Your search results

$1.5 Million HDB Flats: Their Locations and Reasons Behind Being Singapore’s Priciest Public Housing

Posted by Jayson Ang on December 2, 2025

| All, Buying Tips, Opinion, Selling Tips

| 0

TLDR

Singapore’s HDB resale market has entered a new phase, with at least 13 flats sold for $1.5 million or more—most transacted between May and July 2024. These record-breaking flats are usually large (jumbo, maisonette, or 5-room DBSS), in central locations like Tiong Bahru, Bishan, Toa Payoh, and Pinnacle@Duxton, and often situated on upper floors of mega developments. Demand is driven by scarcity, size, location, and unique features. If you’re considering buying or selling, timing and personal circumstances matter; prices have surged recently but future trends will depend on market sentiment and policy changes. For strategic advice, an objective, data-driven approach is essential to navigate Singapore’s dynamic property market.

We are now in the age of $1.5 million HDB flats.

Singaporeans no longer react to HDB flats priced over $1 million; now, only those above $1.5 million catch our eye.

The first $1.5 million HDB flat was sold in Tiong Bahru in May 2023 – a 4-room jumbo flat at 50 Moh Guan Terrace in Bukit Merah. Since then, many HDB flats have sold for $1.5 million or more.

Currently, the most expensive HDB flats in Singapore are two 5-room units in Tiong Bahru, each selling for $1.588 million in the resale market.

We Are Now In The Era Of $1.5 Million HDB Flats

We are closely monitoring HDB flats that sell for $1.5 million and above. Currently, we have identified around 13 HDB resale flats that have sold for this price.

We will examine each of these flats to understand why they are considered the “most expensive public housing flats” in Singapore.

#1 Tiong Bahru: 4-Room Jumbo Flat For $1.5 Million

The first HDB flat to reach $1.5 million was a 4-room Jumbo flat in Bukit Merah sold in 2013. This resale flat is still the only Jumbo flat, and also the largest and oldest (completed in 1973) HDB flat to sell for $1.5 million or more. The 4-storey block is within walking distance of Tiong Bahru MRT station, schools, and supermarkets.

Project Details:

– Date: June 2023
– Sale Price: $1.5 million
– Flat Type: 4-Room (Jumbo Flat)
– Area: 176 sqm
– Remaining Lease: 49 years (Lease commenced in 1973)

#2 The Peak @ Toa Payoh: 5-Room DBSS Flat For $1.569 Million

Built in 2012, The Peak @ Toa Payoh is a DBSS that became the first HDB flat to sell for over $1.5 million in 2024, following a six-month period without any such sales.

Out of the 13 HDB flats sold for more than $1.5 million, four are units at The Peak @ Toa Payoh.

The 40-42 storey development is within walking distance of three MRT stations: Braddell MRT, Toa Payoh MRT, and Caldecott MRT.

Project Details:

– Date: January 2024
– Sale Price: $1.569 million
– Flat Type: 5-Room (DBSS)
– Area: 117 sqm
– Remaining Lease: 87 years (Lease commenced in 2012)

#3 The Peak @ Toa Payoh: 5-Room DBSS Flat For $1.54 Million

In January 2024, the second of four units at The Peak @ Toa Payoh sold for over $1.5 million. This unit was slightly cheaper than the first one and was on a lower floor, which aligns with the usual belief that higher-level units tend to be more expensive.

Project Details:

– Date: January 2024
– Sale Price: $1.54 million
– Flat Type: 5-Room (DBSS)
– Area: 117
– Remaining Lease: 87 years (Lease commenced in 2012)

#4 Pinnacle@Duxton: 5-Room Flat For $1.515 Million

One of the most famous HDB developments is on the list of the priciest public housing flats in Singapore.

Situated in the CBD at Tanjong Pagar, Pinnacle@Duxton features 7 blocks, each 50 storeys tall. Notably, the blocks are linked by skybridges on the 26th and 50th storeys.

Project Details:

– Date: May 2024
– Sale Price: $1.515 million
– Flat Type: 5-Room
– Area: 106 sqm
– Remaining Lease: 86 years (Lease commenced in 2011)

#5 Natura Loft (Bishan): 5-Room DBSS Flat For $1.5 Million

Completed in 2011, Natura Loft is a DBSS project with three units among the 13 HDB flats in Singapore that have sold for over $1.5 million.

It’s not surprising that an HDB flat in Bishan sold for more than $1.5 million in May 2024, as Bishan has many desirable condominium projects and an area of landed properties.

Natura Loft is centrally located in Bishan, within walking distance of Bishan MRT and 1km from the popular Catholic High School.

Project Details:

– Date: May 2024
– Sale Price: $1.5 million
– Flat Type: 5-Room
– Area: 120 sqm
– Remaining Lease: 86 years (Lease commenced in 2011)

#6 Bishan: Executive Maisonette For $1.5 Million

This Executive Maisonette in Bishan, leased since 1992, is the second oldest HDB flat sold for over $1.5 million.

A unique feature of this unit is that it is the only Maisonette on the list and slightly smaller than the Jumbo flat mentioned earlier. It is located directly across from the Natura Loft DBSS project, which has four units on this list.

