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 July 2026,
with a year-to-date view for broader market context.
| Rank | Town | Median Price | Median PSF | $1M+ Sales |
|---|---|---|---|---|
| 1 | Bukit Timah | $1,122,500 | $885 | 3 |
| 2 | Marine Parade | $968,888 | $750 | 5 |
| 3 | Toa Payoh | $859,000 | $810 | 23 |
| 4 | Queenstown | $854,000 | $1,068 | 28 |
| 5 | Bukit Merah | $850,000 | $739 | 15 |
| 6 | Bishan | $784,000 | $700 | 6 |
| 7 | Pasir Ris | $721,944 | $559 | 0 |
| 8 | Tampines | $717,000 | $613 | 7 |
| 9 | Serangoon | $715,000 | $678 | 6 |
| 10 | Clementi | $705,444 | $727 | 6 |
| 11 | Punggol | $675,000 | $695 | 3 |
| 12 | Hougang | $650,000 | $602 | 5 |
| 13 | Kallang/Whampoa | $649,000 | $689 | 10 |
| 14 | Sengkang | $638,444 | $627 | 1 |
| 15 | Bukit Panjang | $615,000 | $586 | 0 |
| 16 | Central Area | $610,000 | $945 | 3 |
| 17 | Woodlands | $610,000 | $516 | 3 |
| 18 | Bukit Batok | $610,000 | $609 | 1 |
| 19 | Sembawang | $591,500 | $568 | 0 |
| 20 | Choa Chu Kang | $589,000 | $509 | 0 |
| 21 | Bedok | $569,000 | $573 | 7 |
| 22 | Jurong West | $555,000 | $495 | 0 |
| 23 | Yishun | $538,000 | $559 | 3 |
| 24 | Ang Mo Kio | $528,444 | $610 | 15 |
| 25 | Geylang | $498,444 | $589 | 3 |
| 26 | Jurong East | $480,000 | $540 | 0 |
| Rank | Town | Median Price | Median PSF | $1M+ Sales |
|---|---|---|---|---|
| 1 | Bukit Timah | $995,000 | $832 | 18 |
| 2 | Bishan | $838,000 | $735 | 46 |
| 3 | Queenstown | $831,444 | $1,003 | 148 |
| 4 | Bukit Merah | $783,000 | $785 | 136 |
| 5 | Toa Payoh | $780,000 | $724 | 159 |
| 6 | Central Area | $780,000 | $858 | 33 |
| 7 | Kallang/Whampoa | $750,000 | $739 | 84 |
| 8 | Pasir Ris | $720,000 | $560 | 10 |
| 9 | Tampines | $720,000 | $619 | 54 |
| 10 | Serangoon | $670,000 | $653 | 26 |
| 11 | Punggol | $670,000 | $697 | 15 |
| 12 | Sengkang | $652,000 | $631 | 12 |
| 13 | Clementi | $635,000 | $642 | 58 |
| 14 | Hougang | $628,000 | $603 | 26 |
| 15 | Bukit Batok | $623,444 | $639 | 6 |
| 16 | Bukit Panjang | $610,000 | $566 | 3 |
| 17 | Marine Parade | $600,000 | $691 | 9 |
| 18 | Sembawang | $595,000 | $611 | 0 |
| 19 | Woodlands | $590,000 | $524 | 24 |
| 20 | Choa Chu Kang | $590,000 | $517 | 0 |
| 21 | Geylang | $588,000 | $622 | 33 |
| 22 | Jurong West | $560,000 | $515 | 0 |
| 23 | Bedok | $550,000 | $587 | 42 |
| 24 | Yishun | $537,000 | $567 | 8 |
| 25 | Ang Mo Kio | $528,444 | $588 | 94 |
| 26 | Jurong East | $523,500 | $547 | 11 |
July 2026 HDB Resale Records
In July 2026, 11 new town records, 1 matched town record and 14 near-record transactions were recorded across Ang Mo Kio, Bedok, Bishan, Bukit Batok, Bukit Panjang, Bukit Timah, Geylang, Hougang, Kallang/Whampoa, Pasir Ris, Punggol, Queenstown, Sembawang, Sengkang, Serangoon, Tampines, Toa Payoh, 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 29 months before being reached or exceeded. A further 14 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.
$1,280,000
+$20,000 (+1.56%)
1 month
$1,268,000
+$2,000 (+0.16%)
15 months
2
$1,170,000
+$20,000 (+1.71%)
3 months
2
$1,088,000
+$12,000 (+1.10%)
12 months
7
$1,068,000
Matched Record
10 months
3
$885,000
+$10,000 (+1.13%)
9 months
2
$848,000
+$47,000 (+5.54%)
2 months
1
$870,000
+$2,000 (+0.23%)
2 months
2
$695,000
+$1,000 (+0.14%)
5 months
$625,000
+$5,000 (+0.80%)
8 months
1
$558,888
+$4,000 (+0.72%)
4 months
$800,000
Matched Record
3 months
$1,550,000
-$29,000 (-1.87%)
9 months
$1,200,000
-$10,000 (-0.83%)
28 months
$872,500
-$17,500 (-2.01%)
1 month
$868,000
-$20,000 (-2.30%)
29 months
2
$668,000
-$8,000 (-1.20%)
17 months
$660,000
-$7,000 (-1.06%)
3 months
$360,000
-$10,000 (-2.78%)
12 months
July 2026 Million-Dollar HDB Transactions
The latest 12 HDB resale transactions shown below crossed the million-dollar mark, out of 153 million-dollar transactions recorded in July 2026.
These million-dollar transactions were spread across Tampines, Sengkang, Kallang/Whampoa and other towns, suggesting that high-value resale activity was not limited to a single town. Executive flats appeared most often in the latest displayed batch, accounting for 5 transactions, or 3.3% of July 2026’s million-dollar transactions.
The highest transaction in the latest displayed batch was $1,410,000 for a Executive HDB flat in Bishan. 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 July 2026
Based on the latest resale data for July 2026, 8 HDB towns are currently highlighted in the trend watch. Tampines recorded the highest transaction volume with 183 resale transactions, while Queenstown recorded the highest median resale price at $1,068 PSF. 7 towns showed higher transaction activity, while 5 towns recorded positive median PSF movement versus Jun 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 July 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 Jul 26.
Jul 26:
62 sales
Jul 26:
112 sales
Jul 26:
30 sales
Jul 26:
137 sales
Jul 26:
72 sales
Jul 26:
79 sales
Jul 26:
4 sales
Jul 26:
7 sales
Jul 26:
88 sales
Jul 26:
36 sales
Jul 26:
48 sales
Jul 26:
100 sales
Jul 26:
37 sales
Jul 26:
113 sales
Jul 26:
62 sales
Jul 26:
11 sales
Jul 26:
76 sales
Jul 26:
139 sales
Jul 26:
80 sales
Jul 26:
58 sales
Jul 26:
160 sales
Jul 26:
37 sales
Jul 26:
183 sales
Jul 26:
64 sales
Jul 26:
157 sales
Jul 26:
131 sales
July 2026 recorded 2,083 HDB resale transactions, with activity 2.4% lower than June 2026.
Tampines recorded the highest transaction volume, making it the most active town in the latest data. At the premium end of the market, Bishan recorded the highest resale transaction at $1,580,000 for a 5 Room flat.
The market median resale price was $630,000, while median PSF was approximately $596, 1.5% lower than June 2026 and suggesting broadly stable resale pricing. Million-dollar activity remained significant, with 153 transactions recorded in July 2026 and 1,055 recorded year to date.