Million-dollar HDB resale flats facing downtrend
Pinnacle unit sold in March for record S$1.23m, but data shows downtrend as more supply comes on the market
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SOME HDB resale transactions continue to bust the million dollar price tag even as Covid-19 rages on, with one sold last month for a record S$1.232 million.
In March 2020, there were five HDB resale flats transacted for at least S$1 million, according to real estate portal SRX Property. Together with nine resales sold for at least S$1 million in January and February, a total of 14 units were transacted in the first three months of this year, double the seven in Q4 2019.
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