Queenstown’s $1.66M HDB Loft Sale: What It Means for Singapore’s Resale Market

Authored by Raymond Tiah

A New Benchmark in the HDB Resale Market

Singapore’s HDB resale scene has just hit a new high.
A rare 5-room loft unit at SkyTerrace @ Dawson (Block 92 Dawson Rd) was sold for an eye-popping S$1,658,888, setting a new record as the most expensive HDB flat ever sold.

It’s not just a headline—it’s a reflection of what today’s buyers are willing to pay for volume, design, and location.

What Makes This Loft So Valuable?

This is no ordinary HDB flat. The premium was driven by a unique combination of factors:

• Mid-floor, 5-room loft layout — a rare configuration within HDB developments

• Spacious 1,313 sqft unit with double-height ceilings and split-level design

• Located just minutes from Queenstown MRT, with schools, eateries, and parks nearby

• Nearly 90 years left on the lease (from 2016)

• Sold at $1,263 psf, cementing its place in history

This isn’t just a flat — it’s a luxury lifestyle upgrade within the HDB framework.

Seller’s Gain: Over $1.1 Million in Profit

The seller originally purchased the unit during the 2009 BTO launch for around $532,000.
Fast forward to 2025, and that same unit fetched $1.659M.

That’s over $1.1M in capital gains — excluding stamp duties and agent fees.

The takeaway?

Standout BTOs in prime areas can outperform even private condos in appreciation, given enough time and the right conditions.

Why These Lofts Command a Serious Premium

Buyers are increasingly drawn to flats that tick the following boxes:

• Rarity – Loft units are extremely limited in Singapore

• Prime location – Close to MRTs and key amenities

• Functionality – Great for multigenerational families or owners who want “more than a flat”

• Design – High ceilings, spacious layouts, and smart interiors

In a market where many resale flats can feel cookie-cutter, uniqueness pays.

Final Takeaway: Got a Rare Layout in a Central Location? You Might Be Sitting on Gold

This sale highlights a major truth in today’s market: Not all HDB flats are created equal.

If your home has a rare layout, central access, or modern design — now could be the ideal time to assess its value.
Buyers are willing to pay top dollar for standout units, especially as land scarcity and demand keep rising.

📩 Curious what your home could fetch?
Let’s chat — no hard sell, just honest insights.

🔴Follow and DM @raytiah318 for a personalised valuation and upgrade plan.

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