Insights ยท 2026-11-21
Million-dollar HDB flats: where they are and what they have in common
By the end of October, 1,735 HDB flats had resold for $1 million or more this year, more than in any full year since 2017. They are now 8.0% of all resales, up from 0.2% in 2017.
Where they sell
Toa Payoh, Queenstown and Bukit Merah account for 41% of them. In all, 23 towns have recorded at least one this year.
| Town | Million-dollar resales |
|---|---|
| Toa Payoh | 270 |
| Queenstown | 237 |
| Bukit Merah | 202 |
| Kallang/whampoa | 131 |
| Ang Mo Kio | 123 |
| Bedok | 103 |
| Tampines | 93 |
| Bishan | 90 |
| Clementi | 84 |
| Geylang | 59 |
| Hougang | 54 |
| Central Area | 52 |
| Serangoon | 45 |
| Woodlands | 34 |
| Punggol | 28 |
| Pasir Ris | 28 |
| Bukit Timah | 25 |
| Sengkang | 19 |
| Marine Parade | 15 |
| Jurong East | 14 |
| Yishun | 13 |
| Bukit Batok | 9 |
| Bukit Panjang | 7 |
What kind of flats
Almost all are large: 746 were 4-room, 616 5-room and 360 executive flats. Only 4 were 3-room.
What sets them apart
Height and a long lease. The typical million-dollar flat is on storey 13 or above, against storey 7 for all resales, has 84 years of lease left against 71, and measures 1,184 sq ft against 1,001.
Medians of this year's resales. Storey is the bottom of the published storey band.
Year by year
The count went from 46 in 2017 to 1,735 so far this year.
| Year | Million-dollar resales | Share of all resales |
|---|---|---|
| 2017 | 46 | 0.2% |
| 2018 | 71 | 0.3% |
| 2019 | 64 | 0.3% |
| 2020 | 82 | 0.4% |
| 2021 | 259 | 0.9% |
| 2022 | 369 | 1.4% |
| 2023 | 469 | 1.8% |
| 2024 | 1,035 | 3.7% |
| 2025 | 1,593 | 6.4% |
| 2026 | 1,735 | 8.0% |
2026 runs to the end of October.
Track them weekly
Every issue of PSF Weekly counts the month's million-dollar flats and names the new records.