A jumbo HDB flat in Telok Blangah has been listed for S$2.18 million, putting the property nearly S$400,000 above Singapore’s current record for an HDB resale flat and reigniting debate over whether the S$2 million threshold could soon be breached.
The 1,465 sq ft unit at Block 93B Telok Blangah Street 31 is part of Telok Blangah Parcview, a BTO development completed in 2017. The property was created by combining two adjoining three-room flats and has been marketed as a rare jumbo home with a long remaining lease.
The listing describes the home as having five bedrooms and four bathrooms, although other property analysis notes that the original configuration of two three-room flats would provide four bedrooms, with the listing apparently counting the two household shelters as additional rooms. The unit is fully furnished and includes an integrated audio system and air-conditioning.
At S$2.18 million, the asking price works out to about S$1,488 per sq ft. If sold at that price, it would be substantially higher than Singapore’s current overall HDB resale record of S$1.73 million, set by a five-room flat in Bukit Merah in 2024. A nearby jumbo flat in Bukit Merah previously set the jumbo-flat record at S$1.53 million in May 2026.
The property’s appeal is partly linked to its size, location and lease. The unit has about 91 years remaining on its 99-year lease and is within walking distance of Labrador Park MRT station. Its location near Telok Blangah Hill Park and the Southern Ridges also adds to its appeal, although future developments could affect some of its current views.
The agent handling the listing, PropNex’s Thomas Tong, said the asking price was not unrealistic, pointing to the combination of the property’s unusually large floor area, relatively young age and long lease. He also argued that the S$2 million HDB price point could eventually become achievable, although the current figure is an asking price and not a completed transaction.
That distinction is important. An asking price does not establish the market value of a property, and there is no guarantee that the flat will eventually transact at S$2.18 million.
Singapore’s HDB resale market has also shown signs of cooling. HDB resale prices fell 0.1 per cent in the first quarter of 2026 and another 0.3 per cent in the second quarter, after several quarters of slower growth. Increased BTO supply and more flats reaching their minimum occupation period are expected to add supply to the resale market.
At the same time, million-dollar HDB transactions have become increasingly common. More than 400 resale flats changed hands for at least S$1 million in the first quarter of 2026, showing how dramatically the upper end of the resale market has changed from previous years.
The government has previously warned against unrealistic S$2 million HDB listings, particularly where the advertised price did not accurately represent a single qualifying flat. The Telok Blangah property is different in that it is a genuine jumbo unit created from adjoining flats under HDB’s conversion framework.
For now, the S$2.18 million figure remains a target rather than a record. Whether a buyer is willing to pay that amount will determine whether the listing becomes a landmark transaction or simply another ambitious asking price.
The bigger question is no longer just how high HDB resale prices can be advertised — it is whether Singapore will actually see its first S$2 million HDB resale transaction, and what that would mean for the market that follows.
