Four-room HDB resale flat on Upper Boon Keng Road sold for over $1.3 million
A resale four-room, 28th floor and 1,023 square feet, HDB flat located at 8B Upper Boon Keng Road in the Kallang-Whampoa neighbourhood has recently achieved a record price for $1.300888 million. The just five years’ new 4-room flat was brokered successfully by Huttons Asia Martin Silva and the psf translate to be $1,272 psf. This a new price point for a four-room flats located outside the Central Area triumphed the previous record, 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, exchanged hand at a record price for $1.5 million ($792 psf) in June, triumphing the past record for a four-room flat outside the Central Area. Before the Boon Keng flat reaches minimum occupation period and allow to be sold in the resale market, was the sale of a 1,023 sq ft HDB flat at Sky Terrace@Dawson on Dawson Road in the Queenstown estate that sold for $1.188888 million ($1,162 psf) in February, according to the data reflected on HDB online website. the previous record set was $1.41 million in August, surpassing the previous record of psf-price for a resale HDB flat of size 1,011 square feet at $1,394 psf for a four-room Located at 1B Cantonment Road. The key attraction for obtaining this record price for this 4 room floor at 8B Boon Keng Road is that the unit is welcoming with concourse skyline panoramic views of Kallang River and Marina Bay Sands due to its height elevation. Kallang Trivista, the HDB cluster at 8 Upper Boon Keng Road was completed in 2K16, and comprise of three blocks. The 808 units development obtained its minimum occupation period in 2K21. Other public facilities nearby include the Kallang River park connector, on top of short walking distance to Kallang railway station, as well as Sheng Sioing and FairPrice grocers. Huttons’ Lee highlighted that the flat is not bounded nor affected by the recent HDB Prime Location Public Housing Scheme (PLH) measures, allowing the new homeowner flexibility in their purchase. The frequent and rampant resale transaction at Kallang Trivista is the main key force 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.