$1.49M HDB Sale Breaks Records in Kallang — What It Means for You

Authored by Raymond Tiah

A New Milestone in Singapore’s Public Housing Market

Singapore’s HDB resale market just made headlines again. A 5-room DBSS flat at City View @ Boon Keng sold for $1.49 million, setting a new record for Kallang.

But this isn’t just about a single transaction. It’s a signal.

Buyers are paying top dollar for prime public housing — and if you’re a flat owner in a mature estate, it’s time to understand what that means for you.

April 2025: The Biggest Month for Million-Dollar Flats

In April alone, 141 resale HDB flats transacted at over $1 million — the highest in over a year.

That’s a sharp rise from 108 in March, driven by demand for large, well-renovated flats in central locations.

This trend is reshaping expectations across the island. What used to be the exception is fast becoming a new benchmark.

Why Did This Kallang Unit Fetch $1.49M?

This wasn’t a standard resale. It was a DBSS flat — known for their private-style layouts and premium finishes.

Several factors contributed to the premium:

• Central city-fringe location (Boon Keng MRT just steps away)

• High floor, unblocked view

• Rare layout no longer offered in today’s market

• Mature estate with full amenities

When you combine scarcity with convenience and space, you get price points that push beyond traditional HDB norms.

Where Are the Hotspots?

This isn’t happening in just one area. In April 2025:

• Toa Payoh: 27 million-dollar flat sales

• Bukit Merah: 23

• Queenstown & Kallang/Whampoa: 14 each

Central mature estates remain the most in-demand — especially those with proximity to MRTs, schools, and lifestyle hubs.

What’s Driving This Demand?

The profile of today’s buyer has changed. They're looking for:

• Larger floor plans for family or multi-gen living

• DBSS, jumbo, or rare layout units

• Renovated, high-floor homes in move-in condition

• Long-term value in well-located estates

According to latest data, HDB resale prices rose 9.3% YoY, with 3-room flats jumping 10.2% — proof that even smaller units are gaining traction.

So… What Should You Do If You Own an HDB?

If you’re living in or holding onto a flat in a mature estate, especially DBSS or high-floor units — this could be your window to sell at peak value.

Or if you’re planning to upgrade, now may be the time to leverage your flat’s appreciation to unlock better options.

At this stage, it’s not just about watching the headlines — it’s about knowing your numbers, your potential, and what’s next for your family.

Final Word: Price Ceilings Are Rising. Are You Ready?

The $1M HDB flat is no longer rare. It’s becoming normal in central locations — and that’s redefining the game for buyers and sellers.

📩 Want to know if your flat qualifies for a premium resale? Curious how to upgrade smart with today’s momentum?

Let’s talk — no pressure, just clarity.
🔴 Follow @raytiah318 or DM to get your home valuation and explore your next move.

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