13 units of HDB Resale Flats transacted for over S$1m in Jan 2021

The HDB resale market shows no signs of slowing down in 2021 as resale prices rose by 1.7 per cent last month, compared with December 2020. These units were located in Cantonment Road, Lorong 1A Toa Payoh, Clementi Ave 3, Ghim Moh Link, Commonwealth Drive, Bishan Street 12, Bukit Merah View and Serangoon Avenue 2. 

The highest transacted price was S$1.21m for a five-room Design, Build and Sell Scheme (DBSS) unit at Natura Loft in Bishan Street 24. The demand for HDB resale flats is quite clearly outpacing the supply for now as units some HDB resale flats were sold above their valuation amounts, which meant that buyers had to pay cash for the difference in price and valuation.

Analysts said that the resale market is likely to stay strong this year, even as the government said recently that it is monitoring the property market closely. 

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