HDB Resale Price and Data Trends
Resale Price Index vs Resale 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 Q2 2026, HDB resale prices have grown by +51.5% since Q1 2017, while resale market activity has grown by +33.3%. The current growth gap is +18.2 pts, indicating that price growth has outpaced growth in resale market activity over the same period.
+51.5%
+33.3%
Q2 2026
Prices Outpacing Activity
Growth gap: +18.2 pts
Latest HDB Resale Prices by Town
Compare HDB resale prices by town using the latest monthly resale data for September 2026,
with a year-to-date view for broader market context.
| Rank | Town | Median Price | Median PSF | $1M+ Sales |
|---|---|---|---|---|
| 1 | Bukit Timah | $1,172,500 | $811 | 5 |
| 2 | Queenstown | $900,000 | $1,022 | 23 |
| 3 | Bishan | $880,000 | $743 | 12 |
| 4 | Toa Payoh | $876,500 | $879 | 32 |
| 5 | Kallang/Whampoa | $822,250 | $732 | 13 |
| 6 | Central Area | $806,500 | $773 | 5 |
| 7 | Bukit Merah | $780,000 | $736 | 13 |
| 8 | Tampines | $738,000 | $624 | 11 |
| 9 | Pasir Ris | $735,000 | $552 | 5 |
| 10 | Serangoon | $730,888 | $647 | 8 |
| 11 | Clementi | $720,000 | $631 | 9 |
| 12 | Hougang | $688,000 | $603 | 7 |
| 13 | Punggol | $688,000 | $704 | 4 |
| 14 | Bukit Batok | $660,444 | $623 | 1 |
| 15 | Sengkang | $651,500 | $605 | 2 |
| 16 | Bukit Panjang | $640,000 | $576 | 2 |
| 17 | Geylang | $635,000 | $640 | 2 |
| 18 | Sembawang | $615,000 | $561 | 0 |
| 19 | Jurong East | $578,500 | $542 | 0 |
| 20 | Choa Chu Kang | $578,000 | $511 | 0 |
| 21 | Woodlands | $565,000 | $523 | 2 |
| 22 | Jurong West | $556,000 | $507 | 0 |
| 23 | Bedok | $544,888 | $577 | 19 |
| 24 | Yishun | $535,000 | $560 | 3 |
| 25 | Marine Parade | $515,000 | $669 | 2 |
| 26 | Ang Mo Kio | $500,000 | $562 | 7 |
| Rank | Town | Median Price | Median PSF | $1M+ Sales |
|---|---|---|---|---|
| 1 | Bukit Timah | $1,000,000 | $834 | 24 |
| 2 | Bishan | $848,000 | $735 | 73 |
| 3 | Queenstown | $840,000 | $1,003 | 201 |
| 4 | Toa Payoh | $810,000 | $759 | 228 |
| 5 | Bukit Merah | $790,000 | $792 | 175 |
| 6 | Central Area | $780,000 | $818 | 47 |
| 7 | Kallang/Whampoa | $750,000 | $730 | 113 |
| 8 | Pasir Ris | $728,000 | $560 | 24 |
| 9 | Tampines | $720,000 | $621 | 78 |
| 10 | Serangoon | $673,000 | $652 | 38 |
| 11 | Punggol | $672,888 | $695 | 19 |
| 12 | Sengkang | $652,888 | $629 | 16 |
| 13 | Clementi | $635,000 | $633 | 77 |
| 14 | Hougang | $630,000 | $602 | 49 |
| 15 | Bukit Batok | $615,000 | $630 | 8 |
| 16 | Bukit Panjang | $615,000 | $567 | 7 |
| 17 | Geylang | $609,000 | $628 | 46 |
| 18 | Sembawang | $599,500 | $605 | 0 |
| 19 | Choa Chu Kang | $588,944 | $515 | 0 |
| 20 | Woodlands | $588,000 | $523 | 32 |
| 21 | Marine Parade | $580,000 | $686 | 13 |
| 22 | Jurong West | $560,000 | $513 | 0 |
| 23 | Bedok | $550,000 | $583 | 76 |
| 24 | Yishun | $538,000 | $564 | 11 |
| 25 | Jurong East | $522,000 | $549 | 13 |
| 26 | Ang Mo Kio | $520,000 | $582 | 109 |
September 2026 HDB Resale Records
In September 2026, 13 new town records, 4 matched town records and 9 near-record transactions were recorded across Ang Mo Kio, Bedok, Bishan, Bukit Batok, Bukit Timah, Central Area, Clementi, Geylang, Hougang, Jurong East, Kallang/Whampoa, Pasir Ris, Punggol, Queenstown, Sengkang, Tampines, Woodlands, Yishun. While these transactions are not necessarily representative of typical resale prices within their respective towns, they highlight activity at the upper end of the resale market.
