87 HDB flats sold for over $1m so far this year

This is the highest number of such sales in a year on record as strong demand continues

According to property agents, private property downgraders make up the most common group interested in million-dollar flats. Other groups of buyers interested in such units include dual-income couples in their 30s with high earning power and wealthy
According to property agents, private property downgraders make up the most common group interested in million-dollar flats. Other groups of buyers interested in such units include dual-income couples in their 30s with high earning power and wealthy naturalised Singaporeans.ST PHOTO: LIM YAOHUI

A total of 87 Housing Board flats have changed hands for at least $1 million in the first five months of the year, surpassing the 82 units sold for at least that amount in the whole of last year.

So far, this is the highest number of million-dollar flats sold in a year on record, since the first unit sold for more than $1 million in 2012. That year, only two units changed hands for at least that amount.

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A version of this article appeared in the print edition of The Straits Times on June 02, 2021, with the headline '87 HDB flats sold for over $1m so far this year'. Subscribe