Table of contents:
- About Block 9 Boon Keng Road
- Introduction to the Kallang neighbourhood
- Market trends of Block 9 Boon Keng Road (past decade)
- Market trends of the Kallang neighbourhood (past decade)
- Comparative analysis of nearby blocks (Blocks 7, 8, and 8A)
- Conclusion
On 1 June 2024, a transaction occurred at Block 9 City View at Boon Keng in the Kallang/Whampoa estate. A 5-room flat was resold for S$1,308,000, establishing a new all-time high (ATH) for the town.
In this article, we look at City View @ Boon Keng and Kallang as a whole, while also including a comparative analysis of nearby blocks’ ATH and market trends.
About Block 9 City View @ Boon Keng
City View @ Boon Keng is a DBSS residential development in the Kallang/Whampoa estate. Known for its high-rise structure, it provides views of the city skyline. The development is in a prime location with its proximity to nearby amenities such as Bendemeer MRT station, and Boon Keng MRT station. Bendemeer Market & Food Centre and Bendemeer Primary School.
Here’s a list of nearby amenities:
- Public transportation:
- Boon Keng MRT (600m, 6-min walk)
- Bendeemer MRT (500m, 7-min walk)
- Farrer Park MRT (1.1km, 13-min walk)
- Schools:
- Bendeemer Primary School (900m, 10-min walk)
- Bendermeer Secondary School (1.2km, 14-min walk)
- Hong Wen School (0.9km, 10-min walk)
- St Andrew’s Junior School (2.6km, 7-min drive)
- St Andrew’s Secondary School (2.6km, 7-min drive)
- Parks:
- Kallang Riverside Park (1.4km, 4-min drive)
Read this: 3 record-breaking HDB resale flats sold for up to S$1,200,000 in Toa Payoh, Geylang & Hougang
- Supermarkets:
- FairPrice City Square Mall (900m, 3-min drive)
- Sheng Siong Supermarket (1.5km, 6-min drive)
- Prime Supermarket (1.2km, 4-min drive)
- Clinics:
- NHGP Kallang Polyclinic ( 500m, 5-min walk)
- Hospitals:
- Kwong Wai Shiu Hospital (500m, 5-min walk)
- Farrer Park Hospital (1.4km, 4-min drive)
- KK Women’s and Children’s Hospital (3.3km, 7-min drive)
- Raffles Hospital (2.2km, 4-min drive)
- Shopping malls:
- City Square Mall (900m, 3-min drive)
- Aperia Mall (900m, 10-min walk)
- Bugis Junction (2.5km, 5-min drive)
- Bugis Plus (2.3km, 5-min drive(
- Zhongshan Mall (2.9km, 8-min drive)
- City Gate (2km, 6-min drive)
- Kallang Wave Wall (3.9km, 9-min drive)
To start painting the picture, let’s take a look at all the transaction trends over the past 10 years:
We can see a notable and continuous increase in average resale prices for flats at Block 9 City View @ Boon Keng from 2015 to 2024, demonstrating a 46.04% growth, with the average price reaching S$1,050,000 in 2024.
Despite fluctuating transaction volumes, which peaked and troughed over the years and showed a recent reduction with only one transaction recorded in 2024, the consistent price increases reflect market activity and sustained demand for these properties. This trend highlights the market performance and increasing buyer interest in these flats.
Introduction to the Kallang neighbourhood
Kallang is a neighbourhood centrally located in Singapore with a rich history and a dynamic urban environment. It has good connectivity with major expressways and public transportation, including the East-West Line (EWL) and Downtown Line (DTL).
The area offers various amenities such as sports complexes, shopping malls, and recreational parks like the Kallang Riverside Park. The blend of residential, commercial, and leisure facilities makes Kallang a thriving community for residents.
To put it into another perspective, let’s look at the recent HDB transactions in the whole of Kallang:
From above, there was a consistent and significant increase in average resale prices for HDB flats in the Kallang neighbourhood from 2014 to 2024, with a total growth of 48.14%. By 2024, the average resale price had reached S$685,806, indicating strong demand and robust market performance.
Despite fluctuations in transaction volumes, with certain years experiencing peak volumes, the overall upward price trends suggest a resilient and healthy property market in Kallang. This trend highlights Kallang’s status as a desirable residential area, with sustained buyer interest contributing to the appreciation of property values over the past decade.
