The Business Times
business-time-50
THE LEVEL GROUND
·
SUBSCRIBERS

Stay cool and don’t go overboard chasing after million-dollar HDB flats

google-preferred-sourceAdd BT as a preferred source
Leslie Yee

Leslie Yee

Published Mon, Oct 16, 2023 · 03:00 PM
    • Potential buyers of highly sought-after HDB resale flats should be mindful of the risks of paying top dollar for such flats.
    • Potential buyers of highly sought-after HDB resale flats should be mindful of the risks of paying top dollar for such flats. PHOTO: BT FILE

    SOME Housing and Development Board (HDB) flats are pricey, fetching well over S$1 million in the resale market.

    Around 128 flats changed hands in the third quarter for over S$1 million each, marking a record high for a quarter. The number of million-dollar HDB flat transactions in 2023 looks set to reach a new high.

    The lofty prices paid for highly sought-after resale flats comes on the back of a run-up in HDB resale prices post-pandemic.

    The Level GroundResidentialHDBSingapore residential propertySingapore propertyPrime Location Housing model (PLH)Spotlight

    TRENDING NOW

    Longest-serving chief minister Taib Mahmud’s legacy looms large over Sarawak as a family feud over his estate threatens to expose skeleton’s in the eastern state’s political closet.

    On the board but frozen out: The Taib family feud tearing Sarawak construction giant apart

    Thailand’s target is to export seven million tonnes of rice globally in 2026, but the Middle East war has turned the world topsy-turvy with supply disruptions, high oil prices and economic uncertainty.

    Thai and Vietnamese farmers may stop planting rice because of the Iran war. Here’s why

    Senior Minister of State for Digital Development and Information Tan Kiat How said the government is working with partners who have access to Anthropic's Mythos to understand its capabilities.

    MAS convenes bank CEOs over AI cyberthreats; boards told to own risks, not leave to IT teams

    Electric vehicles and the changed dynamics of mainstream and luxury car segments mean Certificates of Entitlement should not be used to classify cars.

    Is it time to scrap COE categories for cars? 

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More