The last record holders were units in Toa Payoh Palm Spring

Before this recent sale, the title of the most expensive EXE unit in Toa Payoh was held not by one, but by two different units in Toa Payoh Palm Spring. These units were sold for S$1.239 million and S$1.212 million, respectively.

The first of these record holders was a unit on the 13th to 15th floor of Block 99C, Lorong 2 Toa Payoh. This 1,604 square foot EXE apartment sold in April this year for S$1.212 million, with a price psf of S$755. Then, in early August, another sale in the same block caught attention. This time, a slightly smaller unit, somewhere between floors 7 to 9, sold for S$1.239 million. This 1,593 square foot unit fetched a higher psf of S$777.

While the price difference between the S$1.24 million and the two from Toa Payoh Palm Spring sales are minimal, ranging from 0.08% to 2.26%, the real trade-off comes in terms of unit size and lease duration. Both units from Toa Payoh Palm Spring are smaller than the current record holder at Block 133, but they come with a longer lease of 67 years. This is 15 years longer than the S$1.24 million sale at Potong Pasir Avenue 1.

Looking for HDB resale flats with longer leases? Check out our article here: Full list of BTO projects hitting MOP in 2024/2025 & Our top picks near the MRT

These three sales – two from Toa Payoh Palm Spring and the current S$1.24 million transaction – are the only EXE units in Toa Payoh that have crossed the S$1.2 million mark.

However, they are not the only high-value transactions in the area. Toa Payoh has seen a total of 22 EXE sales that have reached or surpassed the S$1 million mark. Of these, 10 are from Toa Payoh Palm Spring, while 11 are from other blocks in the same area as the S$1.24 million sale. Interestingly, like the recent record-breaking transaction, all 11 of these sales were for units on lower floors, specifically the 1st to 3rd floors.