As a result, four out of the 13 units sold for over $1.5 million are in Bishan.

Project Details:

– Date: May 2024
– Sale Price: $1.5 million
– Flat Type: Executive Maisonette
– Area: 172 sqm
– Remaining Lease: 67 years (Lease commenced in 1992)

#7 Tiong Bahru: 5-Room Flat For $1.588 Million

The most expensive HDB flat sold in Singapore so far is a 5-Room flat in Tiong Bahru, which sold for $1.588 million in June 2024.

This flat is part of a 48-floor building and offers many amenities, including easy access to Redhill and Tiong Bahru MRT stations, nearby schools, and trendy cafes and restaurants.

Project Details:

– Date: June 2024
– Sale Price: $1.588 million
– Flat Type: 5-Room
– Area: 113
– Remaining Lease: 94 years (Lease commenced in 2019)

#8 Tiong Bahru: 5-Room Flat For $1.588 Million

Another 5-Room unit in Tiong Bahru, sold for $1.588 million in June 2024, shares the title of the most expensive. Located nearby, this development has many appealing features that justify the high price.

Project Details:

– Date: June 2024
– Sale Price: $1.588 million
– Flat Type: 5-Room
– Area: 112
– Remaining Lease: 91 years (Lease commenced in 2012)

#9 The Peak @ Toa Payoh: 5-Room DBSS Flat For $1.54 Million

The third unit at The Peak @ Toa Payoh sold for over $1.5 million in June 2024. Although it was sold almost six months after the previous unit in the same DBSS development, it fetched the same price. This is notable since both units were the same size and on the same floors.

Project Details:

– Date: June 2024
– Sale Price: $1.54 million
– Flat Type: 5-Room (DBSS)
– Area: 117
– Remaining Lease: 87 years (Lease commenced in 2012)

#10 Natura Loft (Bishan): 5-Room DBSS Flat For $1.538 Million

Natura Loft is a new development for HDB units priced at $1.5 million or more, and it’s the second of three units. Bishan is known for its expensive HDB flats, including another Maisonette across the street from Natura Loft, also selling for $1.5 million or more.

Project Details:

– Date: June 2024
– Sale Price: $1.538 million
– Flat Type: 5-Room
– Area: 120 sqm
– Remaining Lease: 86 years (Lease commenced in 2011)

#11 Tiong Bahru: 5-Room Flat For $1.5 Million

The oldest and youngest HDB flats sold for $1.5 million or more are both in Tiong Bahru. This 5-Room unit is the same size and from the same development as the one mentioned in #7.

Project Details:

– Date: June 2024
– Sale Price: $1.5 million
– Flat Type: 5-Room
– Area: 113
– Remaining Lease: 94 years (Lease commenced in 2019)

#12 The Peak @ Toa Payoh: 5-Room DBSS Flat For $1.504 Million

In June 2024, the third and fourth units at The Peak @ Toa Payoh sold for over $1.5 million, but this unit was a bit cheaper.

Looking at the details, this 5-Room unit was slightly smaller than the earlier three sold in the development. It was just 3 sqm smaller and on a similar floor to the third unit (#9), yet it was nearly $35,000 cheaper. This shows the extra value placed on an ideal HDB flat, which is why they fetch the highest prices.

Project Details:

– Date: June 2024
– Sale Price: $1.504 million
– Flat Type: 5-Room
– Area: 114
– Remaining Lease: 87 years (Lease commenced in 2012)

#13 Natura Loft (Bishan): 5-Room DBSS Flat For $1.568 Million

The latest unit sold for over $1.5 million was from Natura Loft in July 2024. This indicates two things: 1) more HDB units from Natura Loft and other developments may continue to sell at high prices in Singapore; and 2) we can expect more HDB flats to sell for over $1.5 million, as 10 of the 13 units that have reached this price were sold between May and July 2024.

Project Details:

– Date: July 2024
– Sale Price: $1.568 million
– Flat Type: 5-Room
– Area: 120 sqm
– Remaining Lease: 86 years (Lease commenced in 2011)

$1.5 Million HDB Flats Are Usually In Mega Developments, Centrally-Located And Larger-Than-Most

Many HDB flats sold for $1.5 million or more are part of large developments, often tall buildings with the priciest units on the upper floors offering great views.

These flats are usually centrally located, with several in The Peak @ Toa Payoh, Tiong Bahru, Natura Loft in Bishan, and Pinnacle@Duxton in Tanjong Pagar.

Additionally, these flats are typically larger and rare. Apart from the Jumbo flat in Tiong Bahru and the maisonette in Bishan, seven others are DBSS units, and the Pinnacle@Duxton is a special development.

Notably, 10 of the 13 $1.5 million HDB flats were sold in just three months, from May to June 2024, indicating a rise in HDB prices, particularly in certain developments.

Should You Buy, Sell or Wait?

If you’re reading this, you must be trying to figure out the best course of action right now: is it the right time to buy or sell?

It’s difficult to give an exact answer since everyone’s situation is unique and what works for one person may not necessarily work for you.

