FOUND ON THE EDGE: HDB flat near Bedok Mall up for sale

By Tan Chee Yuen / The Edge Property | October 23, 2015 3:22 PM SGT
A 646 sq ft 3-room HDB flat at 32 Chai Chee Avenue is on the market for $320,000 or $495 psf. The mid-floor unit attracted the most views on TheEdgeProperty.com last week.
According to the marketing agent, Kevin Bai from ERA, the flat is currently vacant and in good condition. Currently, there is no ethnic quota restriction for the listing according to Ethnic Integration Policy (EIP).
The block is within 500m from Bedok Mall and Bedok Integrated Transport Hub. Schools nearby include East Coast Primary School, St. Stephen’s School and Opera Estate Primary School which are located within 1km from the development.
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The average prices for recent transactions of 3-room flats in the vicinity ranges from $379 psf to $555 psf. In October, there were two 3-room flat transactions within 500m from the subject property. A 786 sq ft unit was sold for $395,000 ($503 psf) and a 721 sq ft unit changed hands at $385,000 ($534 psf).
Recent transactions of 3-room flats within 500m from the subject property
Date
Block
Distance from subject property (m)
Completion year
Age (years)
Floor
Area (sq ft)
Price ($)
Price ($ psf)
21-Oct-15
201 Bedok North Street 1
449
1979
36
01 to 03
786
395,000
503
21-Oct-15
202 Bedok North Street 1
405
1979
36
07 to 09
721
385,000
534
23-Sep-15
41 Chai Chee Street
427
1985
30
10 to 12
721
325,000
451
21-Sep-15
42 Chai Chee Street
486
1985
30
07 to 09
721
305,000
423
16-Sep-15
37 Chai Chee Avenue
237
1983
32
13 to 15
710
315,000
443
11-Sep-15
20 Chai Chee Road
371
1972
43
10 to 12
700
287,000
410
4-Sep-15
201 Bedok North Street 1
449
1979
36
01 to 03
786
360,000
458
1-Sep-15
21 Chai Chee Road
358
1972
43
01 to 03
700
281,000
402

Source: HDB, The Edge Property

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As we are not party to the contract between the client and agent, we are not able to verify information provided by the agent.