In February 2026, a two-room flexi resale flat at SkyParc @ Dawson, Block 95 Dawson Road, transacted at SGD695,000 (about US$549,000), establishing the highest officially recorded price for a two-room resale flat in Singapore, and surpassing both the prior national benchmark of SGD585,000 set at Ghim Moh in August 2023 and the development’s earlier block record of SGD540,000 from December 2025. The transaction was reflected in HDB data records.
> In February 2026, a SkyParc @ Dawson two-room resale hit SGD695,000, setting a new national record.
The unit, positioned between the 34th and 36th storeys, reflects how micro-location, elevation, and project specification can combine to lift valuations beyond historic norms.
At 505 square feet (about 47 square metres), the transaction implies an estimated SGD1,376 per square foot, a level that stands out against typical two-room HDB pricing in less central estates.
The flat had just met its minimum occupation period at the point of sale, and it carried a remaining lease of 94 years and nine months, parameters that tend to preserve buyer confidence in longer-dated utility and financing viability. The sale became possible only after the standard 5-year MOP had elapsed, calculated from the original date of key collection.
Importantly, the apartment is classified as a Premium Apartment, indicating higher specifications than standard Build-to-Order units, and this designation provides a structural basis for price differentiation even within the two-room segment.
SkyParc @ Dawson, completed in December 2020, is a large-scale, premium-positioned public housing development comprising 810 two-room flexi units alongside three-, four-, and five-room flats, distributed across three blocks on Dawson Road.
Block 95 alone contains 104 two-room flats and 152 three-room flats, and recent pricing in the same block shows the degree of uplift achieved by the record sale relative to the SGD540,000 level observed in December 2025.
The project’s Queenstown location, near both Queenstown and Commonwealth MRT stations and within the Tanglin Halt Selective En bloc Redevelopment Scheme replacement sites, strengthens accessibility credentials that are frequently capitalised into resale values.
Market comparisons further indicate that three-room units in SkyParc @ Dawson commonly range from about SGD765,000 to SGD935,000, placing a nearly SGD700,000 two-room result within a broader premium pricing envelope.
This sale also occurred despite National Development Minister Chee Hong Tat’s indication that resale flat prices could begin easing from 2026, suggesting that well-located, premium-specified two-room stock may remain comparatively insulated. He also linked the earlier run-up in resale prices to Covid-19 BTO delays.
