by OrangeTee & Tie Pte Ltd.

Singapore's public housing prices soar as frenzy grips market

SRX HDB Resale Data

SRX HDB Resale Data

Singapore, 09 Mar 2021

Million-dollar price tags on a record number of Singapore's public housing sales are a sign the city-state is joining the frenzy gripping property markets from Hong Kong to Toronto.

Twenty-three resold government-subsidized flats were purchased for at least S$1 million ($743,000) in February, a new monthly record, according to data from real estate portal SRX Property. Thirty-six sales in that price bracket were concluded in the first two months of the year, a 350% increase from a year earlier.

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