Is it a Good Deal?: $518,000 for a four-room flat opposite Bishan-Ang Mo Kio Park

Is it a Good Deal?: $518,000 for a four-room flat opposite Bishan-Ang Mo Kio Park

Earlier this month, a four-room flat at 218 Ang Mo Kio Avenue 1 was sold for $518,000 ($587 psf). The 883-sq ft flat is located on the seventh to ninth storey. The lease for the flat in Ang Mo Kio Grove commenced in 1976, leaving it with a remaining lease of approximately 50 years. We used our analytics tool, Is it a Good Deal?, to assess the transaction and determine whether the buyer of this 49-year-old flat in District 20 secured a bargain. M…