Four-room HDB resale flat on Upper Boon Keng Road sold for over $1.3 million
A four-room resale HDB flat located at 28th storey of 8B Upper Boon Keng Road in the Kallang-Whampoa estate has recently exchanged hands for $1.300888 million. The 1,023 sq ft 4-room flat was successfully offload by Huttons Asia Martin Silva and the psf translate to be $1,272 psf. This record breaking deal set a new price point for a four-room flats located outside the Central Area, says Lee Sze Teck, Huttons’ senior director of data analytics. The sale of a amalgamated pair of adjacent three-room flats into four-room adjoining flat at 50 Moh Guan Terrace in Tiong Bahru 1894 square feet, was brokered at a record price for $1.5 million ($792 psf) in June, breaking the previous record for a four-room flat outside the Central Area. Prior to the sale of the unit at 8B Boon Keng Road, was the sale of a 1,023 sq ft HDB flat at Sky Terrace@Dawson on Dawson Road in the Queenstown estate that exchanged hands for $1.188888 million ($1,162 psf) in February, based on the caveat lodged as per HDB online portal. the previous record for a four-room resale flat in the whole of Singapore is the transaction of a 1,011 sq ft unit at Pinnacle@Duxton. Located at 1B Cantonment Road, the flat was sold for $1.41 million in August, surpassing the previous record of psf-price for a resale HDB flat at $1,394 psf. The unique selling point for this 4 room floor which was transacted at 8B Boon Keng Road is entertained with parallel full unblocked views of Kallang River and Marina Bay Sands due to its level variation on a very high floor. Located in is one of three blocks that make up Kallang Trivista, the HDB cluster at 8 Upper Boon Keng Road was completed in 2K16. The 808 units development obtained its minimum occupation period in 2K21. Other amenities nearby include the Kallang River park connector apart from its short walking distance to Kallang MRT station, as well as Sheng Sioing and FairPrice supermarkets. Huttons’ Lee reiterates that the flat is not affected by the recent measures by HDB Prime Location Public Housing Scheme (PLH) restrictions, offering the new homeowner flexibility in their purchase. The high frequency resale transaction at Kallang Trivista is the main driver for the record breaking price as more and more four-room flats crossed the $1 million benchmark. Figures on data.gov.sg show that eighty-six four-room flats have changed hands for at least $1 million to date this year. A mere 38 such transactions were penned down for the whole of 2K22, while forty-four were recorded in 2K21.