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The phenomenon of million-dollar HDB flats in Singapore has become increasingly significant and reflects several key trends in the local real estate market. ### Record Transactions In February 2025, a record 121 million-dollar HDB flats were sold, surpassing the previous record set in July 2024. This indicates a strong and ongoing demand for high-value flats, despite a decline in overall resale transactions. ### Price Appreciation HDB resale prices have seen substantial growth, with a year-on-year increase of 9.8% as of February 2025. This growth is driven by factors such as supply constraints, particularly the limited number of flats reaching their Minimum Occupation Period (MOP), and shifting buyer preferences. ### Key Locations Million-dollar transactions are predominantly found in central and mature estates. Areas like Toa Payoh, Bukit Merah, Kallang/Whampoa, and Queenstown are among the top locations for these high-value sales. These areas benefit from proximity to significant amenities, such as MRTs and town centers. ### Flat Types The majority of million-dollar transactions involve 5-room and executive flats, which are in higher demand due to their larger size and relative rarity. The size and location of these flats, along with their remaining lease, are critical factors influencing their high prices. ### Market Outlook The rise in million-dollar flats is expected to continue, driven by the ongoing demand for well-located and larger units. Despite some predictions of potential price stabilization or slight adjustments, the overall trend suggests that these high-value transactions will remain a significant part of the HDB resale market. In summary, million-dollar HDB flats are no longer an anomaly but rather a reflection of the current market dynamics, characterized by strong demand, limited supply, and the allure of prime locations and larger living spaces.Thank you for your query with EdgeProp Buddy. As a reminder, I'm in Beta mode and it's always wise to seek counsel from a real estate professional for these types of matters.

Arys appears to refer to a property agent named "arys test" listed on EdgeProp Singapore, assisting with property sales or rentals; not a specific property or location.