An adjoined resale flat in Tiong Bahru with just over 51 years of lease left fetched more than a million dollars this month.

The unit at Block 43 Moh Guan Terrace was sold for $1,088,000, Housing Board data showed.

PropNex real estate agent Wong Han Yee, who closed the deal, said the flat is a rare gem because of its size and location.

The unit, which started its lease in 1973, is 131 sq m and listed as a four-room flat. It was created by joining two two-room flats.

Ms Wong told The New Paper on Sunday: "It is in a central location, being a short walk from Tiong Bahru MRT station, and will also be a short distance from the upcoming Havelock station, which will be two stops from Orchard station."

She added that when the property was put up for sale in the third quarter of last year, there were many interested parties, most of them with relatively young families.

The unit is about the size of a jumbo flat, which is not normally found in central areas but in the heartland, such as Woodlands and Yishun. The structure of the flat also allows for most of the walls to be knocked down, giving the owner the freedom to reconfigure his space.

"Buyers who look for flats in this area are drawn to its old-world charm. Moh Guan Terrace has walk-up apartments that are not your usual cookie-cutter type of flat and have a distinctive look," said Ms Wong.