Four-room HDB resale flat on Upper Boon Keng Road sold for over $1.3 million
A 28th floor four-room resale HDB flat located at 8B Upper Boon Keng Road in the Kallang-Whampoa estate is recently transacted at $1.300888 million. The 1,023 sq ft unit was brokered successfully by Huttons Asia Martin Silva and the psf works out to be $1,272 psf.
This transaction break the benchmark of the 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 four-room adjoining flat at 50 Moh Guan Terrace in Tiong Bahru is excluded. The amalgamated pair of adjacent three-room flats, 1894 square fee, was brokered at a record price for $1.5 million ($792 psf) in June.
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 fetched $1.188888 million ($1,162 psf) in February, based on HDB resale transaction data on the data.gov.sg website.
the record price 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, breaking the benchmark psf-price for a resale HDB flat at $1,394 psf
The unit high floor attribute which was transacted at 8B Boon Keng Road is entertained with parallel full unblocked views of Kallang River and Marina Bay Sands. The block it is located in is one of three blocks that make up Kallang Trivista, an HDB cluster at 8 Upper Boon Keng Road that was completed in 2K16.
The development, which has a total of 808 units, achieved its minimum occupation period in 2K21. It is a short walk away from Kallang MRT station. Other amenities nearby include the Kallang River park connector as well as Sheng Sioing and FairPrice supermarkets.
Huttons’ Lee notes that the flat is not subject to Prime Location Public Housing Scheme (PLH) restrictions, offering the new homeowner flexibility in their investment.
The vibrant resale transaction at Kallang Trivista derived as more and more four-room flats fetched for minimum $1 million. 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-fourwere recorded in 2K21.
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