Personal Finance
$1 Million HDB Flats: Here’s What You Need To Know
By Seedly  •  February 17, 2019

Ever wondered what exactly goes behind the valuation and sales of million dollar flats?

What exactly makes them so pricey?

Is it location? Or model type? Or number of years left on the lease? or a combination of these factors amongst many others?

Click here for an overview on the type of resale flats available in the market!

TL;DR: An Overview of Million Dollar Flats

Let’s take a look at a historical overview of how these “exclusive” flats have changed over the past 7 years.

Overall, the quantity of million dollar flats increased drastically.

Looking at the numbers alone, they’ve increased by:

2014 to 2015 – 6 times. From 2 to 12 units. 2015 to 2016 – 1.67 times. From 12 to 20 units. 2016 to 2017 – 2.3 times. From 20 to 46 units. 2017 to 2018 – 1.54 times. From 46 to 71 units.

If we were to

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By Seedly
Launched in 2016, Seedly helps users make smarter financial decisions with its budgeting app which allows its 40,000 users to sync up their financial accounts and better manage their cash-flow. Last year, we introduced a new community feature which allows users to crowdsource knowledge from peers before making a financial decision.

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