=\"card-image\">\n                            <img decoding=\"async\" src=\"https:\/\/pic2.99.co\/v3\/atgSLySzdufeZqA2mxG2bd?text=Gerald+Lee+Yee+Kang&sampling=lanczos&version=1&height=600&width=800&mode=fill&quality=80&convert_if_png=true&signature=02402fff7d15afbad50b111940347f602569870a\" alt=\"138C Lorong 1A Toa Payoh Photo\">\n                        <\/div>\n                        <div class=\"card-description\">\n                            <div class=\"card-text card-title\">138C Lorong 1A Toa Payoh<\/div>\n                            <div class=\"card-text card-subtitle\">Singapore 313138 \u00b7 D12<\/div>\n                            <div class=\"card-text card-room\">\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bed-icon.svg\" alt=\"bedroom\">\n                                    <span>3<\/span>\n                                <\/div>\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bath-icon.svg\" alt=\"bathroom\">\n                                    <span>2<\/span>\n                                <\/div>\n                                <div >\n                                    <span>1,184 sqft<\/span>\n                                <\/div>\n                            <\/div>\n                            <div class=\"card-text card-price\">S$ 1,170,000<\/div>\n                        <\/div>\n                        <div class=\"card-button\">\n                            <button class=\"btn-view-listing nndc-open-app-link\" data-url=\"https:\/\/www.99.co\/singapore\/sale\/property\/138c-lorong-1a-toa-payoh-hdb-mNF77UGt7PGm8pTisEYdBA?utm_source=blog&utm_medium=widget\">View this listing<\/button>\n                        <\/div>\n                    <\/div>\n                                    <div class=\"portal-widget-carousel__card swiper-slide\">\n                                                <div class=\"card-image\">\n                            <img decoding=\"async\" src=\"https:\/\/pic2.99.co\/v3\/PT3xxvXkpmAJu6HfEk4fVj?text=Kang+Lye+Xing+Valerie&sampling=lanczos&version=1&height=600&width=800&mode=fill&quality=80&convert_if_png=true&signature=3e47b79e51bca6f4e5dc6d9d5081f3043f54893e\" alt=\"138C Lorong 1A Toa Payoh Photo\">\n                        <\/div>\n                        <div class=\"card-description\">\n                            <div class=\"card-text card-title\">138C Lorong 1A Toa Payoh<\/div>\n                            <div class=\"card-text card-subtitle\">Singapore 313138 \u00b7 D12<\/div>\n                            <div class=\"card-text card-room\">\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bed-icon.svg\" alt=\"bedroom\">\n                                    <span>3<\/span>\n                                <\/div>\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bath-icon.svg\" alt=\"bathroom\">\n                                    <span>2<\/span>\n                                <\/div>\n                                <div >\n                                    <span>1,184 sqft<\/span>\n                                <\/div>\n                            <\/div>\n                            <div class=\"card-text card-price\">S$ 1,170,000<\/div>\n                        <\/div>\n                        <div class=\"card-button\">\n                            <button class=\"btn-view-listing nndc-open-app-link\" data-url=\"https:\/\/www.99.co\/singapore\/sale\/property\/138c-lorong-1a-toa-payoh-hdb-7J9uRRzWZPpDQkETEnrH2J?utm_source=blog&utm_medium=widget\">View this listing<\/button>\n                        <\/div>\n                    <\/div>\n                                    <div class=\"portal-widget-carousel__card swiper-slide\">\n                                                <div class=\"card-image\">\n                            <img decoding=\"async\" src=\"https:\/\/pic2.99.co\/v3\/Soe6dwHCCPqKabrNQTvFCE?text=Andrew+Nair&sampling=lanczos&version=1&height=600&width=800&mode=fill&quality=80&convert_if_png=true&signature=c661bd6494b8c0628b977e3c992998067e7f8be1\" alt=\"138A Lorong 1A Toa Payoh Photo\">\n                        <\/div>\n                        <div class=\"card-description\">\n                            <div class=\"card-text card-title\">138A Lorong 1A Toa Payoh<\/div>\n                            <div class=\"card-text card-subtitle\">Singapore 311138 \u00b7 D12<\/div>\n                            <div class=\"card-text card-room\">\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bed-icon.svg\" alt=\"bedroom\">\n                                    <span>3<\/span>\n                                <\/div>\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bath-icon.svg\" alt=\"bathroom\">\n                                    <span>2<\/span>\n                                <\/div>\n                                <div >\n                                    <span>1,216 sqft<\/span>\n                                <\/div>\n                            <\/div>\n                            <div class=\"card-text card-price\">S$ 1,250,000<\/div>\n                        <\/div>\n                        <div class=\"card-button\">\n                            <button class=\"btn-view-listing nndc-open-app-link\" data-url=\"https:\/\/www.99.co\/singapore\/sale\/property\/138a-lorong-1a-toa-payoh-hdb-8YndobQMbQZvyBdonc7GmA?utm_source=blog&utm_medium=widget\">View this listing<\/button>\n                        <\/div>\n                    <\/div>\n                                    <div class=\"portal-widget-carousel__card swiper-slide\">\n                                                <div class=\"card-image\">\n                            <img decoding=\"async\" src=\"https:\/\/pic2.99.co\/v3\/Ykv33dBnxYPR94czFhj4WQ?text=Sudha+Karan&sampling=lanczos&version=1&height=600&width=800&mode=fill&quality=80&convert_if_png=true&signature=2ead71332697bbcddbfbffaa92423694edf11362\" alt=\"138C Lorong 1A Toa Payoh Photo\">\n                        <\/div>\n                        <div class=\"card-description\">\n                            <div class=\"card-text card-title\">138C Lorong 1A Toa Payoh<\/div>\n                            <div class=\"card-text card-subtitle\">Singapore 313138 \u00b7 D12<\/div>\n                            <div class=\"card-text card-room\">\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bed-icon.svg\" alt=\"bedroom\">\n                                    <span>3<\/span>\n                                <\/div>\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bath-icon.svg\" alt=\"bathroom\">\n                                    <span>2<\/span>\n                                <\/div>\n                                <div >\n                                    <span>1,184 sqft<\/span>\n                                <\/div>\n                            <\/div>\n                            <div class=\"card-text card-price\">S$ 1,250,000<\/div>\n                        <\/div>\n                        <div class=\"card-button\">\n                            <button class=\"btn-view-listing nndc-open-app-link\" data-url=\"https:\/\/www.99.co\/singapore\/sale\/property\/138c-lorong-1a-toa-payoh-hdb-YpkHJkSvApcYD6xBbLyubA?utm_source=blog&utm_medium=widget\">View this listing<\/button>\n                        <\/div>\n                    <\/div>\n                                    <div class=\"portal-widget-carousel__card swiper-slide\">\n                                                <div class=\"card-image\">\n                            <img