The velocity of Singapore’s public housing market reached a remarkable milestone in February 2026 when a two-room flat at SkyParc @ Dawson changed hands for SGD695,000, shattering the previous national record by a substantial margin. This transaction eclipsed the former benchmark of SGD585,000, set by a Ghim Moh unit in August 2023, representing nearly 19% appreciation within three years and signaling robust demand for premium compact units.
SkyParc @ Dawson’s SGD695,000 two-room flat sale shattered Singapore’s public housing record, surging 19% beyond the previous SGD585,000 benchmark.
The record-breaking sale becomes even more striking when compared to the same development block’s December 2025 transaction at SGD540,000, revealing a SGD155,000 increase in merely two months. Such rapid appreciation underscores the property’s exceptional appeal, driven by multiple converging factors that distinguish it from typical public housing offerings.
At 505 square feet, the unit occupies the 34th to 36th storeys of Block 95 Dawson Road, commanding premium views that few two-room configurations can match. The Premium Apartment classification sets these units apart from standard Build-To-Order flats, offering enhanced specifications that justify higher price points. Having recently completed the five-year minimum occupation period, the property became eligible for resale, meeting pent-up demand from buyers seeking quality compact homes.
Location advantages substantially bolster the property’s value proposition. Positioned near both Queenstown and Commonwealth MRT stations, residents enjoy exceptional connectivity, with eleven bus stops enhancing transport options further. This established Queenstown neighborhood combines convenience with accessibility, making daily commutes remarkably efficient.
SkyParc @ Dawson’s composition across three blocks, completed in December 2020, represents relatively recent construction with 810 two-room flexi units alongside larger configurations. The development emerged from the Tanglin Halt Selective En bloc Redevelopment Scheme, replacing older housing stock with contemporary amenities and modern design standards. The development also includes three-, four- and five-room flats, providing diverse housing options within the integrated community.
The property’s 94 years and nine months remaining lease eliminates near-term lease decay concerns, providing buyers with extended ownership security that supports premium pricing. While National Development Minister Chee Hong Tat forecasted resale price moderation beginning in 2026, anticipating increased supply as more pandemic-delayed projects reach their minimum occupation periods, this particular transaction demonstrates that exceptional properties in prime locations continue commanding remarkable premiums regardless of broader market trends. The outstanding performance of this unit occurred despite the broader HDB resale market transitioning from double-digit growth in 2022 and 2024 to a projected 2-4% increase for 2026. The sale details were published by Melissa Teo for AsiaOne on February 21, 2026, with 99.co documenting this as the highest recorded price for a two-room resale unit nationwide.
