Property is one of the most unique asset classes, because of how each unit is so stubbornly independent. With other assets, one barrel of oil is the same as the next, and one dollar is the same as the next. But with real estate, the flat next door might end up going for $500,000 more, and sometimes for no fathomable reason (at least, on the surface). To show you how strange it can get, here are some true oddballs we’ve found:
- A 4-room flat for $100,000
This was a transaction that caught the attention of many recently. An older 4-room flat (built in 1987) at Block 860A Tampines Avenue 5 was sold in January 2024, for the amazing price of $100,000. As of the latest COE prices in April, this was slightly cheaper than obtaining a Cat B COE. And this wasn’t because something was wrong with the block – other transactions in the same block, over a 12-month period, lodged transactions of around $560,000 to $645,000....