decoding=\"async\" src=\"https:\/\/pic2.99.co\/v3\/DNRbutGokWCQrVZV7DhMYG?text=James+Yeo&sampling=lanczos&version=1&height=600&width=800&mode=fill&quality=80&convert_if_png=true&signature=1dcf13db7e07f2f2a261f9936c6d166fc4f01806\" alt=\"139B Lorong 1A Toa Payoh Photo\">\n                        <\/div>\n                        <div class=\"card-description\">\n                            <div class=\"card-text card-title\">139B Lorong 1A Toa Payoh<\/div>\n                            <div class=\"card-text card-subtitle\">Singapore 312139 \u00b7 D12<\/div>\n                            <div class=\"card-text card-room\">\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bed-icon.svg\" alt=\"bedroom\">\n                                    <span>3<\/span>\n                                <\/div>\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bath-icon.svg\" alt=\"bathroom\">\n                                    <span>2<\/span>\n                                <\/div>\n                                <div >\n                                    <span>980 sqft<\/span>\n                                <\/div>\n                            <\/div>\n                            <div class=\"card-text card-price\">S$ 1,280,000<\/div>\n                        <\/div>\n                        <div class=\"card-button\">\n                            <button class=\"btn-view-listing nndc-open-app-link\" data-url=\"https:\/\/www.99.co\/singapore\/sale\/property\/139b-lorong-1a-toa-payoh-hdb-f9GaCcGnzxKzoqfyVE3dsr?utm_source=blog&utm_medium=widget\">View this listing<\/button>\n                        <\/div>\n                    <\/div>\n                                    <div class=\"portal-widget-carousel__card swiper-slide\">\n                                                <div class=\"card-image\">\n                            <img decoding=\"async\" src=\"https:\/\/pic2.99.co\/v3\/c24rFp8bbFzqRfS7yU2yQQ?text=Gerald+Lee+Yee+Kang&sampling=lanczos&version=1&height=600&width=800&mode=fill&quality=80&convert_if_png=true&signature=99dca7f99605afd799b161e32cb20cb0566a3116\" alt=\"138B Lorong 1A Toa Payoh Photo\">\n                        <\/div>\n                        <div class=\"card-description\">\n                            <div class=\"card-text card-title\">138B Lorong 1A Toa Payoh<\/div>\n                            <div class=\"card-text card-subtitle\">Singapore 312138 \u00b7 D12<\/div>\n                            <div class=\"card-text card-room\">\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bed-icon.svg\" alt=\"bedroom\">\n                                    <span>3<\/span>\n                                <\/div>\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bath-icon.svg\" alt=\"bathroom\">\n                                    <span>2<\/span>\n                                <\/div>\n                                <div >\n                                    <span>980 sqft<\/span>\n                                <\/div>\n                            <\/div>\n                            <div class=\"card-text card-price\">S$ 1,280,000<\/div>\n                        <\/div>\n                        <div class=\"card-button\">\n                            <button class=\"btn-view-listing nndc-open-app-link\" data-url=\"https:\/\/www.99.co\/singapore\/sale\/property\/138b-lorong-1a-toa-payoh-hdb-SDeSiycPTt6jVHKdwJFqME?utm_source=blog&utm_medium=widget\">View this listing<\/button>\n                        <\/div>\n                    <\/div>\n                                    <div class=\"portal-widget-carousel__card swiper-slide\">\n                                                <div class=\"card-image\">\n                            <img decoding=\"async\" src=\"https:\/\/pic2.99.co\/v3\/aoWWE9z96hHP84ehzUTKd5?text=Kang+Lye+Xing+Valerie&sampling=lanczos&version=1&height=600&width=800&mode=fill&quality=80&convert_if_png=true&signature=c11c24c7e4676cb8190838f60e67d26d4d49add1\" alt=\"138B Lorong 1A Toa Payoh Photo\">\n                        <\/div>\n                        <div class=\"card-description\">\n                            <div class=\"card-text card-title\">138B Lorong 1A Toa Payoh<\/div>\n                            <div class=\"card-text card-subtitle\">Singapore 312138 \u00b7 D12<\/div>\n                            <div class=\"card-text card-room\">\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bed-icon.svg\" alt=\"bedroom\">\n                                    <span>3<\/span>\n                                <\/div>\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bath-icon.svg\" alt=\"bathroom\">\n                                    <span>2<\/span>\n                                <\/div>\n                                <div >\n                                    <span>980 sqft<\/span>\n                                <\/div>\n                            <\/div>\n                            <div class=\"card-text card-price\">S$ 1,280,000<\/div>\n                        <\/div>\n                        <div class=\"card-button\">\n                            <button class=\"btn-view-listing nndc-open-app-link\" data-url=\"https:\/\/www.99.co\/singapore\/sale\/property\/138b-lorong-1a-toa-payoh-hdb-BZL2J77SQnehbEhdY9Boh9?utm_source=blog&utm_medium=widget\">View this listing<\/button>\n                        <\/div>\n                    <\/div>\n                                    <div class=\"portal-widget-carousel__card swiper-slide\">\n                                                <div class=\"card-image\">\n                            <img decoding=\"async\" src=\"https:\/\/pic2.99.co\/v3\/BCQpu4qeBTjLfayqiQuHxN?text=Yeo+Tong+Boon&sampling=lanczos&version=1&height=600&width=800&mode=fill&quality=80&convert_if_png=true&signature=25da3860a67ca0ff41d0b10de138940fd1cddc3d\" alt=\"138A Lorong 1A Toa Payoh Photo\">\n                        <\/div>\n                        <div class=\"card-description\">\n                            <div class=\"card-text card-title\">138A Lorong 1A Toa Payoh<\/div>\n                            <div class=\"card-text card-subtitle\">Singapore 311138 \u00b7 D12<\/div>\n                            <div class=\"card-text card-room\">\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bed-icon.svg\" alt=\"bedroom\">\n                                    <span>3<\/span>\n                                <\/div>\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bath-icon.svg\" alt=\"bathroom\">\n                                    <span>2<\/span>\n                                <\/div>\n                                <div >\n                                    <span>1,184 sqft<\/span>\n                                <\/div>\n                            <\/div>\n                            <div class=\"card-text card-price\">S$ 1,288,888<\/div>\n                        <\/div>\n                        <div class=\"card-button\">\n                            <button class=\"btn-view-listing nndc-open-app-link\" data-url=\"https:\/\/www.99.co\/singapore\/sale\/property\/138a-lorong-1a-toa-payoh-hdb-Y4EJ3ydgki9MSBCTCx9cD4?utm_source=blog&utm_medium=widget\">View this listing<\/button>\n                        <\/div>\n                    <\/div>\n                            <\/div>\n            <!