We’ve hit yet another terrible milestone in the scheme of crazy HDB prices, with a 5-room in Boon Keng reaching $1.54 million. It’s the usual culprit though: City View @ Boon Keng, which has single-handedly rebranded Boon Keng as “that place where the DBSS can cost more than a condo.” Here’s a look at the winner: The Flat in Question

• Project: City View @ Boon Keng (DBSS)
• Flat Type: 5-room, 119 sqm
• Storey: 25 to 27 (high floor)
• Lease Start: 2011 (84 years 5 months remaining)
• Price: $1,540,000

As I mentioned earlier, Boon Keng can now be broadly divided into its pre-DBSS and post-DBSS phase. Prior to City View @ Boon Keng, the area was mainly known for car workshops and older flats, some dating back to the SIT era. But City View @ Boon Keng, the second DBSS project to be launched in this area, has been giving HDB a headache with its resale prices. The previous record here was a 5-room flat on a slightly lower floor (22 to...