A 5-room flat at City View @ Boon Keng, located at 7 Boon Keng Road, recently sold for a whopping $1.54 million ($1,202 psf), setting a new record for 5-room HDB flats in the Kallang/Whampoa area.
This flat is now part of an exclusive club, as these 2 units at City View are the only ones in the area to break the $1.4 million mark so far this year. If you’ve been eyeing this neighbourhood, these record-breaking sales are a clear indicator of just how much demand there is for well-located, spacious flats.
What we know about the $1.54 million sale
Image credit: SRX
The 1,281sqft unit, situated between the 25th and 27th floors, has surpassed the previous record of $1.49 million set earlier this year, proving that City View @ Boon Keng is a top contender in the HDB resale market.
City View @ Boon Keng: Why it fetched such a high price
So, what made this flat fetch such a high price? The City View @ Boon Keng project, launched in 2011, and has become one of the most coveted Design, Build and Sell Scheme (DBSS) developments in Singapore, and it’s not hard to see why.
Prime city-fringe location & amenities
Located in District 12, this Design, Build and Sell Scheme (DBSS) development is all about convenience. Just a short walk away from Boon Keng and Bendemeer MRT stations, you’ve got quick access to the North-East and Downtown lines, making it a breeze to get to the CBD, Orchard Road, and other key spots.
This accessibility, combined with the development’s proximity to major expressways, makes City View @ Boon Keng “prime HDB property” in today’s resale market.
But it’s not just about being well-connected. The area is perfect for families with young children, thanks to several popular primary schools within a 2km radius, like St. Andrew’s Junior and Hong Wen School.
Image credit: Google Maps
For foodies, there’s Bendemeer Market and Food Centre and Bendemeer Shopping Mall just around the corner. Beyond that, City Square Mall is only a 16-minute walk—away (1.1km), which grants you lots more food and beverage options.
Fairly long lease of 85 years
The City View @ Boon Keng HDB project offers buyers a long leasehold of around 85 years, which makes it an attractive choice for anyone looking for a more stable, long-term investment. And based on the market resale patterns that we’ve been seeing, it’s not far-fetched to say that homeowners could make a profit if they decide to sell in the next few years.
Unique DBSS project meaning larger windows & balconies
Photo for illustrative purposes only.
Image credit: Minutiae
City View @ Boon Keng stands out not just for its location but also for its unique design and features. The development comprises 3 blocks, each rising up to 40 floors, offering a total of 714 units, with a majority being spacious 4-room and 5-room flats with spacious balconies.
Additionally, it’s DBSS build means that it has a modern exterior with lush landscaping that gives the estate a premium, condo-esque feel—something you don’t typically associate with your regular HDB blocks.
Photo for illustrative purposes only.
Image credit: Inform Design & Contracts
Another feature that sets City View @ Boon Keng apart is its units, which come with bay windows in almost every room, offering ample natural light and that extra touch of elegance. The master bathroom also features a full-length bay window—a rare luxury in HDB flats—allowing for even more sunlight and a more airy feel.
Photo for illustrative purposes only.
Image credit: Elique.co
In terms of amenities, City View @ Boon Keng provides two pavilions, BBQ pits, and plenty of seating space for events or casual gatherings. The development also boasts gated lobbies, enhancing privacy by limiting access to residents and their guests, although it does not have full-time security guards.
Should we expect prices of HDB flats at City View @ Boon Keng to continue to increase?
Given its ideal location, modern design, and ample remaining lease, City View @ Boon Keng is sure to continue being a sought-after development. Its high prices reflect the growing demand for HDB flats in mature estates, especially those with easy access to transport, shopping, and schools.
Given the current resale market trends and this record-breaking $1.54 million dollar sale, it’s not far-fetched to say that homeowners could make a profit if they decide to sell in the next few years.
What does this mean for surrounding HDB flats in the area?
The impact of million-dollar flats, like those in City View @ Boon Keng, extends far beyond their individual sales prices. As prices in these high-value units climb, they inevitably affect the surrounding flats, even those of the same flat type. 
Image credit: PropertyGuru
Neighbours of these record-breaking flats may hold off on selling, expecting similarly high prices. This effectively tightens supply in the area, which further drives up demand and, by extension, prices. The ripple effect isn’t limited to just the same unit types; even flats of different configurations in the vicinity can see price increases due to market psychology.
This pattern has broader implications on the housing market, especially when new BTO developments are built nearby. BTO pricing takes into account the value of surrounding flats, so as prices rise in established areas like City View @ Boon Keng, new BTO flats are inevitably priced higher as well.
In the long run, this could lead to younger buyers being priced out of the market, particularly as policies like Plus/Prime come into play. As million-dollar flats become more commonplace, it will likely push the price of both resale and new flats higher, compounding the affordability issue for many Singaporeans.
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Cover image adapted from: Google Maps, Minutiae
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