As we approach the end of 2025, the HDB resale market continues to perform exceptionally well, with a decent number of million-dollar transactions in non-central estates as well as new record-high prices being set.
Speaking of which, the month of November has just brought about a newsworthy HDB sale, located at the northeastern town of Sengkang. A 5-room flat has just exchanged hands for $1.062M, setting the record for now being the most expensive flat in Sengkang and surpassing the previous record holder which was sold for $1.508 earlier in April this year.
5-room Compassvale Drive flat sets new all-time high record
Image credit: HDB
According to data from the HDB, the flat was just sold this month for $1.062M. At 112sqm/1,206sqft, that translates to a selling price of around $881 psf, which is certainly on the higher side given that some similar listings we found online only go as high as around $830 psf.
Image credit: PropertyGuru
Image credit: Google Maps
The flat is located between the 7th and 9th storeys of Blk 217A Compassvale Drive, and has a remaining lease of just over 90 years which likely means that the flat was sold by its original owners.
The Compassvale Drive was launched all the way back in November 2012, with 5-room flats then going for around $421,000 – $499,000. This means that it has seen a price appreciation of around 113% minimally to as high as 152%, which is quite decent given that Sengkang is located in the OCR (Outside of Central Region).
Image credit: HDB
As the new record holder for the most expensive HDB flat in Sengkang, our Blk 217A Compassvale Drive flat dethroned the previous high of $1.058M, set by a flat at Blk 279B Sengkang East Ave which is just a short 10-minute walk away from Compassvale Drive.
Image credit: Google Maps
Interestingly, since November 2024 there have only been a total of 8 5-room flat transactions that have crossed the million-dollar mark. Most of them belong to either Compassvale Drive or Sengkang East Ave, which we’ll talk more about in a bit. They are all also fairly young flats with over 89 years of remaining lease left, which is certainly a contributing factor to their high prices.
Located close to amenities and strong public transport connectivity
Location is undeniably another key contributing factor to the flat’s high resale price.
Image credit: Google Maps
Sengkang is a fairly large housing estate, big enough to warrant its own LRT system to connect its outlying neighbourhoods to the main Sengkang MRT.
However, for our Compassvale Drive flat, it’s conveniently located just a short 5-minute walk away from the main public transport hub of Sengkang, comprising Sengkang MRT station as well as Sengkang Bus Interchange. The MRT will give you access to the North-East Line, which Sengkang’s robust bus network ensures seamless connectivity to other parts of Sengkang and beyond.
Image credit: Singmalls
The MRT station and bus interchange is also adjacent to Compass One, which is the main shopping mall for Sengkang. It may be a suburban mall, but it has all the usual hallmarks of shopping malls such as F&B outlets, commercial and retail shops, a supermarket, and more, which will cater to each and every need of Sengkang residents.
While flats in other estates may boast skyline, nature, or waterfront views, you’ll probably won’t get much here in Sengkang. It is a pretty densely-packed residential estate, and given that Compassvale Drive is more or less located in the heart of Sengkang, you’ll just have to make do with views of the multitudes of HDB blocks that make up the estate.
Since the majority of 5-room flat buyers tend to be larger households with children, the availability of schools in close proximity will certainly be a key consideration for many.
For our Compassvale Drive flat, there are a total of nine schools within a 1km radius: Anchor Green Primary, Compassvale Primary, Nan Chiau Primary, North Vista Primary, Palm View School, Sengkang Primary, Springdale Primary, Nan Chiau High School and Sengkang Secondary.
Having so many schools close proximity—and mostly primary schools at that—isn’t something that comes by very commonly as far as HDB resale flats go, and so this will make such flats in Sengkang all the more appealing.
Will we see a new record holder soon?
While most of the current listings for 5-room flats in Compassvale show prices cheaper than our $1.062M flat, we did come across this listing which caught our eye.
Image credit: PropertyGuru
At $1.1M ($912 psf), this flat, located at the neighbouring 216B Compassvale Drive, could be the next record holder for being the most expensive HDB flat in Sengkang.
As they say, records are meant to be broken. It took just over 6 months for the previous record-high flat to be surpassed. Will we see a new record price set by this flat? Only time will tell.
For more record-breaking HDB flat sales:
- Executive flats in Woodlands set new record with $1.27M & $1.24M sales
- Most expensive HDB flat: What $1.66M gets you in Singapore’s private property market
- 3 most expensive HDB flats currently for sale in Singapore: Margaret Drive, Toa Payoh & Pinnacle@Duxton
Cover image adapted from: Google Maps
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