-- Add Arrows -->\n            <div class=\"swiper-button-next\"><\/div>\n            <div class=\"swiper-button-prev\"><\/div>\n                    <\/div>\n    <\/section>\n\n<p>\n\r\n\r\n<\/p>\r\n<p>\r\n\r\n<\/p>\r\n<p>&nbsp;<\/p>\r\n<p>\r\n\r\n<\/p>\r\n<h2 id=\"h-the-most-expensive-hdb-resale-still-stands-strong-at-s-1-73m-nbsp\" class=\"wp-block-heading\"><strong>The most expensive HDB resale still stands strong at S$1.73M\u00a0<\/strong><\/h2>\r\n<p>\r\n\r\n<\/p>\r\n<p>Back in June last year, an eye-popping <a href=\"https:\/\/www.99.co\/singapore\/sale\/hdb\" target=\"_blank\" rel=\"noopener\">HDB resale<\/a> transaction caught everyone&#8217;s attention when a flat sold for a staggering S$1.73 million. The sale sparked plenty of buzz among market watchers and netizens alike.<\/p>\r\n<p>\r\n\r\n<\/p>\r\n<p>Let\u2019s revisit the details: this record-breaking transaction involved a unit on <a href=\"https:\/\/www.99.co\/singapore\/sale?bathrooms=any&amp;composite_floor_level=any&amp;composite_furnishing=any&amp;composite_property_status=any&amp;composite_views=any&amp;features_and_amenities=any&amp;has_floor_plan=false&amp;isFilterUnapplied=false&amp;main_category=all&amp;map_bounds=1.27611%2C103.810492%2C1.32265%2C103.867945&amp;map_view=true&amp;name=Margaret%20Drive&amp;page_num=1&amp;page_size=35&amp;path=%2Fsingapore%2Fsale&amp;period_of_availability=any&amp;property_segments=residential&amp;query_coords=1.2972244324502147%2C103.80818385969481&amp;query_ids=szmargaret_drive&amp;query_limit=radius&amp;query_type=subzone&amp;rooms=any&amp;show_cluster_preview=true&amp;show_description=true&amp;show_future_mrts=true&amp;show_internal_linking=true&amp;show_meta_description=true&amp;show_nearby=true&amp;tenure=any&amp;zoom=15\" target=\"_blank\" rel=\"noopener\">Margaret Drive,<\/a> spanning 1,195 sqft and fetching S$1,444 psf. It dethroned the previous national high of S$1.588 million.<\/p>\r\n<p>\r\n\r\n<\/p>\r\n<p>Located on the 45th floor, the flat stood out for its modern features and prime location near <a href=\"https:\/\/www.99.co\/singapore\/sale\/condos-apartments\/queenstown-mrt?bathrooms=any&amp;composite_floor_level=any&amp;composite_furnishing=any&amp;composite_property_status=any&amp;composite_views=any&amp;features_and_amenities=any&amp;has_floor_plan=false&amp;main_category=all&amp;name=Queenstown&amp;page_num=1&amp;page_size=36&amp;path=%2Fsingapore%2Fsale%2Fcondos-apartments%2Fqueenstown-mrt&amp;period_of_availability=any&amp;property_segments=residential&amp;query_coords=1.294443%2C103.806114&amp;query_ids=sg-mrt-queenstown&amp;query_name=Queenstown&amp;query_text=Queenstown&amp;query_type=subway_station&amp;radius_max=1000&amp;rooms=any&amp;show_cluster_preview=true&amp;show_description=true&amp;show_internal_linking=true&amp;show_meta_description=true&amp;show_nearby=true&amp;sort_field=relevance&amp;sort_order=desc&amp;tenure=any&amp;zoom=15\" target=\"_blank\" rel=\"noopener\">Queenstown MRT station<\/a>\u00a0and Queenstown Primary School. Despite an initial asking price of S$1.838 million, it was snapped up within a month, demonstrating the strong demand for well-located, high-quality properties.<\/p>\r\n<p>\r\n\r\n<\/p>\r\n<p>At the time, the S$1.73 million sale raised questions about whether it was a one-off anomaly or a sign of shifting market dynamics. The lack of subsequent transactions matching or exceeding this record suggests the former. While this sale remains a milestone, it may be better understood as an exceptional case rather than a harbinger of new market trends.<\/p>\r\n<p style=\"border: 2px solid black; padding: 10px;\"><em><strong>Read more:\u00a0<\/strong><\/em><a href=\"https:\/\/www.99.co\/singapore\/insider\/skyoasis-dawson-1-7m-ath\/\" target=\"_blank\" rel=\"noopener\">New HDB ATH record set: S$1.73M for a 5-room SkyOasis @ Dawson unit<\/a><\/p>\r\n<p>\r\n\r\n<\/p>\r\n<p>\r\n\r\n<\/p>\r\n<p>\r\n\r\n<\/p>\r\n<p>\r\n\r\n<\/p>\r\n<h2 id=\"h-the-last-hdb-resale-record-within-s-1-5m-stood-at-s-1-588m\" class=\"wp-block-heading\"><b>The last HDB resale record within S$1.5M stood at S$1.588M<\/b><\/h2>\r\n<p>\r\n\r\n<\/p>\r\n<p>\r\n\r\n<\/p>\r\n<p>Since the S$1.73M sale on Margaret Drive was somewhat of an outlier, let\u2019s focus on a more consistent benchmark: the S$1.588M high and the broader trend of S$1.5M transactions that defined much of last year.The S$1.588M record was set by two <span style=\"font-weight: 400;\"> <a href=\"https:\/\/www.99.co\/singapore\/neighbourhoods\/bukit-merah\" target=\"_blank\" rel=\"noreferrer noopener\">Bukit Merah<\/a><\/span> transactions in June 2024, both involving 5-room units. T<span style=\"font-weight: 400;\">he first unit was from <a href=\"https:\/\/www.99.co\/singapore\/hdb\/tiong-bahru-view-deytdWf85PuHa9GVK3Vq6MU5\" target=\"_blank\" rel=\"noreferrer noopener\">Tiong Bahru View,<\/a> located on a high floor of a 40-storey building. This transaction involved a unit measuring 1,206 sqft, selling for S$1,317.93 psf.\u00a0<\/span><\/p>\r\n<p><span style=\"font-weight: 400;\">The second unit hailed from <a href=\"https:\/\/www.99.co\/singapore\/hdb\/95a-henderson-road-adeTNqSnpXoDMfU56pn52CL3\" target=\"_blank\" rel=\"noreferrer noopener\">Block 96A<\/a> in <a href=\"https:\/\/www.99.co\/singapore\/hdb\/city-vue-henderson-denE94BkVCcxYKvpyFu287fb\" target=\"_blank\" rel=\"noreferrer noopener\">City Vue @ Henderson<\/a>. Positioned among the highest floors (46th to 48th), the 1,216 sqft flat fetched S$1,305.56 psf.<\/span><\/p>\r\n<p>\r\n\r\n<\/p>\r\n<p style=\"border: 2px solid black; padding: 10px;\"><em><strong>Read more about these two transactions here:<\/strong><\/em><br \/><a href=\"https:\/\/www.99.co\/singapore\/insider\/s1-588m-5r-hdb-bukit-merah-singapores-most-expensive-resale\/\" target=\"_blank\" rel=\"noreferrer noopener\">At S$1.588M, this 5R HDB in Bukit Merah is Singapore\u2019s most expensive resale flat\u00a0<\/a><br \/><a href=\"https:\/\/www.99.co\/singapore\/insider\/s1-588m-city-vue-henderson-ath-june-2024\/\">Bukit Merah matches yet another national high as City Vue @ Henderson hits S$1.588M<\/a><\/p>\r\n<p>So, what stands out here is that The Peak @ Toa Payoh&#8217;s sale is only S$12,000 (or 0.755%) higher than the previous record. This begs the question: why did it take so long for a sale to surpass the S$1.6M mark, especially even with the S$1.73M sale already paving the pathway?<\/p>\r\n<p>\r\n\r\n<\/p>\r\n<div>\r\n<div>Given that the highest sale last year was recorded in June, it seems logical that another would follow shortly after. Yet, despite the numerous transactions in the S$1.5M range, none crossed that threshold until now.<\/div>\r\n<\/div>\r\n<p>\r\n\r\n<\/p>\r\n<p><iframe loading=\"lazy\" style=\"border: none; width: 350px !important; box-shadow: 0px 2px 12px rgb(11 17 52 \/ 15%); border-radius: 16px;\" src=\"https:\/\/www.99.co\/property-value-widget?contentSource=insider-blog&amp;contentId=the-peak-toa-payoh-dbss-national-ath-s1-6m\" width=\"350\" height=\"370\" scrolling=\"no\"><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\">\ufeff<\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><\/span><\/iframe><\/p>\r\n<p>\r\n\r\n<\/p>\r\n<p>\r\n\r\n<\/p>\r\n<h2 id=\"h-there-were-more-than-20-s-1-5m-hdb-resale-transactions-in-2024\" class=\"wp-block-heading\"><b>There were more than 20 S$1.5M HDB resale transactions in 2024<\/b><\/h2>\r\n<p>\r\n\r\n<\/p>\r\n<p>\r\n\r\n<\/p>\r\n<p><span style=\"font-weight: 400;\">One of the more intriguing trends in 2024 was the number of sales crossing the S$1.5M threshold. By the end of the year, there were over 20 such transactions:\u00a0<\/span><\/p>\r\n<p>\r\n\r\n\n<table id=\"tablepress-91\" class=\"tablepress tablepress-id-91\">\n<thead>\n<tr class=\"row-1\">\n\t<th class=\"column-1\">Date<\/th><th class=\"column-2\">Address<\/th><th class=\"column-3\">Block<\/th><th class=\"column-4\">Floor<\/th><th