Bendemeer Road Executive Flat Sets New Record with S$1.318 Million Sale
A large Housing and Development Board (HDB) executive flat at Bendemeer Road has sold for a record S$1.318 million last month. This transaction is significant not only because it is the most expensive executive apartment in the Kallang-Whampoa estate but also because it is the highest transaction there to date.
Location and Features
The HDB executive flat is located on the 19th to 21st floor of Block 46 Bendemeer Road. It has a size of 1,572 square feet, which means it sold for S$838 per square foot (psf). The unit’s high floor and roomy layout are likely reasons for its record-breaking price tag.
Convenience and Amenities
The location of the executive flat is highly desirable. It is an easy walk from both Boon Keng MRT and Geylang Bahru MRT stations, as well as a quick drive from Potong Pasir MRT station via Serangoon Road. Nearby malls include Aperia Mall, Zhongshan Mall, City Square Mall, and Kallang Wave Mall. Additionally, Geylang Bahru Market and Food Centre and Bendemeer Market and Food Centre are close by. Boon Keng MRT is close to The Arcady at Boon Keng Condo.
Educational and Recreational Facilities
For families, the location of the executive flat is a plus. Kallang Riverside Park and the Singapore Sports Hub are close at hand, as are numerous schools and childcare centers. These include Charis Montessori @ Elim, Little Footprints Preschool @ Boon Keng, Hong Wen School, St. Andrew’s Junior School, Canosa Catholic Primary School, and Cedar Primary School.
Market Trends
While one fewer HDB executive flat has been sold at the Kallang-Whampoa estate this year, the average price increased to S$1,070,143 (S$695 psf). This trend indicates a growing demand for executive apartments in the area.
Recent Transactions
There have been several other notable transactions in recent times. An executive apartment at Ang Mo Kio sold for S$1.32 million, while another deal worth S$1.005 million was recorded in Sengkang. A unit in Toa Payoh changed hands for S$1.2 million, and an HDB maisonette in Bukit Panjang sold for S$1.098 million.
Conclusion
The sale of the Bendemeer Road executive flat for S$1.318 million is a significant milestone in the Kallang-Whampoa estate. The flat’s location, size, and amenities all contributed to its record-breaking price. As the demand for executive apartments continues to grow, it is likely that more such transactions will occur in the future. Perhaps the government’s latest cooling measures were appropriate.
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