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Record 29 million-dollar HDB flats sold in November; resale prices rise at faster pace

aseanpr
5 minutes

SINGAPORE - Housing Board resale flat prices rose for the 17th consecutive month, climbing at a faster pace of 1.3 per cent in November compared with October, according to flash data from real estate portals 99.co and SRX on Thursday (Dec 9). Last month's resale prices had lodged the highest monthly growth since February this year when price rose by 1.4 per cent, and were 13.8 per cent higher than in November 2020, data showed. Price hikes were seen in both mature and non-mature estates and across all flat types. November also saw 29 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 26 such units in August. The most expensive flat sold last month was a $1.268 million five-room Design, Build and Sell Scheme unit at City View @ Boon Keng. The 29 million-dollar flats made up 1.1 per cent of last month's total resale transactions. This brings the total number of such flats to 223 in the first 11 months of this year, in what has already been a record year for million-dollar flats. There were 82 million-dollar flats for the whole of last year. November's record high number of million-dollar...

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HDB resale prices rise in August to just 0.1% below peak; record high of 26 million-dollar flats sold: SRX

aseanpr
3 minutes

SINGAPORE - Housing Board resale prices rose for the 14th consecutive month, climbing at a faster pace of 1.1 per cent in August compared with July, according to flash data from real estate portal SRX on Thursday (Sept 9). Prices are just 0.1 per cent off the peak in April 2013 according to SRX data, which means September prices are likely to hit a record high as strong demand continues to outstrip flat supply. With more construction delays expected, resale flat demand strengthened despite August being the Hungry Ghost month, when sales typically slow down. Last month, The Straits Times reported that five Build-To-Order (BTO) projects are facing even longer delays as their main contractor Greatearth has gone bust due to financial difficulties. The completion dates for these BTO projects, and many other ongoing ones, had already been pushed back because of manpower and supply disruptions in the construction sector caused by the Covid-19 pandemic. Ms Christine Sun, senior vice-president of research and analytics at OrangeTee & Tie, said more home seekers could have turned to the resale market in the face of uncertainty in the BTO market. "Some of the affected buyers may have chosen t...

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Singapore’s million-dollar HDB flats: Where are the 6 most expensive units ever sold located?

aseanpr
2 minutes

SINGAPORE - In spite of the Covid-19 pandemic, a total of 82 Housing Board flats were sold for at least $1 million last year, compared with 64 in 2019. The first two months of this year saw 36 such transactions, compared with just eight in the same period last year. HDB flats that crossed the $1 million mark have been a fairly recent phenomenon. The first such sale was recorded in July 2012 for a 150 sq m executive apartment in Block 149 Mei Ling Street in Queenstown. Three months later, in October 2012, a 163 sq m executive maisonette in Block 194 Bishan Street 13 was sold for $1.01 million. The appetite for such flats has grown over the years. Up till last month, there have been 338 such transactions, according to data provided by real estate portal SRX. The most expensive unit so far is a five-room flat in Block 1B at The Pinnacle @ Duxton that sold for $1.258 million in September last year. Analysts, however, were quick to point out that million-dollar HDB transactions were few and far between. They made up just 0.3 per cent of total resale transactions in the first eight months of last year. Here's a look at the six most expensive flats sold in Singapore: Why are people willin...