Million-dollar HDB flats might have been the talk of the town a few years back, but nowadays, it has become quite the norm especially when looking at the usual suspects (like Tanjong Pagar and Toa Payoh). While this is not a conversation on affordability, expensive flats like these naturally comes with highly coveted perks. This might include high ceilings, unblocked.
While some HDB estates are seeing moderating prices in 2023, one fact remains unshaken: for homeowners seeking a long-term stay in an HDB property and finding the wait for a BTO untenable, targeting flats that have just reached their Minimum Occupation Period (MOP) is still the most viable move. With market dynamics being influenced by various factors, from high interest.
Today, we're at the Jervois neighbourhood, which is my favourite out of all I've toured so far. The first time I realised there were more 'affordable' terrace houses in the area was when I visited a work colleague. Before that, I'd always associated the area with sprawling mansions and large villa-style GCBs (Good Class Bungalows)! Indeed, driving to Jervois Ville.
The proliferation of million-dollar flats in the past decade is nothing short of incredible. Keep in mind that the first million-dollar flat, at Mei Ling Street in Queenstown, was only in 2012; and it was an eye-opener at the time. Today, there were around 259 such transactions in 2021 alone; and the latest Tiong Bahru View sold for $1.158 million.
The thing about going for a BTO flat is that since the flats aren't built yet, you won't be able to see the exact locations of the flats. (This is unlike opting for a resale flat, whereby you get to see its location and where it's facing.) Besides visiting the actual BTO site, one way to figure out which unit.