HDB Resale Price and Data Trends
HDB Price Growth vs Market Activity Growth
This chart compares HDB Resale Price Index growth against resale market activity growth, using the first quarter of 2017 as a baseline index of 100. Between 2017 and 2020, resale activity expanded by 39.7%, while HDB resale prices were broadly flat at -1.8%. This suggests that improving market participation alone was not enough to drive sustained price growth during that period, as buyers and sellers remained relatively balanced.
The major breakout came between 2020 and 2022, when the HDB Resale Price Index rose by 21.3% and resale activity increased by 23.3%. This was one of the strongest periods of simultaneous price and transaction growth in the modern resale market, reflecting a sharp shift in housing demand following the pandemic.
From 2022 to 2024, the relationship between prices and activity began to diverge. Resale activity declined by 9.4%, yet the HDB Resale Price Index continued rising by 15.2%. Historically, weaker activity is often associated with softer prices, but the resale market continued appreciating despite fewer transactions. This suggests that supply constraints, delayed Build-To-Order completions, and continued demand for completed homes may have played a larger role in supporting prices than transaction volumes alone. Future MOP waves could help ease this pressure if they add enough resale supply, although the impact will depend on whether buyer demand remains strong.
In the latest data as of Q1 2026, HDB resale prices have grown by +51.9% since Q1 2017, while resale market activity has grown by +49.7%. The current growth gap is +2.2 pts. In practical terms, resale prices and market activity have expanded by broadly similar amounts over the long term.
+51.9%
+49.7%
Q1 2026
Broadly In Line
Growth gap: +2.2 pts
Town Rankings
Latest HDB Resale Prices by Town
Compare HDB resale prices by town using the latest monthly resale data for May 2026,
with a year-to-date view for broader market context.
| Rank | Town | Median Price | Median PSF | $1M+ Sales |
|---|---|---|---|---|
| 1 | Bukit Timah | $920,000 | $822 | 1 |
| 2 | Central Area | $885,000 | $874 | 8 |
| 3 | Bishan | $850,000 | $751 | 9 |
| 4 | Queenstown | $830,000 | $954 | 21 |
| 5 | Bukit Merah | $762,000 | $810 | 22 |
| 6 | Pasir Ris | $728,000 | $537 | 2 |
| 7 | Tampines | $728,000 | $623 | 8 |
| 8 | Toa Payoh | $725,000 | $703 | 21 |
| 9 | Punggol | $680,000 | $697 | 3 |
| 10 | Serangoon | $673,000 | $659 | 0 |
| 11 | Clementi | $659,444 | $746 | 14 |
| 12 | Sengkang | $651,000 | $630 | 1 |
| 13 | Kallang/Whampoa | $641,500 | $694 | 10 |
| 14 | Hougang | $636,500 | $610 | 8 |
| 15 | Marine Parade | $631,500 | $713 | 2 |
| 16 | Bukit Batok | $620,000 | $645 | 0 |
| 17 | Woodlands | $600,000 | $529 | 3 |
| 18 | Bukit Panjang | $582,500 | $544 | 0 |
| 19 | Sembawang | $582,500 | $634 | 0 |
| 20 | Choa Chu Kang | $567,500 | $506 | 0 |
| 21 | Bedok | $565,000 | $582 | 12 |
| 22 | Jurong West | $551,500 | $514 | 0 |
| 23 | Geylang | $548,888 | $600 | 4 |
| 24 | Ang Mo Kio | $530,000 | $581 | 13 |
| 25 | Jurong East | $530,000 | $546 | 2 |
| 26 | Yishun | $514,444 | $559 | 2 |
| Rank | Town | YTD Median Price | YTD Median PSF | YTD $1M+ Sales |
|---|---|---|---|---|
| 1 | Bukit Timah | $968,000 | $838 | 10 |
| 2 | Bishan | $840,444 | $735 | 31 |
| 3 | Queenstown | $830,000 | $970 | 97 |
| 4 | Central Area | $780,000 | $833 | 24 |
| 5 | Bukit Merah | $769,000 | $770 | 93 |
| 6 | Kallang/Whampoa | $764,000 | $742 | 54 |
| 7 | Toa Payoh | $732,500 | $701 | 108 |
| 8 | Pasir Ris | $726,500 | $559 | 8 |
| 9 | Tampines | $720,444 | $621 | 37 |
| 10 | Punggol | $670,000 | $699 | 9 |
| 11 | Serangoon | $660,000 | $653 | 17 |
| 12 | Sengkang | $655,000 | $636 | 9 |
| 13 | Bukit Batok | $630,000 | $650 | 4 |
| 14 | Hougang | $628,000 | $603 | 16 |
| 15 | Geylang | $620,000 | $633 | 23 |
| 16 | Clementi | $610,000 | $637 | 41 |
| 17 | Bukit Panjang | $609,444 | $566 | 1 |
| 18 | Sembawang | $600,000 | $617 | 0 |
| 19 | Choa Chu Kang | $589,000 | $515 | 0 |
| 20 | Woodlands | $585,000 | $525 | 19 |
| 21 | Jurong West | $560,000 | $517 | 0 |
| 22 | Bedok | $550,000 | $587 | 26 |
| 23 | Marine Parade | $550,000 | $675 | 4 |
| 24 | Ang Mo Kio | $548,500 | $588 | 69 |
| 25 | Yishun | $538,000 | $569 | 4 |
| 26 | Jurong East | $523,500 | $547 | 10 |
Affordable HDB Towns Near MRT
Updated using the latest available resale data for May 2026, based on transactions within 500m of MRT stations.
Figures may vary by flat type, floor level, remaining lease, project age, and exact location.
HDB Towns Showing Stronger Pricing Momentum
Updated using the latest available resale trends for May 2026, based on median PSF movement and transaction activity across different towns.
Explore HDB Resale Prices By Town
Compare recent HDB resale prices, PSF trends, million-dollar activity, and transaction records across Singapore towns.
Showing town-level resale transaction counts for May 2026.
Last updated: 2 June 2026
In May 2026, the HDB resale market recorded 2,139 transactions, with activity 10.1% higher compared with April 2026.
Tampines led by transaction count, while Central Area stood out at the upper end of the resale market. Central Area recorded the highest resale deal, after a 5 Room flat transacted for $1,630,000.
At the market median, resale prices came in at $630,000, with median PSF at around $605 after a +0.3% month-on-month movement. High-value resale activity continued, with 714 million-dollar HDB transactions recorded year to date.