class=\"column-5\">Size (sqft)<\/th><th class=\"column-6\">Price<\/th><th class=\"column-7\">Price (psf)<\/th><th class=\"column-8\">Type<\/th>\n<\/tr>\n<\/thead>\n<tbody class=\"row-striping row-hover\">\n<tr class=\"row-2\">\n\t<td class=\"column-1\">01\/2025<\/td><td class=\"column-2\">Lorong 1A Toa Payoh<\/td><td class=\"column-3\">138A<\/td><td class=\"column-4\">19 &#8211; 21 <\/td><td class=\"column-5\">1,259<\/td><td class=\"column-6\">S$1.6 M<\/td><td class=\"column-7\">S$1,270<\/td><td class=\"column-8\">5-room<\/td>\n<\/tr>\n<tr class=\"row-3\">\n\t<td class=\"column-1\">06\/2024<\/td><td class=\"column-2\">Boon Tiong Road<\/td><td class=\"column-3\">9B<\/td><td class=\"column-4\">34 &#8211; 36 <\/td><td class=\"column-5\">1,206<\/td><td class=\"column-6\">S$1.588 M<\/td><td class=\"column-7\">S$1,316<\/td><td class=\"column-8\">5-room<\/td>\n<\/tr>\n<tr class=\"row-4\">\n\t<td class=\"column-1\">06\/2024<\/td><td class=\"column-2\">Henderson Road<\/td><td class=\"column-3\">96A<\/td><td class=\"column-4\">46 &#8211; 48 <\/td><td class=\"column-5\">1,216<\/td><td class=\"column-6\">S$1.588 M<\/td><td class=\"column-7\">S$1,305<\/td><td class=\"column-8\">5-room<\/td>\n<\/tr>\n<tr class=\"row-5\">\n\t<td class=\"column-1\">10\/2024<\/td><td class=\"column-2\">Kim Tian Road<\/td><td class=\"column-3\">126A<\/td><td class=\"column-4\">40 &#8211; 42<\/td><td class=\"column-5\">1,216<\/td><td class=\"column-6\">S$1.58 M<\/td><td class=\"column-7\">S$1,299.34<\/td><td class=\"column-8\">5-room<\/td>\n<\/tr>\n<tr class=\"row-6\">\n\t<td class=\"column-1\">01\/2024<\/td><td class=\"column-2\">Lorong 1A Toa Payoh<\/td><td class=\"column-3\">139A<\/td><td class=\"column-4\">40 &#8211; 42 <\/td><td class=\"column-5\">1,259<\/td><td class=\"column-6\">S$1.569 M<\/td><td class=\"column-7\">S$1,246<\/td><td class=\"column-8\">5-room<\/td>\n<\/tr>\n<tr class=\"row-7\">\n\t<td class=\"column-1\">07\/2024<\/td><td class=\"column-2\">Jalan Ma&#8217;mor<\/td><td class=\"column-3\">53<\/td><td class=\"column-4\">1 &#8211; 3 <\/td><td class=\"column-5\">3,950<\/td><td class=\"column-6\">S$1.568 M<\/td><td class=\"column-7\">S$396<\/td><td class=\"column-8\">3-room<\/td>\n<\/tr>\n<tr class=\"row-8\">\n\t<td class=\"column-1\">07\/2024<\/td><td class=\"column-2\">Bishan Street 24<\/td><td class=\"column-3\">275A<\/td><td class=\"column-4\">37-39<\/td><td class=\"column-5\">1,292<\/td><td class=\"column-6\">S$1.568 M<\/td><td class=\"column-7\">S$1,213<\/td><td class=\"column-8\">5-room<\/td>\n<\/tr>\n<tr class=\"row-9\">\n\t<td class=\"column-1\">11\/2024<\/td><td class=\"column-2\">Dover Crescent<\/td><td class=\"column-3\">28A<\/td><td class=\"column-4\">37 &#8211; 39 <\/td><td class=\"column-5\">1,335<\/td><td class=\"column-6\">S$1.55 M<\/td><td class=\"column-7\">S$1,161<\/td><td class=\"column-8\">5-room<\/td>\n<\/tr>\n<tr class=\"row-10\">\n\t<td class=\"column-1\">11\/2024<\/td><td class=\"column-2\">Cantonment Road<\/td><td class=\"column-3\">1D<\/td><td class=\"column-4\">43 &#8211; 45 <\/td><td class=\"column-5\">1,130<\/td><td class=\"column-6\">S$1.543 M<\/td><td class=\"column-7\">S$1,365<\/td><td class=\"column-8\">5-room<\/td>\n<\/tr>\n<tr class=\"row-11\">\n\t<td class=\"column-1\">01\/2024<\/td><td class=\"column-2\">Lorong 1A Toa Payoh<\/td><td class=\"column-3\">138C<\/td><td class=\"column-4\">31 &#8211; 33 <\/td><td class=\"column-5\">1,259<\/td><td class=\"column-6\">S$1.54 M<\/td><td class=\"column-7\">S$1,223<\/td><td class=\"column-8\">5-room<\/td>\n<\/tr>\n<tr class=\"row-12\">\n\t<td class=\"column-1\">06\/2024<\/td><td class=\"column-2\">Lorong 1A Toa Payoh<\/td><td class=\"column-3\">139A<\/td><td class=\"column-4\">31 &#8211; 33 <\/td><td class=\"column-5\">1,259<\/td><td class=\"column-6\">S$1.54 M<\/td><td class=\"column-7\">S$1,223<\/td><td class=\"column-8\">5-room<\/td>\n<\/tr>\n<tr class=\"row-13\">\n\t<td class=\"column-1\">10\/2024<\/td><td class=\"column-2\">Cantonment Road<\/td><td class=\"column-3\">1F<\/td><td class=\"column-4\">43 &#8211; 45<\/td><td class=\"column-5\">1,152<\/td><td class=\"column-6\">S$1.54 M<\/td><td class=\"column-7\">S$1,336<\/td><td class=\"column-8\">5-room<\/td>\n<\/tr>\n<tr class=\"row-14\">\n\t<td class=\"column-1\">12\/2024<\/td><td class=\"column-2\">Bishan Street 24<\/td><td class=\"column-3\">275A<\/td><td class=\"column-4\">31 &#8211; 33<\/td><td class=\"column-5\">1,292<\/td><td class=\"column-6\">S$1.539 M<\/td><td class=\"column-7\">S$1,191<\/td><td class=\"column-8\">5-room<\/td>\n<\/tr>\n<tr class=\"row-15\">\n\t<td class=\"column-1\">06\/2024<\/td><td class=\"column-2\">Bishan Street 24<\/td><td class=\"column-3\">275A<\/td><td class=\"column-4\">28 &#8211; 30 <\/td><td class=\"column-5\">1,292<\/td><td class=\"column-6\">S$1.538 M<\/td><td class=\"column-7\">S$1,190<\/td><td class=\"column-8\">5-room<\/td>\n<\/tr>\n<tr class=\"row-16\">\n\t<td class=\"column-1\">09\/2024<\/td><td class=\"column-2\">Cantonment Road<\/td><td class=\"column-3\">1D<\/td><td class=\"column-4\">37 &#8211; 39 <\/td><td class=\"column-5\">1,152<\/td><td class=\"column-6\">S$1.515 M<\/td><td class=\"column-7\">S$1,315<\/td><td class=\"column-8\">5-room<\/td>\n<\/tr>\n<tr class=\"row-17\">\n\t<td class=\"column-1\">05\/2024<\/td><td class=\"column-2\">Cantonment Road<\/td><td class=\"column-3\">1C<\/td><td class=\"column-4\">37 &#8211; 39 <\/td><td class=\"column-5\">1,141<\/td><td class=\"column-6\">S$1.515 M<\/td><td class=\"column-7\">S$1,327<\/td><td class=\"column-8\">5-room<\/td>\n<\/tr>\n<tr class=\"row-18\">\n\t<td class=\"column-1\">06\/2024<\/td><td class=\"column-2\">Lorong 1A Toa Payoh<\/td><td class=\"column-3\">138C<\/td><td class=\"column-4\">34 &#8211; 36 <\/td><td class=\"column-5\">1,227<\/td><td class=\"column-6\">S$1.504 M<\/td><td class=\"column-7\">S$1,225<\/td><td class=\"column-8\">5-room<\/td>\n<\/tr>\n<tr class=\"row-19\">\n\t<td class=\"column-1\">05\/2024<\/td><td class=\"column-2\">Bishan Street 24<\/td><td class=\"column-3\">286<\/td><td class=\"column-4\">22 &#8211; 24 <\/td><td class=\"column-5\">1,851<\/td><td class=\"column-6\">S$1.5 M<\/td><td class=\"column-7\">S$810<\/td><td class=\"column-8\">Executive<\/td>\n<\/tr>\n<tr class=\"row-20\">\n\t<td class=\"column-1\">06\/2024<\/td><td class=\"column-2\">Henderson Road<\/td><td class=\"column-3\">95C<\/td><td class=\"column-4\">40 &#8211; 42<\/td><td class=\"column-5\">1,216<\/td><td class=\"column-6\">S$1.5 M<\/td><td class=\"column-7\">S$1,233<\/td><td class=\"column-8\">5-room<\/td>\n<\/tr>\n<tr class=\"row-21\">\n\t<td class=\"column-1\">12\/2024<\/td><td class=\"column-2\">Lorong 1A Toa Payoh<\/td><td class=\"column-3\">139A<\/td><td class=\"column-4\">31 &#8211; 33<\/td><td class=\"column-5\">1,227<\/td><td class=\"column-6\">S$1.5 M<\/td><td class=\"column-7\">S$1,222<\/td><td class=\"column-8\">5-room<\/td>\n<\/tr>\n<tr class=\"row-22\">\n\t<td class=\"column-1\">10\/2024<\/td><td class=\"column-2\">Lorong 1A Toa Payoh<\/td><td class=\"column-3\">138B<\/td><td class=\"column-4\">31 &#8211; 33 <\/td><td class=\"column-5\">1,227<\/td><td class=\"column-6\">S$1.5 M<\/td><td class=\"column-7\">S$1,222<\/td><td class=\"column-8\">5-room<\/td>\n<\/tr>\n<tr class=\"row-23\">\n\t<td class=\"column-1\">11\/2024<\/td><td class=\"column-2\">Cantonment Road<\/td><td class=\"column-3\">1G<\/td><td class=\"column-4\">40 &#8211; 42 <\/td><td class=\"column-5\">1,141<\/td><td class=\"column-6\">S$1.5 M<\/td><td class=\"column-7\">S$1,314<\/td><td class=\"column-8\">5-room<\/td>\n<\/tr>\n<tr class=\"row-24\">\n\t<td class=\"column-1\">05\/2024<\/td><td class=\"column-2\">Bishan Street 24<\/td><td class=\"column-3\">275A<\/td><td class=\"column-4\">22 &#8211; 24<\/td><td class=\"column-5\">1,292<\/td><td class=\"column-6\">S$1.5 M<\/td><td class=\"column-7\">S$1,160<\/td><td class=\"column-8\">5-room<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<!