by OrangeTee & Tie Pte Ltd.

8 HDB units changed hands for at least S$1 million in September as resale market remains buoyant Re

SRX HDB Resale Data

SRX HDB Resale Data

SG, 08 Oct 2020

Even through the worst economic downturn in Singapore's history, 8 government-built flats still sold for above S$1 million in the resale market in September. These recent transactions were more than the 5 HDB flats that sold for more than S$1 million in August.

Ms Christine Sun, head of research and consultancy at property firm OrangeTee, said that the number of such transactions seems to have fallen, with 38 million-dollar HDB resale unit transaction in the first 8 months of 2020, 64 in 2019 and 71 in 2018.

However, she stated that HDB resale transactions with prices between S$800,000 and S$1 million have gone up, implying that the supply of units in the market is sufficient enough in order to stop competition from driving the price of more units above S$1 million.

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