Singapore recorded 201 HDB resale flats changing hands for at least S$1 million in August 2026, the first time the monthly figure has crossed 200.
The total was up from 187 such transactions in July and surpassed the previous monthly record of 188 set in June.
According to the latest 99.co and SRX figures, million-dollar flats made up 8% of all HDB resale transactions registered in August.
Toa Payoh Had the Most Million-Dollar Deals
The seven-figure transactions were still concentrated mainly in mature estates.
PropNex’s analysis of HDB transaction data found that 177 of the 201 million-dollar flats were in mature estates, another monthly record.
Toa Payoh topped the list with 32 transactions, followed by Queenstown with 26 and Bukit Merah with 21.
Much of Toa Payoh’s total came from newer flats. Of its 32 million-dollar transactions, 24 involved flats along Bidadari Park Drive and Alkaff Crescent.
Another 24 million-dollar flats were sold in non-mature towns, beating the previous record of 21 in July.
Hougang accounted for 14 of those transactions, while five were in Woodlands. The remaining five were spread across Bukit Batok, Bukit Panjang, Jurong East and Sengkang.
In the first eight months of 2026, 1,290 HDB resale flats were sold for at least S$1 million. For comparison, a record 1,593 such flats were sold during the whole of 2025.
Most Expensive August Flat Went for S$1.69 Million
The month’s highest-priced resale transaction was a five-room flat at Tiong Bahru View along Boon Tiong Road.
The 112 sq m unit, located between the 28th and 30th floors, changed hands for S$1,688,888.
Bishan also produced a new record. An executive maisonette in Bishan Street 13 was sold for S$1.65 million, which PropNex said was the highest price recorded for an executive HDB flat.
The 162 sq m unit has about 60 years left on its lease.
Bedok also set a new town record, with a five-room flat at Bedok South Horizon selling for S$1.45 million.
Overall HDB Resale Prices Barely Moved
The record number of million-dollar transactions does not mean HDB resale prices as a whole suddenly jumped in August.
The 99.co and SRX resale price index rose just 0.1% from July. Compared with August 2025, overall prices were actually 0.5% lower.
A total of 2,524 resale flats were transacted during the month, down 5.1% from July, although volume was 14.1% higher than a year earlier.
This means the number of million-dollar transactions rose even while the broader market recorded fewer sales than the previous month.
More Private Home Owners Can Now Enter the Resale Market
One change that could affect resale demand in the coming months is the removal of the 15-month wait-out period for private residential property owners.
Since 27 July, private property owners and former owners buying a non-subsidised HDB resale flat without an HDB housing loan no longer have to wait 15 months before doing so.
HDB said the temporary restriction was removed after several quarters of moderation in resale prices.
PropNex said the change could bring more buyers into the resale market, particularly private home owners looking to right-size into an HDB flat.
