HDB's resale market data shows 369 million-dollar HDB flat transactions this year, including 128 in the third quarter.
on Friday , top property marketplace PropertyGuru commented on the statistics, explaining why housing prices rose again and offering predictions for the coming year.shows that so far, there have been 369 million-dollar HDB flat transactions, with 128 in the third quarter, and a record 54 in August alone. Last year, there were a total of 369 million-dollar flat transactions.
“As the year wraps, we could continue seeing more million-dollar flats transactions, especially in non-mature estates. In late September, a 1,367 sq ft Bukit Panjang flat transacted at $1.02 million, making it the first seven-figure transaction for the area.
“The steady price growth moderation suggests the market has peaked; as such, private property prices could possibly oscillate between slight increases and decreases in coming quarters,”He added that home prices went up in the third quarter because this year’s largest new major condominium launch, Grand Dunman, has done well, moving nearly 55 per cent of its units at an average price of S$2,500 price per sq ft .
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