Singapore HDB Resale Market Hits Fresh Peak: 5-Room Flat Sells for $1.728 Million
The Singapore public housing market has reached a new milestone as a five-room flat at City Vue @ Henderson has set a fresh all-time record for HDB resale prices. The unit, located in the Bukit Merah planning area, sold for $1.728 million
, surpassing previous benchmarks and signaling a continuing trend of high demand for premium, well-located public housing.
Breaking Down the Record-Breaking Sale
The record-setting transaction involves a five-room unit at block 96A Henderson Road. According to reporting from Lianhe Zaobao, the flat is situated on a high floor, specifically between the 46th and 48th storeys, and spans an area of 113 square meters.
This sale eclipses the previous record held by units at SkyTerrace @ Dawson, further cementing City Vue @ Henderson’s status as one of the most coveted HDB developments in the city. The pricing reflects a significant premium, driven by the property’s strategic location and the inherent appeal of high-floor units in the Bukit Merah region.
Why City Vue @ Henderson Commands a Premium
Several factors contribute to the exceptional valuation of units within this development. Market analysts point to a combination of location, accessibility, and scarcity:
- Prime Connectivity: The development is situated between the Tiong Bahru and Redhill MRT stations. According to local reports, the flat is approximately 600 meters from both stations, making it a highly convenient option for commuters.
- Urban Amenities: The proximity to local hawker centers and established neighborhoods in Bukit Merah adds significant lifestyle value.
- The “High-Floor” Effect: In the HDB market, units on higher floors often command a premium due to better views, reduced noise pollution, and increased natural light. This specific unit’s position between the 46th and 48th floors played a critical role in its record-breaking price.
Key Takeaways: The Shift in HDB Valuations
- New Benchmark: The $1.728 million price point establishes a new ceiling for 5-room resale flats.
- Location Dominance: Bukit Merah continues to be a hotspot for high-value HDB transactions, rivaling prime districts.
- Price per Square Foot: The sale translates to a high price-per-square-foot (psf) ratio, reflecting a “condominium-like” pricing strategy for premium HDBs.
Frequently Asked Questions
Is this the most expensive HDB flat ever sold?
As of May 2026, this specific five-room flat at City Vue @ Henderson has set a new record for its category, surpassing previous highs seen at developments like SkyTerrace @ Dawson.
What makes a “5-room” flat different from others?
In the HDB context, a 5-room flat typically consists of three bedrooms and a living room. They are generally larger than 4-room flats and are highly sought after by families or those looking for more living space without moving into a private condominium.
Does this mean all HDB prices are rising?
Not necessarily. Record-breaking sales usually occur in “trophy” units—those with exceptional views, prime locations, or rare floor levels. While these set a benchmark, they do not always reflect the average price increase across all HDB estates.
Future Outlook
The $1.728 million sale is more than just a statistical anomaly; it represents the evolving nature of public housing in Singapore. As the gap between premium HDBs and entry-level private condominiums narrows, “million-dollar flats” are becoming more common in prime locations. Investors and homeowners should expect continued volatility and upward pressure on prices for units in highly desirable clusters, while standard units in non-prime areas may follow a more moderate growth trajectory.