07/01/2022
Record 261 million-dollar HDB flats in 2021; resale prices rise in December as volume dips
The Straits Times, 6 Jan 2022, Thu 11:38 am
By Michelle Ng
The number of million-dollar Housing Board flats tripled last year and resale prices climbed for the 18th straight month as new property cooling measures kicked in at the tail end of 2021.
HDB resale prices rose 0.8 per cent in December from the previous month and were 13.6 per cent higher than a year ago, according to flash data from real estate portals 99.co and SRX on Thursday (Jan 6).
Price hikes were seen in both mature and non-mature estates and across all flat types.
Last month also saw 38 HDB resale flats changing hands for at least $1 million, the highest number of million-dollar flats sold in a month, smashing the previous record of 29 such units in November.
The most expensive flat sold last month was a $1.36 million five-room Design, Build and Sell Scheme unit at Natura Loft in Bishan. It is currently the most expensive HDB resale flat on record.
The 38 million-dollar flats make up 1.6 per cent of last month's total resale transactions.
This brings the total number of million-dollar HDB flats to 261 for the whole of 2021, more than three times the 82 such flats in 2020.
ERA Realty head of research and consultancy Nicholas Mak noted that demand for HDB resale flats will likely remain resilient this year, so long as construction delays for Build-To-Order flats are not resolved.
He expects HDB resale prices to rise by 4 per cent to 8 per cent this year.
Source: https://www.straitstimes.com/singapore/housing/record-261-million-dollar-hdb-flats-in-2021-resale-prices-rise-in-december-as-volume-dips
Resale prices rose for the 18th consecutive month, as cooling measures kicked in in the second half of December. . Read more at straitstimes.com.
