August 2021

There were 1,700 cancellations in 2020 as compared to the 1,450 appeals between 2018 and 2019.

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Recently, a DBSS flat in Bishan made headlines for being the most expensive HDB flat in Singapore; the 5-room flat was sold for a mouth-watering S$1.296 million. In June, barely a month earlier, a 49-year-old HDB terrace flat in Jalan Bahagia changed hands for $1.258 million. 

In fact, we’ve already seen a record-breaking 124 million-dollar HDB flats transacted so far in 2021, which has already surpassed last year’s 82 record. Moreover, resale prices in the public housing market have been on the rise for the fifth consecutive quarter since the end of the Circuit Breaker, and are currently just about 2% below the peak recorded in 2013. Experts say that prices are likely to reach a new record in the second half of 2021. 

So since we’re on the topic of million-dollar HDB flats, let’s take a trip down memory lane and look at the top five most expensive resale flats in every decade since the 1990s.

 

Top 5 Most Expensive Flats in the 1990s

Date of transaction	Town	Block	Street	Flat type	Flat model	Lease commence date	Price
November 1996	Bishan	102	Bishan Street 12	Executive	Maisonette	1987	S$900,000
June 1996	Yishun	652	Yishun Ave 4	Executive	Maisonette	1992	S$883,000
August 1996	Bishan	117	Bishan Street 12	Executive	Maisonette	1987	S$870,000
October 1996	Bishan	285	Bishan Street 22	Executive	Maisonette	1992	S$868,000
January 1997	Bishan	173	Bishan Street 13	Executive	Maisonette	1987	S$840,000

While there were no million-dollar flats in the 90s, there were surprisingly a good number of flats transacting for six-figures (remember this was a time when a 1-room and 2-room resale flat cost as low as S$5,000 and S$12,000 respectively). In fact, the most expensive flat recorded in that era was a S$900,000 executive maisonette in November 1996. 

The five most expensive flats in the 1990s were executive maisonettes and all but one were in Yishun.  

Find available executive maisonettes for sale in Yishun and Bishan on PropertyGuru. 

 

Top 5 Most Expensive HDB Flats in the 2000s

Date of transaction	Town	Block	Street	Flat type	Flat model	Lease commence date	Flat price
March 2008	Queenstown	150	Mei Ling Street	Executive	Apartment	1995	S$890,000
May 2008	Queenstown	148	Mei Ling Street	Executive	Apartment	1995	S$832,000
June 2008	Queenstown	150	Mei Ling Street	Executive	Maisonette	1995	S$830,000
July 2008	Queenstown	150	Mei Ling Street	Executive	Apartment	1995	S$820,000
April 2008	Queenstown	149	Mei Ling Street	Executive	Maisonette	1995	S$818,000

Although properties and homes became more expensive in the new millennium, the top five most expensive HDB flats remained pretty much still the same as the decade before. Interestingly, the five most expensive HDB flats were all recorded in Mei Ling Street in Queenstown, perhaps a sign of where the first million-dollar public housing would be. 

Find executive apartments and HDB flats for sale in Queenstown on PropertyGuru. 

 

Top 5 Most Expensive Resale Flats in the 2010s

Date of transaction	Town	Block	Street	Flat type	Flat model	Lease commencement date	Flat price
July 2019	Kallang/Whampoa	8	Boon Keng Road	5 room	DBSS	2011	S$1,208,000
April 2019	Bukit Merah	9A	Boon Tiong Road	5 room	Improved	2016	S$1,200,000
August 2019	Central Area	1C	Cantonment Road	5 room	Type S2	2011	S$1,200,000
June 2019	Central Area	1C	Cantonment Road	5 room	Type S2	2011	S$1,188,000
September 2018	Kallang/Whampoa	41	Jalan Bahagia	3 room	Terrace	1972	S$1,185,000

The first million-dollar public housing was an executive apartment unit at Mei Ling Street in Queenstown, which was sold for S$1M in July 2012. Later in October that year, an executive maisonette in Bishan became the most expensive public flat, after the buyers agreed to pay a then-record of S$1,010,000 for the unit. 

There would be several million-dollar HDB flats after that, and by the end of the decade, a DBSS unit at Boon Keng Road had become the most expensive HDB unit at S$1,208,000. The 2010s also saw the rise of Central Area units, as they became hotspots for million-dollar HDB flats. 

Find HDB flats for sale in Queenstown on PropertyGuru.   

 

Top 5 Most Expensive HDB Flats from 2020-2021

Date of transaction	Town	Block	Street	Flat type	Flat model	Lease commencement date	Price
July 2021	Bishan	273A	Bishan Street 24	5 room	DBSS	2011	S$1,295,000
June 2021	Kallang/Whampoa	39	Jalan Bahagia	3 room	Terrace	1972	S$1,268,000
September 2020	Central Area	1B	Cantonment Road	5 room	Type S2	2011	S$1,258,000
April 2021	Bishan	273B	Bishan Street 24	5 room	DBSS	2011	S$1,250,000
November 2020	Central Area	1A	Cantonment Road	5 room	Type S2	2011	S$1,250,000

As mentioned above, since the first million-dollar HDB flat in 2012, 426 million-dollar flats have been sold for at least S$1M. 124 of those were in 2021 alone!

In the last two years, we’ve seen several high-profile HDB transactions, including the S$1.296 million DBSS flat in Bishan, a S$1.258 million HDB terrace flat in Jalan Bahagia in June, and a 5-room flat at Pinnacle@Duxton that was sold for S$1.26 million in September 2020. 

With rising resale flat prices in non-mature estates, experts believe that we may soon see million-dollar flats in a non-mature estate soon.

Discover DBSS flats for sale on PropertyGuru.  

 

Other FAQs on Most Expensive HDB Flat

What is the Most Expensive HDB Flat?

The most expensive HDB flat is a DBSS flat in Bishan, which was sold for S$1.296 million in July 2021.

Why are DBSS Flats So Expensive?

DBSS flats are mostly located in central locations that are convenient to amenities. Furthermore, DBSS flats also feature attributes that ‘regular’ HDB flats do not, such as four bedrooms and balcony space. 

What is the Biggest HDB flat?

HDB maisonette penthouses and jumbo flats are among the biggest HDB flats; the former are as large as 215 sq m, while the latter can go up to 192 sq m. 

 

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This article was written by Victor Kang, Digital Content Specialist at PropertyGuru. When he's not busy churning out engaging property content* or newsletter copies, he's busy being a lover of all geeky things. Say hi at: victorkang@propertyguru.com.sg

*I mean, I'll try