While it’s common knowledge among Singaporeans that BTO flats can be profitable, the burning question often is: just how much? While some standout properties like the Pinnacle @ Duxton boast exceptional returns, how do the majority really fare? In this piece, we take a look at the middle number between the minimum and maximum price offered for a flat type.
Beauty is in the eye of the beholder, or in the case of this article, in the eye of the homeowner. Recently, we chanced upon a HDB flat that was sold for $1.3 million and of course we applaud the accomplishment. However, we would like to bring you into a discussion about why (partly) it was sold: The view! In.
With the new Prime, Plus, and Standard classifications, the top winners are the owners of certain mature-area flats. These existing flats don’t have 10-year MOPs or Subsidy Recoveries but are every bit as desirable as a newer Prime or Plus flat. In light of that, here’s a list of HDB projects that might see increased demand; most of them are.
The proliferation of million-dollar flats in the past decade is nothing short of incredible. Keep in mind that the first million-dollar flat, at Mei Ling Street in Queenstown, was only in 2012; and it was an eye-opener at the time. Today, there were around 259 such transactions in 2021 alone; and the latest Tiong Bahru View sold for $1.158 million.
If you want to live close to the city centre, look out for the Bukit Merah BTO. In the August 2022 HDB BTO launch, HDB will be offering two projects in this mature estate. HDB hasn't released the price range yet. So for now, you can refer to SRX's estimations based on nearby resale transactions and launch prices from recent.