Property agents have revealed that prices of HDB flats near 12 Circle
Line stations, which are due to open on 9 October, have increased,
according to a Channel NewsAsia report.
The report highlighted
that prices of three-room flats close to Holland Village station climbed
around 10 percent compared to last year, reflecting an increase of as
much as S$440,000.
Meanwhile, a five-room high-floor flat in
Telok Blangah was recently sold at S$810,000. A comparable unit further
away was said to be priced at around S$110,000 less.
Similarly,
rental rates also rose by 10 to 20 percent. Thus, a four-room flat could
have a monthly rent of between S$2,500 and $S2,800.
Cash-Over-Valuation (COV) for resale transactions have also increased by 10 to 20 percent in locations close to the stations.
To contact the journalist, you may send your message to editor@propertyguru.com.sg
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