HDB resale prices fell 0.1% in the third quarter of 2026, marking their third consecutive quarterly decline. But buying activity picked up, with resale transactions rising 19.5% from the previous quarter.
Private home prices, meanwhile, rose 1.4%, accelerating from the 0.5% increase in the second quarter, figures released on Friday (23 October) showed.
More HDB Flats Changed Hands
There were 7,645 HDB resale transactions in the third quarter, up from 6,396 in the second quarter.
The price decline was smaller than the earlier flash estimate of 0.2%. It followed falls of 0.1% in the first quarter and 0.3% in the second quarter.
Even with the overall dip, million-dollar flat sales reached a new quarterly record.
ERA’s analysis of public transaction data found that 596 resale flats sold for at least S$1 million, compared with 490 in the previous quarter. These deals accounted for about 7.8% of all HDB resale transactions, CNA reported.
HDB said it had not observed a significant increase in the prices or number of flats bought by private property owners and former owners since the 15-month wait-out period was removed in July.
Landed Home Prices Rose 2.9%
In the private market, landed home prices increased 2.9%, while non-landed home prices rose 1%.
For non-landed properties, prices in the Outside Central Region rose 2.3%. The Core Central Region recorded a 0.3% increase, while prices in the Rest of Central Region were unchanged.
Developers sold 1,183 new private homes, excluding executive condominiums (ECs), down from 2,141 in the previous quarter. They also launched fewer units for sale: 1,140, compared with 1,783 previously.
More Housing Supply Ahead
HDB plans to launch about 7,960 Build-to-Order (BTO) flats in November, across Bedok, Geylang, Sembawang, Tengah, Toa Payoh and Yishun.
The monthly household income ceiling for eligible families buying new subsidised HDB flats was raised from S$14,000 to S$16,000 for those applying for an HDB Flat Eligibility letter from 24 August.
In the private market, 3,559 homes, including ECs, were completed during the third quarter, up from 1,212 previously.
URA said about 32,800 units, including ECs, could become available for sale over the next one to two years. It also urged households to be prudent when buying property and taking out mortgages, citing uncertainty over the economy and interest rates.
