You might remember our recent coverage of a record-breaking 4-room HDB sale in Toa Payoh, and how we hinted at the possibility of more astounding sales to come from the same project.
Well, it seems our prediction wasn’t off the mark.
Here we are again, just one week later with news of another sale in Toa Payoh, this time surpassing the previous high by a staggering S$49K. Toa Payoh Crest, once again, takes the spotlight in the property market, proving that it’s on an unstoppable streak.
At S$1.15M, this 4-Room HDB in Toa Payoh was almost S$50K more than previous record-holder
Located in Block 131A of Toa Payoh Crest, this 4-room HDB unit, nestled somewhere between the 16th to 18th floors, fetched an eye-watering price tag of S$1.15 million.
Crunching the numbers further, that translates to approximately S$1,148 per square foot (psf). And yes, considering that both these units are from the same project, the remaining lease is also at 93 years and 6 months.
Compared to its predecessor, which sold for S$1.01 million, this new record holder commands a whopping 4.45% premium, amounting to an additional S$49K.
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Toa Payoh’s 2023 MOP-ed BTO options: Crest vs. The Peak vs. Apex
Since the BTO system was introduced and up till 2023, only three projects in Toa Payoh have completed their five-year Minimum Occupation Period (MOP) and are now available for resale: The Peak @ Toa Payoh, Toa Payoh Crest, and Toa Payoh Apex.
Here are the total transacted sales in all three of these projects over the past 3 years, as of March 2024:
| Project | 2021 | 2022 | 2023 | 2024 | Total (so far) |
| The Peak @ Toa Payoh | 81 | 47 | 46 | 10 | 184 |
| Toa Payoh Crest | 8 | 84 | 65 | 7 | 164 |
| Toa Payoh Apex | 3 | 1 | 7 | 15 | 26 |
While all three projects have their unique appeal, why are you only hearing about transactions from Toa Payoh Crest?
The Peak @ Toa Payoh
If you’ve been keeping an eye on Singapore’s property market, you’re probably familiar with The Peak @ Toa Payoh.
But for those who aren’t acquainted with the project: As of January, The Peak holds not only the record for the highest transaction in Toa Payoh but also in all of Singapore.
With its record-breaking sale of a 5-room unit at S$1,568,888, The Peak @ Toa Payoh stands out as the sole DBSS project in the town. Alongside its excellent amenities and accessibility, this makes The Peak one of, if not the most highly regarded HDBs in the area.
However, its exclusivity does come at a steep price (literally).
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Toa Payoh Apex
On the other hand, Toa Payoh Apex, while gaining momentum, trails behind Crest and The Peak in terms of total transactions.
One reason for Apex’s slower sales could be its distance from MRT stations. While both The Peak and Crest have MRT stations within a 5-minute walking distance (Crest even has 2 stations nearby), Apex residents would need a 15-minute walk to reach the Toa Payoh MRT.
Its distance from MRT stations may deter some buyers, but its proximity to esteemed educational institutions, like Raffles Girls’ School Secondary and CHIJ Primary Toa Payoh, makes it an attractive option for discerning parents.
And since Apex’s total transactions for the year so far seem to surpass both Crest and The Peak, we might see the tides changing soon.
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Toa Payoh Crest
Toa Payoh Crest, with its strategic location and abundance of amenities, strikes a balance between convenience and comfort.
With two nearby MRT stations, along with a plethora of dining and shopping options, Crest offers residents the best of both worlds. While Apex appeals to families, Crest caters to individuals and couples seeking a vibrant urban lifestyle.
Rather look at condos that will MOP this year? Have a read here: Upcoming Executive Condos (ECs) that will MOP in 2024 & 2025
Toa Payoh’s recently MOP-ed BTO options in 2024
This year, Toa Payoh welcomes two more MOP-ed BTO projects:
| Project | 3-room | 4-room | 5-room | Total units |
| Alkaff Lakeview | 198 | 333 | 0 | 531 |
| Alkaff Vista | 0 | 199 | 151 | 350 |
Among the two, Alkaff Lakeview emerges as a more compelling option for several reasons:
- It’s situated just a stone’s throw away from Woodleigh MRT.
- Woodleigh MRT station also serves as a gateway to Serangoon MRT and NEX Megamall, providing seamless connectivity to two major retail hubs and multiple train lines.
- The proximity to Woodleigh Mall and Woodleigh Residences, an integrated private development, ensures easy access to essential amenities, ranging from dining options to grocery shopping.
- For families, the proximity to Maris Stella High and Cedar Girls’ Secondary adds another layer of appeal, offering quality education within walking distance.
As such, homebuyers on the prowl in the town should keep a keen eye on this promising project.
Looking for more recently MOP-ed BTOs? Check out the full list here: Full list of BTO projects hitting MOP in 2024/2025
Planning on selling your newly MOP-ed HDB flat? Let us connect you with a property consultant.
The post Toa Payoh’s sees another record-breaking 4R HDB sale in a week, tops previous high by S$49K appeared first on .
