A rare jumbo HDB flat in Telok Blangah has had its asking price reduced from S$2.18 million to S$1.999 million, keeping it within striking distance of Singapore’s record resale prices for public housing.
The 1,465 sq ft unit at Block 93B Telok Blangah Street 31 was originally listed at S$2.18 million. It consists of two adjoining three-room flats combined under HDB’s jumbo-flat conversion scheme and has about 91 years remaining on its lease.
At the revised asking price, the property would still exceed Singapore’s current HDB resale record of S$1.728 million, set by a five-room flat in Henderson in April 2026, if a sale is completed at the listed amount.
The property’s rarity is a key factor behind the premium. The home has five bedrooms and four bathrooms and is located near the upcoming Berlayar housing estate and the Greater Southern Waterfront.
However, HDB has said the original S$2.18 million asking price was significantly higher than comparable transactions in the area. Three-room flats nearby had recently changed hands for between about S$673,000 and S$771,000. At the upper end, two such flats would total roughly S$1.54 million, leaving a substantial gap with the original asking price.
HDB also warned that a transaction significantly above its valuation could involve substantial cash over valuation, which must be paid fully in cash by the buyer.
The agency said it has not received a resale application for the Telok Blangah unit. Meanwhile, it is reviewing the jumbo-flat conversion scheme following public concerns sparked by the listing.
The revised S$1.999 million price means the eventual sale, if completed, could provide a clearer indication of how much buyers are willing to pay for the combination of size, location and rarity offered by jumbo HDB flats.
