Most Singaporeans have encountered headline-grabbing articles about the rising numbers of million-dollar flats, or eye-watering amounts of money that some homeowners seem willing to pay for specific resale flats.If you’ve ever wondered who these buyers are, and what propelled them to fork out over a million dollars for public housing, a consumer survey by PropNex Singapore gives us a clearer picture.This consumer survey of recent million-dollar flat buyers was conducted by PropNex agents who were instrumental in closing 110 million-dollar HDB resale transactions in 2025. The buyer characteristics were provided by these agents, who drew on their interaction with the buyers.As the number of resale flat transactions crossing seven figures steadily increased over the years, 2025 saw a sharp increase in such transactions. So far this year, from Jan 1 to July 16, there were at least 1,002 resale flats that transacted for at least $1 million, according to transaction data.This means that we are on track to meet or exceed the record 1,593 million-dollar flat sales that was recorded in the entire 2025. Read more