The overall price trend in the HDB resale market is on a downward trajectory, but the number of flats that were recently sold for $1 million and higher just climbed to a new high. According to the latest HDB Resale Price Index (RPI), published on July 24, resale HDB prices fell 0.3% quarter-on-quarter (q-o-q) to 202.8 in 2Q2026. This follows a 0.1% q-o-q dip in 1Q2026. It is the first time since 2Q2019 that the index has posted two straight quarterly declines, and with the index essentially unchanged from the 202.9 reading a year ago, the second quarter of this year also marks the first time since end-2019 that the RPI has stayed flat on a year-on-year (y-o-y) basis. The latest housing data points to a market moderating on two fronts: overall price growth has stalled, but transactions at the very top of the price range are becoming more common. Wong Siew Ying, head of research and content at PropNex Realty...