Market analysts suggest that the buyers of these million-dollar HDB flats are likely individuals transitioning from private property.
SINGAPORE: In a record-setting trend, the resale of Housing Development Board flats priced at one million dollars hit a new peak in May.
The breakdown of these transactions indicates a notable concentration in certain areas. Kallang-Whampoa led with 13 million-dollar sales, followed closely by Redhill with 12, and Toa Payoh with 8. Among these high-value transactions, a five-room flat on Cantonment Road commanded the highest price, selling for an impressive $1.515 million.
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