Number of resold million-dollar HDB flats drop 22% MoM in September

The top HDB resale flat in September was an Executive Room in Bishan St. 24.

There were only 42 million-dollar HDB resale flats transacted in September, translating to a 22% drop from August when 54 flats were resold.

With the addition of the September sales, the number of HDB resale flats sold for the year (9M23) has reached 336, representing 1.7% of the total HDB resale volumes. 

“Compared to the same period in 2022, million-dollar resale flat sales were up by about 21% from 277 units resold in 9M 2022. This looks on track to smash the record of 369 million-dollar resale flats transacted in the whole of 2022,” Propnex said.

The top HDB resale flat transacted in September was a 172 sqm Executive Room at Bishan St 24, sold for $1.45m or $783 psf.