Despite the government’s cooling measures, a Bishan executive maisonette has been sold for a whooping sum of $1,088,888, reported the media.
The 27-year-old two-storey unit is located at Block 194 in Bishan Street 13 (pictured), near a 24-hour food centre and a supermarket. The deal was sealed in October.
Notably, the area has witnessed a trend in similar high-priced sales, which include the $1.05 million sale of a 1,615 sq ft unit near Bishan MRT in December 2013 and the $1.01 million sale of a 1,750 sq ft executive maisonette at Block 194 in February 2014.
According to Mr Huang, a Sales Director of a property agency, such high prices should not be considered as the norm for public housing.
He noted while these million-dollar public homes have their own selling points, like ideal locations, they could also have undergone various rounds of renovation to raise their value.
Muneerah Bee, Senior Journalist at PropertyGuru, edited this story. To contact her about this or other stories email muneerah@propertyguru.com.sg
