Is it a good deal? This Ang Mo Kio 4-room flat sold for a record $1.15 mil
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A high-floor (25th to 27th storey) 4-room flat at 227A Ang Mo Kio Street 23 was recently sold for $1.15 million ($1,148 psf), setting a new record for both price and psf among 4-room HDB flats in this town. The previous recorded high for a 4-room flat in Ang Mo Kio was for a unit at 591A Ang Mo Kio Street 51, which was sold for $1.139 million.
We used our analytics tool, "Is it a Good Deal?", to determine whether this transaction constituted a good deal for both buyer and seller.
Record High
At $1,148 psf, the transaction is 93.4% above Ang Mo Kio’s 4-room average of $594 psf. Even within the same development at 227A Ang Mo Kio Street 23, which is only completed in 2021, the price is 12.1% above the average of $1.03 million. Block 227A comprises a mix of 2-room and 4-room flats.
The transacted price is a new record high for 4-room flat in Ang Mo Kio
EdgeProp’s valuation tool estimates the fair value of the unit at about $1.07 million. The unit was transacted at 7.5% above our indicative valuation, suggesting the buyer paid a relative premium compared to other recent transactions.
Prior to this, the highest recorded transaction in the block was about $1.11 million.
Nearby blocks for comparison
Why the premium?
227A Ang Mo Kio Street 23 is part of a newer HDB cluster completed in 2020. There have been 13 transactions in the past 12 months for this particular block.
Screenshot from our 'Is it a good deal' tool for the said transaction
The strong price could be attributed to several factors. The unit is located on a high floor (25th to 27th storey), offering better views and less noise. It is also within walking distance to Mayflower MRT station on the Thomson-East Coast Line, while the upcoming Teck Ghee station on the Cross Island Line is expected to enhance connectivity. The area is served by several primary schools within 1km such as Ang Mo Kio Primary School, CHIJ St. Nicholas Girls' School, Mayflower Primary School. It is also close to amenities such as AMK Hub and Ang Mo Kio Town Garden West.
Conclusion
This transaction sits firmly at the top end of the market, with the buyer paying above our indicative valuation and the block’s average pricing. The price reflects sustained demand for newer, high-floor flats in mature estates with strong connectivity. For sellers, the deal sets a new benchmark for 4-room flats in Ang Mo Kio, while for buyers, it underscores how price ceilings for such units continue to be tested.
To learn more about this transaction and whether it is a good deal, please click here.
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