A four-room HDB resale flat in Tiong Bahru has set a new national benchmark after changing hands for S$1.53 million in May 2026, despite having only about 45 years remaining on its lease.
The record-setting transaction involved an adjoined jumbo flat at Block 50 Moh Guan Terrace in Bukit Merah.
The sale has overtaken previous four-room resale records and renewed attention on ageing flats in mature estates commanding premium prices.
The latest transaction comes only weeks after another Bukit Merah flat made headlines earlier this month when a five-room unit at City Vue@Henderson along Henderson Road was sold for S$1.728 million.
Property market observers said the latest Moh Guan Terrace deal reflects sustained demand for rare, spacious homes in centrally located heritage estates, even when lease decay remains a concern.
Record price despite ageing lease
According to resale data, the Moh Guan Terrace unit is located between the first and third floors of Block 50 and has around 45 years and nine months remaining on its lease.
The project’s lease began in 1973 under the former Singapore Improvement Trust (SIT), the predecessor to the Housing and Development Board (HDB).
While million-dollar HDB resale deals have become increasingly common in mature estates, the latest sale stood out because of the flat’s comparatively short remaining lease.
The transacted price of S$1.53 million works out to around S$947 per square foot, lower than many newer million-dollar HDB flats. However, the unusually large floor area pushed the total transaction value to a new national record for four-room flats.
The adjoined unit spans about 1,615 sq ft, or approximately 150 sq m, making it significantly larger than most contemporary four-room HDB flats.
The project itself is only about four storeys high, adding to the estate’s distinct low-rise character.
