Mile‑High Dreams: Singapore’s Latest HDB Million‑Dollar Make‑Over
Ever wonder what unites the trendsetters of Pasir Ris, Marine Parade, and the newest star of Tampines? They’re all in the exclusive “million‑dollar club” of Singapore’s Housing & Development Board (HDB) resale market. And this year, it’s the crescendo that sent the price tag sky‑high.
Spotlight on Tampines’ Newest Hit
- Location: Block 856D, Tampines Street 82 – smack dab between the 10th and 12th floors.
- Size: 154 m² of executive maisonette magic.
- Lease: Roughly 72 years left – still a pretty solid long‑term deal.
- Price: A sweet $1.013 million, signed in September.
- Pitch: Built back in 1995, this home has a few decades of history and a hefty price tag.
Comparing the Numbers
Just a month earlier, a fellow executive maisonette from a neighboring block fetched $855,000. That gem was on a lower floor (1st–3rd) and still delivered the high‑end feel, but it didn’t quite hit the million‑mark.
Why This Matters
- No floor gimmicks needed: Even mid‑to‑high floors can sell like hotcakes when the lease is still in the green.
- Age works in favour: Homes built in the mid‑90s are now enjoying a second chapter of chance.
- Future‑proofing: With over 70 years of lease left, buyers are boasting long‑term security.
So next time you’re strolling through Pasir Ris or Marine Parade, keep an eye on how many more million‑dollar deals are bubbling up in the neighbourhood. The HDB resale club isn’t just about lofty numbers; it’s about the promise of a comfortable, high‑quality home that feels just as glamorous as you do. And who knows? Your own maisonette could soon find a buyer willing to splash out a million-plus—turns out the only thing left to do is keep dreaming big.
Why This $1+ Million Flat Is So Hot!
TL;DR: Mature estates, booming incomes, and a killer location mean any high‑end HDB flat can go for a gazillion.
Getting the Scoop from ERA Realty
- Nicholas Mak, head of research, says it’s all about mature estates. “Tampines has the right infrastructure, so it’s no surprise a HDB could sell for over a million.”
- He adds the trend will only accelerate: “With inflation climbing, pay raises, and richer households, housing prices will keep ticking up.”
Location, Location, Location
- Block 856D sits right opposite Our Tampines Hub – think strolling to a hawker stall or a chill family‑friendly spot.
- Near the block: a Fairprice, Tampines Regional Library, and Tampines Sports Hall.
- Short nine‑minute walk to the Tampines One, Century Square, and Tampines Mall – all within arm’s reach of the MRT station.
What Makes It Worth the Price Tag?
- The flat is an executive maisonette – a double‑story home with loft‑style ceilings and a real, indoor staircase. The resale market only offers these special units.
- Comparable sales: a similar maisonette in Bukit Timah went for $1.28 million this month.
- The unit covers 146 m² and has roughly 65 years left on its lease, according to 99.co.
Other Million‑Dollar Marvels this Year
- Bukit Batok Street: one executive maisonette hit $1.005 million in July.
- Marine Parade: a 47‑year‑old flat sold at $1.01 million.
- Yishun: two executive apartments crossed the million‑dollar mark in May and June.
So whether you’re hunting for a quirky loft or a prime location, a million‑dollar HDB in Singapore is proving to be more than just a headline – it’s a lifestyle upgrade.
