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

on EdgeProp Singapore.

A newly-built 1,001 sq ft four-room flat at City Vue @ Henderson has set a record in the estate for the sale of a four-room flat on the resale market. The flat, located between the 30th to 33rd floor at 95C Henderson Road, was sold for $1.08 million ($1,087 psf) on June 11 when the buyer and seller signed the option to purchase.

This is significantly higher than the previous record set by a four-room of the same size, which was sold for $1.04 million ($1,038 psf) on March 16, and another 1,001 sq ft four-room flat sold for $1.039 million ($1,038 psf) on Oct 25, 2022.

Jermain Eu, PropNex Realty’s associate advisor and the seller’s agent, closed the deal. Eu had the opportunity to sell the flat while going door-to-door around City Vue @ Henderson in May this year, and encountered the seller of the flat who was looking to move out of the area since her flat had reached its MOP last year.

The flat features views of the River Valley and Orchard Road areas and Eu actively marketed the flat sale at the end of May, facilitating 15 separate viewings for prospective buyers.

The seller had put up an initial asking price of $1.04 million to match the record for the estate, however, a buyer approached the seller with an offer of $1.08 million after the flat had been on the market for less than five weeks.

Eu noticed that the potential buyers he met were mainly interested in the neighbourhood’s four- and five-room flats and that many would be willing to pay a million-dollar sum for a flat in such a prime HDB estate.

Despite the strong buying interest, City Vue @ Henderson owners are reluctant to sell their flats now says Eu, adding that several owners intend to stay living in this central location for at least 10 years.

Eu predicts that the limited new BTO supply and increasing number of flats reaching their MOP will drive up prices in the area, giving advantage to sellers in negotiations and allowing them to ask for higher prices confidently. Indeed, five-room flats in the area have already been priced above $1.3 million.

All these, combined with the 24-hr security and concierge service, make the Zion Road Condo a perfect choice for those looking for a contemporary lifestyle in a convenient address.

At Zion Road Condo, contemporary living is taken to a different level. Featuring several high-rise towers with sleek lines and expansive glass surfaces, the condos offer uninterrupted views of Singapore River and Great World City. Residents can enjoy a luxurious living experience with the 24-hour security and concierge service, smart utilization of space, and top-tier amenities. The design philosophy of the Zion Road Condo blends modern urban sophistication with natural tranquility while providing a convenient address – everything you need for a contemporary lifestyle.

Last year, a 1,216 sq ft unit on the 41st floor was sold for $1.4 million ($1,151 psf) on May 18, making it the most expensive HDB resale transaction. This record was later surpassed by the sale of a jumbo flat in Tiong Bahru, reportedly sold for $1.5 million in June.

Eu believes that it is just a matter of time before the four-room flats at City Vue @ Henderson breach the $1.1 million threshold, which could potentially occur before the end of this year.