SINGAPORE: The resale property market saw an 11% month-on-month increase in the number of million-dollar resale Housing Development Board flat transactions in April.
While the data shows that the property market enjoys robust growth, the surge in high-value transactions has raised concerns about housing affordability as more Singaporeans grapple with inflation outpacing wages and a broader cost-of-living squeeze. Of the 68 units sold in April, seven were in non-mature towns, marking a trend of high-value properties becoming more prevalent in less established areas.
This variety reflects a consistent demand for different flat sizes, catering to various family needs and preferences. Despite the clear demand in the million-dollar resale flat market, the broader issue of housing affordability persists.
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