Million-dollar HDB flats at record high


Rising value: An elevated train track runs near a HDB public housing estates in the Sengkang area. HDB resale prices rose 0.8% in December from the previous month and were up 13.6% higher than a year ago. — Bloomberg

SINGAPORE: The number of million-dollar Housing Development Board (HDB) flats sold more than tripled last year and resale prices climbed for the 18th straight month as new property cooling measures kicked in at the tail-end of 2021.

HDB resale prices rose 0.8% in December from the previous month and were up 13.6% higher than a year ago, according to flash data from real estate portals 99.co and SRX yesterday.

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