Queenstown Forfar Heights Two-Room HDB Unit Resold for S$540,000 in SERS Replacement Block

According to HDB resale data, the two-room unit at Block 53 sits between the fourth and sixth floors. The 47-square-metre flat was resold in June for S$540,000, making it the highest resale price recorded among SERS two-room replacement units and the fourth-highest two-room resale price overall.

The development is part of the SERS programme at Strathmore Avenue (Block 53), with the lease having commenced in 2020. With about 93 years and seven months remaining on its lease, the unit offers buyers a near-full-term leasehold tenure close to the Queenstown MRT station.

Data shows that from January to 9 June 2026, Queenstown recorded eight two-room HDB resale transactions, with 42 of the block’s units being two-room flats. Among them, SkyParc@Dawson set the national record for two-room resale flats at S$695,000 in February 2026.

Two other two-room units at Forfar Heights were also resold in April and May at S$549,000 and S$545,000 respectively, at prices close to the latest transaction.

ERA executive director Ong Eng Lai, interviewed on Tuesday (10 June), said that these smaller units can fetch high prices for several reasons. The units are near Queenstown MRT station, the remaining lease of over 93 years is attractive, and the location offers excellent transportation convenience. He also noted that high-priced buyers of such small units tend to be couples, including dual-income couples without children.

Property website 99.co data indicates that one unit in the area of approximately 506 square feet is priced at about S$1,067 per square foot. The two high-priced units in the Queenstown area are less than one kilometre apart.

Notably, the S$540,000 unit at Forfar Heights and the February record of S$695,000 at SkyParc@Dawson (Block 95 Dawson Road) are within close proximity. The Queenstown-Forfar Heights area boasts excellent transport links, amenities, schools and community facilities, making it attractive to buyers.

Another agent, Lin Rongrong, also noted that the location is excellent, with key amenities within one kilometre and walkable distances of about 10 minutes. With more supply entering the resale market and planned improvements in the area, he expects transactions exceeding S$500,000 to become more common.