A high floor 5-room DBSS flat at The Peak @ Toa Payoh was transacted for $1,238,000 ($1,009 psf) last week, the highest recorded transaction for public housing in Toa Payoh. This transaction also broke the psychological $1,000 psf mark for a HDB unit for the very first time in this town.
Located in one of Singapore’s matured housing estates, The Peak @ Toa Payoh is a public housing project comprising five 40- to 46-storey blocks of 1,245 residential units, served by a connected multi-storey car park with rooftop communal areas.
In planning the site, an internal driveway is designed to connect the blocks with dedicated drop-off points. Linkways provide accessibility for the blocks to the multi-storey car park and the external street. In planning the residential blocks, they are diagonally orientated to avoid the direct sun-path, while at the same time achieve maximum surrounding views and unit privacy. Mid-tower sky terraces are introduced to both enhance the façade design and cater to the recreational needs of the residents.
Developed as part of the Design, Build & Sell Scheme, these three towers comprising 714 public housing units soar 40 storeys high. Prefabricated RC panels complete with window frames are used to achieve a super-smooth finish while windows for the corners of the buildings render a more dramatic effect. Generously apportioned balconies offer semi-outdoor reprieve in a high-rise living environment.
The 714-unit City View @ Boon Keng DBSS was completed in 2011, and flats there were sold consistently for over a million dollars these few years. City View @ Boon Keng’s record-breaking transactions are attributed to its city-fringe location, unblocked views of Kallang, spacious layout, and proximity to Bendemeer MRT Station on the Downtown Line and Boon Keng MRT Station on the North-East Line.
City View @ Boon Keng DBSS is popular because it is a newer development located among ageing counterparts in a mature estate and is in close proximity to two MRT stations - Bendemeer on the Downtown Line and Boon Keng on the North-East Line.
Natura Loft is a HDB DBSS development set in the heart of a popular Bishan. With innovative and unique layouts, one of a kind finishings, and breathtaking views of the city, this is one project you have to see to believe. Natura Loft brings together the best of both worlds, combining all the elegant touches of a private condominium with the many perks of public housing.
Besides its breezy views, Natura Loft's 5 room flat sizes are also slightly larger than the typical five-room flats today. Its coveted location at Bishan is served by Marymount MRT station and Bishan MRT station, Junction 8 mall and prestigious schools like Catholic High and Raffles Institution.
Natura Loft is the first DBSS Development to offer solid timber doors and high-quality bamboo-strip floorings and features specially built walls instead of pre-fabricated slabs with the higher floor units offering panoramic views of the sea and the Singapore Flyer. All units are North-South Facing.
Natura Loft currently holds the record as the most expensive HDB resale unit @ $1.295 mil.
Soaring above the skyline of the neighbourhood, The Pinnacle @ Duxton is a testament to our nation’s innovative approach to urban planning and public housing. Built on the site of Singapore’s oldest Housing Development Board (HDB) blocks, its design and construction both revitalises the area and commemorates its historical significance. A design competition was held and won by two local architectural firms, who worked together to create simple and elegant residences, using precast technology.
Completed in 2009, the Pinnacle@Duxton stands out as an example of how HDB confronts the challenges of meeting housing needs in an urban setting. Its seven 50-storey high towers rise as high as skyscrapers and are linked at the 26th and 50th levels by sky-bridges. It is the HDB’s first residential project with sky bridges connecting the towers. Each skybridge is home to a 500-metre-long sky garden. In fact, a few records are set by Pinnacle@Duxton: the world’s tallest public housing development and longest sky gardens. The 50th-storey skybridge is open to the public, and for a charge of S$6 you can enjoy stunning views of the city. More information can be found here.
Kiwi Lim from Huttons Asia said buyers are looking for bigger flats in convenient locations especially when we are spending more time at home and near home due to Covid and WFH. These 5 room flats - The Peak @ Toa Payoh, Natura Loft at Bishan, City Ciew @ Boon Keng & The Pinnacle @ Duxton are quality HDB projects in very premium locations like the matured estate of Toa Payoh, Bishan, Boon Keng and needless to say Tanjong Pagar - the CBD area of Singapore. Buyers are not willing to wait longer period for new BTOs of possibly up to 8 years due to construction delays brought about by Covid. Some younger couples compare the rising prices of new / resale condos in the vicinity and immediately decided to settle on a resale HDB flat as their first matrimonial home.
With a total of 106 HDB resale flats sold for over S$1m in the first half of this year 2021, HDB buyers may have overcome the psychological barrier of $1,000 psf for resale HDB flats in rare exceptionally good locations.