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Some HDB resale flats shouldn’t cost $1m

Big resale flats with price tags above that figure aren’t news. What’s worth tracking are 4-room resale flat prices.

Bedok's first million-dollar HDB resale flat at Block 629 Bedok Reservoir Road, sold for $1,048,888, in September 2022. PHOTO: PROPERTYLIMBROTHERS (PLB) REALTY
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Each time I see news headlines about yet another Housing Board resale flat selling for more than $1 million, I shake my head. I make myself read the article – because I’m a journalist who writes about socio-political issues, including housing; and because I hope that this time, the report will give a more nuanced, accurate picture of these transactions.

Alas, I am usually disappointed. I then shake my head again, in despair.

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