New Benchmark Resale Price For Shunfu Road HUDC

New benchmark resale price was set by another Shunfu Road HUDC apartment which was sold at $1.33 million recently breaking the last record at $1.28 million in Sep 2012. This apartment is a 1,660 sq ft maisonette which is located in a yet-to-be privatised HUDC estate

With this sale, it confirmed the uptrend of yet to the privatised HUDC apartments and HDB resale flats. The current highest resale price for HDB flats was recorded in Sep 2012 for an executive flat in Queenstown that was sold for around $1 million.

HUDC apartments were built in the 1970s for the middle-income families which were phased out in the 1980s due to low demand for this class of flat. There were 18 HUDC projects built and 12 of them were privatised with the rest still awaiting privatisation.

Analysts expect higher transacted prices for HUDC apartment to continue as long as the vendors are asking for higher prices and the purchasers are willing to bite hoping for an enbloc sale bonanza after the estate privatisation. 

This HUDC estate consists of 358 apartments which are popular among buyers due to its location being near to Marymount MRT station, amenities and top schools like RI, RJC, Catholic High School and Marymount Convent School.

2 Jan 2013