THREE-ROOM FLAT GOES FOR $380,000

Wow... 3-room flats that are more expensive than 5-room flats!

"A THREE-ROOM flat in Upper Cross Street was sold for $382,000 - some $100,000 above valuation.

The sale of the 27-year-old flat took place last month.

That same month, a 31-year-old unit at Marine Drive was sold for $350,000 - some $75,000 above valuation.

They are believed to have set a record for three-room HDB prices here, industry watchers said.

And at these prices, they're more expensive than many five-room flats in the market. As a rough comparison, a five-room flat - about 31 years old - in centralised Toa Payoh was sold for $337,000 in November."

More at : Electric New Paper