Million-dollar flat transactions reach record high by July 2021

A total of 120 flats sold for more than $1m as of the first seven months of the year.

Million-dollar flat transactions for the first seven months of 2021 hit a new record at 120 units, higher than that of the full year of 2020.

This could lead to 180 flats getting sold for $1m or more for the entire year, according to a report from OrangeTee, given the quarterly average of 25 multi-million flats sold for the past three years.

A steep rise in prices was seen in the Central Area, where 25 resale flats sold for more than $900,000, 16 of which traded for at least $1m.

According to the latest government data, the average price of resale flats rose in 22 out of 26 towns last quarter, underscoring a significant imbalance in supply and demand in many locations.

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!