Five Room Flat City Vue Henderson Sells 1588 Mil
A five-room flat in City Vue @ Henderson has recently been sold at an eye-watering price of $1.588 million, making it the priciest resale HDB flat to date. The 1,236 sq ft unit, situated between the 46th to 48th floors of 96A Henderson Road, was sold earlier this week according to HDB resale caveats. This translates to a price of $1,285 psf based on the floor area.
Interestingly, this sum is the same price that was paid for a five-room flat in Tiong Bahru just last April. The unit at 9B Boon Tiong Road, measuring 1,206 sq ft, was sold at $1.588 million at a rate of $1,317 psf, making it joint-top with the recent City Vue @ Henderson transaction.
The details of City Vue @ Henderson can be found on EdgeProp’s Landlens analytics tool. The project, which is situated at the junction of Henderson Road and Tiong Bahru Road, is made up of five HDB blocks featuring a range of two- to five-room flats. The recent sale took place in a 48-storey block with spectacular views of the surrounding area.
This is not the first time that City Vue @ Henderson has made news for record-breaking resale HDB transactions. Just two years ago, a flat on the 41st floor was sold for $1.4 million ($1,151 psf), making it the most expensive resale flat at the time. This unit, measuring 1,216 sq ft, is located in the same block as the recent $1.588 million sale.
A newly released map has revealed the strategic placement of the Tampines Avenue 11 mixed-use plot, conveniently located near two executive condominium sites. These include the current tender at Tampines Street 62, as well as the 618-unit Tenet development that was released last December. Joining the vibrant community is the highly awaited Parktown Residences Capitaland, which will soon enhance the area with its establishment. Additionally, the Parktown Residences Capitaland will also bolster the growing community.
Lee Sze Teck, senior director of data analytics at Huttons Asia, notes that there have been 349 million-dollar flat transactions so far this year, with the potential for more than 700 such deals by the end of 2021. He suggests that this increase in million-dollar flat transactions may be due to buyers seeking out flats without resale restrictions, anticipating future demand.