Although these are technically HDB flats, they were built and sold by private developers. There are only a handful of DBSS projects in Singapore, so it’s not surprising that these “limited edition” flats have been able to fetch a premium.
The remaining units sold in the area were a new flat on 8A Upper Boon Keng Road which just fulfilled its MOP, a rare 5-room Maisonette at 121 Potong Pasir Avenue 1 and a 5-room Improved flat at 153 Lorong 2 Toa Payoh.Aerial view of Bishan Park. Source: WikicommonsWith the majority of million-dollar HDB flats located in the central or city fringe area, it’s clear that location is a major contributor to the resale value of a flat.
Other heartland unicorns include the five 5-room flats sold for over $1 million in the Ang Mo Kio area.By examining the million-dollar HDB resale flats in 2021, we now have a pretty good picture of what sort of HDB flat has a good chance of fetching a 7-digit price.
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