As we mentioned in one of our previous articles, last month witnessed a series of all-time high executive (EXE) apartment sales. There was a record-breaking S$1.32M deal in Ang Mo Kio, followed by the S$1.005M sale in Sengkang, a S$1.2M transaction in Toa Payoh, and, most recently, the S$1.098M HDB maisonette in Bukit Panjang.
It seems August decided to close with a bang as well, with another EXE sale – this time in Kallang/Whampoa – setting a new record. This particular unit sold for S$1.318M, making it not only the most expensive executive apartment in Kallang/Whampoa right now but also the highest transaction in the estate to date.
Table of contents
- The high-floor S$1.318M unit at Bendemeer Road
- Amenities around Block 46, Bendemeer Road
- City View @ Boon Keng: The previous record-holder
- HDB resale transactions in Kallang/Whampoa
- HDB BTO October 2024: New open-concept flats in Kallang/Whampoa
The high-floor S$1.318M unit at Bendemeer Road
Located on the higher floors of Block 46, Bendemeer Road, the unit is on floors 19 to 21. With a size of 1,572 square feet, it sold for a price per square foot (psf) of S$838. The lease has about 69 years and 4 months remaining, which is pretty reasonable for EXE units. This combination of a spacious layout and a high-floor position likely contributed significantly to its record-setting price point.
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Amenities around Block 46, Bendemeer Road
Living at Block 46, Bendemeer Road, places you within a distance of several amenities. If you rely on public transport, the location offers easy access, though not in immediate proximity, to MRT stations. You’re about a 9-minute walk from Boon Keng MRT, an 11-minute walk from Geylang Bahru MRT, and a 4-minute drive from Potong Pasir MRT via Serangoon Road.
Looking for a property close to an MRT station of your choice? Check out 99.co’s MRT map here.
When it comes to shopping and dining, you have a number of options at your disposal. The Geylang Bahru Market and Food Centre, along with Bendemeer Market & Food Centre, are just a 10-minute walk away, offering a wide array of local delicacies to choose from. Both Aperia Mall and Zhongshan Mall are also just 4 to 6-minutes drive away. For more extensive shopping trips, you can get to City Square Mall in a 4-minute drive, and Kallang Wave Mall in 9-minutes from the project.
But what truly adds value to this location is the abundance of nearby schools and childcare centres. According to HDB and OneMap, you’ll find several options within walking distance. For instance, Charis Montessori @ Elim is just 209m away, Greenland Childcare Centre is 407m away, and Little Footprints Preschool @ Boon Keng is 344m away, among others.
For families with school-going children, Bendemeer Primary School is a mere 2-minute walk from Block 46, making it incredibly convenient. Other schools within a 1km radius include Hong Wen School and St. Andrew’s Junior School. Within a 1km to 2km distance, there are more schools like Canosa Catholic Primary School, Cedar Primary School, Farrer Park Primary School, Geylang Methodist School (Primary), and Pei Chun Public School.
For outdoor and sports enthusiasts, Kallang Riverside Park is just a 5-minute drive away, and the Singapore Sports Hub is 12-minutes drive away from the project, offering additional recreational options.
Looking for HDB flats that MOP-ed recently? Check out our article here: Full list of BTO projects hitting MOP in 2024/2025 & Our top picks near the MRT
City View @ Boon Keng: The previous record-holder
Before this latest transaction, the record for the highest sale in Kallang/Whampoa was held by a unit in City View @ Boon Keng. This 5-room DBSS unit, located between the 37th and 39th floors of Block 09, sold for S$1.308M. With a size of 1,152 square feet, the price per square foot was S$1,135. While the S$1.318M sale at Bendemeer Road may not seem like a huge jump in absolute terms, the difference in price per square foot is telling. The current sale represents a 30.07% increase in psf, highlighting the growing demand for larger and higher-floor units in this area.
It’s worth noting that, apart from these two transactions, only one other unit in Kallang/Whampoa has crossed the S$1.3M threshold. This sale, which took place in October 2023, involved a 1,055 sqft unit in Kallang Trivista. Situated on a high floor – somewhere between the 28th and 30th – the unit in Block 8B sold for S$1.301M, equating to a psf of S$1,233. Despite being smaller and having only 4 rooms, this unit fetched a high price due to its unblocked views of Kallang River and Marina Bay Sands, and its close proximity to Kallang MRT station, just a few minutes away by foot.
Interested in upcoming new launches for the year? Take a look at your options here: Upcoming new launches: New Launch condos in H2 2024
HDB resale transactions in Kallang/Whampoa
The Kallang/Whampoa area has seen a steady stream of high-value HDB resale transactions, with 25 sales at and above S$1.2M. The majority of these transactions – 18, to be exact – occurred in City View @ Boon Keng. Following closely is Kallang Trivista, which has recorded 4 transactions within this price range. Other noteworthy transactions within the S$1.2M range include one from The River Vista @ Kallang, one from Lavender Gardens, and one more from the same project as the S$1.318M EXE unit.
That sale from the same project came from a unit in Block 48, Bendemeer Road. At 1,582 sqft, the unit was located on a lower floor (between the 7th and 9th floors) and sold for S$1.2M in May 2024. With a psf of S$758, this sale highlights a significant price difference when compared to the recent record-setting transaction. Despite being larger, the lower floor and possibly other factors contributed to a 9.83% lower sale price.
Taking a closer look at the EXE transactions in Kallang/Whampoa, you’ll notice there haven’t been many. In 2023, there were just 8 transactions, with an average price of S$986,125 (S$639 psf). In 2024, the number dropped slightly to 7 transactions, but the average price increased to S$1,070,143 (S$695 psf). Compared to the S$1.318M sale, this represents a significant 23.16% increase in value. Over the course of the year, the prices for executive apartments in the area have risen by 8.52%.
Given the limited availability of executive apartments in Kallang/Whampoa – there are only 5 such projects in the area – combined with the area’s status as a mature estate and its consistent high demand, it’s no surprise that prices have been driven up, and they’re likely to continue rising.
Not sure how much your home can sell for? Find out its worth with 99.co’s Property Value Tool
HDB BTO October 2024: New open-concept flats in Kallang/Whampoa
If you’re interested in upcoming developments in the area, you might want to keep an eye on the new “white flats” that will be introduced in the October 2024 HDB Build-To-Order (BTO) project in Kallang/Whampoa. These open-concept flats will offer homeowners a blank canvas to design and personalise their living spaces according to their needs and preferences. The project will feature 80 three-room units and 230 four-room flats, located near Lavender MRT station on a site bounded by North Bridge Road and Crawford Street.
However, if you’re looking to move in sooner rather than waiting three to four years, HDB resale options in Kallang/Whampoa offer more affordable prices. In fact, you could potentially secure a unit for as low as S$308,000, depending on your requirements and budget.
Rather look at condos that will MOP this year? Have a read here: Upcoming Executive Condos (ECs) that will MOP in 2024 & 2025
Planning on getting an EXE of your own? Check out your options, from S$650k
The post A large HDB EXE flat of 1,572 sqft at Bendemeer Road has set a new record at S$1.318M appeared first on .
