A record 201 HDB resale flats changed hands for at least S$1 million in August 2026, according to the SRX flash report compiled with 99.co. PropNex Research, drawing on data.gov.sg registrations, put the same headline total at 201 units, above June’s previous high of 188 and July’s 187.
Volume eases while the million-dollar share rises
SRX counted 2,524 resale flats in August, down 5.1 per cent from 2,660 in July. PropNex’s registration-based tally was 2,521, down 4.9 per cent from 2,651. Million-dollar deals made up about 8 per cent of the month’s volume.
SRX said overall prices were little changed month on month, with mature estates firmer and year-on-year volume still higher. PropNex put the average resale price at about S$667,000, up 1.0 per cent from July.
Where the seven-figure deals clustered
By flat type, PropNex counted 82 four-room, 65 five-room, 53 executive and one three-room terrace in Queenstown among the August million-dollar sales. Toa Payoh led mature towns with 32 such deals, followed by Queenstown with 26 and Bukit Merah with 21.
Non-mature towns set a second straight monthly record with 24 million-dollar resales, led by Hougang with 14 and Woodlands with five. The priciest deal was a five-room flat at Boon Tiong Road in Bukit Merah for S$1,688,888, a 112 sq m unit on storeys 28 to 30 with a 2016 lease start.
Context around the August tally
Year to date, PropNex counted 1,290 million-dollar resales through August. Analysts have linked part of the premium demand to the removal of the 15-month wait-out for private owners buying non-subsidised resale flats without an HDB loan, effective from 27 July 2026, though that remains market commentary rather than an HDB causation claim.
