The short answer: From January to September 2026, 1,497 HDB resale flats sold for S$1 million or more, 7.6% of all resales, on our count of HDB's own transaction data. That is already close to 2025's full-year record of 1,593. Toa Payoh, Queenstown and Bukit Merah produced the most, and 4-room flats were the largest group.
Updated 2 October 2026. All counts below are our own, from HDB's resale flat prices dataset on data.gov.sg, downloaded on 2 October 2026. This page replaces an earlier version that contained incorrect figures; see the correction note at the end.
How did we count million-dollar HDB flats?
HDB does not publish a count of million-dollar flats, but it publishes every resale transaction in its resale flat prices dataset on data.gov.sg. Our method:
- A "million-dollar flat" is any transaction with
resale_priceof 1,000,000 or more. - Each sale is counted in the month the resale was registered (the dataset's
monthfield), not the month the price was agreed. - 2026 figures run from January to September 2026. October 2026 is excluded because the month is incomplete.
- HDB's dataset excludes resales that may not reflect the full market price, such as sales between relatives and sales of part shares.
HDB updates the dataset regularly, so recent months can change slightly as records are added. Counts published by agencies and the press differ from ours by one or two transactions in some periods (see the reconciliation below).
How many HDB flats sold for S$1 million or more each year?
| Year | Million-dollar resales | All resales | Share |
|---|---|---|---|
| 2021 | 259 | 29,087 | 0.9% |
| 2022 | 369 | 26,720 | 1.4% |
| 2023 | 469 | 25,754 | 1.8% |
| 2024 | 1,035 | 27,832 | 3.7% |
| 2025 | 1,593 | 25,085 | 6.4% |
| 2026, January to September | 1,497 | 19,642 | 7.6% |
Source: our count from HDB resale flat prices, data.gov.sg, retrieved 2 October 2026.
The count more than doubled in 2024 and rose by about 54% in 2025. For comparison, January to September 2025 had 1,243 million-dollar resales, so the first nine months of 2026 were about 20% higher on the same basis (our calculation).
How many million-dollar flats sold each month in 2026?
| Month (registration) | Million-dollar resales | All resales |
|---|---|---|
| January 2026 | 145 | 2,339 |
| February 2026 | 122 | 1,661 |
| March 2026 | 144 | 2,042 |
| April 2026 | 137 | 1,933 |
| May 2026 | 165 | 2,126 |
| June 2026 | 188 | 2,125 |
| July 2026 | 187 | 2,649 |
| August 2026 | 201 | 2,520 |
| September 2026 | 208 | 2,247 |
Source: our count from HDB's data.gov.sg dataset, retrieved 2 October 2026.
PropNex counted 201 million-dollar resales in August 2026 and described it as a new monthly high, as reported by Stacked Homes on 3 September 2026. In the dataset as of 2 October, September 2026 has 208, which is higher still. September's figure may be revised as HDB adds records.
Do our numbers match published counts?
| Period | Our count | Published count | Published by |
|---|---|---|---|
| 2024 | 1,035 | 1,035 | PropNex, via EdgeProp (23 Jan 2026) |
| 2025 | 1,593 | 1,594 | PropNex, via EdgeProp (23 Jan 2026) |
| Q1 2026 | 411 | 411 | Stacked Homes (24 Jul 2026) |
| Q2 2026 | 490 | 491 | Stacked Homes (24 Jul 2026) |
| Q3 2026 | 596 | 597 | The Straits Times via Yahoo (1 Oct 2026) |
| January to September 2026 | 1,497 | 1,499 | The Straits Times via Yahoo (1 Oct 2026) |
The gaps of one or two transactions are most likely due to counts taken on different dates.
Which towns have the most million-dollar HDB flats?
| Town | Jan to Sep 2026 | Jan to Sep 2025 | Full year 2025 |
|---|---|---|---|
| Toa Payoh | 231 | 240 | 302 |
| Queenstown | 206 | 129 | 173 |
| Bukit Merah | 176 | 170 | 216 |
| Kallang/Whampoa | 115 | 111 | 147 |
| Ang Mo Kio | 111 | 68 | 80 |
| Tampines | 79 | 51 | 68 |
| Bedok | 77 | 33 | 39 |
| Clementi | 77 | 78 | 106 |
| Bishan | 73 | 73 | 98 |
| Hougang | 50 | 34 | 45 |
| Central Area | 47 | 46 | 55 |
| Geylang | 47 | 48 | 62 |
| All other towns | 208 | 162 | 202 |
| Total | 1,497 | 1,243 | 1,593 |
Source: our count from HDB's data.gov.sg dataset, retrieved 2 October 2026. HDB's dataset groups resales into 26 towns.
- The top five towns (Toa Payoh, Queenstown, Bukit Merah, Kallang/Whampoa and Ang Mo Kio) accounted for 839 of the 1,497 sales in January to September 2026, or 56%.
- Queenstown had the largest share of its own resales at S$1 million or more: 33% in January to September 2026, against 30% in Toa Payoh and 24% in Bukit Merah (our calculation).
- Fastest growth: Bedok (33 to 77), Ang Mo Kio (68 to 111) and Queenstown (129 to 206) grew most in the first nine months of 2026 compared with the same period of 2025. Toa Payoh's count was slightly lower.
- No million-dollar resales: Choa Chu Kang, Jurong West and Sembawang had none in 2025 or in January to September 2026. Twenty-three of the 26 towns had at least one.
