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From Xiaxue’s 4-Room EXE to Bishan’s million-dollar flat: What’s behind the price surge of 4-room HDB flats?

Updated: 5 min readby Add as preferred on Google

Earlier this month, local influencer Xiaxue took to her Instagram to announce that she had listed her 4-room executive flat in Hougang, located at Block 128 Lorong Ah Soo, for S$928,000. It has garnered attention from Singaporeans for its bold interior design and expansive 1,528 sqft layout which could dramatically influence resale value.

Just a few days later, a 4-room flat in Block 503, Bishan Street 13 sold for an astonishing S$1.23 million, becoming the highest transacted price ever for a 4-room HDB in the area.

Clearly, the combination of location, layout, and amenities continues to fuel demand in Bishan, making it one of Singapore’s most desirable HDB towns for both buyers and investors. So, let’s deep dive into this ATH, shall we?

Table of Contents

4-room in Bishan commands top dollar

Bishan-HDB-Block-503-resale
Street view of HDB Block 503, Bishan

The flat located between the 4th and 6th floor boasts a generous layout of  1,216 sqft—making it even more spacious than many of the newly built 5-room HDB flats.

While this transaction doesn’t surpass national records for its room type (with the highest still at S$1.518 million), it marks a new all-time high for 4-room flats in Bishan, highlighting sustained demand in this sought-after mature estate.

Why is Bishan highly sought after?

Bishan continues to command strong demand due to its central location, mature-town status, and excellent connectivity.

With Bishan MRT serving as a key interchange on both the North-South and Circle Lines, residents enjoy fast, direct access to key areas such as Orchard, Dhoby Ghaut, and Marina Bay.

The neighbourhood is also home to popular schools like Raffles Institution, Catholic High School and Kuo Chuan Presbyterian, which enhances its appeal to families with school-going children. These schools are within the 2km range from the HDB block, and residents can easily take a short bus ride or walk to and from these schools.

Beyond transport and education, Bishan offers a quality lifestyle with amenities like Junction 8 mall, Bishan-Ang Mo Kio Park and the Bishan Sports Hall and Swimming Complex. Its relatively lower density compared to other central areas gives it a more relaxed, community-oriented feel.

With its blend of accessibility, education, green space and long-term liveability, it’s easy to see why Bishan remains one of the top-performing HDB towns in Singapore.

Graph depicting Bishan and Singapore 4-room resale data

Above is the average PSF and transaction volume trend for 4-room HDB flats in Bishan over the past 5 years. As we can see above, the resale value of 4-room units in the area has grown by 43.59% in the last 5 years. This is just 2.15% lower than the value appreciation seen in the rest of Singapore, underscoring how Bishan is now a prime locality for home owners in the country.

Flats in this neighbourhood are also prized for their larger layouts compared to newer Built-To-Order (BTO) flats, making them ideal for upgraders or families seeking more space.

Top 10 HBD resale transactions in Bishan

Date Address Block Floor Size (sqft) Price PSF
04/2025 Bishan Street 11 503 4-6 1,216 S$1.23 M S$1,011
06/2023 Bishan Street 24 291 28-30 1,313 S$1.09 M S$830
04/2023 Bishan Street 24 273A 34-36 1,023 S$1.088 M S$1,063.54
10/2023 Bishan Street 24 273A 22-24 1,023 S$1.078 M S$1,053
02/2023 Bishan Street 24 273A 37-39 1,023 S$1.075 M S$1,050
03/2024 Bishan Street 24 273A 16-18 1,023 S$1.062 M S$1,038
12/2023 Bishan Street 24 273B 22-24 1,023 S$1.05 M S$1,026
07/2024 Bishan Street 24 273B 7-9 1,023 S$1.05 M S$1,026
05/2022 Bishan Street 24 273B 40-42 1,023 S$1.05 M S$1,026
08/2023 Bishan Street 24 273A 22-24 1,023 S$1.05 M S$1,026

Compared to other million-dollar flats in Bishan, the unit at Block 503 stands out for its size and price. Most of the past transactions in the 273-series blocks along Bishan Street 24 involved slightly smaller 1,023 sqft units, with prices typically ranging from S$1.05 million to S$1.088 million, and psf values averaging between S$1,026 to S$1,063.

Interestingly, even higher-floor units in those blocks—some reaching the 30th floor and above—did not cross the S$1.1 million mark. This includes a 1,313 sqft unit at Block 291 that sold for S$1.09 million in June 2023.

This April 2025 transaction at Block 503 signals strong buyer confidence in larger 4-room units in central Bishan. It may also suggest that buyers are placing a premium not just on location or floor level, but on usable space; especially in estates known for their generous layouts and connectivity.

Final thoughts: Bishan’s rise shows no signs of slowing

Bishan’s consistent streak of record-breaking HDB sales is no fluke. With its strategic central location, top-tier schools, seamless transport links, and access to lifestyle amenities, Bishan has evolved into a prime residential enclave, especially for families and upgraders.

The data paints a clear picture: buyers are willing to pay a premium for well-located, high-floor units with generous layouts, and Bishan ticks all the boxes. As the town continues to attract discerning buyers, price resilience in the resale market is expected to hold strong.

For prospective buyers, the key is to act decisively. Units in sought-after blocks; especially those above the 30th floor or within school catchment areas, don’t stay on the market for long. Whether you’re eyeing Bishan as a future home or a sound investment, now may be the time to make your move.

About 99.co

We are a property search engine with the overarching goal of building a more transparent and efficient property market. We are working towards that future by empowering people with the tools and information needed to find a place to live in the best way possible.

Looking to sell your property?

Whether your HDB apartment is reaching the end of its Minimum Occupation Period (MOP) or your condo has crossed its Seller Stamp Duty (SSD) window, it is always good to know how much you can potentially gain if you were to list and sell your property. Not only that, you’ll also need to know whether your gains would allow you to right-size to the dream home in the neighbourhood you and your family have been eyeing.

One easy way is to send us a request for a credible and trusted property consultant to reach out to you.

Alternatively, you can jump onto 99.co’s Property Value Tool to get an estimate for free.

If you’re looking for your dream home, be it as a first-time or seasoned homebuyer or seller – say, to upgrade or right-size – you will find it on Singapore’s fastest-growing property portal 99.co.

Meanwhile, if you have an interesting property-related story to share with us, drop us a message here — and we’ll review it and get back to you.

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