Clementi four-room HDB flat sold for record S$1.28 million
A four-room HDB flat at Block 445B Clementi Avenue 3 has set a new record for the Clementi area after being sold for S$1.28 million, surpassing the previous high by S$120,000. The sale highlights strong demand for high-floor, newly MOP flats in prime locations near transport and schools.
- Four-room Clementi flat sold for S$1.28 million, breaking local record.
- Unit sits between 34th and 36th floors at Clementi Crest, with a 94-year lease remaining.
- Location near MRT, mall, and schools continues to drive strong resale demand.
SINGAPORE: A four-room Housing and Development Board (HDB) flat at Block 445B Clementi Avenue 3 has been sold for S$1.28 million (S$1,279 per square foot), marking a record-breaking transaction in Clementi.
The sale took place on 15 July 2025 and was first reported by property portal 99.co.
This transaction now holds the record for the most expensive four-room HDB flat sold in Clementi.
The previous record was held by another four-room unit in the same area at Block 441B Clementi Avenue 3.
That flat was sold for S$1.16 million in May, which means the new record surpasses it by S$120,000.
The record-setting flat is located within the Clementi Crest estate and occupies 1,001 square feet. It sits between the 34th and 36th storeys of a 40-storey block, offering high-floor views.
The unit’s lease commenced in 2021, and the seller had just fulfilled the five-year minimum occupation period (MOP) before putting it up for sale. This leaves the flat with a remaining lease of about 94 years — a key factor likely contributing to its high resale value.
Clementi Crest was launched during the Build-To-Order (BTO) exercise in May 2015, when four-room flats were priced from S$478,000 before grants. Based on the current sale price, the seller could have earned a profit of up to S$802,000, though 99.co noted that undisclosed costs might lower the net gain.
Another four-room flat in the same estate’s second block also sold for S$1.207 million in July, while a similar unit fetched S$1.18 million in June, reflecting steady demand for units in the area.
Clementi Crest’s popularity is driven by its proximity to Clementi MRT station and Clementi Mall — just a four-minute walk away — as well as its location near several schools. Within one kilometre are four primary schools, one secondary school, and NUS High School of Mathematics and Science, making the area highly desirable for families.
In June 2024, a five-room resale flat at Dawson Road in Queenstown fetched S$1.659 million, marking the highest recorded price for a five-room HDB unit. The most expensive resale flat overall remains a S$1.73 million unit at SkyOasis @ Dawson, sold in the same month.
According to HDB data, resale prices rose 9.7% in 2024, following increases of 4.9% in 2023 and 10.4% in 2022. Despite strong demand, the number of resale transactions dropped 21.1% in the last quarter of 2024, though the year’s total still reached 28,986 units.
A record 1,035 HDB resale flats crossed the S$1 million mark in 2024. However, former National Development Minister Desmond Lee warned during a budget debate in March 2025 that such headline prices could distort public expectations, as they make up just 0.5% of smaller flat transactions over the past two years.
“These flats are usually in central locations, high floors, and close to MRT stations and amenities,” Lee said, cautioning that inflated expectations could lead to a market misaligned with economic fundamentals.
