Hougang Maisonette Resale Flat with Around 66 Years Left on Lease Sells for Record S$1.45 Million

Hougang maisonette resale flat with around 66 years left on lease sells for record S$1.45 million

An executive HDB flat was just sold for $1.45 million, setting a record-high for such flats in Hougang

Earlier this month, an executive HDB flat at 221 Hougang Street 21 was sold for $1.45 million ($910 psf), marking the first time that such flats in Hougang have crossed the $1.3 million threshold. The lease of the subject flat, located on the fourth to sixth storeys, commenced in 1992, leaving it with a remaining lease of approximately 66 years. The record-high price fetched by the subject flat could be because it is a maisonette measuring a spa…