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.
Ms Christine Sun, senior vice-president of research and analytics at real estate firm OrangeTee & Tie, said she expects demand for these million-dollar flats to remain strong, so long as private residential prices continue to increase and the supply of new mass-market condominiums remains limited.