DBSS flat sold for a record $1.295 million

HDB resale volume remained strong with 2,525 flats sold in September, the third-highest for 2021. The 1,959 flats sold in May was the only month whereby resale volume fell below the 2,000 mark this year.

Resale volume dipped 7.9% in September, compared to 2,743 flats sold in August 2021. Comparing year-on-year, September’s volume of 2,525 is 1.7% higher than the 2,482 sold a year ago (Table A)

Table A

A total of 23 HDB flats sold above a million in September (Table B), bringing the year-to-date total to 174. Since the executive apartment at Mei Ling Street became the first million-dollar HDB transaction almost a decade ago in 2012, a total of 476 HDB flats have sold above one million.

The highest transacted price last month was $1.295 million for a 5-room DBSS flat at Natura Loft, Block 273A Bishan Street 24 (Level 37 to 39). Based on HDB records, this is the official highest ever HDB flat sold. The previous record of $1.28 million was for a neighboring 5-room flat at Block 275A, sold in August 2021.

Table B

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).

Table C

Punggol led September’s sales with 238 transactions, followed by Sengkang with 219 transactions and Tampines with 208 transactions (Table D).

Table D

Four-room flats are again the most popular types, making up 42.7% with 1,078 flats sold. The next popular types are five-room and three-room flats constituting 26.6% and 21.4% with 671 and 540 flats sold respectively (Table E).

Table E