Why Are There So Many Millon Dollar HDB Flats Still?
By Stacked Homes  •  September 10, 2023
We’ve broken the record for million-dollar flats again, as of August 2023. Well, they did say National Day is a time to reflect on what makes us Singaporean; and at this point, million-dollar flats are on par with chicken rice, children thinking the national anthem is called “Mari Kita,” and National Service. At 54 transactions, it’s the highest number of million-dollar flats we’ve seen in any single month; and the crowning gem was, once again, Pinnacle @ Duxton ($1.48 million for a 5-room flat). Million-dollar flats made up around 2.2 per cent of resale flat transactions for the month: still small enough to be considered outliers, but the number of outliers sure seems to be growing. The worry though, is where the gravy train will end. As I’ve mentioned in many articles, Singapore is ageing; and at some point, we’re going to be left with a lot of vacant flats when the previous generation passes on...
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By Stacked Homes
The Stacked Homes editorial began in February 2017 to provide the latest news and analysis on property in Singapore.

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