The 1,001 square feet four-room apartment located at City Vue @ Henderson has established a record within the estate of selling a 4-room apartment on the resale market being sold at $1.08 million ($1,087 per square foot) on June 11, when buyers and sellers agreed to buy. This was higher than earlier records set by a four-room apartment of similar size, which was purchased at $1.04 million ($1,038 per square foot) on the 16th of March. A further 1,001 square feet four-room house was purchased at $1.039 million ($1,038 per square foot) on the 25th of October 2022.
Jermain Eu who is PropNex Realty’s associate adviser and seller’s representative, concluded the deal. This was the first time he has successfully completed a resale transaction since he became an agent in the middle of the year. Eu is also a part of a division led by seasoned agent Aaron Wan.
Eu was able to market the four-room apartment as he went door-to-door in City Vue @ Henderson in May of this year. Eu claims that several properties within the estate have passed their maximum occupancy in the past few months.
That’s how he met the owner of the property that was seeking to relocate to a different location since her apartment was at its MOP this year. Eu claims that the seller was a recipient from this Selective En bloc Redevelopment Scheme (Sers) exercise.
The four-room house, situated between the 30th and 33rd floor of 95C Henderson Road, features views of the River Valley and Orchard Road areas. Eu says he began advertising the for sale towards around the middle of May, and organized 15 viewings for potential buyers.
That’s how he met the person selling the flat who was planning to relocate to a different region since her home was at its MOP last year. Eu claims the owner was one of the beneficiaries from this Selective En bloc Redevelopment Scheme (Sers) exercise.
The four-room apartment, which is located between the 30th and 33rd floors at 95C Henderson Road, features views of the River Valley and Orchard Road areas. Eu says he began actively marketing the auction at around the middle of May. He organized 15 viewings for potential buyers.
Eu believes that the limited available BTO supply and the increasing amount of flats that have reached their MOP, will cause an increase in prices in this region. Eu predicts that the sellers would be in an advantage in negotiations because of the area’s attraction, allowing them to demand higher prices without hesitation.
In the region five-room apartments are currently listed at or above $1.3 million. This year an all-time record sales of 1,216 square foot unit located on the 41st floor of the building was sold at $1.4 million ($1,151 per sq ft) on May 18 which was the highest-priced HDB resales transaction. But, the record was subsequently surpassed with the purchase of a huge apartment located in Tiong Bahru, reportedly sold for $1.5 million in June.