5-room HDB flat at City Vue @ Henderson sets record with $1.588m sale

Huttons expects over 700 million-dollar flats to transact this year. 

A five-room HDB flat at City Vue @ Henderson has changed hands for a staggering $1.588m in June, making it the most expensive public housing unit to ever transact.

The transaction for the flat in Bukit Merah broke the previous record of a $1.57m five-room flat sold in Toa Payoh.

This brings the number of HDB homes that sold for at least $1m to over 349 flats as of 7 June, according to Lee Sze Teck, senior director for data analytics at Huttons.

For full-year 2024, Lee expects this tally to more than double and reach over 700 transactions by year-end as this type of prime housing gains traction.

“More could be due to buyers looking for flats that do not have resale restrictions and could be in demand in the future,” he added.