Last Updated: March 2026. This list is updated at the start of every month using the latest available HDB data.
Tracking the highest recorded HDB resale price provides context for how the public housing market has evolved over time. Record transactions highlight shifts in buyer demand, supply constraints in mature estates, and the increasing value placed on location and accessibility.
The highest recorded resale price for an HDB flat currently exceeds $1.7 million, achieved by a 5-room flat in Queenstown in February 2026. This transaction represents the current record based on verified resale data.
Over the past decade, the ceiling for HDB resale prices has steadily increased. Earlier million-dollar transactions were considered rare events, typically involving large Executive flats in highly desirable estates. More recent transactions show that 5-room flats in premium city-fringe estates can reach similar or higher prices.
Several towns consistently produce record-breaking transactions due to their proximity to the Central Business District and their established transport networks. Queenstown, Bishan, Toa Payoh, Bukit Merah, and the Central Area are among the estates most frequently associated with record resale prices.
Monitoring these record transactions provides insight into the premium segment of the HDB resale market and how pricing ceilings shift over time.
The list below tracks the top 50 most expensive HDB flats ever sold in Singapore based on recorded resale transactions. The ranking is updated monthly to reflect newly recorded high-value transactions across Singapore’s HDB towns.
| Rank | Town | Flat Type | Price | Transaction Date |
|---|---|---|---|---|
| 1 | Queenstown | 5 Room | $1,700,000 | Feb 2026 |
| 2 | Queenstown | 5 Room | $1,658,888 | Jun 2025 |
| 3 | Bishan | 5 Room | $1,632,000 | Nov 2025 |
| 4 | Toa Payoh | 5 Room | $1,600,000 | Jan 2025 |
| 5 | Central Area | 5 Room | $1,600,000 | Aug 2025 |
| 6 | Bishan | Executive | $1,600,000 | Nov 2025 |
| 7 | Central Area | 5 Room | $1,590,000 | Sep 2025 |
| 8 | Bukit Merah | 5 Room | $1,588,000 | Jun 2024 |
| 9 | Bukit Merah | 5 Room | $1,588,000 | Jun 2024 |
| 10 | Bishan | Executive | $1,588,000 | Jul 2025 |
| 11 | Bukit Merah | 5 Room | $1,580,000 | Sep 2024 |
| 12 | Central Area | 5 Room | $1,580,000 | Jun 2025 |
| 13 | Central Area | 5 Room | $1,580,000 | Jul 2025 |
| 14 | Bukit Merah | 5 Room | $1,580,000 | Sep 2025 |
| 15 | Toa Payoh | 5 Room | $1,568,888 | Jan 2024 |
| 16 | Central Area | 5 Room | $1,568,380 | May 2025 |
| 17 | Bishan | 5 Room | $1,568,000 | Jul 2024 |
| 18 | Kallang / Whampoa | 3 Room | $1,568,000 | Jul 2024 |
| 19 | Bukit Merah | 5 Room | $1,568,000 | Jul 2025 |
| 20 | Central Area | 5 Room | $1,560,000 | Jan 2026 |
| 21 | Central Area | 5 Room | $1,558,888 | Jul 2025 |
| 22 | Central Area | 5 Room | $1,558,000 | Dec 2025 |
| 23 | Bishan | 5 Room | $1,550,000 | Jan 2025 |
| 24 | Central Area | 5 Room | $1,550,000 | May 2025 |
| 25 | Central Area | 5 Room | $1,550,000 | Sep 2025 |
| 26 | Central Area | 5 Room | $1,550,000 | Sep 2025 |
| 27 | Queenstown | 5 Room | $1,550,000 | Jul 2025 |
| 28 | Toa Payoh | 5 Room | $1,550,000 | Oct 2025 |
| 29 | Toa Payoh | 5 Room | $1,550,000 | Dec 2025 |
| 30 | Bukit Merah | 5 Room | $1,548,000 | Jun 2025 |
| 31 | Central Area | 5 Room | $1,540,000 | Jan 2026 |
| 32 | Bukit Merah | 5 Room | $1,538,888 | Jan 2024 |
| 33 | Central Area | 5 Room | $1,538,000 | Jun 2025 |
| 34 | Bishan | 5 Room | $1,530,000 | Sep 2025 |
| 35 | Central Area | 5 Room | $1,528,000 | Apr 2025 |
| 36 | Bukit Merah | 5 Room | $1,520,000 | Nov 2025 |
| 37 | Toa Payoh | 5 Room | $1,518,000 | Sep 2025 |
| 38 | Central Area | 5 Room | $1,515,000 | Jul 2025 |
| 39 | Bukit Merah | 5 Room | $1,510,000 | Nov 2025 |
| 40 | Toa Payoh | 5 Room | $1,510,000 | Feb 2026 |
| 41 | Central Area | 5 Room | $1,508,000 | May 2025 |
| 42 | Clementi | 5 Room | $1,500,000 | Nov 2024 |
| 43 | Toa Payoh | 5 Room | $1,500,000 | Sep 2025 |
| 44 | Queenstown | 5 Room | $1,500,000 | Sep 2025 |
| 45 | Toa Payoh | 5 Room | $1,500,000 | Nov 2025 |
| 46 | Queenstown | 5 Room | $1,500,000 | Nov 2025 |
| 47 | Toa Payoh | 5 Room | $1,500,000 | Dec 2025 |
| 48 | Central Area | 5 Room | $1,500,000 | Jan 2026 |
| 49 | Queenstown | 5 Room | $1,500,000 | Jan 2026 |
| 50 | Central Area | 5 Room | $1,500,000 | Feb 2026 |
Towns With The Most Million Dollar HDB Flats
Million-dollar HDB transactions are not evenly spread across Singapore. They are concentrated mainly in mature estates close to the city centre, where location, flat size, and limited supply combine to support higher resale prices.
