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Toa Payoh flat sold after just 3 years

March 14, 2012 - 1:51am

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The sale of a three-year-old five-room flat in Toa Payoh last month raised some eyebrows and caused a buzz online.

Netizens wanted to know why the owner was able to sell the flat just three years after its completion in 2009.

They were also excited by the price it was sold for.

The flat, located between the 36th and 40th storey of Block 79C in Toa Payoh Central, had fetched $894,000 - a record for the Toa Payoh area.

The seller was able to sell just three years after the completion of the flat as he had already met the seven-year minimum occupation period under the Selective En Bloc Redevelopment Scheme.

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