The Housing Development Board (HDB) resale market in June 2026 witnessed a record-breaking 188 flats sold for at least S$1m, according to the latest report by 99.co and SRX. Despite stable overall prices, the market experienced a slight 0.1% decrease in transaction volume from May 2026, with 2,137 flats changing hands.
The report highlights a divergence between stable prices and softer transaction volumes, suggesting a more balanced market phase. Chief Data & Analytics Officer at 99.co, Luqman Hakim, noted that whilst sellers are maintaining their asking prices, buyers are becoming more selective. This shift is attributed to some prospective buyers waiting for the June 2026 Build-To-Order (BTO) launch, weighing the benefits of shorter waiting times against potentially more affordable new flats.
Million-dollar flats now account for 8.8% of all resale transactions, with Bukit Merah and Toa Payoh each recording 28 such sales, followed by Queenstown with 23. The highest transacted price was S$1.65m for a 5-room flat at Skyterrace @ Dawson.
Looking ahead, the market is expected to see an increase in supply as over 13,000 HDB flats reach their five-year Minimum Occupation Period in 2026, up 93% from the previous year. This influx is anticipated to provide buyers with more options and negotiating leverage, potentially keeping the market balanced.
