Singapore, 29 Apr 2021 Christine Sun, Senior Vice President of Research and Analytics at OrangeTee & Tie, said 53 resale flats were sold for at least $1 million in Q1 2021 – the highest quarterly sales on record.
The number of million-dollar Housing and Development Board (HDB) flats will likely hit a new record as more flats are expected to reach the Minimum Occupation Period (MOP) this year, said OrangeTee & Tie in its latest report.
HDB data showed that 25,530 flats will reach their five-year MOP in 2021, up from 24,163 units last year. Yishun, Sengkang, Choa Chu Kang and Kallang are expected to register the highest number of flats achieving MOP this year.
Christine Sun, Senior Vice President of Research and Analytics at OrangeTee & Tie, said 53 resale flats were sold for at least $1 million in Q1 2021 – the highest quarterly sales on record. “This number has already surpassed the total number of million-dollar flats transacted in the full years before 2018,” she said.
For this year, Sun believes the total number of million-dollar transactions will likely exceed the record sales registered last year (82 units).