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Good news for flat sellers

Flats with much longer leases are growing in demand, including replacement flats under the Selective En bloc Redevelopment Scheme that reached the five-year Minimum Occupation Period in 2017. PHOTO: ST FILE
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Last year saw the highest number of resale flat transactions cross the $1 million mark since the first Housing Board executive apartment hit that record price in 2012.

Million-dollar transactions more than doubled to 46 last year from the previous year, and the momentum has not shown signs of slowing yet. Some 18 flat owners have secured such deals in the first five months of this year.

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A version of this article appeared in the print edition of The Straits Times on July 04, 2018, with the headline Good news for flat sellers. Subscribe