How many million-dollar HDB flats are there?
There are 5,519 recorded HDB resale transactions at S$1 million or above in Singapore. Toa Payoh leads all towns with 844 million-dollar transactions. The highest price ever recorded is S$1,728,000 in Bukit Merah. Through Oct 2026, 1,531 flats have crossed the mark in 2026, up from 1,329 over the same months of 2025.
Year-by-Year Trend
The million-dollar HDB phenomenon has accelerated sharply. In 2017, only 46 flats crossed the S$1M mark. By 2025, that number had grown to 1,593. The average price of a million-dollar flat has also risen, from S$1.0M in 2017 to S$1.1M in 2025. 2026 is still running: 1,531 flats have crossed the mark through Oct 2026, against 1,329 over the same months of 2025.
| Year | Transactions | Avg Price |
|---|---|---|
| 2017 | 46 | S$1.0M |
| 2018 | 71 | S$1.1M |
| 2019 | 64 | S$1.1M |
| 2020 | 82 | S$1.1M |
| 2021 | 259 | S$1.1M |
| 2022 | 369 | S$1.1M |
| 2023 | 469 | S$1.1M |
| 2024 | 1,035 | S$1.1M |
| 2025 | 1,593 | S$1.1M |
| 2026to Oct | 1,531 | S$1.2M |
Million-Dollar HDB Flats by Town
Toa Payoh leads all HDB towns with 844 million-dollar transactions and a record price of S$1,600,000. Central, mature estates dominate this list because they combine large flat types (maisonettes, DBSS), long remaining leases, and proximity to MRT stations and the CBD.
Toa Payoh
Top street: BIDADARI PK DR (207 txns)
844 flats
Max: S$1.6M
Bukit Merah
Top street: BOON TIONG RD (142 txns)
686 flats
Max: S$1.7M
Queenstown
Top street: DAWSON RD (234 txns)
657 flats
Max: S$1.7M
Kallang/Whampoa
Top street: ST. GEORGE'S LANE (131 txns)
538 flats
Max: S$1.6M
Bishan
Top street: BISHAN ST 24 (145 txns)
437 flats
Max: S$1.7M
Central Area
Top street: CANTONMENT RD (385 txns)
394 flats
Max: S$1.7M
Ang Mo Kio
Top street: ANG MO KIO ST 52 (71 txns)
327 flats
Max: S$1.5M
Clementi
Top street: CLEMENTI AVE 3 (113 txns)
306 flats
Max: S$1.6M
Geylang
Top street: CIRCUIT RD (80 txns)
183 flats
Max: S$1.4M
Tampines
Top street: TAMPINES AVE 5 (43 txns)
176 flats
Max: S$1.4M
Serangoon
Top street: SERANGOON AVE 2 (68 txns)
159 flats
Max: S$1.3M
Bedok
Top street: BEDOK STH RD (33 txns)
157 flats
Max: S$1.5M
Hougang
Top street: HOUGANG ST 21 (27 txns)
137 flats
Max: S$1.4M
Bukit Timah
Top street: TOH YI DR (109 txns)
116 flats
Max: S$1.5M
Woodlands
Top street: WOODLANDS ST 82 (27 txns)
107 flats
Max: S$1.3M
Pasir Ris
Top street: ELIAS RD (8 txns)
53 flats
Max: S$1.3M
Yishun
Top street: YISHUN AVE 4 (23 txns)
45 flats
Max: S$1.3M
Jurong East
Top street: TOH GUAN RD (27 txns)
42 flats
Max: S$1.2M
Marine Parade
Top street: MARINE DR (22 txns)
42 flats
Max: S$1.4M
Sengkang
Top street: COMPASSVALE DR (15 txns)
31 flats
Max: S$1.2M
What Makes an HDB Flat Worth S$1 Million?
Million-dollar HDB flats share several common characteristics. The most important factor is size: maisonettes (two-storey HDB units no longer built since 1995), DBSS flats (developed by private developers with higher-spec finishes), and executive flats make up the majority of S$1M+ transactions.
Remaining lease matters significantly. Flats with 80+ years of remaining lease command higher prices because they allow full CPF usage and bank financing. Location is the third factor: mature estates near MRT stations, within walking distance of the CBD or popular schools, consistently achieve higher valuations.
Floor level also plays a role. High-floor units with unobstructed views can command premiums of 15-25% over low-floor units in the same block. Renovation quality, while subjective, can add S$50,000-S$100,000 for extensively renovated units.
Frequently Asked Questions
How many million-dollar HDB flats are there in Singapore?
As of our latest data, 5,519 HDB resale transactions have crossed the S$1 million mark. Toa Payoh leads with 844 transactions, followed by Bukit Merah with 686.
What is the most expensive HDB flat ever sold?
The highest recorded HDB resale price is S$1,728,000 in Bukit Merah. Million-dollar flats are typically large units (maisonettes, DBSS, or executive flats) with long remaining leases, on high floors, in mature estates.
Which HDB towns have the most million-dollar flats?
The top 5 towns are: Toa Payoh (844), Bukit Merah (686), Queenstown (657), Kallang/Whampoa (538), Bishan (437). Central, mature towns with good MRT connectivity dominate the million-dollar segment.
Explore HDB prices by town
View detailed HDB resale analysis for every town in Singapore, including prices by flat type, floor premiums, and lease age impact.
Source: HDB Resale Flat Prices via data.gov.sg, records through Oct 2026. Analysis by FairComparisons.