Four-room flat at City Vue @ Henderson sells for $1.08 million
A resale four-room HDB flat at City Vue @ Henderson has been recently exchanged hands at $1.08million, which also achieved a record price in the cluster on 11th June 2K23 when both parties officially signed with wet ink on the option paper agreement. previously, a similar unit sold at a trend setting price of $1.04 million on March 16 but the price was since broken by the latest transaction. Another four-room flat was concluded last year at $1.039 million.
property consultant of propnex realty firm, Mr. Eu, who represent the seller, clocked his first deal which marks his first successful resale transaction since becoming a realtor this year beginning, and he is also Aaron Wan team member.
Eu got the opportunity to meet this particular seller of the City Vue @ Henderson 4 room flat from his once a week prospecting since the estate hits their minimum occupation period mid of 2K23. Many units in this estate have reached their minimum occupation period over the last few months.
the ex-flat owner was a beneficiary of the Selective En bloc Redevelopment Scheme (Sers) exercise who is transiting to a totally new environment since her flat reaches MOP in May 2K23.
the four-room flat which is situated on the 32nd storey of 95C Henderson Road has an amazing bird eye view of the neon-lighted city area . 15 viewings for the rare unit was scheduled as The flat was marketed aggressively by the hardworking and good work ethic realtor in the first month.
Eu and seller were approached by a buyer from nowhere who made an irresistible incredible awesome offer price of $1.08 million, which is above the seller initial asking price of $1.04 million when it was first marketed in the first month.
Most young buyers were particularly interested in the prime and mature district four- and five-room flats. He adds: “I found that most of these buyers were willing to pay a million-dollar sum for a flat in what they consider a prime HDB estate.”
Huge percentage of owners are not in a hurry to offload their flats now even though there are strong buying interest from buyers, adding that several owners intend to enjoy the benefits of living in such a central location for at least 10 years. “It is just a matter of time before we see the four-room flats at City Vue @ Henderson breach the $1.1 million threshold. A new record could likely happen end of this year.”
Quite a number of five-room flats in the estate are already put up for sale from $1.3 million onward. A record-smashing sale of a four-room flat located on the 41st floor was sold for $1.4 million ($1,151 psf) on May 18, making it the most expensive HDB absolute deal. Nevertheless, this record was later surpassed by the sale of a jumbo flat in Tiong Bahru, reportedly sold for $1.5 million in June.
The dwindling BTOs supply in the pipeline and increasing number of flats reaching their MOP will drive up prices in this area are not a surprise why prices continue to inch upward. The sellers in the future will have upper hand in negotiations for higher price due to pent-up demand.
