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.
Future BTO flats in prime locations may face resale restrictions: Desmond Lee channelnewsasia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from channelnewsasia.com Daily Mail and Mail on Sunday newspapers.
BTO flats in prime locations may get more govt subsidies but face resale restrictions: Desmond Lee straitstimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from straitstimes.com Daily Mail and Mail on Sunday newspapers.
Build-To-Order (BTO) flats in prime locations may receive more subsidies as the Government considers ways to ensure that new Housing Board units remain affordable for ordinary Singaporeans. Read more at straitstimes.com.