Singapore million-dollar flats hits record highs in Q1

A total of 185 flats were sold for at least $1 million.

According to an OrangeTee report, a record-breaking 185 resale flats were sold for at least a million dollars in Singapore in Q1 2024, surpassing the previous quarterly record of 133 units sold in the last quarter of 2023. 

A total of 8.1 per cent (15 units) of last quarter’s million-dollar transactions were from the non-mature estates, up from 7.7 per cent (36 units) in 2023 and 6 per cent (22 units) in 2022. 

“The number of big flats sold for at least a million dollars each rose to fresh highs this year. In Q1 2024, 76 5-room and 53 executive flats sold for at least a million dollars each, both being record numbers. The most expensive flats were also transacted in Q1 2024, and both were 5-room DBSS units in Toa Payoh, sold for S$1.57 million and S$1.54 million in January 2024,” the report said.