Which flat types sell for S$1 million or more?
| Flat type | Jan to Sep 2026 | Share | Full year 2025 | Share of that flat type's resales at S$1M+ (Jan to Sep 2026) |
|---|---|---|---|---|
| 4-room | 643 | 43.0% | 663 | 7.4% |
| 5-room | 527 | 35.2% | 557 | 11.4% |
| Executive | 317 | 21.2% | 368 | 24.9% |
| Multi-generation | 6 | 0.4% | 3 | |
| 3-room | 4 | 0.3% | 2 |
Source: our count from HDB's data.gov.sg dataset, retrieved 2 October 2026.
Four-room flats are the largest group by number, because there are many more of them: 8,649 four-room resales in January to September 2026, against 1,272 executive flats. But an executive flat was far more likely to cross S$1 million: about one in four did.
Other patterns in the 2026 data (our calculations):
- Newer leases: 56% of the 1,497 million-dollar flats had leases that started in 2010 or later.
- Size: the median floor area was 110 sq m.
- Price: the median price of a million-dollar flat was S$1.11 million, and 57 sold for S$1.5 million or more (39 did in all of 2025).
What is the highest price paid for an HDB flat?
| Price | Flat | Month registered |
|---|---|---|
| S$1,728,000 | 5-room, Block 96A Henderson Road (City Vue @ Henderson), Bukit Merah, 46th to 48th storey, 113 sq m, lease from 2019 | April 2026 |
| S$1,720,000 | 5-room, Block 1C Cantonment Road, Central Area, 19th to 21st storey, 107 sq m, lease from 2011 | September 2026 |
| S$1,701,000 | 5-room, Block 1B Cantonment Road, Central Area, 28th to 30th storey, 107 sq m, lease from 2011 | September 2026 |
| S$1,700,000 | 5-room, Block 92 Dawson Road, Queenstown, 19th to 21st storey, 122 sq m, lease from 2016 | February 2026 |
Source: HDB's data.gov.sg dataset, retrieved 2 October 2026.
The Henderson Road sale is the highest HDB resale price on record. It works out to about S$1,421 psf and beat the previous record of S$1.7 million at Block 92 Dawson Road, set in February 2026, according to EdgeProp (1 May 2026). Before 2026, the highest price in the dataset was S$1,658,888, also at Block 92 Dawson Road, in June 2025.
Why are million-dollar HDB sales rising while prices dip?
HDB's resale price index fell for three quarters in a row in 2026, by 0.1% in Q3 on HDB's final figures (23 October 2026), yet million-dollar sales kept rising. Analysts give these explanations, with dates:
- Private home downgraders. Huttons' Lee Sze Teck said about 353 five-room and larger flats sold for at least S$1 million in Q3 2026, up from 277 in Q2, and linked the rise to private property owners buying larger flats (The Straits Times via Yahoo, 1 October 2026). Since 28 July 2026, private property owners no longer wait 15 months before buying a non-subsidised resale flat without an HDB loan; see our guide to the wait-out removal.
- A narrow segment, not the whole market. SRI's Mohan Sandrasegeran said the surge "should not be interpreted as evidence of broad based price growth" and reflects demand for a relatively small segment (Stacked Homes, 24 July 2026).
- Location and newer, larger flats. The 2026 data shows the same concentration: mature central towns, newer leases and large flat types. These are descriptions of where the sales happen, not forecasts.
For the overall index, volumes and the MOP supply wave, see HDB resale price trend 2026. For when newer flats can be sold, see our HDB MOP guide.
FAQ
How many million-dollar HDB flats were sold in 2025? 1,593 on our count of HDB's data.gov.sg dataset (PropNex counted 1,594). That was 6.4% of all resales and a record for a calendar year.
How many million-dollar HDB flats have been sold in 2026? 1,497 from January to September 2026, on our count from the dataset as at 2 October 2026. The Straits Times reported 1,499 for the same period.
Which town has the most million-dollar HDB flats? Toa Payoh, with 231 from January to September 2026 and 302 in 2025. Queenstown (206) and Bukit Merah (176) follow in 2026.
What is the most expensive HDB flat ever sold? A 5-room flat at Block 96A Henderson Road sold for S$1,728,000 in April 2026, per HDB's data and EdgeProp.
Are most million-dollar HDB flats 5-room or executive flats? Together they are the majority (56% in 2026 so far), but 4-room flats are the largest single type, at 43%.
Correction
An earlier version of this page said 2024 had 1,147 million-dollar resales (HDB's data shows 1,035), that January 2026 and December 2025 had 107 and 98 (they had 145 and 144), and that February 2026's 122 was a monthly record (January 2026 was higher, and several 2025 months exceeded it). It said a 5-room flat at SkyTerrace @ Dawson sold for S$1.29 million in January 2026, which we could not find; a 5-room flat at Block 92 Dawson Road sold for S$1.7 million in February 2026. It ranked Bishan and Clementi in the top five towns (in 2026 the top five are Toa Payoh, Queenstown, Bukit Merah, Kallang/Whampoa and Ang Mo Kio) and called Bishan Park Singapore's largest park, which is not correct. Unsourced price ranges, loan estimates and investment conclusions have been removed.
Sources
- HDB, Resale flat prices based on registration date from Jan-2017 onwards, data.gov.sg, retrieved 2 October 2026
- EdgeProp, HDB resale price growth slows, but million-dollar flats' prices gain 2.3% in 4Q2025, 23 January 2026
- Stacked Homes, HDB resale prices fall for a second straight quarter, but million-dollar flat sales just hit a record high, 24 July 2026
- Stacked Homes, A record 201 million-dollar HDB flats sold in August, 3 September 2026
- The Straits Times via Yahoo News, HDB resale prices dip for third quarter, 1 October 2026
- EdgeProp, Five-room flat at Henderson Road sold for $1.728 mil, setting new HDB resale record, 1 May 2026
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