Bukit Panjang records first million-dollar HDB flat at Jelebu Road
for sale in Singapore.
In September 2023, a resale deal in Bukit Panjang saw the first HDB flat to cross the $1 million mark, according to data from Edgeprop Shortlist of HDB Million-Dollar Deals. The executive apartment on level 28-38 of Block 181 Jelebu Road, initially built in 2003, was sold for $1.02 million – that’s $746 psf for its 127 sq m (1367 sq ft).
Right across from the flat is Bukit Panjang’s integrated transport hub, Bukit Panjang Plaza and Hillion Mall, which factors into the high price paid for the property, explained Lee Sze Teck, Senior Director for Data Analytics at Huttons Asia. The block of flats comes with a remaining lease of 78 years and 8 months, making it a valuable long-term investment.
In the same month, 36 million-dollar HDB resale deals were recorded, while the town of Bukit Merah reported the most million-dollar deals with five. August, however, saw the highest number of million-dollar HDB resale deals over the past 12 months.
The Bukit Panjang EC, is an excellent choice for those on a budget. With prices starting from as low as $880,000, buyers can find something affordable with the right amount of amenities. The development is also conveniently located near popular amenities like supermarkets and malls. There are also excellent transport links, including the Bukit Panjang LRT station and the KJE (Kranji Expressway). As such, it is one of the most accessible and affordable Executive Condominiums in Singapore.
From Dec 2022 to Sep 2023, there have been a total of 322 million-dollar HDB resale deals, according to Mohan Sandrasegeran, Head of Research and Data Analytics at SRI. He further noted that, out of all the HDB towns in Singapore, Bukit Panjang is the latest to record a million-dollar deal. The towns of Choa Chu Kang, Jurong West, Sembawang and Sengkang are yet to clock million-dollar deals.
Primary schools situated 1-2 km from Block 181 Jelebu Road include West View Primary School, Zhenghua Primary School, Greenridge Primary School and Bukit Panjang Primary School. Residents looking for HDB properties for sale in Singapore can also check out the latest listings.
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