In a notable achievement, Sengkang has recorded its first-ever million-dollar resale flat sale, just weeks after setting an all-time high of $968,000.
In a notable achievement, Sengkang has recorded its first-ever million-dollar resale flat sale, just weeks after setting an all-time high of $968,000. A 1,539 sq ft maisonette at Block 205B Compassvale Lane sold for $1 million in April, marking a new peak for the estate’s resale flat market.
The spacious flat, located on the seventh to ninth floors, has 25 years remaining on its 99-year lease. Conveniently close to Buangkok MRT station and Sengkang Grand Mall, it’s also within a short distance of local schools such as North Vista Primary and Secondary Schools and Sengkang Primary School.
According to Singapore Realtors Inc (SRI), one of their agents facilitated the record-setting sale. Mohan Sandrasegeran, SRI’s head of research and data analytics, shared that Sengkang had been nearing a million-dollar sale, driven by rising interest among buyers. He noted, however, that the million-dollar transaction is likely an “exceptional case,” as most resale flats in Sengkang remain priced between $400,000 and $600,000.
Currently, only three of Singapore’s 24 HDB towns—Jurong West, Choa Chu Kang, and Sembawang—have yet to record a million-dollar resale transaction. Minister for National Development Desmond Lee commented that while million-dollar sales garner attention, they represent a small fraction of annual resale transactions and often involve flats with unique features like prime locations, larger sizes, or proximity to malls.
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