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.
“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.
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.