-- #tablepress-91 from cache -->\r\n\r\n<\/p>\r\n<p>Interestingly, the S$1.5M milestone didn\u2019t creep in slowly; it entered with a bang. January 2024 saw two standout sales right at the start: one at S$1.569M and another at S$1.54M. This quick climb set the tone for what <i>seemed <\/i>like an unstoppable rise, yet the S$1.6M barrier remained untouched throughout the year, never even breaching the S$1.59M mark.<\/p>\r\n<p>\r\n\r\n<\/p>\r\n<p><span style=\"font-weight: 400;\">So, why didn\u2019t the market enter the S$1.6M milestone sooner? While there\u2019s no clear answer, it\u2019s possible that buyers saw this figure as somewhat of a psychological barrier. Perhaps the turn of the year brought a shift in sentiment \u2013 new year, new barrier?<\/span><\/p>\r\n<p>\r\n\r\n<\/p>\r\n<p>\r\n\r\n<\/p>\r\n<h2 id=\"h-is-it-really-that-far-out-for-the-peak-toa-payoh-to-make-a-s-1-6m-sale\" class=\"wp-block-heading\"><b>Is it really that far out for The Peak @ Toa Payoh to make a S$1.6M sale?<\/b><\/h2>\r\n<p>\r\n\r\n<\/p>\r\n<p>\r\n\r\n<\/p>\r\n<p><span style=\"font-weight: 400;\">In short, no.\u00a0<\/span><\/p>\r\n<p>\r\n\r\n<\/p>\r\n<p><span style=\"font-weight: 400;\">The Peak @ Toa Payoh has consistently been a top performer in the high-value resale market. Out of the 23 S$1.5M transactions recorded last year, 7 originated from this development, the highest count for any single project. Close competitors include <a href=\"https:\/\/www.99.co\/singapore\/hdb\/the-pinnacle-duxton-de84zoRNJ9gpzbow3a7N2CS3\" target=\"_blank\" rel=\"noreferrer noopener\">Pinnacle @ Duxton<\/a> with 5 transactions, <a href=\"https:\/\/www.99.co\/singapore\/hdb\/natura-loft-deMnx9k5zxYePhptWYw8hhKZ\" target=\"_blank\" rel=\"noreferrer noopener\">Natura Loft<\/a> with 4, and City Vue @ Henderson with 2. Given this track record, it\u2019s no surprise that The Peak was the one to break the record.<\/span><\/p>\r\n<p>\r\n\r\n<\/p>\r\n<p><span style=\"font-weight: 400;\">Additionally, The Peak\u2019s status as a DBSS project enhances its appeal. These flats, no longer produced, are known for their modern layouts, larger sizes, and upgraded aesthetics. With their exclusivity and better amenities, DBSS units often attract buyers willing to pay a premium, whether for personal use or investment.<\/span><\/p>\r\n<p>\r\n\r\n<\/p>\n    <section id=\"portal-widget-tab-panel-6aaaaefb7882b\" class=\"portal-widget-tab-panel\">\n        <div class=\"swiper-container\" id=\"swiper-container-6aaaaefb7882b\">\n                        <div class=\"row-title-widget\">\n                <div class=\"portal-widget-carousel-title-left\"><h4 class=\"portal-widget-title\">DBSS units for you (from S$600k)<\/h4><\/div>\n                <div class=\"portal-widget-carousel-title-right text-right\"><span class=\"portal-widget-see-all-link link-top\"><a href=\"\" class=\"nndc-open-app-link\" data-url=\"https:\/\/www.99.co\/singapore\/sale\/dbss?bathrooms=any&amp;composite_floor_level=any&amp;composite_furnishing=any&amp;composite_property_status=any&amp;composite_views=any&amp;features_and_amenities=any&amp;has_floor_plan=false&amp;keywords=dbss&amp;main_category=all&amp;page_num=1&amp;page_size=36&amp;path=%2Fsingapore%2Fsale%2Fdbss&amp;period_of_availability=any&amp;property_segments=residential&amp;query_coords=1.3039947%2C103.8298507&amp;query_limit=radius&amp;query_type=city&amp;rooms=any&amp;show_cluster_preview=true&amp;show_description=true&amp;show_internal_linking=true&amp;show_meta_description=true&amp;show_nearby=true&amp;sort_field=price&amp;sort_order=asc&amp;tenure=any&utm_source=blog&utm_medium=widget\">See all listings<\/a><\/span><\/div>\n            <\/div>\n                        <div class=\"portal-widget-carousel swiper-wrapper\">\n                                    <div class=\"portal-widget-carousel__card swiper-slide\">\n                                                <div class=\"card-image\">\n                            <img decoding=\"async\" src=\"https:\/\/pic2.99.co\/v3\/uMECk48eSm8AvcVjv7g3Ad?text=Ailsa+Ang&sampling=lanczos&version=1&height=600&width=800&mode=fill&quality=80&convert_if_png=true&signature=3573e0e97499e94acad181ea385473d37b7624c6\" alt=\"640 Choa Chu Kang Street 64 Photo\">\n                        <\/div>\n                        <div class=\"card-description\">\n                            <div class=\"card-text card-title\">640 Choa Chu Kang Street 64<\/div>\n                            <div class=\"card-text card-subtitle\">Singapore 680640 \u00b7 D23<\/div>\n                            <div class=\"card-text card-room\">\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bed-icon.svg\" alt=\"bedroom\">\n                                    <span>2<\/span>\n                                <\/div>\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bath-icon.svg\" alt=\"bathroom\">\n                                    <span>2<\/span>\n                                <\/div>\n                                <div >\n                                    <span>1,076 sqft<\/span>\n                                <\/div>\n                            <\/div>\n                            <div class=\"card-text card-price\">S$ 638,000<\/div>\n                        <\/div>\n                        <div class=\"card-button\">\n                            <button class=\"btn-view-listing nndc-open-app-link\" data-url=\"https:\/\/www.99.co\/singapore\/sale\/property\/640-choa-chu-kang-street-64-hdb-9dzDvyghAaVqmgCvhXtgME?utm_source=blog&utm_medium=widget\">View this listing<\/button>\n                        <\/div>\n                    <\/div>\n                                    <div class=\"portal-widget-carousel__card swiper-slide\">\n                                                <div class=\"card-image\">\n                            <img decoding=\"async\" src=\"https:\/\/pic2.99.co\/v3\/wBZUt9tYeNmCxQNHnYvbr2?text=Linda+Yang&sampling=lanczos&version=1&height=600&width=800&mode=fill&quality=80&convert_if_png=true&signature=a2a76b8322b282c53c1dd1c5bf6a821e31796839\" alt=\"631 Senja Road Photo\">\n                        <\/div>\n                        <div class=\"card-description\">\n                            <div class=\"card-text card-title\">631 Senja Road<\/div>\n                            <div class=\"card-text card-subtitle\">Singapore 670631 \u00b7 D23<\/div>\n                            <div class=\"card-text card-room\">\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bed-icon.svg\" alt=\"bedroom\">\n                                    <span>3<\/span>\n                                <\/div>\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bath-icon.svg\" alt=\"bathroom\">\n                                    <span>2<\/span>\n                                <\/div>\n                                <div >\n                                    <span>969 sqft<\/span>\n                                <\/div>\n                            <\/div>\n                            <div class=\"card-text card-price\">S$ 650,000<\/div>\n                        <\/div>\n                        <div class=\"card-button\">\n                            <button class=\"btn-view-listing