A three-room HDB flat at 698A Jurong West Central 3 was recently sold for $605,000 ($827 psf), a record high for three-room flats in Jurong West. Located on the 16th to 18th storeys, the 732-sq ft flat was completed in 2017, leaving it with a long remaining lease of approximately 91 years.

Incidentally, three other three-room flats along Jurong West Central 3 were sold in June or July for just under $600,000 (see Table 1). All four flats measure 732 sq ft and have a remaining lease of 91 years.

In addition to their long remaining leases, the convenient and connected location of the flats could have contributed to their high prices. All four flats are located a short walk from one another (see Map 1).

Read also: Is it a Good Deal?: $439,000 for a three-room flat near Holland Village

They are also within a 500m radius of Boon Lay MRT Station, Boon Lay Bus Interchange, River Valley High School, Jurong Point and Jurong Central Park. Boon Lay MRT Station will also serve as an interchange for both the East–West Line and the Jurong Region Line (JRL) when Stage 1 of the JRL is completed in 2027.