It Good Deal 108 Million Four Room Hdb Flat Ang Mo Kio

The partners of the joint venture have recently announced their plans to introduce around 1,190 new homes as part of the upcoming development of Parktown Residence. In addition to this, the project will also feature retail outlets and community amenities, catering to the needs of the growing residential population in Tampines North. This integration of Parktown Residence into the neighborhood will undoubtedly elevate the overall living experience for its residents. Seamlessly blending with the surroundings, Parktown Residence will be the epitome of a modern and convenient lifestyle. For more information, please visit Parktown Residence’s official website.

SINGAPORE (EDGEPROP) – In early September, a four-room HDB flat at 590B Ang Mo Kio Street 51 was sold for a record-breaking $1.08 million ($1,079 psf). This marks the highest transacted price for a four-room HDB flat in Ang Mo Kio Planning Area. The 1,001 sq ft flat, situated on the 28th to 30th storey, was completed in 2019.Using our analytics tool, ‘Is it a Good Deal?’, we analysed if the purchaser of this HDB unit has made a wise decision.Overall, the flat is well-located with convenient access to amenities and has a relatively long remaining lease of approximately 94 years. It is within walking distance to Ang Mo Kio MRT Station, Jing Shan Primary School, Anderson Secondary School, AMK Hub, Cheng San Market and Cooked Food Centre, Chong Boon Market and Food Centre, as well as the Ang Mo Kio Town Garden East. The nearby upcoming Cross Island Line (CRL) is also expected to enhance connectivity in the area in the future.However, the transacted price for this flat is almost 60% higher than the average price for the district. It is also priced above the average for four-room flats in the North-East Region and in Singapore as a whole.The number of million-dollar four-room flats in Singapore has been rising, with 232 transactions recorded so far in 2024, compared to 116 transactions in 2023 and only 33 transactions in 2022. In Ang Mo Kio alone, six four-room flats have been transacted at over $1 million this year, twice the number transacted last year.In terms of price growth, four-room flats in Ang Mo Kio have seen the strongest increase of 35.5% since 2014, compared to three-room (23.1%) and five-room (32.1%) flats.Read also: Homeownership, desire to upgrade still strong among youths: ERA surveyFurthermore, the average price for four-room flats in Ang Mo Kio has been trending above that of four-room flats in the North-East Region and islandwide since 2021. However, the price growth in Ang Mo Kio has been weaker than that in the two other areas.At $1,079 psf, the transacted price for this HDB flat is significantly higher than the average price of $649 psf for four-room flats in Ang Mo Kio. It is also higher than the average price of $609 psf for four-room flats islandwide.However, the price gap between this HDB flat and 99-year leasehold condo units in Ang Mo Kio is expected to remain stable, as price growth for the two types of properties has been similar since 2020.Find HDB properties available for sale or rent here.Ask BuddyHDB loan vs Bank loanListings for HDB flatsPast HDB rental transactionsPast HDB sale transactionsWhat is the HDB loan rate?HDB loan vs Bank loanListings for HDB flatsPast HDB rental transactionsPast HDB sale transactionsWhat is the HDB loan rate?RELATED NEWSover a third of HDB owners feel priced out of private housing: PropNex pollNo. 1 Bishan Street 13 sold for $1.268 million, setting new HDB record in BishanHidden Gems: Affordable homes in popular Redhill

