Executive maisonette at Pasir Ris Drive 1 sold for $1.26 million, setting new town record for HDB prices
Ask Buddy
An executive maisonette at Block 531 Pasir Ris Drive 1 has been sold for $1.26 million ($786 psf), setting a new record price for all HDBs in Pasir Ris.
Based on HDB resale data, the unit has a floor area of 1,603 sq ft and is located on the 7th to 9th storey. The latest transaction edges past the previous record of about $1.25 million achieved in late 2025 for an executive flat in Pasir Ris at 603 Elias Road (see table 1).
Table 1: 3 highest-priced HDBs in Pasir Ris
Rare flat type with finite supply
Executive maisonettes are duplex-style HDB flats, with living and bedroom areas typically split across two levels. Their larger floor plates, often exceeding 1,500 sq ft, continue to appeal to buyers seeking more space.
HDB stopped building executive flats, including maisonettes, in August 1995, making their supply finite. This limited stock has supported prices in recent years, particularly for well-maintained units in established towns.
Block 531 Pasir Ris Drive 1
Well-connected to amenities and lifestyle offerings
Block 531 Pasir Ris Drive 1 is located within walking distance of key amenities, including Pasir Ris Mall and White Sands, which provide a range of retail and dining options.
The development is also situated near Pasir Ris Park, offering residents access to waterfront recreational spaces, a draw for families and outdoor enthusiasts.
Prices inching up in Pasir Ris
The latest transaction reflects a steady rise in prices for larger HDB flat types in Pasir Ris. Executive flats in the town have crossed the $1 million mark in recent years, with several transactions approaching or exceeding $1.2 million.
Based on transacted resale HDBs, the average PSF prices for all HDB types in Pasir Ris have increased about 64% compared to a national average of 54% (see chart 1).
Chart 1: HDB Prices in Pasir Ris vs. National Average (EdgeProp Market Trends)
Check out the latest listings for Pasir Ris properties
Ask Buddy
Follow Us
Property updates, 24/7.
Subscribe to Newsletter
Market insights, delivered weekly.
Top Articles
Search