A recent sale in Sengkang caught our eye for several reasons – it was a record-breaker for 4-room HDB transactions in the area. And while it’s no million-dollar news, the HDB flat did come with a lucky price tag of S$808,888.
In case you didn’t know, in Chinese culture, the number “8” is considered very lucky because its pronunciation sounds similar to the word for “wealth” or “prosper”. And when the number is repeated like “808,888”, it’s believed to bring even more auspiciousness. This along with the fact that Chinese New Year is just around the corner almost seems like the buyer got an early dose of luck this dragon year.
Talk about perfect timing, right?
The record 4-room HDB in Sengkang
Situated in Sengkang Central, this flat occupies a higher floor range, specifically between the 13th to 15th floors, in Block 272A. With a spacious area of 969 square feet, this property fetched a price of S$834 per square foot.
It’s worth noting that the lease for this record-breaking property completed in 2009, making it around 15 years old with a good 84 years of remaining lease.
Check your affordability with 99.co’s affordability calculator!
Read more: Record-breaking HDB transaction at The Peak @ Toa Payoh
Sengkang Central’s connectivity
Sengkang Central boasts an enviable location with excellent accessibility. Residents enjoy convenient access to nearby train stations, including Buangkok, Renjong, and Ranggung, all within a short walk.
For families with school-going children, the proximity to Nan Chiau Primary School, a mere 6-minute drive away, adds to the appeal. Other nearby schools include Punggol Primary School, Montfort Junior School, and CHIJ St Joseph’s Convent.
Essential amenities such as NTUC Fairprice and Giant supermarkets, along with shopping malls like Compass Point, Compass One, and Rivervale Plaza, are also within easy reach.
Additionally, major expressways such as KPE, Seletar Expressway, and Central Expressway enhance connectivity, for those who drive, to the Central Business District.
Looking for more properties near MRT stations? Explore 99.co’s MRT map here!
HDB flats for sale in Sengkang
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Will Sengkang see a million-dollar HDB resale flat soon?
Last year witnessed a surge in million-dollar HDB flats, sparking discussions about their increasing prevalence.
This trend continued with a 25% rise in the number of million-dollar transactions, comprising approximately 1.8% of total HDB transactions in 2023. Notably, seven resale flats breached the S$1.4 million mark, with the highest transaction reaching S$1.5 million.
Among the 26 HDB towns, only Choa Chu Kang, Jurong West, Sembawang, and Sengkang have yet to witness million-dollar transactions. However, given the escalating number of million-dollar flats, particularly in non-mature estates, it’s plausible that another non-mature estate will soon join the million-dollar club.
If you ask us which among them are likely to be the first, we think the likely candidate would be Sengkang – especially since the highest transaction in the town is less than 40k away from the 1 million mark.
Here are the all-time high prices of HDB resale flats in the respective estates, as of writing (26 Jan 2024):
| HDB town | Highest transacted price | Flat type | Date of transaction |
| Sengkang | S$963k | 5-room premium apartment | Dec 2023 |
| Jurong West | S$920k | Executive jumbo flat | May 2023 |
| Chua Chu Kang | S$900k |
Executive premium maisonette (for both) | Jan 2018, Nov 2019 |
| Sembawang | S$850k | Executive maisonette | Nov 2022 |
HDB flats for sale for S$1m and above
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Potential for Sengkang to join the million-dollar HDB club
In 2023, eleven HDB flat transactions in Sengkang surpassed the S$900,000 mark, with the highest sale hovering around S$963,000 for a 5-room premium apartment.
Notably, most of the highest transacted prices in Sengkang originate from Compassvale Mast, indicating a strong likelihood that the first million-dollar flat in the estate will emerge from this BTO project. These premium flats feature distinctive attributes such as full-height windows in the living/dining area and three-quarter-height windows in the bedrooms, setting them apart from typical BTO flats.
However, what’s interesting here is that 10 of those S$900k and above sales were for 3-room HDB flats. This pattern could be attributed to the September 2022 cooling measure that introduced an exemption of Senior PPOs/ex-PPOs aged 55 and above from the 15-month wait-out period when downsizing from private property to a 4-room or smaller resale flat.
Well, regardless of whether it could be a 5-room or 3-room flat that ultimately reaches the milestone, the upward trend of HDB resale prices in Sengkang suggests a promising outlook for the area’s market. Who knows, the year of the Dragon might just be the year it happens!
Read more: Guide to rightsizing to a smaller HDB or condo
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