Flat In Toa Payoh Sold At $980,000

Property News

Last Updated: Aug 05, 2016

Flat In Toa Payoh Sold At $980,000

Toa Payoh HDB flats
Credits: ST

This year June, an executive flat 1560.77 sqft of 23 years old in Toa Payoh was sold for a sweet sum of $980,000.

This whopping sum is comparable to those units sold at Pinnacle @ Duxton. The unit is between the tenth and twelfth storey of Block 101B Toa Payoh Lorong 2. Connectivity is superb here. This block is just minutes’ walk to the Braddel MRT station and is a 5-minute drive to Toa Payoh Central and Toa Payoh MRT station.

This unit is by far the most expensive one sold in Toa Payoh in 2016. This price is similar to the most expensive executive flat sold in Mar 2014 at a nearby Block 99B. Yet another executive flat located at a lower floor of Block 101B was sold in Mar 2016 and it hit the $910,000 mark.

For this year alone, 4 units have been sold in Toa Payoh for at least $900,000. They comprise 2 executive flats and 2 5-roomers. Last year, only 1 unit of 5-roomers was sold at a whopping $955,000. It is situated opposite the Toa Payoh MRT station.

What makes executive flats more sought-after is its huge space as compared to executive maisonette which has the staircase occupying quite a sizable amount of space. New Build-To-Order flats also come smaller in size, hence this makes executive flats from the 1990s rare and keenly sought-after.

(Credits: PG 2.8.16)

 

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