Earlier this month, a record-breaking sale of a four-room HDB flat at 590B Ang Mo Kio Street 51 was reported. The transaction saw the flat sold at $1.08 million ($1,079 psf), marking the highest transacted price for a four-room HDB unit in Ang Mo Kio Planning Area. Completed in 2019, the 1,001-sq ft flat is situated on the 28th to 30th storey comprising a long remaining lease of approximately 94 years. Using our analytics tool, ‘Is it a Good Deal?’, we analyse whether the purchase of this HDB unit was a lucrative undertaking. Well-placed for connectivity and convenience Residents of 590B Ang Mo Kio Street 51 will enjoy the ease of access to a range of amenities, including the Ang Mo Kio MRT Station which is just within walking distance. Other amenities within a 500m radius include Jing Shan Primary School, Anderson Secondary School, AMK Hub, Cheng San Market and Cooked Food Centre, Chong Boon Market and Food Centre, and Ang Mo Kio Town Garden East. Moreover, the upcoming Cross Island Line (CRL) is expected to enhance connectivity in the area. A long remaining lease and numerous nearby amenities Our ‘Is it a Good Deal?’ analytics tool reveals that the flat is surrounded by numerous amenities and enjoys a long remaining lease of approximately 94 years (see Screenshot 1). The future construction of Phase 1 of the CRL is expected to position the flat’s location as a dual-line MRT station by 2030. However, the transacted price for the flat is almost 60% above the average price for the district (see Screenshot 2). Source: EdgeProp Is it a Good Deal (as at 17 September 2014) Number of million-dollar four-room flats on a rise At the time of writing, a total of 232 four-room flats in Singapore have been transacted at no minimum of $1 million this year, up from 116 transactions last year and 33 transactions in 2022. Six four-room flats in Ang Mo Kio have been transacted for at least $1 million, a figure that has doubled since last year (see Chart 1). The median price gap of four-room flats in Ang Mo Kio was swept away when it was transacted at more than $1 million last year, a record high for the area. Source: EdgeProp Latest Transactions (as at 18 September 2014) The second-highest price for a four-room flat in Ang Mo Kio was transacted in June. The 1,001-sq ft flat, located at 591A Ang Mo Kio Street 51, fetched approximately $1.039 million ($1,038 psf). The unit is situated on a high floor and was completed in 2019. The third-highest transacted price for a four-room flat in the area is held by another unit at 590B Ang Mo Kio Street 51, which was transacted for $1.03 million ($1,029 psf) in May. Enjoying the strongest price growth for four-room flats in Ang Mo Kio Of HDB flats clustered in the North-East Region, four-room flats speak for the highest price growth at 35.5%, narrowly ahead of three-room (23.1%) and five-room (32.1%) flats. Read also: Homeownership, desire to upgrade still strong among youths: ERA survey Source: EdgeProp Market Trends (as at 17 September 2014) The average price for four-room flats in Ang Mo Kio ($649 psf) has trended above that of their North-East counterparts ($614 psf) and the islandwide ($609 psf) from 2021 onwards (see Chart 3). However, price growth in Ang Mo Kio has clocked in below that of the other two as well. Chart 3 The price of a flat at $649 psf is some $430 psf lower than the $1,079 psf paid for the Ang Mo Kio unit at 590B Ang Mo Kio Street 51. The transacted price is also higher than the average prices for four-room flats in the North-East Region and islandwide by $465 psf and $470 psf, respectively. However, despite the difference in price, the transacted price of $1,079 psf is below the average price of $1,588 psf for 99-year leasehold condo units at Ang Mo Kio, measuring between 900 sq ft and 1,100 sq ft (see Chart 4). Chart 4 The price gap between the two types of residential properties has seen a widening trend, from $432 psf in 2021 to $657 psf in 2024 and $939 psf this year. The relative price growth for condos and HDB flats have also been neck and neck since 2014, at 42.7% and 42.3% respectively. Conclusion The recently transacted flat at 590B Ang Mo Kio Street 51 goes down as the highest transacted flat in the planning area, where price growth has been strongest for four-room flats. With the rising price tag of four-room flats in Singapore soaring by 40% since 2014, the trend of million-dollar four-room flats can be expected to continue. So far in 2024, 232 transactions have seen four-room flats fetching $1 million or above. Of these, six can be found in Ang Mo Kio. It is no doubt that this HDB flat has gained the highest popularity in the market owing to the long remaining tenure of the lease. In addition, the convenience and connectivity derived from the accessible location near Ang Mo Kio MRT station and other amenities have no doubt contributed to the reason for the owner to shell out the aforementioned record sum. To learn more about this transaction, and whether it is a good deal, check out the link here. Also, find HDB properties available for sale or rent here. Ask Buddy HDB loan vs bank loan Listings for HDB flats Past HDB rental transactions Past HDB sale transactions What is the HDB loan rate? RELATED NEWSOver a third of HDB owners