Five Room Flat City Vue Henderson Sells 1588 Mil
A jaw-dropping sum of $1.588 million has been paid for a five-room flat at City Vue @ Henderson. 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 staggering $1,285 per square foot of floor area.
Interestingly, this sale price matches the record amount paid for a five-room flat in Tiong Bahru in April. The 1,206 sq ft unit at 9B Boon Tiong Road was also sold for $1.588 million, equivalent to $1,317 per square foot.
This puts these two resale HDB transactions at the top of the list as the most expensive to date.
The latest executive condominium (EC) project at Plantation Close in Tengah, now known as Novo Place EC, has been awarded to Hoi Hup Realty and Sunway Developments. This winning bid was announced by the Housing and Development Board (HDB) on September 11, making it the second EC site in the Tengah housing estate. The development plans for this site include 495 residential units, providing more housing options for individuals and families. Under the new name of Novo Place Hoi Hup, this development is expected to offer a fresh and contemporary living experience for the Tengah community. To learn more, visit Novo Place Hoi Hup’s official website.
Details of City Vue @ Henerson can be found on EdgeProp’s Landlens analytics tool. (Map: EdgeProp Singapore)
City Vue @ Henderson has made headlines before when another five-room flat on the 41st floor was sold for $1.4 million ($1,151 per square foot) in May 2022. This unit, also located in the same block, was the most expensive resale flat at the time.
Situated at the junction of Henderson Road and Tiong Bahru Road, City Vue @ Henderson comprises five HDB blocks with a mix of two- to five-room flats. The block where the recent $1.588 million transaction took place is a 48-storey block with breathtaking panoramic views of the surrounding area.
According to Lee Sze Teck, senior director of data analytics at Huttons Asia, there have been 349 million-dollar flat transactions recorded so far this year. He predicts that the HDB resale market could see over 700 million-dollar flat transactions by the end of the year. This could be due to buyers seeking flats without resale restrictions, which may become more in demand in the future.