News analysis

Are $1m HDB resale flats going to be ‘normal’ from now on?

A total of 87 million-dollar HDB deals were inked from January to May this year.PHOTO: ST FILE

SINGAPORE - A record number of Housing Board resale flats changed hands for at least $1 million so far this year - and we are only half way though 2021.

This performance would have been remarkable in any year, let alone a pandemic-stricken one that saw an upswing in property prices, which has set off concerns about home affordability.

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