The previous records had stood for between 1 and 30 months before being reached or exceeded. A further 9 near-record transactions were recorded during the same period. Together, these transactions provide insight into where resale price ceilings are being tested, matched, or surpassed.
$1,630,000
+$90,000 (+5.52%)
4 months
$1,580,000
+$10,000 (+0.63%)
1 month
$1,550,000
+$38,888 (+2.51%)
11 months
1
$1,450,000
+$8,888 (+0.61%)
1 month
$1,380,000
+$8,000 (+0.58%)
25 months
1
$1,170,000
+$218,000 (+18.63%)
17 months
1
$1,200,000
+$12,000 (+1.00%)
30 months
1
$1,128,888
+$51,112 (+4.53%)
6 months
1
$1,150,000
+$30,000 (+2.61%)
25 months
1
$638,000
+$2,000 (+0.31%)
14 months
5
$588,000
+$12,000 (+2.04%)
17 months
1
$380,000
+$138,000 (+36.32%)
10 months
$1,300,000
Matched Record
2 months
$1,110,000
Matched Record
1 month
$1,632,000
-$32,000 (-1.96%)
10 months
1
$1,260,000
-$15,000 (-1.19%)
6 months
$435,000
-$7,000 (-1.61%)
6 months
$370,000
-$9,000 (-2.43%)
12 months
2
September 2026 Million-Dollar HDB Transactions
The latest 12 HDB resale transactions shown below crossed the million-dollar mark, out of 187 million-dollar transactions recorded in September 2026.
These million-dollar transactions were spread across Toa Payoh, Tampines, Serangoon and other towns, suggesting that high-value resale activity was not limited to a single town. 4 Room flats appeared most often in the latest displayed batch, accounting for 5 transactions, or 2.7% of September 2026’s million-dollar transactions.
The highest transaction in the latest displayed batch was $1,388,000 for a 4 Room HDB flat in Central Area. Million-dollar transactions should not be treated as the market average, but they are useful signals for understanding the upper ceiling in selected towns and flat types.
Trending HDB Towns for September 2026
Based on the latest resale data for September 2026, 8 HDB towns are currently highlighted in the trend watch. Hougang recorded the highest transaction volume with 111 resale transactions, while Queenstown recorded the highest median resale price at $1,022 PSF. 1 town showed higher transaction activity, while 5 towns recorded positive median PSF movement versus Aug 2026.
Affordable HDB Towns Near MRT
Based on the latest available resale data for May 2026, covering transactions within 500m of MRT stations. Actual prices 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 September 2026, based on median PSF movement and transaction activity across different towns.
Explore HDB Resale Prices By Town
Compare HDB resale prices, PSF trends, million-dollar activity, and transaction records across Singapore towns. The latest town transaction counts below are based on resale activity in Sep 26.
Sep 26:
71 sales
Sep 26:
135 sales
Sep 26:
47 sales
Sep 26:
88 sales
Sep 26:
68 sales
Sep 26:
59 sales
Sep 26:
8 sales
Sep 26:
16 sales
Sep 26:
85 sales
Sep 26:
35 sales
Sep 26:
37 sales
Sep 26:
111 sales
Sep 26:
50 sales
Sep 26:
114 sales
Sep 26:
74 sales
Sep 26:
11 sales
Sep 26:
57 sales
Sep 26:
133 sales
Sep 26:
65 sales
Sep 26:
65 sales
Sep 26:
146 sales
Sep 26:
35 sales
Sep 26:
171 sales
Sep 26:
94 sales
Sep 26:
130 sales
Sep 26:
115 sales
September 2026 recorded 2,020 HDB resale transactions, with activity 19.9% lower than August 2026.
Tampines recorded the highest transaction volume, making it the most active town in the latest data. At the premium end of the market, Central Area recorded the highest resale transaction at $1,720,000 for a 5 Room flat.
The market median resale price was $650,000, while median PSF was approximately $597, 0.7% lower than August 2026 and suggesting broadly stable resale pricing. Million-dollar activity remained significant, with 187 transactions recorded in September 2026 and 1,477 recorded year to date.