The towns that most frequently appear among high-value transactions include:
| Town | Key Drivers |
|---|---|
| Queenstown | City-fringe location, mature estate, MRT access |
| Bukit Merah | Central location, limited supply, strong demand |
| Bishan | Major MRT interchange, established amenities |
| Toa Payoh | Central location, large flat layouts |
| Central Area | Rare HDB supply near the CBD |
The towns that appear most often among top-value transactions include Queenstown, Bukit Merah, Bishan, Toa Payoh, and the Central Area. These locations share several structural advantages that help explain why they dominate the highest resale ranks.
One key factor is flat size. Many developments in these towns were built decades ago, during a period when HDB flats were generally larger than those built today. These more spacious layouts remain highly attractive to buyers who want more living space without giving up a central or city-fringe location.
Transport connectivity also plays a major role. Estates with strong access to major MRT lines and employment centres tend to attract sustained demand, especially from buyers who prioritise convenience and shorter commuting times.
Another important driver is scarcity. Large flats in mature estates are limited in number, and supply remains tight. When rare units in desirable blocks enter the resale market, competition can push prices to record levels. In some cases, additional factors such as high-floor units, city views, or unusually large layouts further increase buyer willingness to pay.
As a result, these mature and centrally located estates consistently account for many of Singapore’s most expensive HDB resale transactions.
Flat Types That Reach Million Dollar Prices
Not all HDB flat types reach million-dollar resale prices. Transaction data shows that larger flat types dominate the premium segment of the market.
The majority of the highest resale transactions involve 5-room flats. These flats typically provide larger floor areas than newer BTO units, making them attractive to buyers seeking space in mature estates.
Executive flats also appear frequently among high-value transactions. These units are often larger than standard flats and were built during earlier HDB development phases.
In rare cases, smaller flat types may appear among high-value transactions if the location is exceptional. For example, some centrally located developments in Kallang or the Central Area have recorded unusually high resale prices despite smaller flat types.
However, the overall pattern remains consistent. Larger flat configurations combined with central locations are the most common characteristics of million-dollar HDB resale transactions.
Understanding which flat types dominate high-value transactions helps contextualise record resale prices and prevents incorrect comparisons between different flat categories.
Why Million Dollar HDB Transactions Occur
Million-dollar HDB transactions generally occur when several pricing drivers combine simultaneously.
Large HDB flat types such as 5-room and Executive flats represent the majority of record sales. These flats offer larger floor areas compared to newer BTO layouts.
Mature estates with strong transport accessibility and established amenities attract consistent demand. Locations within short distance of MRT stations, city centres, or major employment hubs often command higher resale prices.
High floor units with unblocked views also play an important role. Premium floors within the same block often transact significantly higher than lower floors.
Remaining lease also influences resale values. Flats with longer remaining leases typically attract stronger buyer interest and achieve higher transaction prices.
When these factors appear together in one property, the resale price can exceed the million-dollar threshold.
Common Misunderstandings And Mistakes
Million-dollar HDB resale transactions often create misleading impressions about the overall HDB market. One common misunderstanding is the assumption that million-dollar transactions are widespread across all towns. In reality, these sales are heavily concentrated in a small number of central or mature estates where supply is limited and location advantages are strong.
Another frequent mistake involves interpreting record transactions as representative of average prices. Most HDB flats continue to transact significantly below the million-dollar mark. Record transactions usually involve exceptional attributes such as premium floor levels, rare flat types, large floor areas, or highly desirable locations.
Some market observers also assume that the million-dollar threshold represents a permanent pricing benchmark for the surrounding neighbourhood. In practice, many record transactions remain outliers relative to nearby transactions within the same town.
Finally, comparisons between towns without considering flat type or floor area can lead to inaccurate conclusions. Larger Executive flats or older developments with unusually large layouts often command higher prices than standard flat configurations.
Understanding these distinctions helps prevent incorrect interpretations of headline-grabbing resale prices.
Key Takeaways
Million-dollar HDB resale transactions represent a small but important segment of Singapore’s public housing market. The highest transaction prices are consistently concentrated in mature estates near the city centre where supply of large flats is limited.
Most record transactions involve 5-room or Executive flats located in estates such as Queenstown, Bishan, Toa Payoh, Bukit Merah, and the Central Area. These flats typically combine large floor areas, high floor levels, strong transport connectivity, and proximity to central employment hubs.
Tracking the most expensive HDB resale flats provides insight into where premium public housing demand is strongest. These transactions also highlight how location, flat type, floor level, and remaining lease influence resale pricing.
Because new transactions continue to occur, the list of the most expensive HDB flats changes over time. Monthly updates ensure the ranking reflects the latest verified resale data.
FAQs
The highest recorded HDB resale price currently exceeds $1.7 million, achieved by a 5-room flat in Queenstown in February 2026. This transaction represents the highest publicly recorded resale price based on available transaction data.
Mature estates near the city centre typically record the most million-dollar transactions. Towns such as Queenstown, Bukit Merah, Bishan, Toa Payoh, and the Central Area frequently appear among the highest resale transactions.
Million-dollar HDB flats remain a small proportion of the overall resale market. Most HDB transactions still occur below the million-dollar level, particularly in non-central estates.
5-room and Executive HDB flats account for the majority of million-dollar HDB transactions. These flat types typically offer larger floor areas compared to standard flats.
Not necessarily. Some older flats in mature estates have larger floor areas and better central locations. These characteristics can result in higher resale prices despite shorter remaining leases.
New record transactions appear periodically as market conditions change. Updates to the ranking are typically required several times per year as new high-value transactions are recorded.