Friday, 08 Jan 2021 10:21 AM MYT
Property analysts said the buoyant sales of million-dollar flats could be because the prices of private condominiums have remained resilient through the pandemic, boosting the appeal of HDB flats that better fit buyers’ budget and housing needs. TODAY pic
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SINGAPORE, Jan 8 The number of Housing and Development Board (HDB) flats that were sold for at least S$1 million (RM3.05 million) hit a historic high last year, despite the Covid-19 pandemic and economic downturn. This is based on flash data released by real estate portal SRX yesterday.There were a total of 82 million-dollar flats transacted in 2020, eclipsing 2018’s record of 71 such deals.
We recently received this particularly interesting question: Do you think it is worth to pay ABSD for second property (condo) and keep the first property (HDB) for a rental income? While that does mean incurring Additional Buyers Stamp Duty (ABSD), there are merits to doing so. Some would argue, for instance, that the rental income from their HDB flat could.
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Ulu Pandan BTO flats in 2021: Prices + What to Expect
It was previously under wraps, but we now know that Ulu Pandan BTO flats will be launched in 2021 (in either the August or November sales launch). Our National Development Minister Desmond Lee revealed this on 21 December as part of a Facebook post on HDB’s plans next year.
Not only will the Ulu Pandan BTO be located within a mature estate, it’s also within District 10, which together with District 9 an 11 is one of the three traditional prime residential districts in Singapore.
There are several aspects of the Ulu Pandan BTO that will make this one of the most sought-after BTO projects in 2021. Here’s our full rundown.
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.