For anyone considering buying or selling a flat, HDB resale price is an essential part of understanding the property landscape. Factors influencing resale prices include location (mature vs non-mature estates), flat size (3-room, 4-room, etc.), renovation quality, and proximity to MRT or schools.
Recent data shows that resale prices are at or near all-time highs in mature areas like Bishan, Queenstown, and Toa Payoh, while newer towns remain more affordable. Prime locations, high-floor units, or homes with unblocked views often command read more premium prices.
HDB releases official resale price statistics quarterly, and you can check recent transactions by block and town using the HDB website’s Resale Flat Prices portal. Many buyers use these resources to compare asking prices and determine fair value before making an offer.
Government policies—such as cooling measures, loan limits (MSR/TDSR), or changes in CPF usage—can impact how much buyers are willing or able to pay for resale flats.
All in all, understanding HDB resale price movements will help you make better decisions in Singapore’s ever-changing housing market.