Five-room HDB at City Vue @ Henderson costs document $1.4 mil

Five-room HDB at City Vue @ Henderson costs document $1.4 mil

The sale of a 1,216 sq ft, five-room HDB level at City Vue @ Henderson is the latest HDB level to have clinched the record as one of the most costly resale to date, according to data from Huttons Asia. Resale data from HDB reveals that this 41st floor system was cost $1.4 million in May.

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City Vue @ Henderson, situated at the joint of Henderson Road and Tiong Bahru Road, makes up 5 HDB blocks with a mix of two- to five-room HDB apartments. The block where the record-setting device was sold is at 96A Henderson Road, which is a 48-storey block that flaunts panoramic sights of the area.

The sale of the $1.4 million HDB flat is the initial resale at that block this year. Formerly, one of the most expensive deal recorded at that block was for the sale of an additional 1,216 sq ft, five-room flat that fetched $1.256 million when it was marketed last November.

According to resale data from HDB, systems at Blk 96A Henderson Road have set solid resale costs over the past 2 years.
However, it is possible that this document rate could be rescinded in a couple of months’ time since an additional five-room unit in the same block is currently on the market for $1.5 million. If this offered unit will ultimately alter hands at this cost, it continues to be to be seen.

“With building and construction delays due to Covid-19, this nearly new flat offers the opportunity for customers to move in quickly. It is likewise unusual to have brand-new five-room flats in mature estates,” states Lee Sze Teck, elderly director (research) at Huttons Asia.

To day, the most expensive resale HDB apartments have been marketed within the past 2 years. Previously, the record was held by the sale of a 1,151 sq ft, five-room level on Cantonment Road for $1.388 million in March. Prior to that, a 1,291 sq ft, five-room DBSS system on Bishan Street 24 was sold for $1.36 million last December.

To day, the most pricey resale HDB flats have been sold within the previous 2 years. Previously, the record was held by the sale of a 1,151 sq ft, five-room level on Cantonment Road for $1.388 million in March. Prior to that, a 1,291 sq feet, five-room DBSS device on Bishan Street 24 was sold for $1.36 million last December.

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