Million-Dollar HDBs Are No Longer the Exception—They’re the Beginning

Video description from @propertylimbrothers

In 2024, the HDB resale market witnessed a historic surge, with 1,035 flats sold for $1 million or more. For one, buyers, ranging from condominium down-graders to dual-income families, are increasingly gravitating towards centrally located, larger flats with unique features, sometimes over traditional private properties.

Here’s the other reality. This means the window for upgrading is shrinking. Why? Our government has reduced borrowing limits from 80% to 75%, to balance market growth with affordability. And every day passed could expose you to tighter loan restrictions, stricter regulations, and policies that will make upgrading harder and more costly.