{"id":57460,"date":"2022-08-04T10:10:29","date_gmt":"2022-08-04T02:10:29","guid":{"rendered":"https:\/\/www.99.co\/singapore\/insider\/?p=57460"},"modified":"2022-08-05T17:07:24","modified_gmt":"2022-08-05T09:07:24","slug":"first-million-dollar-flats-sold-bukit-batok-marine-parade-july-2022","status":"publish","type":"post","link":"https:\/\/www.99.co\/singapore\/insider\/first-million-dollar-flats-sold-bukit-batok-marine-parade-july-2022\/","title":{"rendered":"First million-dollar flats sold in Bukit Batok and Marine Parade in July 2022"},"content":{"rendered":"
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Two more HDB estates have joined the million-dollar HDB resale club in July.<\/p>\n

Earlier in July, it was reported that a 47-year-old HDB flat<\/a> in Marine Parade<\/a> was sold for S$1.01 million, making it the first million-dollar resale flat in the estate. But the estate is not the only estate recording its first S$1 million sale last month.<\/p>\n

According to a flash report by 99.co and SRX on the HDB resale market in July 2022<\/a>, Bukit Batok<\/a> has recorded its first S$1 million sale. An executive masionette at Bukit Batok Street 25 was sold for S$1.005 million. Spanning 1,776 sq ft, this translates to a price psf of S$566.<\/p>\n

This also means that Bukit Batok is the fourth non-mature estate to join the million-dollar club, after Hougang<\/a> in 2018, Yishun<\/a> in February 2022 and Woodlands<\/a> in May 2022.<\/p>\n

Last month also saw a new record for the most expensive HDB resale flat ever<\/a> sold. A 5-room HDB loft apartment at SkyTerrace@Dawson<\/a> was sold for S$1.418 million, surpassing the previous record of S$1.4 million<\/a> set by a 5-room flat at City Vue @ Henderson<\/a>.<\/p>\n

In total, 33 resale flats were sold for at least a million dollars in July 2022, surpassing June\u2019s (31) and May\u2019s number (30). This marks the second-highest number of million-dollar flats sold in a month, with the monthly record currently at 36 in December 2021. While the increases are small, there seems to be a trend that the monthly record will soon be surpassed.<\/p>\n

Nevertheless, these flats form a small percentage of the total resale transactions in July at 1.4%.<\/p>\n

0.7% increase in price, 10.5% increase in transactions<\/h2>\n

Month-on-month, the overall price increase is 0.7%. Executive flats have seen the highest price increase by 1.2%, followed by 3-room and 4-room flats at 0.6%, and 5-room flats at 0.5%.<\/p>\n

Year-on-year, resale prices have increased by 11.6%, with executive flats recording the highest price increase at 13.6%. This is followed by 3-room flats (11.7%), 4-room flats (11.6%) and 5-room flats (11.5%).<\/p>\n

\"infographic<\/p>\n

The higher price increase for executive flats signifies a greater demand for larger flats.<\/p>\n

Last month also saw a resurgence in the resale market, with a 10.5% month-on-month increase in resale transactions. At the same time, it should be noted that June has traditionally been a slower month due to the school holiday.<\/p>\n

However, when looking at the yearly transaction figures, resale volume was down 11.3%. This could mean that demand may have been diverted to the HDB BTO<\/a>\/SBF exercise as completion timelines improve.<\/p>\n

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HDB executive flats for sale <\/h4><\/div>\n
See all listings<\/a><\/span><\/div>\n <\/div>\n
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\n \"139\n <\/div>\n
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139 Rivervale Street<\/div>\n
Singapore 540139 \u00b7 D19<\/div>\n
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\n \"bedroom\"\n 4<\/span>\n <\/div>\n
\n \"bathroom\"\n 2<\/span>\n <\/div>\n
\n 1,518 sqft<\/span>\n <\/div>\n <\/div>\n
S$ 880,000<\/div>\n <\/div>\n
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