Property Updates: From $1.18 Million To $1.728 Million: How Record-Breaking HDB Resale Prices Have Changed In The Last Decade

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https://dollarsandsense.sg/how-hdb-resale-prices-have-changed-in-the-last-decade/

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Singapore’s HDB resale market has seen dramatic price growth over the past decade, with record-breaking transactions rising across all flat types and million-dollar deals becoming increasingly common. In April 2026, a new ეროვნული high of $1.728 million was set for a 5-room flat at City Vue @ Henderson, highlighting how far prices have climbed since 2017.

Executive flats—such as maisonettes and jumbo units—remain among the largest HDB homes, though no new ones have been built since the early 2000s. Their record prices rose about 38%, from $1.16 million in 2017 to a peak of $1.6 million in 2025, with recent top sales concentrated in Bishan and Bukit Timah.

5-room flats recorded even stronger growth, with prices jumping over 46% from $1.18 million in 2017 to $1.728 million in 2026. High-floor units in central or mature estates, including DBSS developments and SERS replacement flats, dominate these records due to location, views, and modern design.

For 4-room flats, every record transaction from 2017 to 2026 occurred at Pinnacle@Duxton. Prices surged more than 52%, from just under $1 million in 2017 to over $1.5 million in recent years. Despite smaller sizes, their prime location and panoramic views continue to command premium prices.

Meanwhile, 3-room flats saw a 35% increase, from $688,000 in 2017 to $930,000 in 2025. Newer flats in estates like Bidadari are now overtaking older units in places like Tiong Bahru, reflecting buyer preference for newer leases.

Overall, the data shows a clear trend: newer flats, central locations, and high-floor units are driving record prices, with further increases likely.