HDB resale prices up 0.5% MoM in October

A total of 1,965 HDB resales were transacted last month.

HDB resale prices saw a 0.5% increase month-on-month (MoM) in October and a 10.8% growth compared to the same period last year, according to a report by 99.co and SRX.

Mature prices rose by 1.3% MoM, whilst prices of non-mature estates were unchanged. Year-on-year, mature and non-mature estate prices increased by 10.4% and 11.1%, respectively.

In terms of room types, four-room prices jumped the most by 0.7%, followed by three-room which was up by 0.4%. Five-room prices remained the same and executive prices were down 1%.

Prices for all room types logged an increase compared to the same period last year, with five-room properties posting the highest growth by 11.6%, followed by the executive (11.1%), three-room (10.7%), and four-room (10.6%).

Meanwhile, HDB resale transacted during the month was down 24.1% MoM to 1,965, 41%.9% of which were four-room, 26.1% were five-room, 23.7% were three-room, and 6.8% were executive, with the remaining from other room types. A total of 57.7% of the volume were non-mature estates, whilst 42.3% was from mature estates.

The transactions were also 21.6% lower than in October 2021.

The highest transacted for a resale flat was priced at $1.38m by a five-room DBSS unit at The Peak @ Toa Payoh, whilst, the highest transaction for non-mature estates was at $1.078m by an executive apartment unit at Yishun Avenue 4.

A total of 40 transactions worth at least $1m in October, down from 45 units in September. Million-dollar flats sold comprised 2% of the total resale volumes during the month.

Follow the link s for more news on

99.co

SRX

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia