The newly completed HDB blocks at Bedok South Horizon (Photo: Siang Hang Lim)
A 1,001 sq ft four-room flat at Block 154B Bedok South Road was sold for $1.12 million ($1,118 psf) in April, setting new highs in both absolute price and price per sq ft.
Located on the 16th to 18th floors, the unit is part of Bedok South Horizon, a Build-To-Order (BTO) project launched in November 2016.
Source: HDB BTO brochure launch in Nov 2016
The development comprises eight residential blocks of 16 to 18 storeys at the junction of Upper East Coast Road and Bedok South Road. It is located next to Temasek Primary School and Siglap Community Club, and directly across from Temasek Secondary School. The project is also within walking distance of the upcoming Bedok South MRT Station on the Thomson-East Coast Line, which is slated to open later this year.
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Completed in 2021, the 940-unit development offers a mix of two-room flexi, four-room and five-room flats. When launched, the four-room BTO flats were priced from $407,000.
Having met its five-year minimum occupation period (MOP), the unit is now eligible for resale and has set a new benchmark for four-room flats in Bedok estate.
Source: HDB website
The sale surpasses the previous high of $995,000 ($983 psf), achieved in February for a 1,012 sq ft four-room flat at Block 430A Bedok North Road — also on the 16th to 18th floors.
The project’s proximity to the upcoming Bayshore precinct and East Coast Park is likely to support its appeal. It will also benefit from future developments around Bedok South MRT Station, including a 99-year mixed-use site with 1,280 residential units and a retail mall integrated with a transport hub comprising the MRT station and a new bus interchange. The site was launched for sale by URA in late March.
Notably, the first private residential project in the new Bayshore precinct — Vela Bay — previewed on April 11 and is scheduled for launch on April 28. The 515-unit, 99-year leasehold development by SingHaiyi Group and Chuan Investments is expected to set a new benchmark for the area, with prices from about $2,700 psf.