In a surprising turn of events, August 2023 has witnessed an unprecedented surge in million-dollar resale flat transactions in Singapore's Housing and Development Board (HDB) market. According to our recently released flash report, this remarkable trend defies the overall market dynamics and expectations. Let's take a closer look at these numbers, what drove them, and what you can expect in...
In a surprising turn of events, August 2023 has witnessed an unprecedented surge in million-dollar resale flat transactions in Singapore's Housing and Development Board market. According to our recently released flash report, this remarkable trend defies the overall market dynamics and expectations.
In addition to this, Mr Hakim highlighted the significance of the 54 HDB flats transacting for a million dollars or more in August, which marks the highest number of million-dollar transactions to date. Impressively, 50 of these flats were situated in Mature estates. Mr Hakim's comments reinforce the observation that more buyers are willing to pay a premium when purchasing larger public HDBs in prime locations compared to more expensive private properties.
Non-Mature Estates prices increased by 0.5 per cent, while Mature Estates increased by 1.3 per cent compared to July 2023.
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