by OrangeTee & Tie Pte Ltd.

Record 23 HDB flats in non-mature estates resold for over S$800,000 in 1Q 2021

URA Quarterly Data

HDB Quarterly Data

Singapore, 27 Apr 2021

SINGAPORE — Amid a pandemic property upswing that has already set off concerns about home affordability, the rising prices of resale flats in non-mature estates such as Punggol, Sengkang and Choa Chu Kang have also caught the attention of some industry watchers.

In the first quarter, from January to March this year, 23 flats in non-mature Housing and Development Board (HDB) estates transacted for at least S$800,000, a record number of such units sold above that level in a quarter, a recent property report found.

This made up nearly 10 per cent of the 245 flats in non-mature estates that have sold above S$800,000 since 1990, achieved in a single quarter.

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