The complete list of million-dollar HDBs and where to find them

By Ida West / EdgeProp Singapore | May 4, 2021 5:33 PM SGT
SINGAPORE (EDGEPROP) - Since 2020, there have been 136 million-dollar HDBs being transacted (up till Mar’21). Although this is still a relatively small portion (0.4%) of the entire market, the numbers have been increasing. In Q1’2021 alone, there were 53 million-dollar HDBs being transacted, compared to only 14 in Q1’2020 and 17 in Q1’2019.
Download our latest Q1’2021 HDB Report for a full assessment of the HDB resale market.
HDBs - EDGEPROP SINGAPORE
The majority of these are located in the central districts, with Pinnacle @ Duxton in Tanjong Pagar contributing 36 units, to the million-dollar list in Q1’2021. The rest are transacted in 10 other towns, namely Queenstown (23), Bishan (21), Bukit Merah (16), Toa Payoh (15), Kallang/Whampoa (8), Clementi (7), Bukit Timah (6), Ang Mo Kio (2), followed by Serangoon and Geyland with one each.
Beyond the convenience of being centrally located, size is the other major contributing factor to the rise in these million-dollar HDBs. As the work-from-home phenomena is likely to continue for the foreseeable future, the demand for space to serve the hybrid function of working and living will skyrocket. HDBs are probably the least expensive asset class to serve this purpose. For example, a 5-room HDB in Tanjong Pagar costs $850 psf on average. A similar size condo at nearby Icon, a leasehold condo completed in 2002, will cost you an average of $1,650 psf, almost twice the price. The same scenario can be seen in other towns.
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The delays in the completion of projects, public or private, due to the shortage of workers in the construction space, will also nudge property seekers to venture into the secondary markets and hunt for completed HDBs.
The combination of convenience, size, relative affordability and urgency are the key reasons behind the rise of million-dollar HDBs. And this trend will likely continue in the coming months. Besides, if you have a $1M budget today, needs at least 1,000 sqft of space to occupy soon in a somewhat central location, what other options are there?
Download our latest Q1’2021 HDB Report for a full assessment of the HDB resale market.
The Complete List of Million-dollar HDBs for Q1'2021
Address
Town
Unit
Property Type
Model
Area Sqft
Transacted Price
Unit Price PSF
Bishan
28 to 30
5-Room
Dbss
1291
$ 1,220,000
$ 945
Bishan
25 to 27
5-Room
Dbss
1291
$ 1,210,000
$ 937
Bukit Timah
13 to 15
Executive
Maisonette
1657
$ 1,210,000
$ 730
Bishan
34 to 36
5-Room
Dbss
1291
$ 1,160,000
$ 899
Queenstown
04 to 06
Executive
Maisonette
1582
$ 1,138,800
$ 720
Central Area
34 to 36
5-Room
Type S2
1162
$ 1,138,000
$ 979
Central Area
46 to 48
5-Room
Type S2
1130
$ 1,128,000
$ 998
Bukit Timah
10 to 12
Executive
Maisonette
1571
$ 1,128,000
$ 718
Kallang/Whampoa
31 to 33
5-Room
Dbss
1259
$ 1,125,000
$ 894
Toa Payoh
37 to 39
5-Room
Dbss
1259
$ 1,122,000
$ 891
Central Area
46 to 48
4-Room
Type S1
1022
$ 1,120,000
$ 1,096
Central Area
43 to 45
5-Room
Type S2
1130
$ 1,120,000
$ 991
Bukit Merah
22 to 24
5-Room
Improved
1216
$ 1,100,000
$ 905
Clementi
34 to 36
5-Room
Improved
1205
$ 1,095,000
$ 909
Toa Payoh
34 to 36
5-Room
Dbss
1227
$ 1,095,000
$ 892
Bishan
07 to 09
Executive
Maisonette
2615
$ 1,092,888
$ 418
Clementi
31 to 33
5-Room
Improved
1205
$ 1,080,000
$ 896
Kallang/Whampoa
19 to 21
5-Room
Dbss
1280
$ 1,080,000
$ 844
Central Area
37 to 39
5-Room
Type S2
1151
$ 1,068,888
$ 929
Kallang/Whampoa
16 to 18
5-Room
Premium Apartment
1248
$ 1,068,000
$ 856
Queenstown
34 to 36
5-Room
Premium Apartment
1119
$ 1,060,000
$ 947
Queenstown
04 to 06
5-Room
Premium Apartment
1313
$ 1,060,000
$ 807
Toa Payoh
34 to 36
5-Room
Dbss
1259
$ 1,055,000
$ 838
Central Area
16 to 18
5-Room
Type S2
1162
$ 1,050,000
$ 904
Queenstown
40 to 42
5-Room
Improved
1216
$ 1,050,000
$ 863
Toa Payoh
31 to 33
5-Room
Dbss
1227
$ 1,050,000
$ 856
Toa Payoh
19 to 21
5-Room
Dbss
1227
$ 1,050,000
$ 856
Queenstown
13 to 15
Executive
Maisonette
1571
$ 1,050,000
$ 668
Bukit Timah
04 to 06
Executive
Maisonette
1571
$ 1,050,000
$ 668
Toa Payoh
31 to 33
5-Room
Dbss
1227
$ 1,048,888
$ 855
Toa Payoh
31 to 33
5-Room
Dbss
1227
$ 1,045,000
$ 852
Toa Payoh
31 to 33
5-Room
Dbss
1259
$ 1,045,000
$ 830
Bishan
13 to 15
5-Room
Dbss
1291
$ 1,045,000
$ 809
Clementi
37 to 39
5-Room
Dbss
1130
$ 1,038,000
$ 919
Bukit Timah
10 to 12
Executive
Maisonette
1571
$ 1,038,000
$ 661
Central Area
19 to 21
5-Room
Type S2
1140
$ 1,033,000
$ 906
Central Area
46 to 48
4-Room
Type S1
1001
$ 1,032,000
$ 1,031
Queenstown
13 to 15
5-Room
Improved
1227
$ 1,030,000
$ 839
Bishan
10 to 12
5-Room
Dbss
1291
$ 1,030,000
$ 798
Central Area
37 to 39
4-Room
Type S1
1022
$ 1,028,000
$ 1,006
Bishan
01 to 03
Executive
Apartment
1550
$ 1,028,000
$ 663
Queenstown
19 to 21
5-Room
Improved
1259
$ 1,020,000
$ 810
Bukit Timah
07 to 09
Executive
Maisonette
1571
$ 1,020,000
$ 649
Central Area
28 to 30
4-Room
Type S1
1044
$ 1,018,000
$ 975
Central Area
16 to 18
5-Room
Type S2
1130
$ 1,015,000
$ 898
Bukit Merah
22 to 24
5-Room
Model A
1506
$ 1,010,888
$ 671
Central Area
13 to 15
5-Room
Type S2
1140
$ 1,010,000
$ 886
Kallang/Whampoa
13 to 15
5-Room
Dbss
1280
$ 1,008,000
$ 788
Central Area
31 to 33
4-Room
Type S1
1011
$ 1,000,000
$ 989
Central Area
37 to 39
4-Room
Type S1
1022
$ 1,000,000
$ 978
Bukit Merah
10 to 12
5-Room
Improved
1216
$ 1,000,000
$ 822
Serangoon
13 to 15
Executive
Apartment
1506
$ 1,000,000
$ 664
Bukit Timah
04 to 06
Executive
Maisonette
1614
$ 1,000,000
$ 620
Download our latest Q1’2021 HDB Report for a full assessment of the HDB resale market.