The introduction of new cooling measures in December 2021 has led some to question - if the trend of million dollar flats will die down.
Ms Christine Sun, senior vice-president of research and analytics at real estate firm OrangeTee & Tie, said the new cooling measures may not have that big an impact on buyers of pricey units.
"Some buyers of million-dollar flats may not be applying for a maximum loan while others could be borrowing from financial institutions. Those who buy million-dollar HDB flats usually have the financial means as well," she said.