Queenstown 5-room HDB flat with 94 years left on lease sold for record S$1.818 million

A five-room resale flat located at SkyParc @ Dawson in Queenstown has been sold for S$1.818 million in October 2026, breaking the record for the highest resale price of this flat type in Singapore. The unit, situated between the 40th and 42nd floors in Block 96 Dawson Road, boasts a remaining lease of around 94 years, spanning approximately 1,195 square feet.

This means the sale price amounted to roughly S$1,522 per square foot. The previous record for a five-room HDB flat was set in April 2026, when a flat in City Vue @ Henderson, Redhill, was sold for S$1.728 million, with 1,216 square feet of living space, or about S$1,421 per square foot. The SkyParc @ Dawson development, completed in 2020, is a part of the Selective En bloc Redevelopment Scheme (SERS) and is within walking distance of both Queenstown MRT and Redhill MRT stations.

HDB flats with extremely high resale prices account for a small percentage of all transactions, according to the Ministry of National Development (MND). In April 2026, approximately 6% of resale flats that sold for over S$1 million were recorded. In the first quarter of 2026, resale prices declined slightly by 0.1%. Among other resale flat options, four-room units with leases of 70 years or longer in Tampines and Punggol are priced around S$650,000 to S$700,000, while similar flats in Sembawang and Yishun are available below S$600,000.

In Jurong West and Woodlands, options are below S$550,000. First-time resale buyers can receive housing grants of up to S$230,000, further easing the financial burden. Despite the high resale prices of certain flats, MND emphasized that such transactions constitute only a tiny fraction of all transactions. Prime locations, strong transport connectivity, and comprehensive amenities contribute to the allure of these high-priced flats, although concerns over affordability persist for Singaporeans.