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 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
Latest HDB Resale Prices by Town
Compare HDB resale prices by town using the latest monthly resale data for June 2026,
with a year-to-date view for broader market context.
| Rank | Town | Median Price | Median PSF | $1M+ Sales |
|---|---|---|---|---|
| 1 | Central Area | $1,500,000 | $1,437 | 1 |
| 2 | Kallang/Whampoa | $988,000 | $1,005 | 6 |
| 3 | Bukit Merah | $962,500 | $975 | 5 |
| 4 | Toa Payoh | $928,000 | $1,004 | 7 |
| 5 | Bukit Timah | $925,000 | $699 | 0 |
| 6 | Clementi | $874,044 | $734 | 5 |
| 7 | Queenstown | $847,500 | $1,065 | 6 |
| 8 | Bishan | $750,000 | $774 | 3 |
| 9 | Pasir Ris | $702,500 | $547 | 1 |
| 10 | Punggol | $657,500 | $718 | 1 |
| 11 | Serangoon | $654,000 | $646 | 0 |
| 12 | Sengkang | $644,444 | $607 | 0 |
| 13 | Woodlands | $627,000 | $530 | 0 |
| 14 | Tampines | $608,888 | $619 | 1 |
| 15 | Jurong West | $600,000 | $507 | 0 |
| 16 | Choa Chu Kang | $587,500 | $569 | 0 |
| 17 | Sembawang | $578,000 | $582 | 0 |
| 18 | Jurong East | $575,000 | $555 | 1 |
| 19 | Bukit Panjang | $556,500 | $585 | 0 |
| 20 | Hougang | $548,000 | $609 | 0 |
| 21 | Bukit Batok | $520,000 | $547 | 0 |
| 22 | Yishun | $495,000 | $582 | 0 |
| 23 | Ang Mo Kio | $490,000 | $565 | 2 |
| 24 | Bedok | $467,500 | $578 | 0 |
| 25 | Geylang | $340,000 | $536 | 0 |
| Rank | Town | Median Price | Median PSF | $1M+ Sales |
|---|---|---|---|---|
| 1 | Bukit Timah | $965,500 | $830 | 10 |
| 2 | Bishan | $839,999 | $735 | 34 |
| 3 | Queenstown | $830,000 | $971 | 103 |
| 4 | Kallang/Whampoa | $780,000 | $752 | 60 |
| 5 | Central Area | $780,000 | $842 | 25 |
| 6 | Bukit Merah | $770,000 | $779 | 98 |
| 7 | Toa Payoh | $745,000 | $706 | 115 |
| 8 | Pasir Ris | $722,944 | $559 | 9 |
| 9 | Tampines | $720,000 | $621 | 38 |
| 10 | Punggol | $670,000 | $699 | 10 |
| 11 | Serangoon | $660,000 | $653 | 17 |
| 12 | Sengkang | $655,000 | $634 | 9 |
| 13 | Clementi | $629,944 | $639 | 46 |
| 14 | Hougang | $625,000 | $603 | 16 |
| 15 | Bukit Batok | $621,500 | $648 | 4 |
| 16 | Geylang | $620,000 | $629 | 23 |
| 17 | Bukit Panjang | $605,000 | $566 | 1 |
| 18 | Sembawang | $600,000 | $617 | 0 |
| 19 | Choa Chu Kang | $589,000 | $516 | 0 |
| 20 | Woodlands | $587,000 | $525 | 19 |
| 21 | Jurong West | $560,000 | $517 | 0 |
| 22 | Marine Parade | $550,000 | $675 | 4 |
| 23 | Bedok | $548,000 | $586 | 26 |
| 24 | Ang Mo Kio | $540,000 | $588 | 71 |
| 25 | Yishun | $535,000 | $569 | 4 |
| 26 | Jurong East | $526,000 | $547 | 11 |
June 2026 HDB Resale Records
In June 2026, 1 new town record, 1 matched town record and 2 near-record transactions were recorded across Choa Chu Kang, Pasir Ris, Queenstown. 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 4 and 7 months before being reached or exceeded. A further 2 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.
$433,000
+$7,000 (+1.62%)
7 months
1
$540,000
Matched Record
4 months
$1,700,000
-$50,000 (-2.94%)
4 months
June 2026 Million-Dollar HDB Transactions
The latest 12 HDB resale transactions shown below crossed the million-dollar mark, out of 39 million-dollar transactions recorded in June 2026.
These million-dollar transactions were spread across Toa Payoh, Kallang/Whampoa, Queenstown 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 10 transactions, or 25.6% of June 2026’s million-dollar transactions.
The highest transaction in the latest displayed batch was $1,650,000 for a 5 Room HDB flat in Queenstown. 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 June 2026 So Far
Based on resale data recorded so far for June 2026, 8 HDB towns are currently highlighted in the trend watch. Punggol recorded the highest transaction volume so far with 34 resale transactions, while Punggol recorded the highest median resale price at $718 PSF. As the figures reflect only the first 6 days of June 2026, transaction activity should not be compared directly with the full month of May 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 resale data recorded so far for June 2026. As the figures reflect only the first 6 days of June 2026, transaction activity should not be compared directly with the full month of May 2026.
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 Jun 26.
Jun 26:
23 sales
Jun 26:
16 sales
Jun 26:
9 sales
Jun 26:
22 sales
Jun 26:
12 sales
Jun 26:
16 sales
Jun 26:
1 sale
Jun 26:
1 sale
Jun 26:
22 sales
Jun 26:
12 sales
Jun 26:
7 sales
Jun 26:
29 sales
Jun 26:
15 sales
Jun 26:
23 sales
Jun 26:
15 sales
Jun 26:
14 sales
Jun 26:
34 sales
Jun 26:
18 sales
Jun 26:
11 sales
Jun 26:
24 sales
Jun 26:
4 sales
Jun 26:
23 sales
Jun 26:
19 sales
Jun 26:
33 sales
Jun 26:
27 sales
June 2026 has recorded 430 HDB resale transactions so far. Activity is currently 79.9% lower than May 2026, although the latest figures reflect only the first 6 days of June.
Punggol recorded the highest transaction volume, making it the most active town in the latest data. At the premium end of the market, Queenstown recorded the highest resale transaction at $1,650,000 for a 5 Room flat.
The market median resale price was $603,500, while median PSF was approximately $604, 0.2% lower than May 2026 and suggesting broadly stable resale pricing. Million-dollar activity remained significant, with 39 transactions recorded in June 2026 and 753 recorded year to date.