I can bring you a wealth of on-the-ground experience and a data-driven approach to provide clarity and direction. From beginners to experienced investors, our top-down, objective approach will help you on your real estate journey.

I can help you by:

Offering Strategic Real Estate Advice – I can help create a comprehensive plan to guide you through your property journey.
Connecting Your Home with the Perfect Buyers – Through stunning visuals, an effective communication strategy, and an in-depth knowledge of the market, we’ll ensure your home is presented in the best possible way to fulfill your goals.

You May Also Like …

All Blog Posts Buying Tips

What to Do Before Exercising Option to Purchase?

Jayson Ang – July 19, 2023 –

TLDR Home buyers are advised to thoroughly research property values using online tools, secure an ideal home loan package early...

Mandarin Top 5

5 Pros Of Buying A Resale Property

Jayson Ang – March 6, 2024 –

Luxury properties in Districts 9 and 10 of Singapore are highly coveted, and for good reason. From stunning views and...

All Buying Tips Opinion Selling Tips

The COV Conundrum: Navigating Singapore’s Property Premium

Jayson Ang – October 24, 2025 –

TLDR Cash Over Valuation (COV) is the difference between a property's official valuation and the price a buyer is willing...

Mandarin Top 5

Top 5 Factors: Singapore Property Market: Attractive Investment Opportunity Despite Cooling Measures

Jayson Ang – March 29, 2025 –

The Singapore property market has always been a popular investment choice for both local and foreign investors, thanks to its...

Mandarin Top 5

Top 5 Rules for Investing in Singapore’s Property Market – Expert Insights!

Jayson Ang – October 15, 2024 –

Investing in Singapore's property market has long been considered a lucrative and stable investment option. With its robust economy, strong...

Mandarin Top 5

Singapore’s Best Kept Real Estate Secrets: 5 Insider Tips for Savvy Investors

Jayson Ang – May 29, 2023 –

Singapore's Best Kept Real Estate Secrets: 5 Insider Tips for Savvy Investors Here are 5 insider tips for those looking...

Mandarin Top 5

Top 5 Surprising Benefits of Investing in Singapore Real Estate for Foreigners

Jayson Ang – October 27, 2024 –

Singapore, a thriving city-state in Southeast Asia, has become an attractive destination for foreign investors looking to diversify their investment...

All Buying Tips Opinion

Challenging the Myth of Lease Decay: Older Leasehold Condos Outperforming Newer Ones

Jayson Ang – February 10, 2026 –

TLDR Older leasehold condos in Singapore, particularly those built in the 1980s and 1990s, have shown annualised price growth exceeding...

All Buying Tips Opinion

Is It Better To Purchase A Larger HDB Or A Smaller Condo For $1 Million In 2025?

Jayson Ang – August 14, 2025 –

TLDR When comparing a large, centrally located resale flat (e.g., 5-room HDB) with a small condo around the $1 million...

Mandarin Top 5

The Secret Strategies of Singapore’s Property Tycoons: Lessons You Can Learn

Jayson Ang – April 26, 2024 –

The Singapore property market has always been a hot topic for both locals and foreign investors. With its stable economy,...

All Opinion

Singapore’s Property Market: Will the Newly Proposed 2023 Cooling Measures, Including a 60% Foreigner ABSD, Make Waves or Mere Ripples?

Jayson Ang – April 27, 2023 –

TLDR The recent surge in Additional Buyer's Stamp Duty (ABSD) rates in Singapore targets mainly foreigners and entities, with rates...

Mandarin Top 5

Top 5 Factors : What Is Considered “Luxury” In The Singapore Property Market?

Jayson Ang – December 3, 2024 –

The Singapore property market is known for its high-quality residential properties, attracting both local and international buyers. Luxury real estate...

All Buying Tips Opinion Selling Tips

The Hidden Hurdles of Purchasing a BTO Flat in Singapore: Unveiling 4 Lesser-Known Challenges During the 5-Year MOP

Jayson Ang – September 26, 2024 –

TLDR When contemplating the purchase or sale of a property under the Minimum Occupancy Period (MOP), it's crucial to consider...

Mandarin Top 5

Top 5 Vegetarian Restaurants in Singapore

Jayson Ang – March 14, 2024 –

Singapore, a melting pot of cultures and cuisines, offers a diverse range of dining options for food enthusiasts. For vegetarians,...

Mandarin Top 5

5 Things to Know About the Singapore Property Tax System

Jayson Ang – June 18, 2023 –

5 Things to Know About the Singapore Property Tax System Here are 5 things you need to know about the...

Buying Tips Mandarin Top 5

5 Qualities to Look for in an Agent to Ensure a Smooth Transaction

Jayson Ang – June 23, 2023 –

5 Qualities to Look for in an Agent to Ensure a Smooth Transaction Here are 5 qualities to look for...

Buying Tips Mandarin Top 5

5 Reasons Why You Should Consider Investing In Singapore Real Estate

Jayson Ang – August 1, 2023 –

TLDR Investing in Singapore real estate offers attractive tax incentives, low cost of living, high rental yields, market reliability, diversification...