The Housing & Development Board (HDB) resale market in Sengkang recently witnessed a historic transaction, as a five-room flat at 279B Sengkang East Avenue was sold for a record-breaking S$1.058 million.
This sale, which clinched the title of Sengkang’s fifth million-dollar HDB resale, has set a new benchmark for the town. The 112 sqm unit, located in Compassvale Ancilla, boasts nearly 90 years left on its lease and offers stunning unblocked views due to its high corner floor positioning.
According to Huttons Asia associate division director Kayden Siow, the exceptional selling price of the Compassvale Ancilla unit can be attributed to various factors. Siow emphasised that the flat’s prime location, which is in close proximity to public transportation facilities including Buangkok MRT station and two LRT stations, significantly contributed to its high resale value.
Additionally, the unit being adjacent to Compassvale Ancilla Park and a short distance from Sengkang Grand Mall, providing access to various amenities and conveniences, further enhances its appeal to potential buyers.
The recent sale at Compassvale Ancilla surpasses the previous Sengkang HDB resale record set in November 2024, with multiple million-dollar transactions paving the way for this groundbreaking deal.
Notably, the town’s first seven-figure HDB sale occurred in April 2024 when a maisonette at 205B Compassvale Lane was purchased for S$1 million, followed by subsequent million-dollar transactions in the area over the next few months.
These transactions included a maisonette at 102 Rivervale Walk changing hands for S$1.005 million, a five-room flat at 216B Compassvale Drive selling for S$1 million, and another unit in the same block fetching S$1.05 million in November 2024.
The surge in million-dollar HDB deals in Sengkang reflects the town’s growing appeal among buyers seeking premium properties with excellent amenities and strategic locations.
As property values continue to rise and demand for well-located housing units remains strong, it is anticipated that Sengkang will continue to attract attention from prospective homeowners and investors looking to capitalise on the vibrant real estate market in the area.
