- The "big chill" is real. After 2024's frenzy, volumes cooled in Q3–Q4 and, for the first time in years, price growth normalised.
- Town winners & losers. Clementi took the crown on a "5-room fever"; the Central Area actually saw negative growth in the 4-room segment — even prestigious postcodes have a ceiling.
- The "storey" story. Higher floors don't keep rewarding you: flats in the first 5 floors and the next 10 are priced roughly the same islandwide, and the premium fades above the 30th floor. At a point, a view is just a view.
- Million-dollar madness. The "Million Dollar Club" grew over 50% this year. Toa Payoh is the king. No million-dollar 3-room yet — the record 3-room is a Bidadari unit at $930k (Oct 2025). Queenstown's Dawson Road holds the throne at $1.66M.
- What people pay for. Two extremes: "Young & Central" (10–15-year-old flats in prime spots) or "Old & Oversized" (units over 140 sqm). Space is the new luxury.
Bottom line: while we talk about $1.6M records, the median HDB resale price still sits in the low $600k — a staggering $1M gap between the "average" home and the "trophy" HDB.