If you’ve been following the property market, you’ve likely seen the rise of million-dollar HDB resale prices. At first, larger units – like 5-room flats, executive apartments, maisonettes, and jumbo flats – dominated the headlines with their hefty price tags.
However, as the market evolved, even 4-room flats began making waves with impressive sales figures. A recent sale of a 4-room flat in Toa Payoh for S$1.201 million has now made its mark, not only as the priciest in the entire project and estate, but also as one of the top 10 most expensive 4-room flats sold in Singapore (excluding Pinnacle @ Duxton transactions).
Table of contents The S$1,200,888 4-room unit in Toa Payoh Crest
This record-breaking 4-room flat is located in Block 130A along Lorong 1 Toa Payoh. Sitting somewhere between the 37th to 39th floors, this flat is part of a nearly 40-storey development, meaning the unit is on the higher end of the project. Being on such a high floor certainly contributed to its premium price.
With a size of 1,001 square feet, the flat was sold at a price of S$1,200,888, which breaks down to about S$1,199 per square foot (psf). Despite being located in an older estate, Toa Payoh Crest is relatively new, having just met its Minimum Occupation Period (MOP) in 2022. The lease for the project started in 2018, so buyers still have about 93 years left on the 99-year lease, making it quite attractive for potential homeowners or investors looking for long-term stability.
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This unit had a capital gain of almost 200%
When Toa Payoh Crest was first launched as a Build-To-Ordter (BTO) project, prices for 4-room flats started at S$428,000 (excluding grants). Assuming this flat was sold by its