Analysis: New HDB categories may partly explain August's record 54 resale flats sold for S$1m and more
SINGAPORE — A record 54 Housing and Development Board (HDB) flats sold for more than S$1 million on the resale market in August, up from 32 of such sales in July.
- A record 54 Housing and Development Board flats sold for more than S$1 million on the resale market in August
- The last record was 45 transactions in September 2022
- The number of resale flats transacted in August went up 20.3 per cent compared to July
- Property analysts have attributed the surge in part to the different classification of new HDB flats set to take effect in 2024
- Experts expect demand for resale flats in mature estates to stay “robust” in the coming months
07 Sep 2023 10:47PM
(Updated: 08 Sep 2023 01:23AM)
