Four-room flat at City Vue @ Henderson sells for $1.08 mil

here.A four-room flat at City Vue @ Henderson has broken the estate’s record for the highest resale price, selling for a whopping $1.08 million ($1,087 psf). This marks the first successful resale transaction for Jermain Eu, PropNex Realty’s associate advisor and the seller’s agent.

Located between the 30th to 33rd floor at 95C Henderson Road, the 1,001 sq ft home boasts stunning views of the River Valley and Orchard Road areas. After going door-to-door around City Vue @ Henderson in May, Eu encountered the flat’s owner, a beneficiary of the Selective En bloc Redevelopment Scheme (Sers) exercise, who was looking to move away.

The seller had put up an initial asking price of $1.04 million to match the previous high in the estate, but had an offer of $1.08 million after the flat had been on the market for less than five weeks.

Eu noted that buyers were primarily interested in the area’s four- and five-room flats, stating that “most of these buyers were willing to pay a million-dollar sum for a flat in what they consider a prime HDB estate.”

However, many City Vue @ Henderson owners are reluctant to sell their flats now, according to Eu, who believes that it’s only a matter of time before the four-room flats at City Vue @ Henderson breach the $1.1 million threshold.

Details on recent sales and unit mix at City Vue @ Henderson can be found on EdgeProp Singapore. Eu believes that the limited new BTO supply and increasing number of flats reaching their MOP will drive up prices. Five-room flats in the area are already priced above $1.3 million, and in May last year, a 1,216 sq ft unit on the 41st floor was sold for $1.4 million ($1,151 psf). This record was later surpassed by the sale of a jumbo flat in Tiong Bahru, reportedly sold for $1.5 million in June.

Eu is confident that sellers will have an advantage in negotiations due to City vue @ Henderson’s appeal, allowing them to confidently ask for higher prices. He predicts that the flat he sold will set the new benchmark for such properties in the estate.

Designed by renowned architect and architecture firm, this development features 2 blocks of residential towers with a total of 420 quality homes ranging from 1 to 4 bedrooms. With full condo facilities, stylish and modern interior and generous common area, Champions Way Condo is the perfect choice for those who want a comfortable and hassle-free living experience in Woodlands Condo.

In conclusion, the successful sale of the four-room flat for $1.08 million ($1,087 psf) shows the high demand for prime HDB estates and has given insight into what other City Vue @ Henderson owners can expect to receive for their properties.

0 replies

Leave a Reply

Want to join the discussion?
Feel free to contribute!

Leave a Reply

Your email address will not be published. Required fields are marked *