nndc-open-app-link\" data-url=\"https:\/\/www.99.co\/singapore\/sale\/property\/631-senja-road-hdb-CyqdzyQAhXDWoV9f7csgSo?utm_source=blog&utm_medium=widget\">View this listing<\/button>\n                        <\/div>\n                    <\/div>\n                                    <div class=\"portal-widget-carousel__card swiper-slide\">\n                                                <div class=\"card-image\">\n                            <img decoding=\"async\" src=\"https:\/\/pic2.99.co\/v3\/WMfdhZ3XzvK4UwrXMQyNbW?text=LUQMAN&sampling=lanczos&version=1&height=600&width=800&mode=fill&quality=80&convert_if_png=true&signature=5d516fc6c3f40cd8437a35da87aae79628d7758d\" alt=\"311C Clementi Avenue 4 Photo\">\n                        <\/div>\n                        <div class=\"card-description\">\n                            <div class=\"card-text card-title\">311C Clementi Avenue 4<\/div>\n                            <div class=\"card-text card-subtitle\">Singapore 123311 \u00b7 D5<\/div>\n                            <div class=\"card-text card-room\">\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bed-icon.svg\" alt=\"bedroom\">\n                                    <span>2<\/span>\n                                <\/div>\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bath-icon.svg\" alt=\"bathroom\">\n                                    <span>2<\/span>\n                                <\/div>\n                                <div >\n                                    <span>646 sqft<\/span>\n                                <\/div>\n                            <\/div>\n                            <div class=\"card-text card-price\">S$ 660,000<\/div>\n                        <\/div>\n                        <div class=\"card-button\">\n                            <button class=\"btn-view-listing nndc-open-app-link\" data-url=\"https:\/\/www.99.co\/singapore\/sale\/property\/311c-clementi-avenue-4-hdb-4LM3vkgx2oFNDxbPpesSgj?utm_source=blog&utm_medium=widget\">View this listing<\/button>\n                        <\/div>\n                    <\/div>\n                                    <div class=\"portal-widget-carousel__card swiper-slide\">\n                                                <div class=\"card-image\">\n                            <img decoding=\"async\" src=\"https:\/\/pic2.99.co\/v3\/5pgXWu7ix4GVnypE6vJyZ4?text=Brian+Cai&sampling=lanczos&version=1&height=600&width=800&mode=fill&quality=80&convert_if_png=true&signature=1b4d165cbf32c06964e9aadb849d939f7eec60ef\" alt=\"747A Bedok Reservoir Crescent Photo\">\n                        <\/div>\n                        <div class=\"card-description\">\n                            <div class=\"card-text card-title\">747A Bedok Reservoir Crescent<\/div>\n                            <div class=\"card-text card-subtitle\">Singapore 471747 \u00b7 D16<\/div>\n                            <div class=\"card-text card-room\">\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bed-icon.svg\" alt=\"bedroom\">\n                                    <span>2<\/span>\n                                <\/div>\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bath-icon.svg\" alt=\"bathroom\">\n                                    <span>2<\/span>\n                                <\/div>\n                                <div >\n                                    <span>721 sqft<\/span>\n                                <\/div>\n                            <\/div>\n                            <div class=\"card-text card-price\">S$ 670,000<\/div>\n                        <\/div>\n                        <div class=\"card-button\">\n                            <button class=\"btn-view-listing nndc-open-app-link\" data-url=\"https:\/\/www.99.co\/singapore\/sale\/property\/747a-bedok-reservoir-crescent-hdb-kghd8HZXjYQMTMEbe9pFRY?utm_source=blog&utm_medium=widget\">View this listing<\/button>\n                        <\/div>\n                    <\/div>\n                                    <div class=\"portal-widget-carousel__card swiper-slide\">\n                                                <div class=\"card-image\">\n                            <img decoding=\"async\" src=\"https:\/\/pic2.99.co\/v3\/yanhDkE2RSLbDWV7C5n6Nc?text=Angela+Chua&sampling=lanczos&version=1&height=600&width=800&mode=fill&quality=80&convert_if_png=true&signature=b7f59e2ae86be7ce5f9f8869cc542aca0e11e310\" alt=\"311B Clementi Avenue 4 Photo\">\n                        <\/div>\n                        <div class=\"card-description\">\n                            <div class=\"card-text card-title\">311B Clementi Avenue 4<\/div>\n                            <div class=\"card-text card-subtitle\">Singapore 122311 \u00b7 D5<\/div>\n                            <div class=\"card-text card-room\">\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bed-icon.svg\" alt=\"bedroom\">\n                                    <span>2<\/span>\n                                <\/div>\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bath-icon.svg\" alt=\"bathroom\">\n                                    <span>2<\/span>\n                                <\/div>\n                                <div >\n                                    <span>646 sqft<\/span>\n                                <\/div>\n                            <\/div>\n                            <div class=\"card-text card-price\">S$ 685,000<\/div>\n                        <\/div>\n                        <div class=\"card-button\">\n                            <button class=\"btn-view-listing nndc-open-app-link\" data-url=\"https:\/\/www.99.co\/singapore\/sale\/property\/311b-clementi-avenue-4-hdb-fU9UwRTf6aYgFmvMotL5JT?utm_source=blog&utm_medium=widget\">View this listing<\/button>\n                        <\/div>\n                    <\/div>\n                                    <div class=\"portal-widget-carousel__card swiper-slide\">\n                                                <div class=\"card-image\">\n                            <img decoding=\"async\" src=\"https:\/\/pic2.99.co\/v3\/CRVkfyu76ETSwSoGnwhne8?text=LIM+HUI+JING+JASMINE&sampling=lanczos&version=1&height=600&width=800&mode=fill&quality=80&convert_if_png=true&signature=ae41cda8fb14ff9c17c86399022a3c9e16a73546\" alt=\"748A Bedok Reservoir Crescent Photo\">\n                        <\/div>\n                        <div class=\"card-description\">\n                            <div class=\"card-text card-title\">748A Bedok Reservoir Crescent<\/div>\n                            <div class=\"card-text card-subtitle\">Singapore 471748 \u00b7 D16<\/div>\n                            <div class=\"card-text card-room\">\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bed-icon.svg\" alt=\"bedroom\">\n                                    <span>2<\/span>\n                                <\/div>\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bath-icon.svg\" alt=\"bathroom\">\n                                    <span>2<\/span>\n                                <\/div>\n                                <div >\n                                    <span>710 sqft<\/span>\n                                <\/div>\n                            <\/div>\n                            <div class=\"card-text card-price\">S$ 688,000<\/div>\n                        <\/div>\n                        <div class=\"card-button\">\n                            <button class=\"btn-view-listing nndc-open-app-link\" data-url=\"https:\/\/www.99.co\/singapore\/sale\/property\/748a-bedok-reservoir-crescent-hdb-7zexxebwxVLwWAVW363w9z?utm_source=blog&utm_medium=widget\">View