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THE LEVEL GROUND

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

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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.

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