"Season by season, quarter by quarter, there will be fluctuations in (HDB) resale prices. But if you look at the trends, year by year, last year's resale price growth was much lower than the year before, 2022, and 2022's lower than the year before that," Mr Lee said.
Mr Lee on April 27 also singled out a five-room unit in a Design, Build and Sell Scheme (DBSS) project in Toa Payoh with a $2 million price listing that has gained attention in recent weeks.
The scheme was launched in 2005 to offer higher-income flat buyers homes with better designs and finishes, but was suspended in 2011. Built on government land, DBSS flats are designed and sold by private developers.
Mr Lee allayed fears over whether this is a reflection of higher resale prices, saying: "These are headliners, and the number of flats that are sold for $1 million and more remains a very small proportion of the overall volume of resale transactions that are carried out every year." He noted that many of such flats have specific attributes, such as being rarer or jumbo units, on a high floor, or near a transport node and malls.
There were 61 flats that changed hands for at least $1 million in March. This was a fraction of the 2,063 resale flats sold in the same month, based on flash data from real estate portals Singapore Real Estate Exchange and 99.co.
https://www.straitstimes.com/singapore/housing/property-market-to-continue-stabilising-despite-hdb-private-home-prices-rising-in-q1-desmond-lee
fucker, i can just simply do a search on propertyguru or 99.co
and easily find $1m+ flats easily and 900k flats easily
boon keng, tiong bahru and other central areas all these price. Lavender also
we really need to kick this bloody useless shit govt out tbh
i rem before i was banned like half yr ago, everytime i go in pu meh (scold) the ministers
for these lj policies
confirm 100% tio points and banned. mahler fahther
just do the action.. :flash:
Ministers talk shit. The only fact is all properties must become more expensive so that money goes into the govt coffers.
Talk is very cheap that's why ministers can run their mouths.
Actually only 2 groups of people sure win. Govt and ppty agents.
Apart from that, unless is old people downgrade to somewhr further, or those who migrate, or dispose of old ppty after parent passing
Else for those just buy is vicious cycle of paying more.
New citizens and rich people are getting into the game to jack things up.
Every year even flats become 4 to 10% more expensive, go and calculate how much the next generation needs to pay.