Here's where you can find million-dollar 4-room HDB flats
To better understand the emerging trend of million-dollar 4-room HDB flat transactions, we had a look at 4-room HDB flat transactions worth $850,000 to just under $1 million from 1 Jan 2022 to 31 March 2023. Like in our article where we check out which , a look at the data will hint at where we can expect to see such transactions.
Plus, with the new 15-month wait-out period for private property ‘downgraders’ in place and the exemption for seniors aged 55 above ‘rightsizing’ into a 4-room or smaller flat, there could have an unintended side effect of pushing up prices for 4-room resale flats. Those who buy 4-room HDB resale flats at a price premium are likely to be pickier than those who go for ‘traditional’ million-dollar flats. Location, surrounding amenities and conveniences, and remaining lease take greater precedence over property size, which explains why most of the million-dollar 4-room flats are clustered around the Central and Queenstown areas.
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