A million-dollar HDB resale flat makes sense for some buyers
Add BT as a preferred source
AMID strong demand for homes, more Housing and Development Board (HDB) flats have changed hands for over a million dollars each. Attributes such as a large floor area, a central location, good views and being relatively new can help an HDB flat to fetch a cool million dollars or more in the resale market.
Good news for owners of such coveted HDB flats; angst for some people who fear that certain resale flats are possibly unaffordable. Are buyers crazy to pay princely sums for public housing flats?
Prices of HDB resale and private homes in Singapore are interlinked. When HDB resale prices are strong, private home prices receive a boost, as owners of HDB units can easily and profitably sell their homes to free up funds to help buy a private unit.
TRENDING NOW
Two-thirds of Sentosa Cove resales in the red, with average loss topping S$1 million since 2023
Singapore at 61: How we can ensure opportunity, security and ownership for the next generation
Too little, too late? Manila’s billion-dollar bid to ignite its sputtering EV industry
How BYD disrupted Singapore’s car market – and why the strategy is turning on itself
