A string of records fell in August, including a new monthly high of million-dollar resale flats sold - crossing the 200-unit mark for the first time. The number of such units sold was also at a monthly high in both mature, and non-mature estates.

In particular, non-mature HDB towns posted the second straight month of record million-dollar resale flat transactions in August. According to HDB sales data, 24 flats were sold for at least $1 million in the month, surpassing the previous monthly high of 21 units set in July. Hougang led with 14 such deals - double the seven done in the previous month - followed by Woodlands with five. The remaining five were in Bukit Batok, Bukit Panjang, Jurong East and Sengkang.

In the first eight months of 2026, 134 million-dollar flats were resold in non-mature towns. That is already close to the 139 units resold in the whole of 2025, with four months of the year still to run.

Overall, 201 resale flats were transacted for at least $1 million in August, up by 7.5% from 187 units in July. It breached the previous record of 188 units resold in June (see Chart 1). Year-to-date, 1,290 million-dollar flats have changed hands - the record 1,593 such units sold in the whole of 2025 should be comfortably exceeded this year at this rate.

Chart 1: Number of HDB flats resold for at least $1 million by month

By flat type, the million-dollar flats resold in August comprised 82 units of 4-room flats, 65 units of 5-room flats, 53 executive flats, and a 3-room terrace flat in Queenstown. Of note, executive flats featured more prominently than in July, when 35 such units were sold for at least $1 million.

There were 177 units of million-dollar resale flats sold in mature estates in August - a new monthly high. Toa Payoh led with 32 such deals, ahead of Queenstown with 26 and Bukit Merah with 21 such transactions. Toa Payoh's showing is mainly due to newer flats resold in Bidadari Park Drive and Alkaff Crescent, which accounted for 24 out of the 32 million-dollar-resale flat deals in Toa Payoh.

The priciest resale flat in August was a five-room unit in Boon Tiong Road, Bukit Merah, which fetched $1,688,888 (see Table 1). The 112-sqm flat at Tiong Bahru View sits on a high floor between the 28th and 30th levels, and has a lease balance of around 88 years.

Table 1: Top 10 HDB resale flats sold in August 2026 by Transacted Price

Source: PropNex Research, data.gov.sg (retrieved on 1 September 2026)

Two towns set new price records in August. In Bishan, an executive maisonette in Bishan Street 13 was resold for $1.65 million, above the town's previous high of $1.632 million. It is also the highest price paid for an executive flat on record. The 162-sqm unit is located between the 22nd and 24th floor, and has about 60 years of lease remaining - suggesting that spacious unit size and a location near the town centre, an MRT station, and schools can still command a strong premium in the older flat stock. Meanwhile, in Bedok, a five-room flat in Bedok South Road (Bedok South Horizon) was resold for $1.45 million, topping the town's previous high of $1.4 million, also at Bedok South Horizon.

Chart 2: HDB resale volume and average resale price

Resale volume eased from July's two-year high

Resale volume came off slightly in August, with 2,521 flats sold (see Chart 2) - down by 4.9% month-on-month (MOM) from the 2,651 units transacted in July, which was the highest monthly sales tally in two years. The towns that led resale transactions in August were Tampines, Punggol and Woodlands.

The average resale price rose by 1.0% MOM to around $667,000 in August, from about $660,700 in July, reversing the previous month's marginal dip from June. The price growth can be partly attributed to the higher number of million-dollar flats resold in the month.

Based on the sales data, the proportion of flats resold below $500,000 was 20.9% in August, down from 21.7% in July. About 42.0% of flats resold fetched between $500,000 and under $700,000, on par with 41.9% in the previous month. The share of deals done at $700,000 to just under $1 million was largely unchanged at 29.1%, from 29.3% in July. Meanwhile, the proportion of resale flats transacted for at least $1 million rose to 8.0%, from 7.1% in July (see Chart 3).

Chart 3: HDB resale flat transactions by price range

By flat type and town classification, average resale prices in mature estates rose across the board in August, while prices in non-mature towns were broadly flat (see Table 2).

Executive flats in mature estates recorded the largest increase, with the average price rising 7.5% MOM to about $1.06 million. This was partly driven by a heavier concentration of higher-priced deals within a relatively small pool of 65 executive flat transactions during the month. Three-room flats in mature estates saw the next-largest gain at 3.4% MOM to about $493,800, partly reflecting resale deals done at projects that have recently exited their 5-year minimum occupation period (MOP), such as in Clementi Avenue 1, Tampines Street 61, Margaret Drive, Alkaff Crescent and Dawson Road.

Looking ahead, the withdrawal of the 15-month wait-out period measure could likely bring more buyers to the market, as private home owners who wish to right-size to a non-subsidised HDB resale flat (without taking HDB loan or grants) can do so without any delay.

Table 2: Average HDB resale flat prices by flat type, by town classification

Source: PropNex Research, data.gov.sg (retrieved on 1 September 2026)

Contact a PropNex salesperson to find out more about resale HDB market trends.