A 32-year-old executive flat at 46 Bendemeer Road has sold for $1.412 million, setting a new record for the highest resale price for an executive flat in the Kallang/Whampoa area. The 1,549 sq ft unit on the 19th-21st floors achieved $911 per square foot, surpassing the previous high of $1.318 million set in August 2024. The HDB estate comprises five blocks with a mix of three- and five-room flats and executive flats, with a remaining lease of about 67 years. The location offers proximity to the city centre, two MRT stations (Boon Keng and Geylang Bahru), several schools, and food centers. Executive Apartments, introduced in 1984, are now only available on the resale market.
A 32-year-old flat at 46 Bendemeer Road has just set a record resale price for an executive flat in the Kallang/Whampoa area. The 1,549 sq ft flat, which sits on the 19th – 21st floors, changed hands for a record $1.412 million when it was sold this week, the price translates to $911 psf on the floor area.
This trumps the previous price high of $1.318 million which was set in August 2024 by another executive flat in the same HDB block. The record setting sales are located in a HDB development which is bounded between Bendemeer Road and Serangoon Road, with some of the blocks facing the Kallang River. This HDB estate is next to a cluster of landed homes along Beng Wan Road as well as Bendemeer Primary School.
The HDB estate consists of five HDB blocks with a mix of three- and five-room flats, as well as executive flats. This means that the flats have a remaining lease of about 67 years. According to HDB transactions records, there was also the sale of another executive flat at that block in October 2024. That 1,571 sq ft flat on the 16th – 18th floors fetched $1.2 million when it was sold nearly two years ago.
Overall, the flats at Block 46, and the surrounding flats, benefit from a host of locational attributes like its proximity to the city centre and convenient transport connectivity, such as Boon Keng MRT station on the North East Line and Geylang Bahru MRT on Downtown Line. It is also near to established schools including Bendemeer Primary, Hong Wen Primary and St Andrew’s School .
Within the vicinity of this block, there is a comprehensive range of eateries such as Geylang Bahru Market and Food Centre and Bendemeer Market and Food Centre. Introduced in 1984, Executive Apartments belong to a category of discontinued flats that are now only available on the resale market.
In general, these types of flats are highly sought after due to their generous space — typically ranging from 1,300 — 1,500 sq ft — as well as their location in established and mature residential towns and estates. These flats often feature larger unit sizes that can be used for a variety of purposes such as an extra study, while some include balconies. This neighbourhood along Bendemeer Road comprises several older HDB developments which house executive flats like these.
For example, block 48 Bendemeer Road has 60 executive flats that span around 1,571 sq ft, and this block is located about a 10 minute walk from Boon Keng MRT Station on the North-East Line. Over on Mcnair Road is Mcnair Spring, which houses a mix of three- to five-room flats as well as 103 executive flats. The executive flats range from 1,507 – 1,701 sq ft.
There have been seven resale transactions involving executive flats at Mcnair Spring since June 2024, with deals ranging from $1.08 million to $1.18 million. One of the newest HDB developments in the area that is close to the flats at Bendemeer Road is The River Vista @ Kallang, one of Singapore’s early waterfront HDB projects. While this development does not have any executive flats, four-room transactions have been inching towards the $1 million mark over the last two years.
Along Bendemeer Road, other notable transactions include Bendemeer Light at 10A, 10B and 10C Bendemeer Road. Similar prices could also be observed at the neighbouring DBSS project, City Vue @ Boon Keng, where five-room and four-room prices have also increased along the $1 million mark over the past 12 months.
While the unit types differ, from the trend of price increases for four-room and larger HDB flats along Bendemeer Road tracing back to 2024, new record prices are likely to persist in this area. Introduced in 1984, Executive Apartments are a discontinued flat type that are highly sought after for their generous space, typically ranging from 1,300 to 1,500 sq ft, and their location in established residential towns.
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