A 1,206 sq ft, five-room HDB resale unit on the 14th floor of 279B Sengkang East Avenue has sold for about $1.06 million, or $877 psf, earlier this month, setting a new record price in Sengkang. The deal was facilitated by Kayden Siow, associate division director at Huttons Asia.
The unit is part of the Compassvale Ancilla estate which comprises 14 blocks. The project attained its Temporary Occupancy Permit in January 2015. Thus, the unit sold had about 89 years and five months remaining on its lease at the time of the transaction.
A 1,206 sq ft, five-room HDB resale unit on the 14th floor of 279B Sengkang East Avenue has sold for about $1.06 million, or $877 psf. (Photo: Kayden Siow)
This is the fifth HDB resale unit to fetch a seven-figure sum in Sengkang. The town recorded its first million-dollar transaction in April 2024 when a 1,539 sq ft, maisonette unit at 205B Compassvale Place sold for exactly $1 million ($650 psf).
Since then, three other HDB resale flats in Sengkang have joined the million-dollar club. A second maisonette unit spanning 1,539 sq ft at 102 Rivervale Walk changed hands for about $1 million ($653 psf) in August 2024 while a pair of five-room units at 216B Compassvale Drive, each spanning 1,206 sq ft, was sold for $1 million ($829 psf) in July 2024 and $1.05 million ($833 psf) in November 2024.
According to Huttons’ Siow, the record-setting transaction resulted in the sellers making a profit of about $608,000. Seow describes them as a couple in their 40s with three kids. He adds that with the proceeds from the sale, they intend to upgrade to a condo closer to their youngest child’s school. The buyers were a younger couple in their 30s.
While there are more million-dollar transactions occurring in Sengkang, less than 10% of the such transactions recorded in Singapore this year occurred in non-mature estates, points out Lee Sze Teck, director of data analytics at Huttons Asia.
Of the estimated 348 HDB resale units sold for a million dollars or more in 1Q2025, most occurred in mature estates such as Toa Payoh (28%), Queenstown (25.9%) and the Central Area (24.4%).
Proportion of million-dollar flats by township in 1Q 2025 (Source: HDB, Huttons Data Analytics as of 25 Apr 2025)
Siow attributes the unit’s high selling price to favourable attributes such as its high floor and it being a corner unit with a regular layout and unblocked views. There was also minimal wear and tear found in the unit, potentially saving the buyers from additional renovation expenses.
The surrounding amenities also helped to push 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.
The unit is also 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.
