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

    Third-gen owner Edmond Wong is not concerned about “vanity” metrics, and instead aims to “sustain a good business”.

    Profit with purpose: Kim Choo Kueh Chang’s pivot from public listing to protecting heritage

    Singapore Kitchen Equipment was founded by husband-and-wife duo Sally Chua (left) and Alan Lee.

    Singapore Kitchen CEO, senior manager charged with alleged fraud, falsifying accounts; both to stay in jobs for now

    The departure of food manufacturing operations from Singapore may not necessarily be reason for concern.

    Yeo’s, Tiger Beer and now Gardenia – flight of food manufacturing from Singapore might be just as planned

    Be wary of sales pitches that dangle high income but are not explicit on where risks lurk.

    Should you sacrifice some CPF Life income in favour of ILPs? Tread carefully

    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