36 resale flats were transacted above S$1 million in Jan & Feb 2021: SRX data | NEW RECORD SET

With the window period, let’s try to catch the market. The property will still give YOU a decent return if you catch it before the property cooling measures kick in‼️


36 resale flats were transacted above S$1 million over the first two months of 2021 !

🔍Source: @todayonline 

🗞️ 350% higher than that over the first two months of 2020.
🗞️ higher than the total number of such transactions annually between 2012 and 2016!
🗞️ Buyers have been willing to increase their offer price, on average, S$15,000 to S$20,000 cash on top of the valuation
🗞️ Resale volume compared to the same month last year surged 29.8%
🗞️ Some factors driving up demand for HDB resale flats include a bumper crop of newer resale flats entering the market after attaining their five-year minimum occupation period
🗞️ HDB resale prices are expected to remain resilient, and could increase 3 to 5% for the whole of 2021
🗞️ The longer wait for BTO completions due to construction delays arising from the Covid-19 pandemic could also nudge some people with more urgent housing needs to look at resale units
🗞️ The oversubscription of Built-to-Order (BTO) projects could lead some buyers to turn to the resale market
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