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Tuesday, July 22, 2025
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MILLION DOLLAR HDB RESALE FLAT STARTS TO SOUND LIKE A NORM

Below is a summary of transactions in Singapore where Housing and Development Board (HDB) flats were sold for more than S$1 million, based on available information from posts on X. These transactions reflect the growing trend of high-value HDB resale deals, particularly for larger or uniquely located flats. Note that the data is limited to specific examples reported on X and may not cover all such transactions in Singapore. For a comprehensive list, official HDB resale data or property databases would be required, but I can provide details from the sources at hand.

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Reported HDB Transactions Above S$1 Million:

  1. Bishan Executive Maisonette (2025)
    • Location: Bishan
    • Type: Two-storey executive maisonette
    • Sale Price: S$1.588 million
    • Details: This transaction set a national record for HDB maisonette units. The flat’s rare size and open layout contributed to its high price.
    • Date Reported: July 18, 2025
  2. Clementi HDB Flat (2025)
    • Location: Clementi
    • Type: Not specified (likely a larger flat, e.g., 5-room or executive)
    • Sale Price: S$1.28 million
    • Details: Sold after meeting the five-year Minimum Occupation Period (MOP) requirement.
    • Date Reported: July 21, 2025
  3. Tiong Bahru 4-Room Jumbo Flat (2023)
    • Location: Tiong Bahru
    • Type: Jumbo 4-room flat (built in 1973)
    • Sale Price: S$1.5 million
    • Details: A record-setting sale for a 4-room flat in the heritage-rich Tiong Bahru estate.
    • Date Reported: June 24, 2023
  4. Yishun Multi-Generation Flat (2022)
    • Location: Blk 666 Yishun Ave 4
    • Type: Multi-generation HDB resale flat
    • Sale Price: S$1.063 million
    • Details: Set a record for multi-generation flats at the time.
    • Date Reported: October 21, 2022
  5. Dakota Crescent Maisonette (2022)
    • Location: Dakota Crescent
    • Type: HDB maisonette
    • Sale Price: S$1.05 million
    • Details: A notable sale in the older Dakota Crescent estate.
    • Date Reported: September 21, 2022
  6. Punggol HDB Flat (2022)
    • Location: Punggol
    • Type: Not specified (first million-dollar resale in Punggol)
    • Sale Price: S$1.2 million
    • Details: Marked the first million-dollar HDB resale flat in the Punggol estate.
    • Date Reported: September 16, 2022

Key Observations:

  • Types of Flats: Most million-dollar HDB sales involve larger or specialized flat types, such as executive maisonettes, jumbo flats, or multi-generation units. These are typically more spacious and located in desirable estates.
  • Locations: High-value sales are concentrated in mature estates (e.g., Bishan, Tiong Bahru, Clementi) or areas with unique attributes (e.g., Dakota Crescent’s heritage appeal).
  • Trend: The frequency of million-dollar HDB sales has increased over time, with prices rising from S$1.05 million in 2022 to S$1.588 million in 2025, reflecting strong demand and limited supply of such units.
  • Sentiment: Posts on X, such as, indicate public concern about escalating HDB prices, with some users describing them as “absurd.”
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