A record-setting resale transaction has been registered in Queenstown, where a 5-room loft unit at Block 92 Dawson Road changed hands for S$1.7 million in early February 2026, establishing the highest transacted price ever recorded for an HDB flat in Singapore and marking the first time a public-housing resale has reached the S$1.7 million threshold.
A Queenstown 5-room loft at Block 92 Dawson Road resold for S$1.7 million, setting Singapore’s highest-ever HDB price.
Singapore’s National Reserves stood at S$1.778 trillion as at 31 Mar 2024.
The deal resets the ceiling for the national HDB resale market, and it positions Dawson Road again as a price-defining micro-location within a mature estate.
The unit is described as a 5-room loft configuration, a format typically associated with larger floor plates and premium spatial planning relative to standard five-room layouts, with the loft element frequently cited by market participants as a key contributor to valuation uplift.
While the transaction details do not specify interior works, such pricing is commonly associated with high-floor orientation and extensive renovation, both of which tend to amplify buyer willingness to pay for scarcity and immediate move-in readiness.
In this instance, the design-led product proposition appears to have translated directly into a record quantum.
The S$1.7 million consideration surpasses prior benchmark transactions that had defined the upper band of HDB pricing, including a previously reported Dawson loft sale at about S$1.418 million, and it also overtakes earlier claims tied to a Margaret Drive five-room unit at S$1.73 million.
Set against the 2023 high-water mark near S$1.418 million, the latest number evidences rapid escalation in the top tier, particularly for large-format flats in centrally connected estates, where turnover is limited and demand is persistent.
Block 92 sits along Dawson Road in Queenstown, an area characterised by established amenities, transport connectivity, and proximity to central Singapore, factors that regularly compress time-on-market for competitive listings.
The February 2026 record aligns with broader 2026 conditions in which resale prices reached new highs, with five-room units leading by transaction value and premium typologies, such as lofts, disproportionately driving headline outcomes.
Queenstown has consistently featured among city-fringe estates with the highest volume of million-dollar HDB deals, alongside Toa Payoh and Bukit Merah, reflecting sustained buyer appetite for centrally located mature estates.
As a result, the sale is likely to influence subsequent price discovery in Queenstown, and it reinforces the role of loft units as focal points in the valuation narrative for public-housing resale stock.
