We’re only into the second month of 2026, but the property market continues to be red hot with record-breaking sales. Apart from the recent February 2026 BTO sales exercise, which saw the usual large swathes of homebuyers putting in an application for a brand new BTO flat, we’ve also just seen the resale market continue to heat up, with new highs across multiple estates, and redefining what we thought was the “most expensive HDB flat in Singapore”.
Queenstown
$1.7m 5-room flat at SkyTerrace @ Dawson
First things first, we now have a new record holder for the most expensive HDB flat in Singapore. This honour previously belonged to a five-room flat at SkyTerrace @ Dawson, which fetched $1.659 million ($1,263psf) in June 2025.
It’s no surprise, then, that the record has been broken by another unit in the same development, ringing in the till at $1.7m, or roughly $40,000 more than last year’s champ. Not only is this the single highest price ever paid for an HDB flat in Queenstown, but also a record high for HDB flats in Singapore.
Image credit: HDB
Here’s what we know about the unit. It is a 122sqm (1,313sqft) 5-room Premium Apartment Loft unit, located between the 19th and 21st floors of the block. Given that the building is 43 storeys tall, this puts the recent transaction at just the mid levels of the block. It has a remaining lease of just over 89 years, so lease decay is not something to be concerned about either.
As seen in SkyTerrace and all the other Sky projects at Dawson Road like SkyOasis, SkyVille and SkyParc, its central location allows it to command a premium in the resale market, and homebuyers are more than willing to fork out good money to secure a home here.
Image credit: Google Maps
Set in District 3, which is part of the Rest of Central Region (RCR), the area is home to many upscale neighbourhoods like Alexandra, Tiong Bahru and Queenstown, which are chock-a-block full of private residential properties. As such, HDB developments here are considered more upscale and premium, matching the status of other residential properties in the area. In fact, these developments tower over a landed property enclave that houses many Good Class Bungalows.
Being in the RCR is also highly favourable because you get to enjoy the benefits of being close to the city and central region. For instance, here’s how long it’ll take you to drive to the following locations:
- Orchard Road: 3.4km (~6-minute drive)
- Central Business District (CBD): 6km (~10-minute drive)
- Changi Airport: 24.2km, (~22-minute drive)
Schools within a 1km radius of Dawson include Queenstown Primary School, Crescent Girls’ School and Queenstown Secondary School.
Perhaps one trade-off is its proximity to an MRT station. Unlike SkyOasis or SkyVille, SkyTerrace @ Dawson is a little further away from Queenstown or Redhill MRT Stations.
Image credit: Wei Tan
So it’s probably no surprise that the record holders for the most expensive HDB flat in Singapore have all come from the various Dawson Road projects. In the second half of 2025, there have been a number of 5-room flat transactions here fetching between $1.3m-$1.5m, which tells you just how popular these flats are in this highly coveted estate.
Punggol
$1.47m 5-room flat at Treelodge @ Punggol
Over in Punggol, the most expensive HDB flat in the ‘hood has just transacted for $1.47m for a 5-room unit.
Image credit: HDB
Here’s what we know: the unit is located at Block 306D Punggol Drive, which is part of the BTO development known as Treelodge @ Punggol. At $1.47m for a 147sqm (1,528sqft) flat, this translates to about $929psf. Even though it’s stated as being located between the 16th to 18th floors, Treelodge @ Punggol only has 16 floors. It’s also listed as a Premium Apartment Loft, which comes with double-volume, 5.2m-tall ceilings which are rarely found in HDB flats.
Just so you know, there are only 37 of such units in Punggol, 14 of which can be found in Treelodge @ Punggol. This $1.47m outprices the previous top sale of $1.23m, which was a 5-room flat at Punggol Sapphire that was transacted in April 2025.
Treelodge @ Punggol was also Singapore’s first experimental eco-friendly public housing project to incorporate green features such as rooftop solar panels and compost bins.
Image credit: HDB
Looking back at the preceding half year, the most recent sale before this was a $1.22m 5-room flat in the adjacent Block 306C, which was the first million-dollar transaction in that block, but which was still $250k less than this latest one.
For Block 306D, the last highest closed price was $780k for a 1,044sqft, 4-room flat in May 2024, or almost $200psf less than what this loft commanded.
Image credit: Google Maps
In terms of locational attributes, there are many things to love about Skylodge @ Punggol that probably contributed to its record-breaking price. It is relatively close to Waterway Point, which is also connected to Punggol MRT Station and bus interchange. It’s also next to One Punggol, which is a community club and hawker centre, but which will also see the opening of a new sports centre right next to it. Overall, there are plenty of amenities in and around the area, making Punggol-living very fuss-free.
As for schooling options, the good news is that there are quite a number of primary schools within the all-important 1km radius: Edgefield Primary School, Oasis Primary School, Punggol Green Primary School, Punggol View Primary School and Valour Primary School.
Bedok
$995k 4-room flat in Bedok North Woods
Lastly, in Bedok, a 4-room flat was just sold for $995k, making it the first time 4-room flats in Bedok have crossed the $990,000 threshold, and the most expensive 4-room HDB flat to have transacted in the area.
The flat is a modestly sized 94sqm (1,012sqft) unit situated between the 16th and 18th floors, and has a remaining lease of just over 94 years, AKA it has just hit its MOP. The flat is part of the Bedok North Woods project, launched in May 2016.
Image credit: HDB
As you can see, the flat just beats out the previous record holder of $980k, belonging to another, marginally larger, 4-room flat at Bedok Central. While price points have largely revolved around the $950k-$960k mark in the second half of 2025, this recent transaction signals a possible upward trend for such units, especially since the development has just MOP-ed.
Image credit: Google Maps
Of course, we also have to look at its location to see what makes this development so appealing. It is right next to Bedok Central, where you’ll find Bedok Mall, Bedok MRT Station, lots of small shops and amenities, and Bedok Sports Complex. There are also a couple of schools in the area, namely Fengshan Primary School, Yu Neng Primary School and Red Swastika School.
Singapore’s most expensive HDB flats in 2026
It’s only natural that we’ll continue to see new records being set across the various residential estates in Singapore, especially when it comes to the larger 5-room and 4-room units. You’ll want to keep an eye on central estates that are part of the Rest of Central Region (RCR), because these are the ‘hoods which typically command a considerable premium on the resale market due to their highly favourable locational attributes.
This year, there are also a number of HDB projects hitting MOP in exciting neighbourhoods like Kallang and Bedok. As can be seen with the $995k Bedok North flat, newly MOP-ed flats have the potential to shake up the market with record sales, so it’s worth watching as the units from these projects enter the resale market.
For more reads:
- Singapore’s most expensive condo unit sold for $75M
- Compassvale Drive 5-Room HDB sold for $1.062M, sets record for Sengkang’s most expensive flat
- Executive Flats In Woodlands set new record with $1.27M & $1.24M sales
Cover image adapted from: Skyscraper Center, PropertyGuru
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