Million-dollar HDB flats are hiding a worrying resale price trend. Here’s proof.
In November 2020, another 13 HDB flats were transacted in the resale market for a price of $1 million and above taking the number of million-dollar flats sold in the calendar year to an all-time high of 73 with a month left to go. (The previous high was 72 flats in 2018.)
Notably, we are seeing HDB flats further away from the city centre clock million-dollar transactions. Ang Mo Kio notched its first and second million-dollar HDB transaction this year, whereas Clementi saw four million-dollar transactions this year alone, compared to five from 2016 to 2019.