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Uptrend in million dollar resale hdb transactions

In July, the resale prices of Housing and Development Board (HDB) flats in Singapore rose by 0.6% month-on-month, driven by a surge in million-dollar deals. Flash estimates from SRX and 99.co revealed that 3.9% of the HDB resale market exceeded S$1 million, totaling 120 transactions in July, up from 96 in June. This increase contributed to a significant number of million-dollar deals for the year.

Analysts cite limited supply and buyers' fear of future price increases as reasons for the robust demand. Mature estate flats saw prices increase by 7.8% year-on-year, while non-mature estate prices rose by 6.7%.

The highest transacted price for an HDB resale flat in July was S$1.57 million for a unit at Bishan Street 24. #resalehdb #singapore #hdb #Andyseng

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