Singapore, 14 Jun 2021 SINGAPORE - A record number of Housing Board resale flats changed hands for at least $1 million so far this year - and we are only half way though 2021.
This performance would have been remarkable in any year, let alone a pandemic-stricken one that saw an upswing in property prices, which has set off concerns about home affordability.
Ms Christine Sun, senior vice-president of research and analytics at real estate firm OrangeTee & Tie, noted that over the last 12 months, the monthly average of million-dollar transactions has been around 13 units.
While this figure has increased to 0.8 per cent in the first five months of this year, OrangeTee's Ms Sun said the growth rate is marginal, spread out as it is over the past 30 years.