A Singapore public housing unit has sold for a record $1.1 million, reflecting the city-state’s buoyant property market. The property is a 4-room HDB flat located in the prime district of Bishan.
The unit is located on the 11th floor of a 16-storey block, with a floor area of 1,763 square feet. It was sold to a local couple for use as their home. The sale price of the unit sets a new record for a public housing flat in Singapore, surpassing the previous record set in June 2022. That flat sold for $1.418 million and was a 5-room HDB flat in the same district.
The high price of the unit reflects the strong demand for public housing in Singapore. The city-state has limited land supply, resulting in rising prices for both private and public housing.
The sale of the unit is a sign of the strong demand for public housing in Singapore. The city-state has a limited supply of land, which has led to rising prices for both private and public housing.
The high price of the unit reflects Singapore’s desirability as a place to live. It has a strong economy, high standard of living, and safe and clean environment.
The sale of the unit is a sign that the Singapore property market remains strong. It is likely that prices will continue to rise in the coming months and years.
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