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Mon, Feb 01, 2010
The New Paper
Haig Road flats up to $100,000 less

By Elysa Chen

HER block of flats is sandwiched between clusters of condominiums and landed property.

A brisk 10 minutes' walk can take her to the Geylang Serai market, while East Coast Park is just a few minutes away by bus. Her home is also just a 10 to 15-minute walk from Paya Lebar MRT station.

It is no wonder that after living in the Haig Road estate for more than 30 years, Madam S Salimah's 78-year-old mother is reluctant to sell her flat.

But she is getting frail, so she is moving in with Madam Salimah, 58, a retiree who lives with her husband in a three-room flat in Ang Mo Kio.

Madam Salimah's family had first rented a home in the estate before her mother bought the three-room second storey flat for $27,000 in 1982. Their 635sqft flat was recently valued at about $233,000.

A reasonable price if you compare it with flats in Marine Parade, a premium beachfront neighbourhood nearby. A similar-sized three-room flat in Marine Parade was sold for $280,000 around August last year, according to information on HDB's website.

In other words, the Marine Parade flat cost about $50,000 more, and is seven years older.

Madam Salimah said: "Given the choice, we wouldn't sell. Even President S R Nathan lives nearby, on Ceylon Road."

The community centre is just across the road from their home, there is a kindergarten at their void deck, and several good schools in the area.

With easy access to malls like City Plaza and Tanjong Katong Shopping Centre, she rarely needs to travel to town. If she wants to get to the city, there are several direct buses and it takes only half an hour, said Madam Salimah.

The beach is also just a short bus ride away, and Madam Salimah goes there with her family twice a month.

Mr Azhar Johar, a PropNex agent who is helping Madam Salimah to sell her home, said that flats in Haig Road are a good, and cheaper, alternative to those in Marine Parade.

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STORY INDEX
 
  Bargain houses in Singapore
   
 
  $135k for a terrace house in Kallang area
   
 
  $500k for a terrace house?
   
 
  Green light for red-light district living
   
 
  Haig Road flats up to $100,000 less
   
 
  New flats every month for first half
   
 
  HDB quota for PRs may not avoid enclaves
   
 
  Tenants cannot sublet HDB flats to others
   
 
  Oei's sister emerges to carve her own niche
   
 
  Quotas under study for PRs buying resale flats
   
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