$1.54 million for a 5-room HDB flat at Lorong 1a Toa Payoh (The Peak @ Toa Payoh) 

On May 18th, 2024, based on a record in RealInsight, another 5-room HDB flat on a high floor at Block 139a Lorong 1a Toa Payoh (The Peak @ Toa Payoh HDB) was sold for a record $1.54 million. With a total area of 1,259 sqft, this translates to $1,223 per square foot (PSF). This sale represents the 6th most expensive million-dollar HDB transaction in 2024, and the 3rd most expensive transaction at The Peak @ Toa Payoh. Additionally, this transaction recorded a profit of $510K from its previous sale price in October 2018.

Earlier this year, there had been a total of 13 million-dollar HDB transactions happening at The Peak @ Toa Payoh, 3 of which exceeded $1.5 million mark. The transaction mentioned in this article is one of these three. The most expensive transaction belonged to a 5-room unit between 40-42nd floor at Block 139a, sold at $1.57 million for an area of 1,259 sqft in January. Following is another 5-room unit on 31st floor at Block 138c, which was sold at $1.54 million in January. 

Table: Million-dollar HDB transactions at The Peak @ Toa Payoh in 2024. To see the full list, access RealInsight here. 

The Peak @ Toa Payoh is a is a Design, Build and Sell Scheme (DBSS) HDB development located along Lorong 1a Toa Payoh in District 12, Toa Payoh. Completed in 2012, it consists of 7 blocks with a total of 1,203 units, ranging from 3 to 5 rooms. The average transacted price in the past 3 years has ranged from $873 to $980 PSF. The project is conveniently located within 7-minute walk from Toa Payoh, Braddell and Caldecott MRT Stations (North-South Line).  

DBSS units are built by private developers, characterised by unique external features, although owners are subjected to the same regulations as HDB owners. These units are highly sought after due to their rarity and larger living spaces. This demand for DBSS units, combined with their distinctive characteristics and the larger living spaces they offer, likely contributes to the steep high prices transacted at The Peak @ Toa Payoh. 

*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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