BY TIMOTHY TAN
In September 2022 the number of Housing and Development Board (HDB) flats sold for S$1 million or more hit a record high.The overall year-on-year price increase for HDB resale flats in September to 11.1 per cent.
Hence, due to such explosive growth in the property market cooling measures have been implemented. But even with the cooling measures in place the Singapore property market could still be on the rise…
Why The Property Market Is Still Hot.
In September the number of million dollar HDB resale flats hit all time highs at 45 units, leading to many experts believing that the number of million-dollar HDB resale flats could cross the 300-unit mark. This is because demand may still be supported by other groups of buyers such as first-timers and those relocating from other HDB flats.