One common perception about HDB flats is that higher floors command a premium – often due to the view or privacy. However, HDB dwellers can be a practical bunch: in our interactions with homeowners and readers, many cite the hassle of long lift rides, or they feel top-floor living can be isolating. At the same time, we also know that many buyers do still chase units on higher floors. Given these competing perspectives, we decided it’s high time we did a deep dive. However, we recognise some limitations when it comes to the data – while flats seem to be homogeneous due to their similarities, they can vary significantly in terms of location, age, amenities, views and so on. As such, we narrowed our focus to HDB flats that were 10 to 19 years old, and looked at their price growth between 2020 and 2024. Flats between 10 to 19 years had a good mix of strong transaction volume and flats that were built  ...