Million-dollar 4-room HDB resale flats: What, where, why and when?

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In May 2022, two of the 30 million-dollar HDB resale flats sold were 4-roomers. One was a 1,012-sqft flat in Pinnacle@Duxton while the other was a 1,023-sqft flat in Bishan’s Natura Loft. Few realise that the Pinnacle@Duxton flat, which sold for $1.228 million, is a record in the history of 4-room HDB flats. While it’s de rigueur for executive and...

Not surprisingly, 81 per cent of all 4-room flats resold above $1 million so far are from the 50-storey Pinnacle@Duxton. Most of them are mid- to higher-floor apartments .

Another notable trend to monitor is the gradual increase in the number of 4-room flats sold on a year-to-year basis, with more than half of them sold last year.While Moh Guan Terrace seems to be the oldest 4-room HDB flat sold for above S$1m , it is also possibly the record-holder for being on the lowest floor . It should also be noted that the 4-room flat is an amalgamation of two 2-room units .

Effective from April 7, 2022, homeowners impacted by Sers can sell their flats only five years after they’ve collected their keys . Coincidentally , the recent Ang Mo Kio Sers was announced on that same day.

 

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