I remember the first time we hit a million dollars for an HDB flat (this was an Executive HDB at Mei Ling Street in 2012). The idea of spending a seven-figure sum on an old resale HDB flat seemed ludicrous to many at the time, with some experts even deeming million-dollar HDB flats an unlikely phenomenon.

Fast-forward to the present day, the past three years have rewritten the narrative with an influx of million-dollar HDB flats hitting the market. As of the end of October 2023, we’ve witnessed 369 transactions of this nature, matching last year’s total and positioning us on the cusp of setting a new record. This surge in high-value transactions brings forth an intriguing question: at this current pace, how long will it be before we see HDB flats reaching the $2 million mark?

An important point to note

This is not a statement that resale HDB flats are going to reach $2 million, nor is it a guaranteed timeline of

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