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Old 12-08-2016, 02:00 AM
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Thumbs up Serious Huat ah! Boon keng DBSS flat fetches 1.1m

An honorable member of the Coffee Shop Has Just Posted the Following:

City View DBSS flat fetches $1.1m

PUBLISHEDAUG 11, 2016, 5:00 AM SGT
FACEBOOK1,285TWITTERWHATSAPPEMAIL
Janice Heng
A five-room flat at City View @ Boon Keng has scored a record price of $1.1 million for a Design, Build and Sell Scheme (DBSS) development.

The record comes despite a depressed resale market, underscoring what housing experts say is a persistent demand by some buyers for premium units in central locations. Units that can command such sky-high prices are "outliers", they note.

The 28th-floor flat at City View in Kallang comes with views of the Sports Hub and the sea.

Its seller, who wants to be known only as Mr Tan, said: "I thought I could try my luck, because the location is very convenient."

The 35-year-old, who works in marketing, and his wife signed the option to purchase two weeks ago.


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