Public housing affordable and attainable, says HDB, citing two global reports

Resale flats that sold for high prices form small proportion of transactions

- Wong Yang

Public housing here remains affordable and attainable for Singaporeans, the Housing Board said on Oct 2, citing two international housing reports that pointed to high levels of home ownership and public housing attainability in Singapore.

Flash data released by HDB on Oct 1 showed resale prices had climbed 2.5 per cent from July to September - the 18th consecutive quarterly rise since the second quarter of 2020.

In its statement on Oct 2, HDB said resale flats that sold for high prices formed a small proportion of such transactions.

It said million-dollar flats accounted for only 2 per cent of total resale transactions in the last 11/2 years, pointing out that these flats were mostly maisonettes, executive apartments and jumbo flats, or five-room flats with attractive attributes, such as good locations.

It also said that less than 0.5 per cent of four-room and smaller flats changed hands for above a million dollars.