This week in property: Highlights from Nov 19 to Nov 23

By Rachael Tan / EdgeProp | November 23, 2018 12:57 PM SGT
Property highlights of the week from Nov 19 to Nov 23:
1. HDB terrace at Jalan Bahagia sold for record price of nearly $1.2 million
HDB terrace houses at Jalan Bahagia
A HDB terrace in Jalan Bahagia was sold for nearly $1.2 million in 3Q2018, smashing the previous record to be the priciest HDB unit ever sold, according to a real estate trends report published by OrangeTee on Wednesday (Nov 21).
The 2,551 sq ft 3-room terrace near Whampoa hit a new record price of $1.185 million in September this year, smashing the previous $1.18 million record set by a 5-room Bishan DBSS unit sold in February 2017.
The third priciest unit on record was also transacted in 3Q2018, when a 5-room DBSS unit at Lorong 1A Toa Payoh changed hands for roughly $1.16 million in August.
2. ERA Realty increases agent numbers and property projects
ERA also announced an exclusive collaboration with Sembcorp Power, which is a subsidiary of listed Sembcorp Industries.
ERA Realty Network’s collaborations with CBRE Realty Associates and HSR International Realtors have added about 500 real estate salespersons to its agent count, which now stands at 6,542. This was one of the milestones highlighted by ERA during its 4Q2018 Career Advancement Day Conference on Nov 19.
Also, ERA has bagged more projects. As at this year, the ERA portfolio comprises 66 projects. There were 35 project appointments which accounted for more than 14,700 units this year. 28 projects are already in the pipeline for 2019.
3. Minbu Villa in Balestier may lower en bloc sale price to $129.1 mil
More than 60% of the owners (by share value and strata area) have signed an agreement to lower the price.