177 views
/Chalo Garcia for pexels

July posts 33 million-dollar flats sold – second-highest in a month

This number accounts for 1.4% of the total resale volume in July.

Over 33 HDB resale flats worth at least $1m were sold in July 2022, up from 31 units in June 2022, property experts, 99.co and SRX, said.

This number also marked the second highest number of resale flats sold, which indicates that this trend will exceed the record-high flats sold in December 2021.

“The consecutive upward trend, though small, seems to indicate a trajectory where the current all-time record of 36 in December 2021 will soon be surpassed,” read the statement.

In July, Bishan posted 10 flats sold in a month, followed by Ang Mo Kio with five, Queenstown with four.

As for HDB resale prices, it went up 0.7% in July 2022 compared to June 2022.  On a yearly basis, overall price increase for HDB resale is 11.6%.

READ MORE: HDB rents 'may reach peak soon': OrangeTee

Prices of mature and non-mature estates prices went up 0.8% and 0.6%, respectively, compared to June 2022. 

A total of 2,363 HDB resale flats were sold in July 2022, representing a 10.5% increase from June 2022.

Follow the links for more news on

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Exclusives

ION Orchard marks 15 years as a premier retail destination
The mall is proactive in conducting surveys to identify trends and optimise its tenant mix.
Retail
ION Orchard leads charge in sustainable takeaway practices
 Shoppers will enjoy discounts when they opt for a reusable mug or food container from Muuse.