If you’re keeping track of million-dollar HDB transactions, here’s one to add to your list: a Bukit Timah executive maisonette just changed hands for an eye-watering $1,501,555 in May 2025. And no, that’s not a typo. This 154 sqm (1,658 sq. ft.) unit at Toh Yi Gardens has just claimed the title of Singapore’s most expensive executive HDB flat, just edging out the $1.5m executive HDB over at Bishan. But before you start fretting about “astronomical HDB prices,” here’s why this particular transaction stands apart from the usual million-dollar flat headlines. Table of contents

• The Numbers: Breaking Down Singapore’s Latest Record HDB Sale
• Past Record-Breaking Prices
• The Scarcity Factor
• Location Attributes That Set This Unit Apart
• Price vs. Value: The Complex Equation
• What Does This Sale Tell Us About The Market?
• Future Implications
• The Bigger Picture

The Numbers: Breaking Down Singapore’s Latest Record HDB Sale Let’s first look at what you’re actually getting for $1.5 million:...