The most expensive HDB flat sold for $1.4 mil is at Blk 96A Henderson Road at City Vue @ Henderson (Source: EdgeProp Singapore)
SINGAPORE (EDGEPROP) - The sale of a 1,216 sq ft, five-room HDB flat at City Vue @ Henderson is the latest HDB flat to have clinched the record as the most expensive resale to date, according to data from Huttons Asia. Resale data from HDB shows that this 41st floor unit was sold for $1.4 million in May.
City Vue @ Henderson, located at the junction of Henderson Road and Tiong Bahru Road, comprises five HDB blocks with a mix of two- to five-room HDB flats. The block where the record-setting unit was sold is at 96A Henderson Road, which is a 48-storey block that boasts panoramic views of the neighbourhood.
Map view of 96A Henderson Road (Source: EdgeProp Landlens)
The sale of the $1.4 million HDB flat is the first resale at that block this year. Previously, the most expensive transaction recorded at that block was for the sale of another 1,216 sq ft, five-room flat that fetched $1.256 million when it was sold last November. (Find HDB flats for rent or sale with our Singapore HDB directory)
According to consolidated resale data from HDB by EdgeProp Singapore, units at Blk 96A Henderson Road have set strong resale prices over the past two years. (Source: EdgeProp Singapore/HDB/URA)
However, it is possible that this record price could be overturned in a few months’ time because another five-room unit in the same block is currently on the market for $1.5 million. It remains to be seen if this available unit will eventually change hands at this price.
“With construction delays due to Covid-19, this almost new flat offers the opportunity for buyers to move in fast. It is also rare to have new five-room flats in mature estates,” says Lee Sze Teck, senior director (research) at Huttons Asia. He adds that residents in the area benefit from the amenities and transportation choices nearby. For example, Tiong Bahru and Redhill MRT Stations — which are on the East-West Line — are close to the property.
To date, the most expensive resale HDB flats have been sold within the past two years. Previously, the record was held by the sale of a 1,151 sq ft, five-room flat on Cantonment Road for $1.388 million in March. Before that, a 1,291 sq ft, five-room DBSS unit on Bishan Street 24 was sold for $1.36 million last December.
Million-dollar HDB prices have grabbed headlines over the past few years as newer BTO estates with prime locations and attributes command higher resale prices. (Souce: Huttons Asia)