December 01, 2020, 04:07 PM
A five-room unit at Blk 310B Teck Ghee Vista, Ang Mo Kio Avenue 1, was sold at a whopping price of S$1,008,888.
This is likely the first time a five-room unit in the area has crossed the million mark.
This is the second HDB unit in Ang Mo Kio town sold above S$1 million.
The said unit was sold by Derek Yap who is both the homeowner and property agent of this transaction, according to Shin Min Daily News.
It took him about half a year to seek buyers amid Covid-19. More than 10 interested buyers have viewed the unit before a willing one that offered this price.
The unit is located on a high floor, between 25th and 27th storey.
Teck Ghee Vista was completed in 2011 and the unit has a remaining lease of 90 years and 11 months.
Yap listed three reasons why the unit garnered such a high price:
- An unblocked view that overlooks Bishan-Ang Mo Kio Park
- Teck Ghee MRT station of the Cross Island Line will be nearby in the future
- The floor area of this unit is 121 sqm, which is bigger than the current BTO 5-room units (an area of 110 sqm).
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