Recently, we’ve seen resale HDB flats reaching astonishing prices, like a recent record of $1.73 million for a five-room flat and a hefty $900,000 for a three-room flat. Understandably, these rising costs are sparking debates about whether HDB flats remain affordable. A common argument suggests most of the million-dollar flats aren’t your typical ones. Some readers propose that if we exclude unique types like DBSS, jumbo flats, or maisonettes, the apparent price surge wouldn’t seem as dramatic. Curious about these claims, we decided to delve into the price trends of HDB flats, looking at both typical and special units to understand the real growth.
Let’s clarify what we mean by “normal” flats. This category excludes:
– 3Gen and multigenerational flats
– Adjoined or jumbo flats
– DBSS units
– Maisonettes
– Flats located at Pinnacle@Duxton
Additionally, we’re not considering HDB terraced houses in our analysis. These aren’t your standard HDB flats but are more so landed properties that could skew the results if included.
