by OrangeTee & Tie Pte Ltd.

Record 261 million-dollar HDB flats in 2021; resale prices rise in December as volume dips

SRX HDB Resale Data

SRX HDB Resale Data

HDB resale prices rose for the 18th straight month, according to flash data from 99.co and SRX. The number of million-dollar flats also tripled in 2021.

Prices grew for both mature and non-mature estates across all flat types. 

Ms Christine Sun, senior vice-president of research and analytics at OrangeTee & Tie, said resale prices last month could have continued to rise as it takes time for the market to react to the latest round of property curbs in mid-December.

"Many deals were probably negotiated or closed before the cooling measures were implemented... January's sales numbers may provide a clearer picture of the full impact of the new measures," she said.

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