Punggol’s 5‑Room Loft Flat Sold for $970,000 – A New Record in the Housing Market

Million‑Dollar HDB Magic in Punggol – but Not for Everyone

Just last month a five‑room leased loft in Treelodge @ Punggol flipped hands for $970,000. That’s the sixth property in the area to cross the $900k mark since 2019, giving Punggol a taste of the high‑end DSA.

What Makes a Loft Worth a Million?

Sky‑high views: A floor that lets you see the city skyline (and maybe the neighbors’ balconies).
Prime location: Close to MRT, parks, and that ping‑ping “Punggol Reservoir” you can’t miss.
Polished renovations: Interiors that outshine a home‑yoga studio.
High floor level: Because who doesn’t want a view from the clouds?

Why Strangers Aren’t Expecting This Everywhere

ERA’s research guru Nick Mak notes that these million‑plus sales are usually locked to mature pockets of Singapore. “We’ll probably have to wait a while before you see a deal like this in a brand‑new estate,” he says. So, if you’re eyeing a fresh neighbourhood, buckle up—there’s still a queue.

TL;DR: Punggol’s lofty loot is part of a growing trend, but the market’s still a giant leap for newbies.

Real‑Estate Reality Check

First off, let’s get one thing straight: not everyone has a shiny $1 million wallet ready to splash on a home. If you’re actually holding that cash, you’ve got a buffet of choices, and placing your stakes in quieter spots like Punggol? Probably not the first stop.

What the Future Looks Like

Long‑term take: In the coming decade or so, inflation will turn every corner of Singapore into a one‑million‑dollar zone. That’s just the way the market evolves.
Short‑term reality: Over the next twelve months, we’ll not see any new “million‑dollar” gems popping up in the outskirts. Keep your eyes on the central hubs if you’re chasing that price tag.

— Mr. Mak, weighing in on the high‑end housing scene.

Mystery Fee: Who’s Raking In the Million-Dollar Coins?

According to Ms. Christine Sun, the senior vice‑president of research and analytics at OrangeTee & Tie, the real estate scene is feeling a bit like a secret club. Only six units in Punggol have ever dipped over the $900,000 threshold – not exactly a hot ticket list if you ask me.

Single‑Million Milestones in the Market

She’s not entirely dismissing the more adventurous buyers, however. “We might see a resale unit in a non‑mature area float past the $1 million line, but it could take its sweet time,” she said. And so far, that sweet time has already proven to be a handful.

One million‑dollar transaction in a non‑mature estate.
Location: A 177 sq m maisonette in Block 851 Hougang Central.
Sale date: January 2018.
Highlight: Highest‑floor gem of a 15‑storey block, with 78 years left in a 99‑year lease.

Why the Slow Burn?

It seems that the market is still warming up. Christine wisely pointed out that while prices are on the rise, the pace isn’t exactly a sprint. Think of it like a slow‑blooming orchid – you get the view only after a while!

Why Lofty Living Is the New Hot Spot for Singaporeans

When you think of public housing, you might picture flat, modest apartments. But HDB loft units throw those expectations out the window. With double‑storey ceilings and more square metres than a typical flat, they’ve become the crème‑de‑la‑crème of Singapore’s public rental market.

Treelodge @ Punggol – 2007’s Eco‑Friendly Pioneer

Only 14 lofts in this BTO gem.
Launched in 2007; touted as the first eco‑friendly public housing development in Singapore.
Example sale: One unit grabbed a price tag of $970,000 for a 147 sq m living space with roughly 89 years left on the 99‑year lease.

Punggol Sapphire – 2008’s Balancing Act

23 lofts ready for buyers.
Directly followed Treelodge in offering spacious, greener homes.

SkyTerrace @ Dawson BTO – Queenstown’s Mature Estate Gem

26 loft units spread across high‑rises.
Owners recently completed the mandatory five‑year minimum occupation period.
Last month’s headline: a 5‑room, 122 sq m loft on the 42nd and 43rd floors sold for a staggering $1.328 million.
Its vistas? Picture a bustling good‑class bungalow scene in Tanglin – garden‑view, city-view, and that “I’m in my own world” atmosphere all rolled into one.

So, if you’re hunting for a place that lets you live high—literally—tread carefully. These lofts are limited, pricey, and they’re slice‑of-the‑pie of Singapore’s housing market that’s in sharp demand. Happy house‑hunting!

Million-Dollar Milestone: Singapore’s HDB Resale Market Bounces to New Heights

In November, the city’s HDB resale floor ran full-speed, with 29 units crossing the $1 million threshold – breaking the previous record of 26 set back in August. That’s why we’re buzzing: every pound that’s exchanged puts this market on the map.

All the Numbers, All the Places

223 million-dollar beauties sold in the first 11 months of 2025
All located in mature estates like Bishan, Queenstown, and Toa Payoh – the “old‑school” districts that still wow investors.
2025 is shaping up to be the ultimate record year for high‑price HDB resales.

Why It Matters

It’s more than a headline; it’s an indicator that HDB’s “family homes” are turning into finely tuned investment steam engines. The trend shows that while the market remains balanced, premium-ish buyers are eyeing solid assets with long‑term promise.

Final Thought

So if you’re on the fence about jumping into a $1M HDB resale, it’s time to weigh the vibes – Singapore’s classic estates are just getting a stylish upgrade, and the game’s playing out on a fresh, upward track. Happy flipping, folks!

Singapore’s 2023 Gold‑Ticket Housing Boom

Picture this: 82 mega‑priced condos rubbing shoulders on the market this past year. That’s right—over 80 resale flats that went for a cool US$1 million or more. The numbers speak for themselves: the city’s skyline is getting a little shinier, a little pricier.

Why All the Heat?

Investor Frenzy – The big guys are splurging on Singapore’s safe‑haven properties.

Expat Demand – Luxury landlords see a steady influx of foreign buyers looking for a secure home base.

Supply Crunch – High-end units are scarce, quick to go, and easy to turn into money‑making assets.

What This Means for Regular Folks

While the million‑dollar list will make headlines, the ripple effects hit everyday residents too!

Buying power gaps widen.

Rental prices on the edge of the city may climb.

Local developers eye smart‑pricing strategies to keep up.

Bottom Line

With 82 million‑dollar resale stalls this year, Singapore’s real‑estate scene keeps moving—one pricey block at a time. Investors may be flaunting numbers, but if you’re looking for a spot to call home, there’s more than the high‑roller side of the story. Stay tuned!