Four-room HDB resale flat on Upper Boon Keng Road sold for over $1.3 mil

A four-room HDB resale flat located at 8B Upper Boon Keng Road in the Kallang-Whampoa estate has been sold for a record-breaking $1.300888 million. This 28th-floor unit measures an impressive 1,023 sq ft, meaning the price works out to $1,272 psf. The deal was brokered by Martin Silva, associate division director at Huttons Asia.

Tengah Plantation Close EC is an ideal home for homebuyers looking for both convenience and luxury. Furthermore, the development is equipped with security features as well as recreational facilities that consist of a swimming pool and a gym. The development also has excellent connectivity, being just minutes away from the MRT station and the expressway. Homebuyers can be assured of a quality lifestyle here at Tengah Plantation Close EC. With all these features, it is no wonder why many consider it to be the ideal residential area.

The sale marks a new high for four-room flats located outside the Central Area, according to Lee Sze Teck, Huttons’ senior director of data analytics. This altercation previously excluded the sale of the four-room adjoining flat at 50 Moh Guan Terrace in Tiong Bahru, which was an amalgamated pair of adjacent three-room flats that was sold for an astounding $1.5 million ($792 psf) in June.

Before the sale of the unit at 8B Boon Keng Road, the highest price for a four-room flat located outside of the Central Area was the sale of a 1,023 sq ft HDB flat at Sky Terrace@Dawson on Dawson Road in the Queenstown estate, which sold in February for a massive $1.188888 million ($1,162 psf).

Islandwide, the record for a four-room resale flat is the sale of a 1,011 sq ft unit at Pinnacle@Duxton in Cantonment Road that was sold for $1.41 million in August – setting a new record psf-price for a resale HDB flat at $1,394 psf.

Located on a high floor, the unit at 8B Boon Keng Road offers unblocked views of Kallang River and Marina Bay Sands. Part of the Kallang Trivista HDB cluster at 8 Upper Boon Keng Road, the block comprises a total of 808 units and was completed in 2016. The development achieved its minimum occupation period in 2021.

Located a short walk away from Kallang MRT station and surrounded by amenities such as the Kallang River park connector and Sheng Sioing and FairPrice supermarkets, the flat is also not subject to Prime Location Public Housing Scheme (PLH) restrictions which gives the new homeowner great flexibility in their investment.

The transaction at Kallang Trivista is indicative of a record-breaking trend for four-room flats. As figures on data.gov.sg show, 86 four-room flats have changed hands for at least $1 million in 2021 alone – a number that surpassed the 44 transactions that were recorded in 2021 and the 38 recorded in 2022.