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by OrangeTee & Tie Pte Ltd.

Analysts told TODAY an HDB resale flat in Punggol could soon fetch S$1m

URA Quarterly Data

HDB Quarterly Data


Singapore, 28 Apr 2021

In the first quarter, from January to March this year, 23 flats in non-mature Housing and Development Board (HDB) estates transacted for at least S$800,000, a record number of such units sold above that level in a quarter, a recent property report found.

This made up nearly 10 per cent of the 245 flats in non-mature estates that have sold above S$800,000 since 1990, achieved in a single quarter.

If this trend continues unhindered, analysts told TODAY an HDB resale flat in Punggol could soon fetch S$1 million.

Said Ms Christine Sun, senior vice president of research and analytics at realtor OrangeTee & Tie: “Barring further external shocks, an influx of flat supply or cooling measures, we may see more flats inching closer to the S$1 million mark (in non-mature estates) ... at the current rate of price increase.”


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