A 32-year-old executive HDB flat in Kallang/Whampoa was sold in June 2026 for $1.412 million, setting a new block record at 46 Bendemeer Road. The previous high for the same block was $1.318 million, set just last August.
Let's break down what happened — and why an ageing HDB flat is still commanding this kind of money.
The Deal at a Glance
The flat is an executive apartment — the largest HDB flat type — spanning 1,550 square feet on a high floor. At $1.412 million, that works out to roughly $911 per square foot.
To put that in perspective, the average resale price across Kallang/Whampoa in June 2026 was $774,509. This one executive flat sold for nearly double the area average — meaning premiums for the right unit in the right location are alive and well.
Why So Much for a 32-Year-Old Flat?
On paper, a flat built in the mid-1990s might seem like an odd candidate for a block record. But there are several factors working in its favour:
- Location: Bendemeer Road sits right in the heart of Kallang/Whampoa, with excellent connectivity to the city centre, Boon Keng MRT and multiple bus routes. It's the kind of central location that buyers are willing to pay a premium for.
- Size matters: At 1,550 sq ft, executive flats are hard to come by in the resale market, especially in mature estates. Buyers who prioritise space over newness are increasingly willing to pay up for these larger units.
- High floor, good view: High-floor units in central locations consistently command a premium. With a remaining lease of around 67 years, the buyer is betting that the location will continue to hold value.
- Momentum: Kallang/Whampoa has been the hottest town for million-dollar HDB flats, leading all estates with 18 such transactions in June 2026 alone. This record sale is part of a broader trend, not an outlier.
The Bigger Picture
This transaction is part of a larger story playing out across Singapore's HDB resale market. Executive flats in mature estates are seeing renewed interest from upgraders and downsizers alike, thanks to their generous floor plans and established neighbourhoods.
In June 2026 alone, multiple blocks across Bukit Merah, Toa Payoh, Bishan and Marine Parade also saw million-dollar resale transactions. The million-dollar HDB club is no longer a rarity — it's becoming a regular feature of the market, especially for large flats in prime locations.
What's interesting about this particular sale is that the flat isn't a newly-MOP'd unit in a trendy precinct. It's a 32-year-old executive flat in an established estate — which shows that age alone doesn't hold back prices when the location and size are right.
What This Means for Buyers and Sellers
If you own an executive flat in a mature estate, this sale is good news. The premium for older but well-located flats is holding strong, especially if you're on a high floor and your unit is well maintained.
If you're a buyer, the takeaway is that the million-dollar HDB trend isn't limited to shiny new BTO flats hitting their MOP. Older flats in central locations are also commanding top dollar — and with limited supply of large executive units in mature estates, prices may hold or even climb further.
Sources
Stacked Homes — 32-Year-Old Executive HDB Record at 46 Bendemeer Road (Jun 25, 2026)
HDB Insights — Kallang/Whampoa resale transaction data, June 2026
HDB Flat Portal — Official resale transaction records