978 Toa Payoh North: A Comprehensive Guide
Nestled in the heart of Toa Payoh, the HDB block at 978 Toa Payoh North is a popular choice among families and investors alike. With its convenient location, spacious units, and excellent amenities, this 20-story development offers a comfortable and vibrant living experience.
History and Background
978 Toa Payoh North was developed by the Housing and Development Board (HDB) in 1985. It consists of 202 units, ranging from 3-room flats to 5-room flats. The block underwent a major upgrading program in 2007, which included the replacement of windows, kitchen fittings, and bathroom fixtures.
Location and Connectivity
978 Toa Payoh North is strategically located within easy reach of various amenities and transportation options. It is just a 5-minute walk from the Toa Payoh MRT and bus interchange, providing convenient access to the city center and other parts of Singapore. The area is also well-served by supermarkets, shopping malls, and dining options.
Unit Types and Floor Plans
The HDB block at 978 Toa Payoh North offers a variety of unit types to meet the needs of different families. The available unit types include:
| Unit Type | Number of Rooms | Floor Area |
|---|---|---|
| 3-room flats | 3 | 60 to 75 sqm |
| 4-room flats | 4 | 85 to 100 sqm |
| 5-room flats | 5 | 110 to 120 sqm |
Each unit features a spacious living room, a kitchen, and well-sized bedrooms. Most units also have a balcony, offering residents a place to relax and enjoy the outdoors.
Amenities and Facilities
978 Toa Payoh North offers a wide range of amenities and facilities for residents’ convenience and enjoyment. These include:
- BBQ pits
- Children’s playground
- Fitness corner
- Multi-purpose court
- Residents’ network center
The block also features a basement carpark, providing ample parking space for residents.
Market Trends and Property Values
The property market in Toa Payoh has seen steady growth over the years. According to data from the Urban Redevelopment Authority (URA), the median transaction price for HDB flats in Toa Payoh increased from $370,000 in 2015 to $485,000 in 2022. This represents an increase of approximately 31% over a seven-year period.
978 Toa Payoh North has consistently commanded higher prices compared to other HDB blocks in the area. This is due to its prime location, spacious units, and excellent amenities. According to data from real estate portal PropertyGuru, the average transacted price for a 4-room flat at 978 Toa Payoh North in 2022 was $620,000.
Potential for Investment and Appreciation
978 Toa Payoh North presents an attractive investment opportunity for both first-time investors and experienced property buyers. The block’s strategic location, spacious units, and high demand make it a desirable property for both tenants and buyers. The potential for appreciation is also significant, given the continued growth of the property market in Toa Payoh.
Conclusion
978 Toa Payoh North is a highly sought-after HDB block that offers a comfortable and convenient living experience. Its spacious units, excellent amenities, and strategic location make it an ideal choice for families and investors alike. With its continued popularity and potential for appreciation, 978 Toa Payoh North is an excellent investment opportunity for those looking to secure a foothold in Singapore’s dynamic property market.
