The 144-square-meter flat at 46 Bendemeer Road changed hands last week, surpassing the previous high of SGD1.32 million, set in August 2024 by another executive flat in the same Housing and Development Board (HDB) block, according to property news website Stackedhomes.
Apartment buildings at 46 Bendemeer Road, Singapore. Photo via Google Maps |
The record-setting sales are in an HDB development located between Bendemeer Road and Serangoon Road, with some blocks facing the Kallang River. The estate is next to a cluster of landed homes and Bendemeer Primary School.
The development consists of five HDB blocks with a mix of three-room and five-room flats, along with executive flats.
There are 64 executive flats in Block 46 Bendemeer Road, which were completed around 1994. That means the flats have about 67 years remaining on their leases.
Rising resale prices have been a concern for Singaporeans, and delays to build-to-order projects during the Covid-19 pandemic were one factor contributing to the increases, officials have said.
In February, a two-room flat at a premium area in the city-state changed hands for SGD695,000, marking a record high for this flat type, according property listing platform 99.co.
In April, a four-room public housing flat in Singapore’s most populous town Bedok was sold at the record price of SGD1.12 million.
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