HDB resale prices inch up 0.6% in September

Transaction volume fell 10.9%, despite a record million-dollar flat sale.

HDB resale prices increased 0.6% month on month in September, according to flash estimates from 99-SRX.

The resale price index rose to 208.9 from 207.6 in August. Despite the monthly increase, overall prices were 0.4% lower than in September 2025.

Prices in mature estates grew 1.4% from August, whilst those in non-mature estates edged up 0.1%.

Five-room flats were the only housing category to record monthly price growth, increasing 1.7%.

Prices declined 0.1% for three-room flats, 0.4% for four-room flats and 0.2% for executive flats.

Compared with a year earlier, prices in mature estates increased 0.6%, whilst prices in non-mature estates fell 1.2%.

A total of 2,248 resale flats were transacted during September, representing a 10.9% decline from August. Resale volume was nevertheless 2.8% higher than a year earlier.

Four-room flats accounted for the largest share of transactions at 44%, followed by five-room flats at 26.1%, three-room flats at 20.6% and executive flats at 9.3%.

Non-mature estates contributed 54.5% of the month’s transactions, whilst mature estates accounted for the remaining 45.5%.

Meanwhile, 209 flats were sold for at least $1m, a new monthly record and an increase from the 201 transactions recorded in August.

Million-dollar flats accounted for 9.3% of total resale volume.

Toa Payoh registered 33 such transactions, followed by Queenstown with 28 and Bedok with 20.

The highest-priced transaction during the month was $1.72m for a five-room flat at The Pinnacle@Duxton.

Amongst non-mature estates, the highest price was $1.292m for an executive flat at Hougang Street 21.

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