Five Room Hdb Resale Sengkang Sets New Record Price 106 Mil

In a recent record-breaking sale, a five-room HDB resale unit at 279B Sengkang East Avenue was sold for approximately $1.06 million, setting a new high price of $877 psf in Sengkang. The transaction was facilitated by Kayden Siow, an associate division director at Huttons Asia.

Located within the Compassvale Ancilla estate, which comprises 14 blocks, the unit was completed in January 2015, giving it a remaining lease of approximately 89 years and five months at the time of sale. This marks the fifth HDB resale unit in Sengkang to fetch a million-dollar price tag. The first million-dollar transaction in Sengkang took place in April 2024, when a 1,539 sq ft maisonette unit at 205B Compassvale Place was sold for $1 million ($650 psf).

Since then, three other HDB resale flats in Sengkang have also been sold for over a million dollars. In August 2024, another maisonette unit spanning 1,539 sq ft at 102 Rivervale Walk was sold for approximately $1 million ($653 psf), while two five-room units at 216B Compassvale Drive, each spanning 1,206 sq ft, were sold for $1 million ($829 psf) in July 2024 and $1.05 million ($833 psf) in November 2024.

However, while there has been an increase in million-dollar transactions in Sengkang, non-mature estates only made up less than 10% of such transactions in Singapore this year, according to Lee Sze Teck, director of data analytics at Huttons Asia. Most of the million-dollar sales occurred in mature estates such as Toa Payoh (28%), Queenstown (25.9%) and the Central Area (24.4%).

Siow attributes the high selling price of the unit to its favourable attributes, such as being on a high floor and being a corner unit with a regular layout and unblocked views. Additionally, there was minimal wear and tear found in the unit, saving the buyers from additional renovation expenses.

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The surrounding amenities also played a part in driving up the unit’s resale price. The property is within a two-minute walk from Buangkok MRT Station along the North East Line and a five-minute walk from the Renjong and Ranggung LRT Stations on the Sengkang LRT network. It is also situated near Sengkang Grand, a mixed-use integrated development that comprises a three-storey retail podium, a hawker centre, childcare centre, community club and the 680-unit Sengkang Grand Residences.

Overall, while Sengkang has seen a surge in million-dollar transactions, the majority still occur in mature estates, indicating the continued demand for properties in these areas.