Over 750 HDBs are selling for over S$1M in Singapore

HDB residences indexed and offered for over S$1 million are turning into an an increasing number of regular perceptible in Singapore.

As of 31 Would possibly 2024, 757 HDBs are indexed for over S$1 million on trait list platform PropertyGuru, and 729 are indexed on 99.co. Of those residences, 29 are promoting for over S$1.5 million on PropertyGuru, and 28 on 99.co.

A majority of these million-dollar residences are concentrated alongside the Kallang-Whampoa section, Toa Payoh, Bukit Merah, Tiong Bahru, Clementi, Queenstown, and Ang Mo Kio.

HDB resale costs have persevered to get up over the time decade. Within the first quarter of 2024, HDB resale costs rose via 1.8 according to cent, marking the 16th consecutive quarter of enlargement.

Resale transaction volumes for Q1 2024 additionally notched a quarterly build up of 8 according to cent from 6,547 transactions in This fall 2023 to 7,068 transactions, with a report choice of 185 HDB resale residences offered at a minimal worth of S$1 million. That is 38.1 according to cent upper than the former quarter, which noticed 134 million-dollar residences gross sales.

Handiest 3 cities out of Singapore’s 24 HDB cities and 3 estates – Jurong West, Choa Chu Kang, and Sembawang – have not begun to report a resale transaction crossing S$1 million, however analysts be expecting this to modify quickly.

Previous this era, a 5 room HDB in Bukit Merah spanning 1,206 sq. toes was once offered for S$1.588 million, marking the costliest resale flat to be offered to hour.

Round the similar age, two resale devices in Toa Payoh and Sengkang, each and every indexed for S$2 million respectively, sparked hot debates on-line. Alternatively, the government had been fast to debunk the Sengkang list as “misleading” and the Toa Payoh list as “unrealistic”, threat that they are going to now not condone behaviour “that seeks to disrupt the market or fan consumer sentiment”.

Featured Symbol Credit score: PropertyGuru