August 2021 recorded the highest number of resale flats sold since October 2010.
HDBs resale volume rebounded strongly three months consecutively after recording the lowest volume year-to-date in May. The month of May, with 1,959 flats sold, was the only month whereby resale volume fell below the 2,000 units mark.
A total of 2,750 resale flats exchanged hands in August, up 3.3% and 13.4% from July and a year ago respectively (Table A). Last month’s resale volume also hit a new high in over a decade. The previous high of 2,773 was in October 2010.
A total number of 26 HDB flats sold above a million in August (Table B), breaking the previous record of 23 units sold in February this year. Year-to-date, 151 million-dollar flats have exchanged hands, of which, 16 transacted above $1.2million.
Since the executive apartment at Mei Ling Street became the first million-dollar HDB transaction almost a decade ago in 2012, a total of 453 other HDB flats transacted for more than one million.
The highest transacted price last month was $1.28 million for a 5-room DBSS flat at Natura Loft, Block 275A Bishan Street 24 (Level 25 to 27). Based on HDB records, this is also the official highest transaction for an HDB flat. The previous record of $1.268 million was one of the HDB terrace houses at Block 39 Jalan Bahagia, with a remaining lease of 50 years.
The streets with the most million-dollar flats sold (Table C) are Cantonment Road (Pinnacle @ Duxton), Bishan Street 24 (DBSS @ Natura Loft) and Lor 1A Toa Payoh (The Peak @ Toa Payoh).
Sengkang led August’s sales with 280 transactions, followed by Punggol with 279 transactions and Tampines with 191 transactions (Table D).
Four-room flats are again the most popular flat types, making up 42.9% with 1,180 flats sold. The next popular flat types are five-room and three-room flats constituting 27.3% and 21.1% with 752 and 580 flats sold respectively (Table E).