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

A 28th storey four-room HDB resale flat seller recently sold off their hdb for $1.3000888 million ($1,272 psf). The Hdb is located at 8B Upper Boon Keng Avenue in the Kallang-Whampoa neighbourhood. The 1,023 sq ft 4-room flat was triumphantly transacted by Huttons Asia Martin Silva which created a new threshold price for a four-room flats located outside the Central Area, says Lee Sze Teck, Huttons’ head of analytic department. The sale of a 1,894 square feet amalgamated pair of adjacent three-room flats into four-room adjoining flat at 50 Moh Guan Terrace in Tiong Bahru was successfully sold at new benchmark figure of $1.5 million ($792 psf) in June, thrashing the previous record for a four-room flat outside the Central Area. Before the unit at 8B Boon Keng Road was transacted, the deal of a 1,023 sq ft HDB flat at Sky Terrace@Dawson on Dawson Road in the Queenstown estate that effectively sold 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. the flat which is situated at 1B Cantonment Road was marketed for $1.41 million in August, triumphing the previous record of psf-price for a resale HDB flat at $1,394 psf. The key attribute for this successful sale that set a new price point for this 4 room which was transacted at 8B Boon Keng Road is that due to high floor, it offers unparallel full unblocked views of Kallang River and Greater Southern Waterfront. Located in one of three blocks that make up Kallang Trivista, the HDB cluster at 8 Upper Boon Keng Road that obtained completion in 2K16. The 808 units development secured its minimum occupation period in 2K21. Other amenities, apart from its short walking distance to Kallang MRT station, nearby include the Kallang River park connector , as well as Sheng Sioing and FairPrice supermarkets. Huttons’ Lee emphasize that the flat is not restricted by the recent HDB measures implemented on Prime Location Public Housing Scheme (PLH) restrictions, offering the new homeowner flexibility in their investment. The active and buoyant resale transaction at Kallang Trivista is the key-drive for the smashing breaking price as more and more four-room flats exceeded the $1 million benchmark. Figures on show that eighty-six four-room flats have crossed 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.

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