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|October 27,2025Million-Dollar HDBS, Private Property Bubble? PropNex's Ismail Gafoor Shares His Take
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In a recent Business Times interview, PropNex Executive Chairman and Co-Founder Ismail Gafoor shared his views on Singapore's ever-evolving real estate market - from the rise of million-dollar HDBs to the so-called "private property bubble" some are watching closely.
From Emotional Selling to Data-Driven Confidence
Gone are the days when property sales were based purely on emotion and persuasion. As Ismail shared, today's consumers are far more informed - they rely on data, research, and facts to make confident property decisions. This shift has transformed how real estate is transacted in Singapore, with PropTech and analytics now playing a central role in helping both agents and buyers navigate the market with clarity.
The Rise of the Million-Dollar HDB
Singapore saw a record 415 resale HDBs transacted above the million-dollar mark in Q2 2025 alone - a 75% jump from the previous year. Yet, Ismail reminds viewers that these headline-grabbing sales represent only a small fraction of total transactions. The majority of homes remain affordable, and government efforts continue to ensure a range of housing options for different income levels.
A Bubble in the Making? Not Quite.
Despite recent market highs, Ismail remains confident that Singapore's private property market is not in bubble territory. He credits the government's timely cooling measures and strong policy intervention for ensuring sustainable, long-term growth - keeping property ownership accessible for future generations.
And if you're keen to learn how to identify undervalued opportunities even as new launch prices continue to climb - don't miss our upcoming Consumer Empowerment Seminar:
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