News > Above $1.5 million HDBs sold at Tiong Bahru in April: Guan Chuan Street and Boon Tiong Road
Above $1.5 million HDBs sold at Tiong Bahru in April: Guan Chuan Street and Boon Tiong Road
9 May 2024
3-room HDB sold for $1.55 million at 76 Guan Chuan Street
On April 1st, 2024, based on RealInsight’s records, a 3-room unit on the first floor at 76 Guan Chuan Street spanning 1,141 sqft was sold for $1.55M, translating to $1,143 PSF. This transaction became the third most expensive HDB flat transaction of 2024, surpassing an 5-room unit at The Peak @ Toa Payoh, which was sold for $1.54 million on 19 January 2024.
Additionally, this unit has the second highest transacted price within 76 Guan Chuan Street. The highest transacted price still belongs to another 3-room unit the same floor, which was sold for $1.73 million in June 2015. The total area is 1,335 sqft, which translates to a PSF of $1,296 – the highest PSF ever transacted within this development till date.
76 Guan Chuan Street is a 99-year lease development at Bukit Merah HDB Estate. Completed in 1967, it has a total of 42 units ranging from 3-4 rooms, transacted at an average of $1,062 PSF in the past 3 years. It is conveniently located just 2-minute walk to the famous Tiong Bahru Market, less than 10-minute walk from 3 MRT stations: Tiong Bahru, Havelock and Outram Park.
Map View of 76 Guan Chuan Street by RealInsight
5-room HDB sold at $1.59 million at Tiong Bahru View on Boon Tiong Road
In mid-April, also within Bukit Merah Estate, a 5-room unit located on a high floor at 9b Boon Tiong Road (Tiong Bahru View) was sold for an impressive $1.588 million for an area of 1,206 sqft. This equates to $1,317 PSF, making it the highest transacted price for an HDB property in 2024. This sale surpassed the previous record set earlier in the year by a 5-room unit at The Peak @ Toa Payoh, which was sold for $1.57 million.
Notably, this transaction also marks the highest price ever recorded at Tiong Bahru View project, surpassing the previous record set in March 2024. At that time, a 5-room unit on a middle floor at Block 9a fetched $1.45 million for an area of 1,206 sqft.
9b Boon Tiong Road is a block within Tiong Bahru View HDB - a 99-year lease property in Bukit Merah HDB Estate. Completed in 2016, this development has a total of 4 blocks (9a, 9b, 10a, 10b) and 700 units, ranging from 2 rooms to 5+ rooms, with average transacted price of $986 PSF. It is conveniently located within just 2-minute walk to Tiong Bahru MRT, 6-minute walk to Havelock MRT, and surrounded by 13 schools within 2-km radius.
Map View of Tiong Bahru View by RealInsight
Top 5 Million-dollar HDB Transactions in 2024 (as of 9 May 2024)
*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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