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An HDB flat in Clementi has been sold for a record $1.04 million, making it the fourth unit within the same block sold in recent years to breach the million-dollar figure.
According to property site Edgeprop on July 17, the deal for the 1,248 sqft unit was closed within a day between the seller and the buyers — an elderly couple who are downsizing from their landed property in West Coast.
The deal was paid for in cash.
The particular block, 441A, is part of Clementi Towers, the first HDB project to be integrated with both a mall and a bus interchange — which accounts for its high value. It also has 91 years left on its lease.
In Aug 2016, a 5-room flat at the same block sold for just slightly over $1 million, and it was the first time a flat outside of the Pinnacle @ Duxton housing development that went past the million-dollar resale mark.
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