The June 2026 99-SRX Flash Report is out, and it's a tale of two trends: HDB resale prices are climbing steadily, with million-dollar deals hitting a brand new record — but fewer flats changed hands compared to May.
Here's what the data says about Singapore's HDB resale market in June 2026.
Prices Up 1.8% — Ninth Straight Month of Growth
HDB resale prices rose 1.8% month-on-month in June, according to flash estimates from SRX and 99.co. This marks the ninth consecutive month of price growth, and the gains were broad-based across all room types and both mature and non-mature estates.
Year-on-year, overall resale prices were up 7.3% — a solid clip that reflects sustained demand for HDB flats despite a growing supply of BTO options.
Million-Dollar HDBs: 96 Units — A New All-Time High
The headline number: 96 HDB flats were resold for at least $1 million in June, up sharply from 74 in May and setting a new monthly record. Million-dollar flats now account for 4.4% of all resale transactions — also an all-time high.
Kallang/Whampoa was once again the hottest town for million-dollar deals, with 18 such transactions. Eight of those were at St. George's Towers, a recently-MOP'd project. Geylang and Bukit Merah followed with 11 units each.
The most expensive HDB resale flat in June was a five-room unit at Boon Tiong Road in Bukit Merah, which went for $1.6 million.
Why Are Million-Dollar Flats Surging?
Analysts point to several factors driving the million-dollar trend:
- The new Prime/Plus BTO classification means flats in central locations come with a 10-year MOP. Buyers who prefer shorter commitment periods are turning to the resale market instead, pushing up prices for well-located resale flats.
- Former private property owners returning to HDB after serving the 15-month wait-out period are adding to demand at the upper end of the resale market.
- Supply of family-sized resale condos and ECs in the $1M to $1.65M range is shrinking, pushing buyers who want space to consider large HDB flats instead.
- Singapore's improving economy and job market are boosting consumer confidence, especially among upper-middle-income households who have the financial capacity to pay a premium.
Volumes Dipped — But That's Expected
Resale volumes fell 13.1% month-on-month to 2,184 flats, down from 2,513 in May. But context matters: June's BTO launch offered 6,952 flats across seven projects, which diverted significant demand away from the resale market. The June school holidays also meant fewer people were house-hunting.
Year-on-year, resale volumes were still 17.5% higher than June 2025 — so the underlying trend remains healthy. It was a seasonal pause, not a market reversal.
Room-by-Room Breakdown
Four-room flats remained the most popular choice, accounting for 44% of all resale volumes. Three-room and five-room flats each made up about a quarter of transactions, while executive flats represented 6.9%.
In price terms, four-room flats led the way with a 1.8% MoM increase, followed by three-room and five-room flats at 1.6% each. Executive flats rose 1.1%. Mature estates saw prices climb 2.6% MoM, while non-mature estates rose a more modest 1.3%.
What This Means
June's data paints a picture of a market that continues to defy gravity at the top end. The million-dollar HDB club is no longer an occasional novelty — it's approaching 100 units a month, and the trend line points up.
For buyers: competition for well-located resale flats remains intense, especially in mature estates and near MRT stations. The Prime/Plus BTO policy shift may continue to drive demand towards resale flats in central locations.
For sellers: if you own a large flat in a mature estate with good connectivity, the market dynamics are very much in your favour.
Sources
SRX / 99.co — June 2026 HDB Resale Flash Report
The Business Times — Million-dollar HDB flats hit all-time high in June; prices up 1.8% (Jul 2026)
99.co — HDB resale prices stay stable in June 2026 as million-dollar flat sales hit new high