Record 208 Million-Dollar HDB Resales Registered in September 2026

A record month for million-dollar HDB flats

September’s 208 million-dollar registrations surpassed the previous monthly high of 201 recorded in August 2026.

The figure was also approximately 21% higher than the 172 registered in September 2025.

These transactions accounted for about 9.3% of September’s 2,245 HDB resale registrations, compared with approximately 8.0% in August, when 201 of 2,519 registrations crossed the million-dollar threshold.

The figures suggest that million-dollar transactions represented a larger share of registered resale activity in September, even as overall monthly registrations declined.

The record is based on HDB’s official resale dataset, which begins in January 2017. The figures reflect registration dates rather than the dates on which buyers and sellers agreed to their transactions.

Where the highest resale prices were recorded

Some of September’s most expensive HDB resale transactions were concentrated in established central and mature estates.

The month’s highest registered transaction was a five-room flat at Block 1C Cantonment Road, which changed hands for S$1.72 million. Another five-room flat at Block 1B Cantonment Road registered at S$1.701 million.

Other high-value transactions included flats in Bishan, Dawson Road and Clementi.

These examples illustrate how location, flat characteristics and the availability of desirable resale units contribute to the premium segment.

However, they should not be interpreted as representative prices for HDB flats generally.

Why million-dollar transactions are rising while overall prices soften

At first glance, a record number of million-dollar transactions might appear inconsistent with a declining resale price index.

The explanation lies partly in what the two measurements represent.

The 208 figure counts flats registered at or above S$1 million during a single month. It measures activity within a particular price segment.

HDB’s resale price index, by contrast, measures price movements across the broader resale market.

A higher number of premium transactions can therefore occur alongside softer overall price movements. The figures do not, by themselves, establish why either development occurred.

The third-quarter flash estimate placed the resale price index at 202.4, down 0.2% from the preceding quarter.

This was the third consecutive quarterly decline, suggesting a moderation in overall resale price growth despite continued activity among higher-priced flats.

What this means for HDB buyers and sellers

For sellers, the growing number of million-dollar transactions provides evidence of activity at the premium end of the market.

However, the record should not automatically translate into higher asking prices.

A flat’s location, floor level, remaining lease, condition and recent comparable transactions remain important considerations when establishing a realistic selling price.

For buyers, the distinction between premium-market activity and broader price movements is equally relevant.

A record number of expensive transactions does not necessarily mean that prices across the HDB market are increasing.

Buyers should assess individual flats against comparable transactions, their financing position and their longer-term housing plans rather than relying on headline records.

What to watch next

HDB’s full third-quarter 2026 resale statistics are scheduled for release on 23 October.

The figures will provide a more complete picture of resale price movements and transaction activity, including any revisions to the preliminary estimates.

For now, September’s record highlights the continued presence of high-value transactions within a market where overall resale prices have been moderating.

This article provides general educational information based on official HDB data. It does not value an individual property, predict future prices or replace legal, tax, CPF, mortgage or financial advice. Verify the latest official figures before committing.