The million-dollar HDB flat, measured
Updated · written from the transacted record
In 2020, 0.4% of HDB resales transacted at S$1,000,000 or more. So far in 2026 it is 7.3% — 1,087 flats in the first seven months, about five a day. The counts come from the HDB resale transactions published on data.gov.sg, to July 2026. The other side of the same record: 92.7% of this year's resales were still below the line.
From exception to category
Every million-dollar flat used to be a news story. The record says that stopped being justified some time in 2024:
| Year | Resales ≥ S$1m | Share of all resales |
|---|---|---|
| 2020 | 82 | 0.4% |
| 2021 | 259 | 0.9% |
| 2022 | 369 | 1.4% |
| 2023 | 468 | 1.8% |
| 2024 | 1,035 | 3.7% |
| 2025 | 1,591 | 6.3% |
| 2026 (to Jul) | 1,087 | 7.3% |
1,087 flats crossed the line in the first seven months of 2026 — five a day, and a share around twenty times 2020's. At this pace the million-dollar flat is not an anomaly; it is a market segment.
The shape of the segment has changed
The category began as an executive-maisonette story: rare flat types, huge floorplates. Over the last 12 months (Aug 2025 – Jul 2026) the most common million-dollar flat is a 4-room:
| Flat type | Million-dollar resales, last 12 months |
|---|---|
| 4-room | 757 |
| 5-room | 644 |
| Executive | 339 |
| Others | 9 |
A 4-room crossing S$1m is not a floor-area story — it is a lease and location story: young leases in central towns. The towns confirm it: Toa Payoh (285), Bukit Merah (229), Queenstown (222), Kallang/Whampoa (144) and Ang Mo Kio (129) lead the last 12 months. The highest resale price transacted so far is S$1.728m, a 5-room in Bukit Merah (April 2026).
The base rate the headlines skip
92.7% of 2026's resales were still below S$1m. Million-dollar deals cluster in exactly the towns and flat types above — which means the phenomenon tells you almost nothing about what your target block should cost. A record sale in Toa Payoh does not reprice a 4-room in Woodlands; only Woodlands' own record does that.
That is the practical takeaway for buyers and sellers alike: the market-wide share is a headline number; the negotiation-relevant number is the block's own recent transacted record (and its neighbours') at your flat type and storey band.
Your block's own record, not the headline. Every HDB block page on PriceVero carries the block’s own recent transacted resales — and you can put an asking price against that record here.
Free — sign in and the rating is on the screen. The size comes from the block’s own transacted record, so a typo cannot hand you a confident wrong answer. Want the longer form, with floor, size and the stamp duty? Open the price check. Holding a listing link instead? Paste it here. Not a valuation — a reading of a price against the evidence. Or browse HDB blocks by town.
Method
All HDB resale transactions as published on data.gov.sg, counted by the month in which HDB recorded the resale; 2026 covers January–July, the latest month published. “Million-dollar” = resale price ≥ S$1,000,000. Computed 11-09-2026.
HDB transaction data: Housing & Development Board, via data.gov.sg, used under the Singapore Open Data Licence (https://data.gov.sg/open-data-licence). Resale figures cover sales recorded to July 2026. Analysis by PriceVero. HDB does not endorse PriceVero or this analysis.