View of HDB blocks at Casa Clementi. (Source: Surbana.com)
EXCLUSIVE: According to Housing Board data, a 5-room HDB resale flat at Block 425 Clementi Avenue 1 was sold for a record $960,000 this month, which translates to about $769 psf.
The approximately 1,259 sq ft flat is located between the 28th to 30th floors of the HDB block, which forms part of the Casa Clementi precinct, a multi-award winning public housing project.
The flat is located next to Nan Hua High and NUS High School, but is not within walking distance of Clementi MRT station.
The sale has set a new record for 5-room flats in Clementi, and is tied with the October 2013 transaction of an executive maisonette at Block 206 Clementi Avenue 6 for $960,000, or $571 psf.
Prior to this, the most expensive 5-room flats in the area were sold in August and November last year. The two units at Block 114 Clementi Street 13 changed hands for $888,000 each.
This also surpasses the recent sale of a 5-room flat in nearby Redhill, which was sold in May for $950,000.
In addition, another 5-roomer at Kim Tian Road in Tiong Bahru was transacted for $950,000 in October 2015.
Romesh Navaratnarajah, Senior Editor at PropertyGuru, wrote this story. To contact him about this or other stories, email romesh@propertyguru.com.sg
