Insights

Million-dollar HDB sales in late 2025: how to read the tail

A dated transaction snapshot with a reproducible HDB price-distribution method.

Published 11 December 2025

Updated September 2026. This preserves an October to December 2025 transaction observation as a dated HDB market snapshot.

The count describes a narrow slice

Million-dollar transactions can cluster in larger, newer, centrally located or unusually positioned flats. The reported count does not describe the typical resale flat or establish a national valuation benchmark.

Reproduce the analysis from official records

Use HDB registered resale transactions for the same three-month window. Group results by town, flat type, storey, remaining lease and price band, and state how duplicates or unusual unit types are treated.

Read the broader market alongside the tail

  • Total registered applications
  • Town and flat-type medians
  • Share of transactions by price band
  • Valuation and cash-over-valuation risk
  • Affordability at prevailing financing terms

A high-price tail can indicate scarcity in selected attributes, but it does not prove that all HDB values are moving in the same way.