Bedok jumbo flat sold for S$1.04 million, estate's first million-dollar resale flat

It has 69 years of its lease left.

Belmont Lay | September 27, 2022, 02:38 PM

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A jumbo flat at Block 629 Bedok Reservoir Road was sold for around S$1.04 million on Sep. 17, 2022.

The asking price was S$1.15 million.

The flat was listed in early August.

It was sold in a month.

The deal was brokered by Lee Jun Wei and Kevin Lim of PropertyLimBrothers.

This transaction marks the first million-dollar resale flat to change hands in the Bedok estate.

But it is no ordinary HDB flat.

The 1,862 square feet jumbo flat was the result of merging a three-room flat and a four-room corner unit.

This works out to a price of S$559 per square feet

Lee confirmed with that the amalgamation of the flats was by HDB and not the previous owner.

He said: "The entire block was originally three- and four-room flats. But after a short time, HDB repossessed the entire block and amalgamated the units, and released it back to the public for sale as five-room and executive apartment units."

The floor plan revealed the massive space of the unit that is effectively two apartments.

A video shared on YouTube on Aug. 29 showed the space it offered.

The flat is located on a high floor and the block is a short walk away from Bedok North MRT station.

The lease of the flat started in 1993.

It has a remaining lease of around 69 years.

There are only 2,900 jumbo flats in Singapore, The Straits Times reported in 2017.

ST reported that there are 266 million-dollar HDB resale flat transactions in 2022 so far, as of Sep. 25.

Top photo via