Boon Keng flat with 83 years left on lease sells for S$1.64 million

A resale five-room flat at City View @ Boon Keng sold for S$1.64 million in October 2026.

The transaction set a record resale price for a flat of this type in the Kallang/Whampoa area.

The 1,259 sq ft unit at Block 9 Boon Keng Road is between the 34th and 36th floors, according to the Housing and Development Board (HDB) website for checking resale flat prices.

It is part of a Design, Build, Sell Scheme (DBSS) project.

DBSS projects are built by private developers.

The S$1,302 psf price is the highest recorded for any five-room resale flat in the area.

Previous record resale price

The previous record resale price in the area involved a 1,249 sq ft premium apartment unit at Block 8A Upper Boon Keng Road.

The Kallang Trivista estate flat sold for S$1.588 million (S$1,273 psf) in September 2026.

83 years left on lease

City View @ Boon Keng entered the resale market in 2016.

It was built in 2011.

There is about 83 years left on its lease.

There are 714 units in three 40-storey residential blocks at City View @ Boon Keng.

They comprise a mix of three- to five-room flats, which range from 731 sq ft to 1,280 sq ft.

Block 9 contains 238 units: 158 five-room units, alongside 56 four-room flats, and 24 three-room flats.

The last record resale price for a flat at City View @ Boon Keng was S$1.54 million set in September 2025.

The area is about a 10-minute drive away from Orchard Road.

HDB flats with very high resale prices 'a minority'

In an April 2026 parliamentary reply, the Ministry of National Development (MND) said about 6 per cent of resale flats transacted above S$1 million in 2025.

Based on the flash estimate for the first quarter of 2026, resale prices declined slightly by 0.1 per cent.

MND added that the resale market continues to provide a wide range of flats at different price points, catering to different budgets and needs.

In 2025, there were four-room resale flats with leases of 70 years or longer in Tampines and Punggol going for around S$650,000 to S$700,000.

In Sembawang and Yishun, such flats were available below S$600,000, MND added, while in Jurong West and Woodlands, there were options below S$550,000.

Eligible first-time resale buyers can get housing grants of up to S$230,000, further reducing the amounts they need to pay, MND said.

Previously, at a media briefing on Aug. 20, 2024, then-National Development Minister Desmond Lee shared that HDB flats with very high resale prices make up "a very small proportion of all transactions", even though record HDB resale prices have frequently made headlines.

Lee added at the time that such transactions made up only 0.5 per cent of all four-room or smaller flats transacted in the last two years, are very central, and are well served by transport connectivity and comprehensive amenities.

Lee noted that more than half of them are also located on very high floors, above 30 storeys, and have good views.

However, they have caused Singaporeans to be concerned about "the affordability of resale flats as a whole":

"Flat sellers who are reading such news raise their expectations about how much the flat could bring, while flat buyers become anxious to secure flats before prices get higher.

If we are not careful, such market dynamics can cause the resale market to run out of line with economic fundamentals and cause a bubble."

Lee also noted then that flats that cross the million-dollar mark made up about 2 per cent of all resale transactions over the last 1.5 years at the time.