🏠 Tampines multi-gen flat with 59-year lease sets record with $1.38m sale
A Multi-Generation HDB flat in Tampines has changed hands for $1.388 million, becoming the town's most expensive resale flat on record.
READ: https://asia1.news/4z1zKJI
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Here's the full detailed report 👇
🏠 Tampines Multi-Gen HDB Flat — Record-Breaking Sale
✅ Core Transaction Details
- Sale Price: $1,388,000 (Tampines' most expensive resale flat ever; first above $1.3M)
- Date: September 2026
- Location: Block 454 Tampines Street 42 | Floors 10–12
- Size: 166 m² (~1,787 sq ft) | $777 psf
- Lease: Started 1987 → 59 years 11 months remaining
- Source: AsiaOne / 99.co — Published Sep 25, 2026
📊 National Multi-Gen Rankings
Rank Property Price Size $psf
🥇 #1 (National Record) Blk 137 Bishan St 12 $1,548,888 1,776 sq ft $872
🥈 #2 Blk 137 Bishan St 12 (May 2025) $1,388,888 1,776 sq ft $782
🥉 #3 Blk 454 Tampines St 42 $1,388,000 1,787 sq ft $777
#4 Blk 666 Yishun Ave 4 $1,212,000 1,625 sq ft ~$746
Tampines fell just $888 short of 2nd place despite being slightly larger (+11 sq ft)
🔍 Same Area, Huge Price Gap
- Block 454 (Record) — $1.388M | Floors 10–12 | Greenery view
- Block 460 Tampines St 42 — $1.135M (Jul 2026) | Floors 4–6 | Faces Temasek JC
- Gap: $253,000 (+22.3%) — same size & lease start year
- Higher floor + unblocked green outlook likely key premium drivers
🏡 Location & Amenities
- Near Tampines East MRT (DT33)
- 5 primary schools within 1km; 7 more within 2km
- Malls: Tampines Mall, Tampines 1, Century Square nearby
- Preschools & supermarkets in immediate neighbourhood
📈 Market Context
- Tampines joins 15 towns with HDB resale above $1.3M — ranked 13th
- 76% of all $1.3M+ sales come from just 5 towns: Central Area, Toa Payoh, Bishan, Bukit Merah, Queenstown
- Highest price record overall: Bukit Merah at $1.728M
- Cheaper alternatives exist: Large 1,518 sq ft units in Tampines from ~$738K
💡 Key Takeaway
Even with under 60 years' lease left, location, floor level, view, and scarcity of Multi-Gen units command massive premiums — $777 psf for a non-central area reflects strong family demand for large multi-generational homes.
Full article: https://asia1.news/4z1zKJI
Ah .. thought they still got build in the new estates
But likely more difficult to build now cos of their pre-fabricated HDB designs that they transport and stack on each other
This one they don't give mah
Only share individual valuation of the adjacent bedroom flats
Telok Blangah 5rm 91yr lease ofc will have more valuation than Bukit Merah 5rm
But shouldn't all the prospective HDB dwellers be happy that it is still going up?
3-4 GENERATIONS OF SINKIES VOTED FOR THIS POLICY OF "WEALTH ACCUMULATION"!! Mai kpkb
Yes that is the word. I think HDB no more building. It is a waste of space especially the staircase take up so much floor area so below is store room for most ppl