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by OrangeTee & Tie Pte Ltd.

Investing in Tiong Bahru privatised flats: The allure and the pitfalls

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Others


Singapore, 19 Feb 2021

Last November, Singaporean property investor Peter Chiu was shopping for a flat in Tiong Bahru. After visiting several flats, he made an offer on a 1,022 sq ft unit on the third floor of Block 57, located above Tiong Bahru Bakery on Eng Hoon Street. The former four-room SIT (Singapore Improvement Trust) flat had been renovated by the previous owner, an interior designer who had owned it for 20 years. She had knocked down the walls of two bedrooms and converted the unit into a spacious one-bedroom apartment.

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