News > Record-breaking $1.588 million for a 5-room HDB flat at Block 96A Henderson Road (City Vue @ Henderson)
Record-breaking $1.588 million for a 5-room HDB flat at Block 96A Henderson Road (City Vue @ Henderson)
13 June 2024
$1.588 million for a 5-room HDB flat at Block 96A Henderson Road (City Vue @ Henderson HDB)
On June 1st, 2024, RealInsight recorded a historic sale of a 5-room HDB flat at Block 96A Henderson Road (City Vue @ Henderson HDB) for $1.588 million. This high-floor unit, spanning 1,216 sqft, achieved a record-breaking price of $1,305.6 per square foot (PSF). Remarkably, this transaction matches another 5-room flat sale at 9B Boon Tiong Road, which also sold for $1.588 million on April 11, 2024, making them the most expensive HDB transactions of the year.
For 4-room flats within the same development, the most expensive transaction was from a unit at Block 95C, which was sold for $1.155 million in January 2024. This high-floor unit, with an area of 1,001 sqft, fetched a price of $1,153.8 PSF.
Throughout 2024, City Vue @ Henderson HDB saw eight million-dollar transactions, with 2 surpassing the $1.5 million mark. The first transaction to break this threshold occurred on May 27, 2024, with a high-floor 5-room flat selling for $1.5 million. The other transaction is the one mentioned in this article.
Interestingly, five out of the eight million-dollar transactions took place within a single week from May 25 to June 1, highlighting a significant surge in high-value sales during this period (see table below). Would this set a new standard for future transactions within this project?
Table: Million-dollar HDB transactions at City Vue @ Henderson in 2024. To see the full list, access RealInsight here.
City Vue @ Henderson is a HDB development located along Henderson Road in District 03, Bukit Merah. Completed in 2019 (94-year lease left), it consists of 5 blocks with a total of 1,232 units, ranging from 3 to 5 rooms. The average transacted price in the past 3 years has ranged from $952 to $1,123 PSF. The project is conveniently located within 8-minute walk from Redhill and Tiong Bahru MRT Stations (East West Line).
Million-dollar HDB Transactions in 2024
As of the date of this article, there have been a total of 415 million-dollar HDB transactions. The most expensive sales have occurred mainly in District 03 (Bukit Merah) and District 12 (Toa Payoh). The top five most expensive HDB transactions to date are:
Table: Top 5 Million-dollar HDB transactions in Singapore in 2024, as of 13 June 2024. To see the full list, access RealInsight here.
*Data is accurate as of the published date of this article.
*Disclaimer: Our real-time database is updated every time a transaction is submitted by an agency. While we strive to maintain the accuracy and completeness of the data, please note that transactions may not always be completed, and information provided may be subject to change or error.
All analytical and visually interpreted data in this report is powered by RealInsight, a powerful tool for property developers, investors and institutions. It offers a complete solution for development planning or portfolio building by providing access to real-time data regarding properties, developers, land sales and data analytics tool for market research and reports. Find out more about RealInsight here.
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Continue to read our other data insights articles:
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