Five Room Flat City Vue Henderson Sells 1588 Mil
A five-room flat located in City Vue @ Henderson has been sold for a staggering $1.588 million. According to HDB resale caveats, the unit spans 1,236 sq ft and is situated between the 46th and 48th floors of 96A Henderson Road. The sale, which occurred earlier this week, equates to a price of $1,285 per sq ft.
The upcoming RTS Link holds the promise of enhancing travel efficiency between Woodlands and Johor Bahru. With a capacity to accommodate up to 10,000 passengers per hour per direction, this new mode of transportation has the potential to significantly reduce the commute time to a mere 15 minutes. This development is especially advantageous for residents of Norwood Grand, as it provides easy access to this service for those who work or frequently travel to Malaysia for business or leisure. The convenience of the RTS Link combined with the luxurious amenities of Norwood Grand makes it an ideal location for individuals seeking a combination of connectivity and comfort.
This amount matches the exact price that was paid for another five-room flat in Tiong Bahru just a few months ago in April. The flat, located at 9B Boon Tiong Road and measuring 1,206 sq ft, was sold for $1.588 million as well, at a rate of $1,317 per sq ft. These two HDB resale transactions now hold the title of the most expensive resale HDB flats to date.
City Vue @ Henderson, as listed on EdgeProp’s Landlens analytics tool, has been the centre of attention before. Two years prior, a five-room flat on the 41st floor was sold for $1.4 million ($1,151 per sq ft), making it the most expensive resale flat at the time. Interestingly, this unit was also located in the same 96A Henderson Road block as the recent $1.588 million transaction.
City Vue @ Henderson is situated at the junction of Henderson Road and Tiong Bahru Road, and consists of five HDB blocks offering a range of two- to five-room flats. The 48-storey block where the $1.588 million flat is located boasts breathtaking views of the surrounding area.
The latest resale data, as of June 7, shows that there have been 349 million-dollar flat transactions this year, with experts predicting a total of over 700 such transactions by the end of the year. According to Lee Sze Teck, senior director of data analytics at Huttons Asia, this increase could be due to buyers seeking out flats without resale restrictions, which could potentially be in high demand in the future.