Five-room HDB flat at Henderson Road sells for S$1.728 million, near national record
A five-room HDB flat at 96A Henderson Road sold for S$1.728 million in April 2026, setting a new benchmark within its development and highlighting sustained demand for centrally located public housing.
- Henderson Road flat sold for S$1.728 million, among highest HDB resale prices recorded.
- Central location, long lease and views contributed to strong buyer demand.
- Million-dollar HDB transactions increased in Q1 2026 despite slight price decline.
SINGAPORE: A five-room Housing and Development Board (HDB) flat at 96A Henderson Road was sold for S$1.728 million in April 2026, setting a new record price within its development.
The unit is part of the City Vue @ Henderson project.
The transaction places the flat among the most expensive HDB resale units in Singapore, although the national record remains a S$1.73 million unit at SkyOasis @ Dawson sold in June 2024.
The Henderson Road flat is located between the 46th and 48th floors and spans 113 square metres, or about 1,216 square feet. This translates to approximately S$1,421 per square foot.
The unit also carries a remaining lease of 92 years and one month, with the lease having commenced in 2019.
Previous benchmark surpassed
The latest sale surpasses the previous HDB resale record set in February 2026.
That transaction involved a five-room flat at 92 Dawson Road, which changed hands for S$1.7 million.
That earlier unit had a price of about S$1,295 per square foot and measured 1,313 square feet. It also had a remaining lease of approximately 89 years.
The Henderson Road deal therefore represents both a higher absolute price and a significantly higher price per square foot.
Location and attributes drive demand
City Vue @ Henderson is situated on the city fringe, between the mature residential estates of Tiong Bahru, Redhill and Bukit Merah.
According to EdgeProp, the development remains within easy reach of key areas such as the Central Business District, Orchard Road and the Greater Southern Waterfront.
The project is also located near several employment and lifestyle nodes. Tiong Bahru and Outram lie to the east, while Alexandra, HarbourFront and the wider southern corridor are a short drive away.
This positioning has broadened its appeal beyond traditional HDB upgraders. Buyers seeking a central address without the cost of private housing have shown particular interest.
Higher-floor units in the development reportedly enjoy unblocked views of the Southern Waterfront. Some units also overlook the Singapore Flyer and the Central Business District skyline in the distance.
Connectivity and amenities enhance appeal
The flat is located between Redhill and Tiong Bahru MRT stations, both within a 10-minute walk. This provides convenient access to the rest of the island.
Residents also benefit from nearby amenities, including Tiong Bahru Plaza, Valley Point and Great World.
Neighbourhood conveniences in Bukit Merah further enhance the area’s attractiveness. The vicinity also includes hawker centres, pre-schools and Henderson Community Club.
Several primary schools, including Alexandra Primary School and Gan Eng Seng Primary School, are located within a one-kilometre radius.
Earlier transactions in the same block indicate steady price growth.
In 2022, a five-room unit on the 41st storey of the same block was sold for S$1.4 million.
Million-dollar deals continue to rise
Despite a slight decline in overall HDB prices, high-value transactions have continued to increase.
HDB resale prices fell by 0.1 per cent quarter-on-quarter in the first quarter of 2026. However, the number of million-dollar deals rose during the same period.
Data from PropNex showed that at least 412 resale flats were sold for S$1 million or more in Q1 2026.
This marked an increase of nearly 18 per cent compared with the 350 such transactions recorded in the previous quarter.
The transactions included 190 four-room flats, 143 five-room flats, 78 executive flats and one multi-generation unit.
Approximately 15 per cent of these sales involved flats with a remaining lease of 94 years or more. This suggests that many of these units had only recently met the five-year minimum occupation period requirement.
Such flats were located in developments including Northshore StraitsView in Punggol, SkyParc @ Dawson and projects in the Bidadari estate.
Chee Hong Tat: Around 6% of HDB resale flats crossed S$1m in 2025
During the Parliamentary sitting on 7 April, National Development Minister Chee Hong Tat said about 6 per cent of HDB resale flats were transacted at above S$1 million in 2025, in response to query filed by Workers’ Party MP Abdul Muhaimin Abdul Malik.
Abdul Muhaimin asked whether the Ministry is concerned that million-dollar resale flat transactions surged by 54.7% to 1,594 units in 2025, even as overall price growth moderated to 2.9%, and what measures the Government is considering to moderate such transactions and safeguard public confidence in public housing affordability.
Chee emphasised that resale flat prices are determined by market forces, based on agreements between buyers and sellers and influenced by location and flat attributes.
He added that despite the rise in million-dollar transactions, the resale market continues to offer a wide range of options catering to different budgets and needs.
