{"id":75474,"date":"2024-06-05T17:26:56","date_gmt":"2024-06-05T09:26:56","guid":{"rendered":"https:\/\/www.99.co\/singapore\/insider\/?p=75474"},"modified":"2024-06-06T13:08:42","modified_gmt":"2024-06-06T05:08:42","slug":"million-dollar-hdb-flat-transactions","status":"publish","type":"post","link":"https:\/\/www.99.co\/singapore\/insider\/million-dollar-hdb-flat-transactions\/","title":{"rendered":"Million dollar HDB flats hit current record high again in May 2024; But prices only up by 0.3%"},"content":{"rendered":"
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In January 2024, Singapore’s property market saw an all-time high for million-dollar HDB flat transactions, with 74 sales recorded.<\/a> Since then, numerous high-priced sales have occurred, yet this record has remained unbroken. <\/span><\/p>\r\n\r\n\r\n\r\n

However, May has brought us to 74 million-dollar HDB resale<\/a> transactions once again hitting the market.<\/span><\/p>\r\n\r\n\r\n\r\n

The gist of the HDB resale scene this month<\/b><\/h2>\r\n\r\n\r\n\r\n
\"HDB<\/a><\/figure>\r\n\r\n\r\n\r\n

Million-dollar HDB flat transactions have reached an all-time high (ATH) again this month, with 74 transactions matching the record set in January 2024. Buyers of these high-value flats are often former condo owners looking for better returns after selling their previous units. Despite facing a 15-month rental period, these buyers are now cautious as condo prices hit a record high in April, and interest rates remain elevated.<\/span><\/p>\r\n\r\n\r\n\r\n

Despite the record-high volume of million-dollar transactions, HDB resale prices have only increased by 0.3%. This modest rise contrasts sharply with the 1.5% increase in January 2024, when the million-dollar transactions last reached their ATH. <\/span><\/p>\r\n

Projections suggest that HDB prices are on track to see a 5 – 6% increase by the end of the year.<\/span><\/p>\r\n

Looking for a property close to an MRT station of your choice? Check out\u00a099.co\u2019s MRT map here<\/a>.<\/strong><\/p>\r\n\r\n\r\n\r\n\r\n\r\n

HDB resale prices increased by 0.3% in May 2024 compared to April 2024<\/b><\/h2>\r\n\r\n\r\n\r\n
\"hdb<\/a><\/figure>\r\n\r\n\r\n\r\n

In May 2024, HDB resale prices slightly increased by 0.3% from April 2024.\u00a0<\/span><\/p>\r\n\r\n\r\n\r\n

Mature estates experienced a decrease of 0.3%, while non-mature estates saw a more significant increase of 1.1%. Looking at the different room types, prices for 3-room and 4-room flats both increased by 0.1%.\u00a0<\/span><\/p>\r\n\r\n\r\n\r\n

However, 5-room flats experienced a notable price rise of 1.6%, whereas executive flats saw a decrease of 1.1%.<\/span><\/p>\r\n\r\n\r\n\r\n

According to the SRX Property Price Index for HDB resale:<\/span><\/p>\r\n\r\n\r\n\r\n