AI-synthesised
Geylang HDB Record, Condo Sales Slump, and Million-Dollar Flat COV Trends
Published 19 July 2026 · Covers news from 18 Jul to 19 Jul
Singapore's HDB resale market continues to see headline-grabbing million-dollar transactions, including a new Geylang price record, while the new private condo market reported a sharp 65% sales decline in June. PropNex data also sheds light on how most million-dollar HDB buyers navigated valuations in 2025.
- A 4-room flat at 82B Circuit Road (MacPherson Spring) transacted at $1.1 million in July 2026, setting a new Geylang price record and edging out the previous high by $12,000 — notable because the unit sits on a lower floor than the prior record holder. [1]
- PropNex reports that most buyers of million-dollar HDB flats in 2025 paid no Cash-Over-Valuation (COV), suggesting that high transacted prices were largely supported by official valuations rather than buyers bidding far above them. [3]
- HDB resale prices were reported as stable in June 2026 according to 99.co, even as million-dollar flat sales hit a new high that month — indicating volume at the top end of the market is rising without necessarily pulling the broader index up sharply. [5]
- New private condo sales plunged 65% in June, according to Stacked Homes — the article attributes this to specific market conditions, though the full detail is behind the link; buyers and agents tracking new launch momentum should note the scale of the monthly drop. [4]
- A freehold bungalow at 15 Matlock Rise, Braddell Heights, has been launched for sale at $18 million via a JLL Expression of Interest exercise closing 18 September 2026; the 10,197 sq ft site is reported to have redevelopment potential for two detached houses. [2]
Sources
- [1]A 4-Room HDB Flat Just Set A New Geylang Price Record At $1.1M — Despite Being On A Lower Floor
Stacked Homes · 18/07/2026
- [2]
- [3]Most buyers of million-dollar HDB flats paid no COV in 2025: PropNex - The Business Times
Google News — Singapore property · 17/07/2026
- [4]Singapore’s New Condo Sales Plunged 65% In June — Here’s What Happened - Stacked Homes
Google News — Singapore property · 15/07/2026
Note: This insight was AI-synthesised from the sources above. SifuProperty does not predict prices or recommend buy/sell timing. For decisions on a specific property, talk to a CEA-registered agent. Nothing here is financial or investment advice.