Recently MOP-ed HDB have sold double of BTO price
With HDB apartments, after finishing the five-year Minimum Occupation Duration (MOP), owners have the alternative to put the whole flat for a rental fee or offer for sale on the resale market. They can likewise pick to buy the personal property after the MOP.
In light of the current document deal of a Canberra BTO flat, we made a decision to check out much more HDB resale deals of late MOP-ed BTO apartments.
Much more specifically, we concentrated on the BTO apartments with leases starting in 2018. Through our search, we located several apartments that were sold at dual BTO cost (some a lot more!). This also means that if we exclude costs like the Purchaser’s Stamp Task (BSD) and also remodeling expenses, these apartments have made paper earnings of 100% (or even much more for some).
Here are the recent MOP-ed BTO projects with these deals.
Punggol Vue captured our eye due to the S$ 341k transaction for a 2-room level here, which was an all-time high for a 2-room at Punggol at the time of the resale registration day. But this level held the record for a short time just, before one more 2-room flat at a different block and reduced floor cost S$ 350k this month.
Location-wise, it’s not near the center of Punggol. But having the Nibong LRT at a four-minute leave and Punggol Cove Main right alongside the BTO might be a few qualities that attracted the purchasers to these flats.
Next off on our listing is Brush Grove @ Yishun near Pullman Residences. Like what we have actually seen with Punggol Vue, the S$ 325k 2-room deal below was a document for the flat enter Yishun momentarily which is slightly greater than Pullman Residences Developer. Not long after, an additional system of the very same kind at the very same block (but on a lower flooring) was sold at S$ 328k.
Found around a 13-minute walk to Khatib MRT, but it’s not nearby to the MRT. But it lies in between services such as Wisteria Shopping Mall, Yishun Park as well as SAFRA Yishun.
What’s much more fascinating to us is that this BTO is additionally situated along Yishun Opportunity 4, also known as Yishun’s millionaire row.
You see, below’s where a couple of resale exec houses in the estate have actually breached the million-dollar mark. The most current one is the multi-gen flat at Blk 666, sold for a document of S$ 1.063 million.
More north in Sembawang, we have an additional late MOP-ed level that fetched an all-time high resale price.
Over at EastCrown @ Canberra BTO, a 2-room apartment cost a document S$ 358k, making a paper gain of around S$ 249k to S$ 269k. This is approximately 2.5 times the BTO price!
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