Singapore, 14 Jun 2021 SINGAPORE - While The Pinnacle @ Duxton is arguably the "poster boy" for million-dollar Housing Board flats in Singapore, such flats are not exclusively located in the central area.
Half of Singapore's 24 Housing Board towns are home to million-dollar HDB flats, official HDB data shows.
Ms Christine Sun, senior vice-president of research and analytics at real estate firm OrangeTee & Tie, said the value of that last group lies in their sprawling living spaces which are no longer offered under the current Build-To-Order (BTO) exercises, where a five-room flat is typically around 110 sq m.
In recent years, more flats in mature estates have also reached - or are reaching - their mandatory five-year minimum occupation period and some buyers may not mind paying top dollar for these flats, said OrangeTee's Ms Sun.