Four-room flat at City Vue @ Henderson sells for $1.08 million
A four-room resale HDB at City Vue @ Henderson has recently been transacted at a record price in the estate for $1.08 million on 11th June 2K23 when both buyer and seller pen down their signatures on the dotted lines of the sales agreement. Prior to this new triumphed record, the previous transacted price set by a four-room of the same size was sold for $1.04 million ($1,038 psf) on March 16 . Another four-room flat was transacted last year for $1.039 million.
PropNex Realty’s property consultant Mr. Eu who acts on behalf of the seller concluded this sale. Since becoming a property broker at the start of this year, and he is also Aaron Wan team member, This marks his number one successful resale transaction.
This seller of City Vue @ Henderson 4 room flat was chanced upon by Eu from his door knocking activity since the estate hits their minimum occupation period this year. Many units in this estate have also hit their minimum occupation period recently.
The flat owner was a beneficiary of the Selective En bloc Redevelopment Scheme (Sers) exercise who is looking to relocate to a new environment since her flat hits its MOP last year met Eu.
Located on the 32nd storey at Block 95C Henderson Road, the four-room flat looks out to the city fringe area with spectacular view. Eu marketed The flat for sale aggressively and arranged 15 separate viewers for viewing pleasure and of the unit. An offer of $1.08 million was made by a rare buyer who approached them, above the seller indicative price of $1.04million, within 2 months marketing in the market for sale.
. He adds that The keen buyers were mainly interested in the district four- and five-room flats and they are very willing to pay million dollars for the location and the city view in prime matured HDB enclave.
Majority of City Vue @ Henderson owners are not eager to dispose their flats now Despite the strong demand from buyers who can pay high price, adding that several owners intend to enjoy the benefits of living in such a central location for the next 10 years while waiting for the rejuvenation of the Greater Southern Waterfront living. “It is just a matter of time before we see the four-room flats at City Vue @ Henderson crossed the $1.1 million mark, setting another record. This could happen before the end of this year.”
The limited supply of BTOs and increasing number of flats reaching their MOP will drive up prices in this area are not a surprise why prices are driven up. This aided the future sellers in negotiations due to the limited supply, allowing them to ask for rocket price naturally.
Several five-room flats are already out up for sale at $1.3 million onward. A record-smashing price of $1.4 million of a unit on the 41st floor was done deal on May 18, making it the most expensive HDB resale transaction. However, this record was later surpassed by the sale of a jumbo flat in Tiong Bahru, reportedly sold for $1.5 million in June.
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