pstrongAs of 27 October, 369 million-dollar HDB flats have exchanged hands./strong/p pThe HDB resale market is likely to break its 2022 record for million-dollar flat transactions.
As of 27 October, 369 million-dollar HDB flats have exchanged hands.According to PropertyGuru, there have been 369 million-dollar HDB flat transactions as of 27 October, which is already the total number of flats transacted in 2022.
“It is highly likely that the number of million-dollar flats will exceed 400 and account for around 1.6% of total transactions in 2023,” Huttons said. “However, with more demand for resale flats in mature estates without the PLH restrictions, the number of transactions above $1.1m appears to be trending up,” said Huttons.
Whilst the measures have deterred private property owners from ‘right-sizing’ to HDB flats, other buyers, like HDB upgraders with a preference for larger living spaces, continued to seek out larger HDB flat types and are willing to pay price premiums for a larger space, said PropertyGuru.