2-Room HDB Flat In Queenstown Sells For S$540,000, Among Singapore’s Most Expensive Deals For Its Type
A two-room HDB flat in Queenstown has been sold for S$540,000, making it one of the most expensive transactions ever recorded for its flat type in Singapore.
The resale deal was completed in early June and translates to around S$1,067 per square foot, according to property portal 99.co.
The sale comes just months after another two-room flat in nearby Dawson Road grabbed headlines after changing hands for a record-breaking S$695,000.
SERS Replacement Flat With Over 93 Years Of Lease Remaining
The unit is located at Block 53 Strathmore Avenue, a relatively new 43-storey development built under the Selective En bloc Redevelopment Scheme (SERS).
Unlike many older flats in Queenstown, the block only started its lease in 2020 and still has approximately 93 years and seven months remaining.
The development was constructed as a replacement housing project for residents affected by the Tanglin Halt and Commonwealth SERS exercises.
Block 53 comprises 247 units in total, with only 42 two-room flats available.
According to 99.co, the S$540,000 transaction marks the first resale of a two-room flat in the block.
The development has also previously seen million-dollar transactions, with a four-room flat fetching S$1.195 million in August 2025.
Prime Location Likely Driving Demand
Property analysts say the high price is largely due to the flat’s desirable location.
The development is situated just a seven-minute walk from Queenstown MRT Station.
Residents also enjoy easy access to nearby amenities including:
- Dawson Place (4-minute walk)
- Anchorpoint
- Queensway Shopping Centre
- IKEA Alexandra
Most of these locations are within a 15-minute walking distance.
Is This The New Normal For Prime HDB Flats?
The latest transaction highlights the continued demand for newer flats in mature estates, especially those with long remaining leases and excellent connectivity.
While S$540,000 for a two-room flat may seem eye-watering, experts note that buyers are increasingly willing to pay a premium for properties in central locations with strong long-term value.
However, the growing prices may also raise concerns about affordability for first-time homebuyers.
As Singapore’s supply of centrally located housing remains limited, prime developments in mature estates such as Queenstown are likely to continue commanding strong prices in the resale market.