Cooling measures = property chill?: Analysis

HDB resale market likely to remain robust this year

Slew of flats in mature estates hitting their minimum occupation period and first-timers who can't wait for BTO flats will drive demand

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The new year has begun much as the old one ended with Housing Board flats changing hands at sky-high prices.

Last year, a record 259 HDB resale units sold for over $1 million, more than three times the 82 units in 2020 but the blistering pace of big-buck sales has hardly slackened so far this year.

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A version of this article appeared in the print edition of The Straits Times on January 15, 2022, with the headline HDB resale market likely to remain robust this year. Subscribe