Why are Singapore’s million-dollar HDB flats becoming more common?

Flats in mature estates such as Bishan, Queenstown, and Toa Payoh often command premium prices due to their prime locations, strong connectivity, and proximity to top schools and amenities. Rare unit types like jumbo flats, executive maisonettes, and DBSS units add further scarcity value. With rising household incomes and a desire for larger living spaces, demand for such homes has surged.