A buyer has paid $1.158 million ($ 1,237 psf) for a 936 sq ft, fourroom HDB level at 10b Boon Tiong Road. HDB cautions reveal that the sale was lodged in June.
According to Malvin Lim, the building agent that represented the vendor, the device was valued at $1 million by HDB. Hence, the purchaser paid a cash-over-valuation (COV) of $158,000. The COV is a cash money amount that stands for the difference between the sale price of the flat and also its HDB valuation.
Lim is an assistant partner advertising and marketing supervisor at PropNex Realty, and a member of the Marcus Luah Division.
The flat is in a HDB development called Tiong Bahru View which consists of blocks 9a, 10a, 9b and 10b Boon Tiong Road. The 700-unit development includes a mix of three- to five-room flats as well as workshops.
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