Million dollars for a coveted HDB unit not an aberration

Unique, larger flats may find fancy among downgraders; lease decay a smaller problem than it seems

Leslie Yee

Published Tue, Apr 13, 2021 · 05:50 AM

HDB

Singapore

A MILLION dollars and more for a HDB flat? That's what 53 such flats each commanded in the first three months of this year.

And this may not be an aberration. Million-dollar transactions of HDB resale flats could become more prevalent if resale prices grow in line with household income, say at 2 per cent annually.

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Singapore property

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Million dollars for a coveted HDB unit not an aberration

Leslie Yee

KEYWORDS IN THIS ARTICLE

Property

HDB resale prices up 1.8% in Q1; 6,800 BTO flats to be launched in June

Singapore’s private home prices up 1.4% in Q1, rents drop by 1.9%: URA

OUE wins tender to lease, develop new ‘zero-energy’ hotel at Changi Airport’s T2

Singapore office rents in central region fall 1.7 per cent in Q1 over Q4: URA

Homebuyers shun new real estate in Vancouver, hurting builders

US pending home sales jump in March to hit highest in the year

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