I can’t help but notice that Singapore’s resale HDB prices have been performing inversely to the stock market (for the last few weeks at least). It was just earlier in May that a 5-room flat at City Vue @ Henderson broke the record for the most expensive HDB ever transacted – at a staggering $1.4 million. It’s anyone’s guess when it would be next broken again – but I certainly wouldn’t bet against it being surpassed very soon.
And so despite all the market turmoil, May has had quite the bumper crop of million-dollar HDB transactions. 30 of them, as compared to 22 in April. While it is just 1.4% of the total resale transactions in May, there were a couple more deals elsewhere that really caught my attention.
2 non-mature estates, Pasir Ris and Woodlands, recorded their first million-dollar HDB resale transactions. We did write about these...