A four-room HDB flat at 414 Serangoon Central was recently sold for $965,000 ($793 psf). The 1,216-sq ft flat is located on the seventh to ninth storeys. As its lease commenced in 1989, it has a remaining lease of approximately 63 years.

The record-high price for the four-room flat could be attributed to its convenient location. The flat is adjacent to the dual-line Serangoon MRT Station, Serangoon Bus Interchange and Nex (see Map 1). Schools within a 1 km radius include Yangzheng Primary School, Maris Stella High School (Primary and Secondary), St. Gabriel’s Secondary School, Zhonghua Secondary School and Nanyang Junior College.

Thus far, the subject flat is the only four-room flat in Serangoon to have been sold for more than $940,000, surpassing the previous record-high of $938,000 ($771 psf) set in February for a flat at 407 Serangoon Avenue 1 (see Table 1).

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The flat along Serangoon Avenue 1 is located within a 500 m radius of the subject flat (see Map 1). It is also the same size as the subject flat and has a similar remaining lease of around 63 years.