When it comes to the very biggest flats and whether it’s worth paying their high prices today, it seems that everyone has divided opinions. Some will tell you these flats are already at peak prices and quite old, with little room for appreciation. Others will note that the number of million-dollar flats, and the scarcity of these large units, will keep their prices rising. Who’s right? We plumbed the depths of transaction records to try and find a pattern. Let’s take a look at how the prices of the biggest HDB flats in Singapore have been moving as compared to everything else:
Price movements of the biggest flats versus others
| Year |
3 ROOM |
4 ROOM |
5 ROOM |
EXECUTIVE |
| 1990 |
$42,618 |
$81,766 |
$132,615 |
$186,458 |
| 1991 |
$44,480 |
$81,800 |
$138,103 |
$191,167 |
| 1992 |
$48,174 |
$90,928 |
$154,384 |
$213,971 |
| 1993 |
$71,019 |
$134,511 |
$227,253 |
$296,455 |
| 1994 |
$94,328 |
$175,072 |
$284,072 |
$367,723 |
| 1995 |
$121,298 |
$216,663 |
$341,553 |
$443,288 |
| 1996 |
$173,340 |
$295,949 |
$441,541 |
$572,772 |
| 1997 |
$195,115 |
$304,972 |
$442,182 |
$567,156 |
...
