Singapore’s million-dollar HDB hotspots

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While data released by the Housing Development Board (HDB) shows that resale prices and transactions for HDB flats both fell in 3Q2017, the number of resale HDB flats that were sold for over $1 million are on the rise.
This year, at least 42 HDB resale units were sold for over $1 million and above. This is compared to 20 units in 2016.
In this article, we delve deeper into the prices, locations and transaction volumes of these “million-dollar” flats.

Singapore’s million-dollar HDBs hotspots

Bishan and Toa Payoh

“Hot areas” such as Bishan and Toa Payoh consistently attract buyers willing to pay a premium. The fact that fewer new flats are being launched in these mature estates further elevates their appeal.
In 2017, the most expensive HDB flat was sold in February, when a Design, Build and Sell Scheme (DBSS) five-room unit in Natura Loft in Bishan fetched $1.18 million. Flats built under DBSS are considered public housing, though they are developed and sold by private developers.
Units at Natura Loft, which met their five-year minimum occupation period (MOP) in August 2016, also led the way by transaction volume this year. At least 12 transactions breached the million-dollar mark in 2017, with 5-room units changing hands from $1 million to $1.18 million between February and November.
Meanwhile, four executive maisonettes in Block 186 and Block 190 on Bishan Street 13 sold from $1 million to $1.088 million between March and July...