Is the Trend for Million-Dollar Flats Here to Stay?

Million-dollar flats are becoming more common. The number of million-dollar flats rose by 27% y-o-y in 2026. Even as most of the million-dollar flats have existed in prime central location, ERA observes an uptick in million-dollar flats in Woodlands. 

With the rising home prices, more four room flats were observed to have achieved the million-dollar price tag. This number has jumped threefold in 2023 compared to 2022. 

Many of these million-dollar flats share common traits such as 

• Longer remaining lease 
• Larger floor area 

• Located near transport nodes and amenities