by OrangeTee & Tie Pte Ltd.

87 million-dollar HDB flats sold in first five months of 2021 in new high

SRX HDB Resale Data

SRX HDB Resale Data

Singapore, 01 Jun 2021

SINGAPORE - A total of 87 Housing Board flats have changed hands for at least $1 million in the first five months of the year, surpassing the 82 units sold for at least that amount in the whole of 2020.

So far, this is the highest number of million-dollar flats sold in a year on record, since the first unit sold for more than $1 million in 2012. That year, only two units changed hands for at least that amount.

In total, 389 HDB resale flats have sold for more than $1 million as at May 31 this year. The appetite for such flats has grown and does not look to be hampered by the Covid-19 pandemic.

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