News > $1.5 million for a 5-room flat at The Peak @ Toa Payoh in August 2024

$1.5 million for a 5-room flat at The Peak @ Toa Payoh in August 2024

3 September 2024

A 5-room flat at Block 138B The Peak @ Toa Payoh HDB sold for $1.5 million

On August 21, 2024, a 5-room flat at Block 138B Lorong 1A Toa Payoh (The Peak @ Toa Payoh HDB) was sold for an impressive $1.5 million, translating to $1,222 per square foot (PSF). This unit, located on the 33rd floor and spanning 1,227 sqft, now ranks as the 5th most expensive transaction ever recorded within the project. It also marks the 5th transaction in 2024 at The Peak @ Toa Payoh to surpass the $1.5 million mark.

The earlier transactions that crossed this significant price threshold include:

$1.57 million for a 5-room flat on the 40-42 floor at Block 139A in January 2024.
$1.54 million for a 5-room flat on the 33rd floor at Block 139A in May 2024.
$1.54 million for a 5-room flat on the 31st floor at Block 138C in January 2024.
$1.5 million for a 5-room flat on the 34-36 floor at Block 138C in June 2024.

The Peak @ Toa Payoh , a Design, Build and Sell Scheme (DBSS) HDB development, is located along Lorong 1A Toa Payoh in District 12. Completed in 2012, the project consists of 7 blocks with a total of 1,203 units, ranging from 3- to 5-room flats. The average transacted price over the past 3 years has ranged between $885 and $988 PSF. This development is highly sought after due to its prime location, just a 7-minute walk from Toa Payoh, Braddell, and Caldecott MRT Stations (North-South Line).

DBSS units, built by private developers, are known for their unique external features and larger living spaces, yet they remain subject to the same regulations as standard HDB flats. The rarity, combined with their distinctive characteristics, contributes to the high demand and steep prices at The Peak @ Toa Payoh.

Image: The Peak @ Toa Payoh HDB on Map View. Source: RealInsight

A 5-room flat at Block 8C Kallang Trivista HDB sold for $1.33 million - setting new record

The second most expensive HDB transaction of the week occurred at Block 8C Upper Boon Keng Road (Kallang Trivista HDB) in District 14 (Kallang). A 5-room flat on the 10th floor, spanning 1,216 sqft, was sold for $1.33 million, translating to $1,093 PSF. This sale sets a new record for the development, surpassing the previous high of $1.3 million for a 4-room flat on the 28th floor, transacted in September 2023.

Kallang Trivista, built in 2017, has 92 years remaining on its lease and consists of 4 blocks with a total of 808 units. Offering 3- to 5-room flats, the average PSF in this development has ranged from $919 to $954 over the past 3 years. Its strategic location - within a 2-minute walk from Kallang MRT station, provides excellent connectivity, making it a highly desirable address.

Kallang Trivista also offers easy access to the famous Geylang road and Old Airport Road Food Centre, where you can indulge in a wide array of local delicacies. Kallang Wave Mall is nearby, offering extensive shopping and dining options, as well as fitness and sports facilities within the Singapore Sports Hub. Nature lovers will appreciate the proximity to Kallang Riverside Park, a tranquil green space perfect for jogging, cycling, or simply relaxing by the waterfront.

Image: Kallang Trivista HDB on Map View. Source: RealInsight

*Data is accurate as of the published date of this article.

*Disclaimer: Our real-time database is updated every time a transaction is submitted by an agency. While we strive to maintain the accuracy and completeness of the data, please note that transactions may not always be completed, and information provided may be subject to change or error.

All analytical and visually interpreted data in this report is powered by RealInsight, a powerful tool for property developers, investors and institutions. It offers a complete solution for development planning or portfolio building by providing access to real-time data regarding properties, developers, land sales and data analytics tool for market research and reports. Find out more about RealInsight here.

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$1.5 million for a 5-room flat at The Peak @ Toa Payoh in August 2024

A 5-room flat at Block 138B The Peak @ Toa Payoh HDB sold for $1.5 million

A 5-room flat at Block 8C Kallang Trivista HDB sold for $1.33 million - setting new record

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