In the third quarter of 2026, HDB resale prices edged down by 0.1% even as resale transaction volumes rose nearly 20%. Meanwhile, private home prices gained momentum, climbing 1.4% amid a slowdown in new home sales.
- HDB resale prices fell 0.1% despite a 19.5% jump in transactions
- Private home prices rose 1.4%, the strongest quarterly gain in almost two years
- A record number of HDB flats sold for $1 million or more in Q3
What happened
In Q3 2026, HDB resale flat prices decreased by a marginal 0.1%, marking the third straight quarter of price declines. At the same time, the volume of resale transactions increased by 19.5%, reaching 7,645 transactions—the highest quarterly volume since Q3 2024. This rise in activity highlights steady buyer interest in the resale market, particularly for flats priced in line with buyers’ needs and budgets.
Private home prices experienced a notable rise of 1.4% during the quarter, significantly accelerating from a 0.5% gain in Q2. Landed properties led this growth with a 2.9% price increase. However, the number of private home transactions fell 16.3%, partly due to a sharp drop in new private home sales by developers, which declined 44.7% from the prior quarter.
Why it feels good
The increase in HDB resale transactions alongside stable prices suggests that the market is adjusting in a balanced way, providing opportunities for buyers to find flats that meet their financial and lifestyle needs. Additionally, expanding resale stock as more flats become eligible for sale is expected to ease pressure on prices over time.
For private property owners, the continued rise in prices, especially in the landed segment, reflects sustained demand for higher-end homes. At the same time, recent policy changes have enabled some movement back into the HDB resale market, diversifying housing options for Singaporeans and helping to moderate price pressures.
What to enjoy or watch next
Looking ahead, the upcoming Build-to-Order (BTO) exercise is set to introduce nearly 8,000 new HDB flats, which will complement the growing resale supply of flats that have met their minimum occupation periods. This steady supply, combined with the raised income eligibility for BTO flats, should support a well-functioning public housing market.
In the private sector, monitoring the sales momentum and price trends will be important as new project launches are currently subdued. Buyers and sellers alike may find fresh opportunities as the market balances supply, demand, and price dynamics across different housing segments.