It’s been happening more frequently lately – executive (EXE) apartments hitting new all-time high in Singapore’s property market. The latest record-breaker? A low-floor maisonette at Potong Pasir in Toa Payoh estate, which has just sold for an impressive S$1.24 million. This sale makes it the most expensive EXE in Toa Payoh at the moment. What makes this sale particularly noteworthy isn’t just the price tag, but the fact that the unit is located on one of the first three floors – an unusual feature for a record-setting transaction.

The S$1.24M maisonette is 41 years old

The unit is located in Block 133 on Potong Pasir Avenue 1, within a low-rise project. The <u>maisonette </u>spans a generous 1,733 square feet, which works out to a price of S$716 per square foot (psf). 

Not bad, right? But here’s the catch: the lease on this unit started in 1984, meaning there are only about 58 years and 7 months left. While this isn’t the shortest lease we’ve seen for a million-dollar HDB resale unit – another example being an HDB Terrace that sold with just 52 years left – it’s definitely on the shorter side for EXEs.

Block 113

When it comes to grocery shopping, you won’t be disappointed. A quick 3-minute walk takes you to an NTUC Fairprice at the Potong Pasir Community Club. For more options, an 8-minute drive via the Pan Island Expressway will bring you to a Giant in Kim Keat Avenue, or a Sheng Siong Hypermarket in Lorong 7 Toa Payoh.

And if shopping or entertainment is on your mind, there are plenty of malls within a short driving distance. The Poiz Centre is just 6-minutes walk away, while the Woodleigh Mall is just 4-minutes drive away. Within an 8 to 10 minute drive, you can also reach City Square Mall, Toa Payoh Hub, Grantral Mall @ Macpherson, Zhongshan Mall, and Aperia Mall.

The area around Block 133 is also ideal for families, with a range of childcare and educational facilities nearby. For young children, there are several childcare centres within walking distance, including My First Skool, a mere 37 metres from the block and Little Seeds Preschool, which is 305 metres away.

For kindergarten-aged children, you have PCF Sparkletots Preschool at Potong Pasir, just 133 metres away, and The Ascension Kindergarten, 424 metres from the block.

When it comes to primary schools, Block 133 has two within a 1-kilometre radius – Cedar Primary School and St. Andrew’s Junior School. If you’re open to schools a bit further away (within 1 to 2 kilometres), you’ll find several more options, including Bendemeer Primary School, Canossa Catholic Primary School, First Toa Payoh Primary School, Hong Wen School, Kheng Cheng School, Kuo Chuan Presbyterian Primary School, Maris Stella High School, Pei Chun Public School, St. Gabriel’s Primary School, and Yangzheng Primary School.