HDB flat at Blk 96A Henderson Road sold for $1.4 mil

The purchase of a 1,216 square foot five-room HDB flat in City Vue @ Henderson is the most recent HDB flat to hold the title of being the most expensive resales in the past, according to information from Huttons Asia. Resales from HDB indicates that the 41st floor flat was purchased for $1.4 million back in the month of May.

The Reserve Residences Jalan Anak Bukit is expected to yield up to 845 residential units with about 20,000 sqm set aside for commercial use.

City Vue @ Henderson, situated at the intersection at the intersection of Henderson Road and Tiong Bahru Road It is made up of five HDB blocks that are made up of two-to five-room HDB flats. The block in which the record-setting property was sold is located at the 96A Henderson Road, which is an eight-storey building that has stunning views of the neighborhood.

The purchase of this $1.4 million HDB flat is the first resale of the block this year. Prior to that, the highest-priced transaction at the block was the purchase of another 1,216 square feet five-room house that was worth $1.256 million at the time it was sold in November.

It is also possible that this record-setting price will be reverted within a short time since a similar five-room apartment in this block available for sale at $1.5 million. It is yet to be determined whether this unit is going to be sold at the current price.

“With construction delays caused by Covid-19, this nearly new property is a chance for buyers to purchase quick. It’s also uncommon to find new five-room apartments in estates that are mature,” says Lee Sze Teck the director of senior (research) of Huttons Asia. He says that the residents of the area are benefited by the facilities and transportation options close by. For instance, Tiong Bahru and Redhill MRT Stations that are located on the East-West Line — are near the property.

So far, the most expensive resales HDB flats have been sold over the last two years. In the past, the record was achieved by the sale the 1,151 sq ft five-room flat located on Cantonment Road for $1.388 million in March. Prior to that, a 1,291 square feet five-room DBSS unit located on Bishan Street 24 , was bought for $1.36 million in December.