Market trends of Block 9 City View @ Boon Keng (past decade)
In recent years, Block 9, Boon Keng Road, has experienced an increase in property values. The demand for flats in this block is influenced by its central location, various amenities, and the appeal of high-rise living. Recent transactions indicate a consistent upward trend in resale prices, reflecting the overall growth in the Kallang property market. The recent all-time-high transaction further solidifies Block 9’s position as a sought-after residential location.
Let’s take a look at the recent transactions over the past decade:
The data above shows a significant increase in average resale prices for 3-room, 4-room, and 5-room flats at Block 9, Boon Keng Road from 2015 to 2024. The 5-room flats saw a 28.33% increase, the 4-room flats surged by 69.90%, and the 3-room flats experienced a 15.19% rise.
In 2022, the average prices for these flat types were S$1,037,111 for 5 rooms, S$880,000 for 4 rooms, and S$688,250 for 3-room flats, with transaction volumes reflecting steady demand. This upward trend suggests the growing attractiveness and investment potential of properties at Block 9, Boon Keng Road, driven by consistent price appreciation across different flat types.
Market trends of the Kallang neighbourhood (past decade)
The Kallang neighbourhood has seen substantial growth in property values due to its strategic location and ongoing development. Kallang has outperformed national averages, drawing in both local and foreign buyers. Ongoing infrastructure enhancements and upcoming projects have increased the area’s appeal. The property market in Kallang is projected to stay robust, with sustained interest from homebuyers and investors.
Below, we take a look at the 5R transactions in the whole of Kallang:
As the above shows, there was a consistent increase in average resale prices for 5-room HDB flats in Kallang from 2014 to 2024, with a total growth of 31.23%. In 2024, the average resale price reached S$911,537, reflecting sustained demand for these properties.
Read this: First 4-Room HDB flat in Geylang crosses S$1 million mark @ S$1,006,888
Despite fluctuations in transaction volumes, the overall trend indicates a steady rise in property values, indicating Kallang’s attractiveness as a residential area. The upward trajectory in prices, coupled with significant transaction volumes, points to the robust market performance and investment potential of 5-room flats in Kallang.
Comparative analysis of nearby blocks (Blocks 7, 8, and 8A)
When comparing the resale prices of Block 9 with nearby blocks such as Block 7 and Block 8, there are several factors to consider. All these blocks benefit from similar amenities and location advantages. However, high-floor flats in Block 9 tend to command a premium due to better views and less noise pollution. Recent transactions show that Block 9 consistently achieves higher resale prices, indicating its desirability among buyers.
One final graph:
The data presents a consistent increase in the average resale prices for 5-room flats at Blocks 7, 8, and 9 from 2014 to 2024. Block 9 experienced a price growth of 24.42%, Block 7 had a 33.70% increase, and Block 8 saw a 28.33% rise.
In 2023, the average prices were S$1,052,315 for Block 9, S$1,148,481 for Block 7, and S$1,183,629 for Block 8. Despite fluctuations in transaction volumes, the overall upward trend in average prices across all blocks highlights the increasing attractiveness and investment potential of these properties, driven by their strategic location and desirable amenities.
Conclusion
The recent sale at Block 9 City View @ Boon Keng, reflects the increasing demand and rising property values in the Kallang/Whampoa estate. This sale highlights the appeal of City View at Boon Keng due to its location, amenities, and high-rise living features.
The broader Kallang neighbourhood demonstrates strong market trends, with notable growth and promising prospects. Comparative analysis with nearby blocks further emphasises City View at Boon Keng status.
Properties in Kallang for you
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Disclaimer: This information is intended solely for general informational purposes. 99.co makes no claims or guarantees regarding the accuracy, completeness, or suitability of the information, including, but not limited to, any assertion or assurance regarding its appropriateness for any specific purpose, to the maximum extent allowed by law. Despite all efforts to ensure that the information presented in this article is current, reliable, and comprehensive at the time of publication, it should not be used as the sole basis for making financial, investment, real estate, or legal decisions. Furthermore, this information is not a replacement for professional advice tailored to your unique personal circumstances, and we disclaim any responsibility for decisions made using this information.
About Azhann Rosmin
Azhann Rosmin is a writer who has 6 years of professional forte. He specialises in writing about real estate and lifestyle topics. His coverage mostly focuses on HDBs, condos, BTOs, and landed houses while also favouring topics of food, nightlife, and technology. He has worked in multiple writing positions that include cryptocurrency, fintech, e-commerce, fashion, and cosmetics. Azhann graduated with a bachelor's degree in Applied Linguistics and also writes poetry.
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