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
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
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.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
TRENDING NOW
‘We’ve seen the worst-case scenario’: How Indonesia’s Cinema XXI navigated crisis and change
Higher costs, lower returns: Why are Singaporeans still betting on real estate?
S-E Asia tourism takes hit from Middle East crisis, but intra-regional travel could spell hope
Auditors flag uncertainty on Katrina Group’s ability to continue as a going concern