this listing<\/button>\n                        <\/div>\n                    <\/div>\n                                    <div class=\"portal-widget-carousel__card swiper-slide\">\n                                                <div class=\"card-image\">\n                            <img decoding=\"async\" src=\"https:\/\/pic2.99.co\/v3\/UMKk72o3zL6jiqjvSeigYf?text=Algin+Tan&sampling=lanczos&version=1&height=600&width=800&mode=fill&quality=80&convert_if_png=true&signature=a3f3c5eb7d4880c637007330a5f83119dd4373bd\" alt=\"520A Tampines Central 8 Photo\">\n                        <\/div>\n                        <div class=\"card-description\">\n                            <div class=\"card-text card-title\">520A Tampines Central 8<\/div>\n                            <div class=\"card-text card-subtitle\">Singapore 521520 \u00b7 D18<\/div>\n                            <div class=\"card-text card-room\">\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bed-icon.svg\" alt=\"bedroom\">\n                                    <span>2<\/span>\n                                <\/div>\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bath-icon.svg\" alt=\"bathroom\">\n                                    <span>2<\/span>\n                                <\/div>\n                                <div >\n                                    <span>667 sqft<\/span>\n                                <\/div>\n                            <\/div>\n                            <div class=\"card-text card-price\">S$ 688,000<\/div>\n                        <\/div>\n                        <div class=\"card-button\">\n                            <button class=\"btn-view-listing nndc-open-app-link\" data-url=\"https:\/\/www.99.co\/singapore\/sale\/property\/520a-tampines-central-8-hdb-DhSSW5wcXnTAyAW2ziM9Bh?utm_source=blog&utm_medium=widget\">View this listing<\/button>\n                        <\/div>\n                    <\/div>\n                                    <div class=\"portal-widget-carousel__card swiper-slide\">\n                                                <div class=\"card-image\">\n                            <img decoding=\"async\" src=\"https:\/\/pic2.99.co\/v3\/28qFZRpebz8tMvDUq5cApY?text=Jay+Loy&sampling=lanczos&version=1&height=600&width=800&mode=fill&quality=80&convert_if_png=true&signature=37a0e7eda449097b77e87d82878618bb5f55bb4a\" alt=\"347B Yishun Avenue 11 Photo\">\n                        <\/div>\n                        <div class=\"card-description\">\n                            <div class=\"card-text card-title\">347B Yishun Avenue 11<\/div>\n                            <div class=\"card-text card-subtitle\">Singapore 762347 \u00b7 D27<\/div>\n                            <div class=\"card-text card-room\">\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bed-icon.svg\" alt=\"bedroom\">\n                                    <span>3<\/span>\n                                <\/div>\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bath-icon.svg\" alt=\"bathroom\">\n                                    <span>2<\/span>\n                                <\/div>\n                                <div >\n                                    <span>990 sqft<\/span>\n                                <\/div>\n                            <\/div>\n                            <div class=\"card-text card-price\">S$ 688,888<\/div>\n                        <\/div>\n                        <div class=\"card-button\">\n                            <button class=\"btn-view-listing nndc-open-app-link\" data-url=\"https:\/\/www.99.co\/singapore\/sale\/property\/347b-yishun-avenue-11-hdb-2CoEmejfBJoXVdB5HmGWDq?utm_source=blog&utm_medium=widget\">View this listing<\/button>\n                        <\/div>\n                    <\/div>\n                                    <div class=\"portal-widget-carousel__card swiper-slide\">\n                            <div class=\"portal-widget-formatted-tags\">\n            <\/div>\n                        <div class=\"card-image\">\n                            <img decoding=\"async\" src=\"https:\/\/pic2.99.co\/v3\/3EH5SY5SKypUGE4RBfUKAP?text=Alvin+Tyh&sampling=lanczos&version=1&height=600&width=800&mode=fill&quality=80&convert_if_png=true&signature=9b533501a4816d23c5157eeb347663d64aa86e19\" alt=\"530A Pasir Ris Drive 1 Photo\">\n                        <\/div>\n                        <div class=\"card-description\">\n                            <div class=\"card-text card-title\">530A Pasir Ris Drive 1<\/div>\n                            <div class=\"card-text card-subtitle\">Singapore 511530 \u00b7 D18<\/div>\n                            <div class=\"card-text card-room\">\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bed-icon.svg\" alt=\"bedroom\">\n                                    <span>2<\/span>\n                                <\/div>\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bath-icon.svg\" alt=\"bathroom\">\n                                    <span>2<\/span>\n                                <\/div>\n                                <div >\n                                    <span>700 sqft<\/span>\n                                <\/div>\n                            <\/div>\n                            <div class=\"card-text card-price\">S$ 708,000<\/div>\n                        <\/div>\n                        <div class=\"card-button\">\n                            <button class=\"btn-view-listing nndc-open-app-link\" data-url=\"https:\/\/www.99.co\/singapore\/sale\/property\/530a-pasir-ris-drive-1-hdb-SvLtkPVs6fyeBG86PfULNw?utm_source=blog&utm_medium=widget\">View this listing<\/button>\n                        <\/div>\n                    <\/div>\n                                    <div class=\"portal-widget-carousel__card swiper-slide\">\n                                                <div class=\"card-image\">\n                            <img decoding=\"async\" src=\"https:\/\/pic2.99.co\/v3\/LRP8XvEJqdpMZobwdNJDYo?text=Jeremy+Tan&sampling=lanczos&version=1&height=600&width=800&mode=fill&quality=80&convert_if_png=true&signature=787535d74b5843b3157fec0ef3a9935af624712f\" alt=\"138A Yuan Ching Road Photo\">\n                        <\/div>\n                        <div class=\"card-description\">\n                            <div class=\"card-text card-title\">138A Yuan Ching Road<\/div>\n                            <div class=\"card-text card-subtitle\">Singapore 611138 \u00b7 D22<\/div>\n                            <div class=\"card-text card-room\">\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bed-icon.svg\" alt=\"bedroom\">\n                                    <span>3<\/span>\n                                <\/div>\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bath-icon.svg\" alt=\"bathroom\">\n                                    <span>2<\/span>\n                                <\/div>\n                                <div >\n                                    <span>958 sqft<\/span>\n                                <\/div>\n                            <\/div>\n                            <div class=\"card-text card-price\">S$ 730,000<\/div>\n                        <\/div>\n                        <div class=\"card-button\">\n                            <button class=\"btn-view-listing nndc-open-app-link\" data-url=\"https:\/\/www.99.co\/singapore\/sale\/property\/138a-yuan-ching-road-hdb-WbrCH2K6B4azL8kYW8Gvbu?utm_source=blog&utm_medium=widget\">View this listing<\/button>\n                        <\/div>\n                    <\/div>\n                            <\/div>\n            <!