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Number of resold million-dollar HDB flats drop 22% MoM in September

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\u003Cp\u003E\u003Cstrong\u003EThe top HDB resale flat in September was an Executive Room in Bishan St. 24.\u003C/strong\u003E\u003C/p\u003E\n\u003Cp\u003EThere were only 42 million-dollar HDB resale flats transacted in September, translating to a 22% drop from August when 54 flats were resold.\u003C/p\u003E\n\u003Cp\u003EWith the addition of the September sales, the number of HDB resale flats sold for the year (9M23) has reached 336, representing 1.7% of the total HDB resale volumes. \u003C/p\u003E\n\u003Cp\u003E“Compared to the same period in 2022, million-dollar resale flat sales were up by about 21% from 277 units resold in 9M 2022. This looks on track to smash the record of 369 million-dollar resale flats transacted in the whole of 2022,” Propnex said.\u003C/p\u003E\n\u003Cp\u003EThe top HDB resale flat transacted in September was a 172 sqm Executive Room at Bishan St 24, sold for $1.45m or $783 psf.\u003Cbr /\u003E\n \u003C/p\u003E

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HDB resale prices dip 0.6% MoM in September\u003Cp\u003E\u003Cstrong\u003EYear-on-year, prices rose by 4.9%.\u003C/strong\u003E\u003C/p\u003E\n\u003Cp\u003EHDB resale prices fell in September, declining by 0.6% MoM, figures from 99-SRX showed.\u003C/p\u003E\n\u003Cp\u003EYear-on-year, however, prices rose by 4.9%.\u003C/p\u003E\n\u003Cp\u003EBased on the report, prices decreased for both mature (-0.4%) and non-mature estates (0.9%) on a month-on-month comparison. \u003C/p\u003E\n\u003Cp\u003EPrices likewise decreased across most room types, except for 3 Room which recorded a 0.6% MoM uptick in prices.\u003C/p\u003E\n\u003Cp\u003E4 Room, 5 Room, and Executive prices decreased by 0.9% MoM, 0.3% MoM, and 2.1% MoM, respectively.\u003C/p\u003E\n\u003Cp\u003EVolume likewise dipped in September, with 1,985 HDB resale units transacted (-19.7% MoM).\u003C/p\u003E\n\u003Cp\u003EYear-on-year, resale volume in September 2023 was 23.3% lower.\u003C/p\u003E\n\u003Cp\u003EMost of the transactions in September were HDB 4 Room (45.5%), followed by 3 Room (35.6%), 5 Room (23.1%), and Executive (5.8%).\u003C/p\u003E\n\u003Cp\u003EIn terms of estate, non-mature estates took the lion’s share of transactions (59.9%). The remaining 40.1% were from mature estates.\u003Cbr /\u003E\n \u003C/p\u003E
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