Million-dollar HDB flats: Who's buying them?

Private property downgraders among buyers; transactions make up just 0.3% of total resales

Siblings Matthew, five, and Bella, 10, live with their parents in a five-room HDB flat on the 42nd floor at The Pinnacle @ Duxton. The family bought the unit for $1.232 million in March last year, in the third-most expensive HDB resale flat transacti
Siblings Matthew, five, and Bella, 10, live with their parents in a five-room HDB flat on the 42nd floor at The Pinnacle @ Duxton. The family bought the unit for $1.232 million in March last year, in the third-most expensive HDB resale flat transaction ever. ST PHOTO: KHALID BABA
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How much would a resale Housing Board flat with unfettered views of Chinatown heritage shophouses on one side and the Central Business District (CBD) skyline on the other be worth?

Nothing less than $1.232 million.

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A version of this article appeared in the print edition of The Straits Times on March 29, 2021, with the headline Million-dollar HDB flats: Who's buying them?. Subscribe