Flat beats previous most expensive resale unit in Geylang by S$22,000

A three-room HDB flat in Geylang has been sold for S$872,000, potentially setting a new benchmark for such units in the estate.

The unit is part of MacPherson Spring, a 750-unit Build-To-Order (BTO) development along Circuit Road with four blocks of up to 19 floors each.

Flat has over 93 years’ lease left

The flat’s seller Lyn Feng, who is also a real estate agent, told MS News that its Option to Purchase was exercised last month.

The transaction is currently in the process of resale submission.

With a floor area of 68 square metres (sqm), or about 732 square feet (sq ft), its resale price works out to approximately S$1,191 per sq ft (psf).

The flat also has a remaining lease of about 93 years and two months, making it attractive for buyers seeking a longer-term home.

Selling price surpassed previous transactions in the area

Ms Feng said previous transactions for sim...