Million-dollar HDB flat sales set to exceed 450 in 2023

The 2023 sales will be about 25% higher than 2022’s sales.

By the end of 2023, there will be around 460 flats sold for a million dollars or more, translating to a 25% YoY jump from Singapore’s 2022 record of 369 transactions.

According to Huttons, the top three HDB towns with the greatest number of million-dollar flats in 2023 were Bukit Merah, Toa Payoh and Kallang/Whampoa.

In September 2023, Bukit Panjang recorded its first million-dollar flat.

Of the total transactions in 2023, about 60% are in the price range of $1m to $1.1m.

“With more demand for resale flats in mature estates without resale restrictions, the number of transactions above $1.1m appears to be trending up,” Huttons commented.