/ Property news / Boon Keng 5-room flat sells for record S$1.2m in July, but HDB resale prices dip 0.2%

Boon Keng 5-room flat sells for record S$1.2m in July, but HDB resale prices dip 0.2%

Fresh property news selection on August 8. 2019, Thursday.

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Despite a Boon Keng five-roomer selling for a record sum, HDB resale prices remained relatively stable last month, new figures show.

The 39th-floor unit at City [email protected] Boon Keng went for S$1,205,000 - S$5,000 more than the previous record for a HDB resale set by a five-room flat in Boon Tiong Road, Tiong Bahru, in April.

It was the second time this year that a City View unit has claimed the record after another five-room unit at the adjacent Block 9 sold for S$1,185,000 in January.

The 714-unit development was completed in 2011, and five of the nine flats there sold this year have gone for over a million dollars.

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