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Five-room flat in Serangoon fetched record-high of $1.09 million
A five-room HDB flat at 408 Serangoon Avenue 1 was recently sold for $1.09 million ($837 psf). The flat is located on the 7th to 9th storey and measures 1,302 sq ft. Its lease commenced in 1989, leaving a remaining lease of approximately 63 years. This is Serangoon’s second-million dollar five-room flat for this year. The impact of lease decay could have been mitigated by the flat’s close proximity to the dual-line Serangoon MRT Station, which s…
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