A 1,334 sq ft 5-room HDB flat in Queenstown was sold in October at $920,000. The high-floor unit is located at 28D Dover Crescent that was completed in 2012. Based on recent transactions, average prices for 5-room flats in Queenstown range from $670,000 to $935,000, depending on age and other attributes.

The absolute quantum of this transaction is the highest for the 5-room flats within 500m from the subject property for the past one year. Buyers could be lured to the vicinity due to its close proximity to the One-North business park, which is designed to host state-of-art research facilities and business park space.

28D Dover Crescent is located within 800m from Fusionopolis, a research complex at the One-North business park. Schools nearby include United World College of South East Asia and Fairfield Methodist School (Primary).

Recent transactions for 5-room HDB flats within 500m from the subject property

Date Block Start of lease Floor Area (sq ft) Price ($)

14-Oct-15

28D Dover Crescent

2012

34 to 36

         1,335

920,000

18-Sep-15

28D Dover Crescent

2012

22 to 24

         1,335

918,000

2-Sep-15

27 Dover Crescent

1976

16 to 18

         1,345

802,000

1-Sep-15

28 Ghim Moh Link

2013

13 to 15

         1,216

905,000

1-Sep-15

19 Dover Crescent

2003

22 to 24

         1,195

815,000

Source: HDB, The Edge Property

source:http://www.theedgeproperty.com.sg/content/just-sold-five-room-flat-28d-dover-crescent-sold-920000

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