A four-room HDB flat in Clementi has made headlines for shattering resale records, fetching a jaw-dropping S$1.28 million in July 2025. The transaction marks the highest price ever recorded for a four-room flat in the Clementi area, according to data from 99.co.
The unit, located at Block 445B Clementi Avenue 3 in the Clementi Crest BTO estate, spans 1,001 square feet and is perched between the 34th and 36th storeys of a 40-storey building. With its lease beginning in 2021, the seller had just completed the five-year Minimum Occupation Period (MOP) before listing the flat on the resale market.
Given the initial BTO launch price of S$478,000 back in 2015 (excluding grants), the seller could be looking at a paper gain of around S$802,000. However, property experts caution that this figure doesn’t account for renovation costs, legal fees, and other associated expenses.
What’s Driving the High Demand in Clementi?
The eye-watering sale price reflects more than just the flat’s interior or floor height. Clementi Crest enjoys a prime location with superb connectivity and amenities. The estate is just a four-minute walk from Clementi MRT station and Clementi Mall, making it highly attractive to both families and working professionals.
Moreover, the area is surrounded by a cluster of educational institutions—four primary schools, one secondary school, and even the prestigious NUS High School of Math and Science—all within a one-kilometre radius.
This isn’t the only high-value transaction from Clementi Crest in recent months. Another unit in a neighbouring block was sold for S$1.207 million in July, and one went for S$1.18 million in June, further signalling the neighbourhood’s strong appeal and rising property value.
Authorities Caution Against a Resale Bubble
Despite the fanfare around million-dollar resale flats, National Development Minister Desmond Lee has reminded the public that these sales are still rare. Speaking at a media briefing in August 2024, he revealed that flats transacting at sky-high prices represent just 0.5% of all four-room or smaller flat sales in recent years.
He added that most of these transactions are for units on very high floors, located in mature estates with excellent transport links and amenities. Still, the impact of these newsworthy deals on market psychology can be significant.
“When sellers see headlines like this, it inflates their expectations. Buyers, on the other hand, rush to buy out of fear of missing out. If this dynamic isn’t checked, we could see a resale bubble that’s disconnected from economic fundamentals,” Lee warned.
Even though only around 2% of HDB resale flats have crossed the million-dollar threshold in the last 1.5 years, such transactions are fuelling a broader debate about public housing affordability and whether young families can still realistically own homes in central locations.
As urban development continues and resale demand surges, Clementi—and estates like it—may remain flashpoints in Singapore’s evolving housing landscape.