Tracking HDB resale price trends in Singapore is an essential part of understanding the property landscape. Resale prices refer to the amount paid for an existing HDB flat sold on the open market, rather than a new unit directly from HDB.
The market saw a surge post-pandemic, with record-high prices in some popular estates due to low supply and high demand. Executive flats and 5-room units typically fetch higher prices, especially if well-renovated or located on high floors.
HDB releases official resale price statistics quarterly, and you can check recent transactions by block and town using the HDB website’s Resale Flat website Prices portal. Many buyers use these resources to compare asking prices and determine fair value before making an offer.
It’s important for buyers to keep up with announcements as they can influence both demand and price movement.
All in all, understanding HDB resale price movements will help you make better decisions in Singapore’s ever-changing housing market.