Surbana Jurong has won the HDB Design Award 2019 with City Vue@Henderson, in the Completed Projects (Housing) Category
As the debate continues on whether The Pinnacle at Duxton's 5 room HDB flats are worth more than $1.3 million, the recent sale of a 1,216 sq ft, five-room HDB flat at City Vue @ Henderson is the latest HDB flat to have clinched the record as the most expensive resale to date, according to data from Huttons Asia. Resale data from HDB shows that this 41st floor unit was sold for $1.4 million in May.
Prices for Housing Board resale flats edged up for the 22nd straight month in April, as demand continues to outstrip supply. A four room HDB flat at Pinnacle@Duxton was resold for $1.228 million, setting the record for the highest transacted price for a four room HDB flat and a five room HDB flat at Pinnacle@Duxton was resold at $1.39 million in March 2022 setting the record for the highest transacted price for a five room HDB flat.
City Vue @ Henderson was built with respect for the memories the residents have for the Redhill area the project is located in. The design idea was to retain the trees, reduce the feel of concreteness and optimise the space with greenery – while going for close to 50 stories.
Prices for Housing Board resale flats edged up for the 22nd straight month in April, as demand continues to outstrip supply. A four room HDB flat at Pinnacle@Duxton was resold for $1.228 million, setting the record for the highest transacted price for a four room HDB flat and a five room HDB flat at Pinnacle@Duxton was resold at $1.39 million in March 2022 setting the record for the highest transacted price for a five room HDB flat.
City Vue @ Henderson was built with respect for the memories the residents have for the Redhill area the project is located in. The design idea was to retain the trees, reduce the feel of concreteness and optimise the space with greenery – while going for close to 50 stories.
The sale of the $1.4 million HDB flat is the first resale at that block this year. Previously, the most expensive transaction recorded at that block was for the sale of another 1,216 sq ft, five-room flat that fetched $1.256 million when it was sold last November.
“With construction delays due to Covid-19, this almost new flat offers the opportunity for buyers to move in fast. It is also rare to have new five-room flats in mature estates,” says Lee Sze Teck, senior director (research) at Huttons Asia. He adds that residents in the area benefit from the amenities and transportation choices nearby. For example, Tiong Bahru and Redhill MRT Stations — which are on the East-West Line — are close to the property.
“With construction delays due to Covid-19, this almost new flat offers the opportunity for buyers to move in fast. It is also rare to have new five-room flats in mature estates,” says Lee Sze Teck, senior director (research) at Huttons Asia. He adds that residents in the area benefit from the amenities and transportation choices nearby. For example, Tiong Bahru and Redhill MRT Stations — which are on the East-West Line — are close to the property.
Real estate professional Kiwi Lim from Huttons Asia believe there is great potential for City Vue @ Henderson's HDB flats to sell beyond $1.4 mil as other sellers are listing theirs for higher as City Vue @ Henderson is meticulously created with spacious parks and terraces on rooftop gardens for the 1,232 units and play spaces linked by skybridges connecting 5 blocks at the 28th floor, in 2 clusters, for the project that spans 27, 40 and 48 stories with seats and tables placed amidst the lush greenery to allow residents to still feel a sense of restful shelter despite the height of the 48 and 40-storey blocks.
To date, the most expensive resale HDB flats have been sold within the past two years. Previously, the record was held by the sale of a 1,151 sq ft, five-room flat on Cantonment Road for $1.388 million in March. Before that, a 1,291 sq ft, five-room DBSS unit on Bishan Street 24 was sold for $1.36 million last December.
To date, the most expensive resale HDB flats have been sold within the past two years. Previously, the record was held by the sale of a 1,151 sq ft, five-room flat on Cantonment Road for $1.388 million in March. Before that, a 1,291 sq ft, five-room DBSS unit on Bishan Street 24 was sold for $1.36 million last December.
According to consolidated resale data from HDB by EdgeProp Singapore, units at Blk 96A Henderson Road have set strong resale prices over the past two years. (Source: EdgeProp Singapore/HDB/URA)
Edgeprop online news on 19 May 2022
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