-- Add Arrows -->\n            <div class=\"swiper-button-next\"><\/div>\n            <div class=\"swiper-button-prev\"><\/div>\n                    <\/div>\n    <\/section>\n\n<p>&nbsp;<\/p>\n<p>\n\r\n\r\n<\/p>\r\n<p>Location is another crucial factor. The Peak @ Toa Payoh, situated in the <a href=\"https:\/\/www.99.co\/singapore\/insider\/property-jargon-of-the-day-core-central-region-ccr\/\" target=\"_blank\" rel=\"noopener\">Core Central Region (CCR)<\/a>, offers proximity to schools and convenient access to <span style=\"font-weight: 400;\"><a href=\"https:\/\/www.99.co\/singapore\/glossary\/mrt-map-sg\/\" target=\"_blank\" rel=\"noreferrer noopener\">MRT stations <\/a><\/span>via <a href=\"https:\/\/www.99.co\/singapore\/sale\/condos-apartments\/braddell-mrt?bathrooms=any&amp;composite_floor_level=any&amp;composite_furnishing=any&amp;composite_property_status=any&amp;composite_views=any&amp;features_and_amenities=any&amp;has_floor_plan=false&amp;main_category=all&amp;name=Braddell&amp;page_num=1&amp;page_size=36&amp;path=%2Fsingapore%2Fsale%2Fcondos-apartments%2Fbraddell-mrt&amp;period_of_availability=any&amp;property_segments=residential&amp;query_coords=1.340293%2C103.845244&amp;query_ids=sg-mrt-braddell&amp;query_name=Braddell&amp;query_text=Braddell&amp;query_type=subway_station&amp;radius_max=1000&amp;rooms=any&amp;show_cluster_preview=true&amp;show_description=true&amp;show_internal_linking=true&amp;show_meta_description=true&amp;show_nearby=true&amp;sort_field=relevance&amp;sort_order=desc&amp;tenure=any&amp;zoom=15\" target=\"_blank\" rel=\"noopener\">Braddell<\/a> and <a href=\"https:\/\/www.99.co\/singapore\/mrt-stations\/toa-payoh%20mrt\" target=\"_blank\" rel=\"noopener\">Toa Payoh MRT stations<\/a>, making it highly accessible for residents to commute across Singapore.<\/p>\r\n<p>\r\n\r\n<\/p>\r\n<p><span style=\"font-weight: 400;\">Finally, the project has a history of high expectations. In April last year, a unit at The Peak @ Toa Payoh was listed for a staggering S$2M, sparking public debate. While the listing was eventually withdrawn due to its unrealistic price, the fact that such a price was even attempted speaks volumes about the perceived value of this development.<\/span><\/p>\r\n<p style=\"border: 2px solid black; padding: 10px;\"><em><strong>Read more:<\/strong><\/em>\u00a0<a href=\"https:\/\/www.99.co\/singapore\/insider\/s2m-hdb-listing-the-peaktoa-payoh\/\" target=\"_blank\" rel=\"noreferrer noopener\">The S$2M HDB listing in The Peak@Toa Payoh \u2013 ambitious or inevitable?<\/a><\/p>\r\n<p>\r\n\r\n<\/p>\r\n<p><span style=\"font-weight: 400;\">However, the buyers may have paid a significant amount in <a href=\"https:\/\/www.99.co\/singapore\/insider\/cash-over-valuation-cov-hdb\/\" target=\"_blank\" rel=\"noreferrer noopener\">Cash Over Valuation (COV).<\/a> According to <a href=\"https:\/\/www.99.co\/singapore\/property-agent-hub\/researcher\" target=\"_blank\" rel=\"noreferrer noopener\">99.co\u2019s Researcher<\/a> and <a href=\"https:\/\/www.99.co\/singapore\/property-value-tool\" target=\"_blank\" rel=\"noreferrer noopener\">Property Valuation Tool<\/a>, the average price for 5-room units at The Peak @ Toa Payoh is around S$1.3M. This suggests that the buyer of this S$1.6M unit may have paid a COV of approximately S$300,000.<\/span><\/p>\r\n<p>\r\n\r\n<\/p>\r\n<p><span style=\"font-weight: 400;\">For those unfamiliar, COV arises when the resale price exceeds HDB\u2019s valuation of the flat. Buyers must pay this difference in cash upfront, as it cannot be covered by grants, CPF, or housing loans.<\/span><\/p>\r\n<p>\r\n\r\n<\/p>\r\n<p><span style=\"font-weight: 400;\">When purchasing a <a href=\"https:\/\/www.99.co\/singapore\/sale\/hdb\" target=\"_blank\" rel=\"noreferrer noopener\">resale HDB flat<\/a>, buyers must submit a valuation request to HDB after agreeing on the price with the seller and paying the option fee. If the valuation comes in lower than the agreed price, as in this case, the buyer has to cover the shortfall with COV. In this instance, if the unit sold for S$1.6M but was valued at S$1.3M, the buyer would have had to pay the S$300,000 difference upfront.<\/span><\/p>\r\n<p>\r\n\r\n<\/p>\r\n<p>\r\n\r\n<\/p>\r\n<h2 id=\"h-could-this-record-sustain-through-the-year-or-will-another-sale-break-through\" class=\"wp-block-heading\"><b>Could this record sustain through the year, or will another sale break through?<\/b><\/h2>\r\n<p>\r\n\r\n<\/p>\r\n<p>\r\n\r\n<\/p>\r\n<p><span style=\"font-weight: 400;\">Will the S$1.6M milestone hold steady throughout 2025, or could we see more sales crossing S$1.7M? Honestly, given that this transaction occurred at the year&#8217;s start, it seems unlikely that we won\u2019t see more records being set as the year progresses.<\/span><\/p>\r\n<p>\r\n\r\n<\/p>\r\n<p><span style=\"font-weight: 400;\">Last year alone saw several high-value sales. However, as mentioned in <a href=\"https:\/\/www.99.co\/singapore\/insider\/singapore-property-market-review-2024-2025\/\" target=\"_blank\" rel=\"noreferrer noopener\">our Year-End Review<\/a>, if condominiums regain favour due to decreasing SORA rates and improved affordability, the million-dollar HDB market may experience a slowdown. Buyers may begin to reassess the appeal of older HDB flats against the amenities and investment potential of private properties.<\/span><\/p>\r\n<p style=\"border: 2px solid black; padding: 10px;\"><em><strong>Read more:<\/strong><\/em>\u00a0<a href=\"https:\/\/www.99.co\/singapore\/insider\/singapore-property-market-review-2024-2025\/\" target=\"_blank\" rel=\"noreferrer noopener\">Singapore Property Market Year-End Review 2024 And 2025 Outlook<\/a><\/p>\r\n<p>\r\n\r\n<\/p>\r\n<p>\r\n\r\n<\/p>\r\n<h2 id=\"h-what-do-you-think-will-we-see-more-s-1-7m-record-this-year-share-your-thoughts-in-the-comments-section-below-or-on-our-facebook-page\" class=\"wp-block-heading\"><strong>What do you think? Will we see more S$1.7M record this year? Share your thoughts in the comments section below or on <a href=\"https:\/\/www.facebook.com\/99dotco\/\" target=\"_blank\" rel=\"noreferrer noopener\">our Facebook page<\/a>.<\/strong><\/h2>\r\n<p><\/p>","protected":false},"excerpt":{"rendered":"<p>This time, apart from the national record transaction at Margaret Drive, a\u00a0Design, Build and Sell (DBSS) flat\u00a0in\u00a0The Peak @ Toa Payoh\u00a0has crossed\u00a0the S$1.5 million barrier that dominated sales throughout 2024, making it Singapore\u2019s first S$1.6M transaction. The first S$1.6M HDB resale transaction The transaction in question involved a property at The Peak @ Toa Payoh,&hellip;<\/p>\n","protected":false},"author":141,"featured_media":81549,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_relevanssi_hide_post":"","_relevanssi_hide_content":"","_relevanssi_pin_for_all":"","_relevanssi_pin_keywords":"","_relevanssi_unpin_keywords":"","_relevanssi_related_keywords":"","_relevanssi_related_include_ids":"","_relevanssi_related_exclude_ids":"","_relevanssi_related_no_append":"","_relevanssi_related_not_related":"","_relevanssi_related_posts":"","_relevanssi_noindex_reason":"","_lmt_disableupdate":"no","_lmt_disable":"no","_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[53631,53643,57131],"tags":[58996,54773,59273,53644,59272,54725],"persona":[57127,57128],"class_list":{"2":"type-post","18":"entry","19":"has-post-thumbnail"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v25.7.1 (Yoast SEO v25.7) - 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