HDB executive maisonette in Ang Mo Kio on the market for $999,999

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The 99-year leasehold flat has 74 years left to its lease. YahooFinance

Avenue 4 in District 20 — is on sale with a guide price of $999,999. The auctions team at PropNex Realty is marketing the 1,593 sq ft flat and the guide price works out to $627 psf.

Spanning 1,593 sq ft, the large space and similar layout to landed housing makes executive maisonettes an attractive public housing option. She also says negotiations with a buyer had progressed significantly on April 13. Lin expects a deal to be closed soon. “This type of HDB flat would also be desirable to owners of smaller-sized HDB flats who are looking to upgrade to a larger space,” she adds.The unit for sale is one of 50 executive maisonette units located in the HDB block. Neighbouring HDB blocks comprise executive maisonettes and four- and five-room flats.Maisonettes are rarely available on the resale market and new listings typically surface when owners choose to let go of their home to rightsize or upgrade to a private property.

“I would not be surprised if some buyers would be willing to fork out about $100,000 in cash-over-valuation to secure an attractively priced maisonette in the Ang Mo Kio area because the supply of of this type of unit in this neighbourhood is scarce,” says Lin.

 

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