26/04/2026
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The latest Q1 2026 numbers just dropped, and they’re a real wake-up call for anyone following the SG property scene.
We’ve officially hit a point where the median price for a 4-room resale flat in District 3 (Queenstown) and District 12 (Toa Payoh) is $1 million.
Think about that for a second.
For years, we treated the "million-dollar HDB" like a rare unicorn. But when $1M becomes the median, the whole psychology shifts. It’s no longer an anomaly; it’s the standard.
If you’re looking at a 4-room flat in these areas, there’s now a 50/50 chance it costs seven figures.
So, what does this actually mean for the rest of the market?
Personally, I think this puts a massive spotlight on "entry-level" condos. When HDB prices climb this high, they create a "price floor" that pushes everything else up.
• The gap is closing: If a typical HDB in a prime spot is $1.05M, jumping to a private condo at $1.5M doesn't feel like a leap of faith anymore; it feels like a manageable next step.
• Suddenly, those lower-priced condos in D14, D18, or D19 are looking like a steal. If you can get a private asset with full facilities and better en-bloc potential for just a 20% premium over a flat, the math starts to lean heavily toward private.
We’re watching the "normalization" of high-end public housing in real-time. For anyone planning their next move, the goal shouldn't just be "owning a million-dollar flat." It’s about recognizing when that flat has reached its peak and knowing when to pivot into an asset that still has room to run.
Inspired by this news: www.asiaone.com/money/hdb-resale-prices-Q1-2026
SINGAPORE - While overall Housing & Development Board (HDB) resale prices dipped for the first time in nearly seven years in the first quarter of 2026, median prices for four-room flats reached $1 million in two towns.Median resale prices for four-room flats in Queenstown stood at $1.04 million....