What makes a record breaking HDB unit?

Before we go into what makes a record breaking HDB unit (by total price or per square foot (psf) basis), let’s re-visit some of the record breaking HDB units reported in the news over the past 5 years.

Here we go:

The list does not include HUDCs. Those units have routinely pass $1 million in recent years anyway due to their ‘privatised’ nature and large units (typically much bigger than the executive HDB units).

So what makes a record breaking transaction?  From reading the articles, my thoughts are:

  1. Willing buyer – all other factors are irrelevant if you can’t find a willing seller, typically one that is very very cash-rich, and crazily in love with their soon-to-be new home.
  2. Central location in mature estates – most of the record breaking transactions are located in mature and centrally located HDB estates like Bishan, Queenstown, and Bras Basah.  I expect Duxton Plains and Dawson units to join the ranks when they reach their minimum occupation period (MOP).
  3. Large sizes – In terms of absolute price, it would be the bigger units that will fetch higher record prices for obvious reasons.
  4. Unblocked/great view and height – Higher floor and better views means better prices.  Just refer to the Tiong Bahru and Marine Parade ones as example.  A few of the record breaking units are also top floor units.
  5. Unique layout – that would apply to the ‘sky terrace’ units in Bishan, as well as the loft units in Dawson when they are up.
  6. Rarity – The Toa Payoh unit is an example.
  7. Well renovated – It’s a factor in only some of the cases, but it does contribute to the overall price of units.  Of course, location sort of trumps renovation else we would see record breaking transactions in other estates too.

Other articles you may like to read:

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One thought on “What makes a record breaking HDB unit?

  1. What can I say: well-researched! Your number seven point is interesting – previously, most people wouldn’t rank that high. But these days, not having to deal with rubbish interior designers with their rubbish ideas is a good thing. If the house matches your interior dreams, sure, why not? That said, your other points are spot-on. I would add one other point though because it does fit for some transactions – closeness to MRT stations (e.g. Dakota Crescent, Pine Close, Kallang Heights)

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