The most expensive Tembusu Grand HDB executive apartment in Singapore: Bukit Timah’s Toh Yi Drive maisonette was sold for S$1.291m
Another record-breaking day. But this time it’s an alltime high national record.
Tembusu Grand floor layouts units are designed to meet the quality of life and recreational needs of residents. A range of amenities are present in the facilities area that include swimming pool, gym, and outdoor playground to make it easy for residents to spend time with their loved ones.
A 1,615-square foot executive maisonette HDB flat, with low floors (1st through 3rd floor range) at 3 Toh Yi Drive, Bukit Timah, was sold for S$1,290,000. That’s S$799 per square foot.
It is now not only the most expensive HDB-resale flat Bukit Timah but also the most costly executive HDB flat in Singapore.
Yes, that’s right. The flat beat three previous record-holders, whose resale values were S$1.288m.
These are Queenstown’s two executive flats on Queenstown’s Queenstown 150 Mei Ling Street (sold July and September 2022), and a 1,755-sqft maisonette at 101 Bishan St 12, (sold Jan 2022).
Bukit Timah’s previous holder was a 1,572-sqft executive house in 6 Toh Yi Drive. It sold in September 2022 at S$1.28m or S$814 per square foot – which reported.
This maisonette is currently the record-holder in Singapore for executive HDB flats at S$814 per square foot.
Blk 3 Toh Yi Drive, however, has 64 executive HDB flats. It was completed on August 1, 1988. It has a lease remaining for 64 years and 8 more months.
Similar to the Bukit Timah executive maisonette apartment at 6 Toh Yi drive, this block is approximately 450m from Beauty World MRT station (Downtown Line) or a mere 6-minute walk.
You will find the Bukit Timah Shopping Centre and Beauty World Centre around this station. There is also Beauty World Plaza, Bukit Timah Shopping Centre and Beauty World Plaza.
It is located just next to the Bukit Timah Food Centre & Market and Pei Hwa Presbyterian Secondary School. The junction of PIE & BKE is just a short drive away. They are served by the Anak Bukit Flyover, and Jalan Jurong Kechil. Bukit Timah Plaza is located across the intersection.
One wouldn’t mind living near Bukit Timah’s Cheong Chin Nam Road, with its famed row of delicious food and beverage shops.
Executive HDB blocks located at Toh Yi Drive are highly sought after because of their proximity to amenities as well as the gathering of shoppers and foodies in the area.
There are many other developments happening nearby, including a new mall and transport hub.
This is in addition to the recent tender for a 4611.1 sqm parcel there to Bukit One for S$200m or S$1,343 per plot ratio.
This award comes after recent developments like The Linq@ Beauty World (next the land parcel) or the upcoming mixed use The Reserve Residences @ Jalan Anak Bukit (awarded August 2021). The Linq was sold (estimated TOP 20205) and The Reserve Residences will launch in the early part of next year.
Toh Yi Drive Executive HDB Flats remain the best-of-the-crop
Checking the average price per square foot of executive HDB flats in Bukit Timothyah and Singapore shows how wide the gap is (especially after 2020 COVID).
The average price per square foot increase in executive maisonette HDB flats in Bukit Tamah over the same time period (really it’s only the ones at Toh Yi Drive) is quite telling.
Average psf prices for executive HDB flats at Toh Yi Drive have risen 27.44% since 2020 COVID, compared to Singapore’s 22.55%.
That’s an average of S$1,205 658 per executive HDB apartment in Toh Yi Drive, and S$718,058 for every executive HDB apartment nationwide.
We can see that the record-holder for Blk 3 Toh Yi Drive won’t be able to keep its hands on the title for very long based on the future developments and activities in the area.
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