Record Resale Price Achieved for Singapore Flat
In a notable transaction within Singapore’s real estate sector, a five-room public housing flat has reached an unprecedented resale price of SGD1.73 million (approximately USD1.36 million). This remarkable event underscores the dynamic nature of the local property market and the continuing demand for well-located housing units.
The recently sold unit is situated at 96A Henderson Road in the City Vue @ Henderson development, which is overseen by the Housing and Development Board (HDB), Singapore’s governing body for public housing. This particular flat occupies a position between the 46th and 48th floors, providing its residents with expansive views and an impressive living space measuring 113 square meters.
This sale eclipses the previous record set just two months prior when another five-room flat located at 92 Dawson Road was sold for SGD1.7 million. The earlier unit was slightly larger at 122 square meters and had a remaining lease of about 89 years compared to City Vue’s remaining lease of 92 years.
City Vue @ Henderson: A Desirable Location
City Vue @ Henderson is strategically positioned between two MRT stations, Redhill and Tiong Bahru, ensuring convenient access to public transport and other urban amenities. Its location not only enhances accessibility but also places it within close reach of various facilities essential for daily living.
The development features blocks that rise between 40 to 48 stories high, with higher-level apartments offering breathtaking views over the Greater Southern Waterfront—an attractive feature for potential buyers looking for scenic vistas alongside modern living.
A Thriving Educational Landscape
Families considering this area will find it appealing due to its proximity to several reputable educational institutions. Alexandra Primary School and Gan Eng Seng Primary School are both located within one kilometer from this estate, making it an ideal neighborhood for those prioritizing education for their children.
Market Trends in Public Housing
Conclusion: Implications for Future Buyers
Source: Original Article