These HDB flats fetched the highest resale prices in Q1

Flats in Bishan were sold at an average price of S$744,557.

According to OrangeTee, resale volume in mature estates increased in Q1 2023. Based on HDB data from data.gov.sg, the number of resale flat transactions in mature estates rose by 8.9 per cent from 2,505 units in Q4 2022 to 2,729 units in Q1 2023.

Average prices fell marginally by 0.3 per cent from S$591,403 to S$589,919 over the same period.

Here’s more from OrangeTee:

The most popular mature estates with the highest transactions were Tampines (468 units), Bedok (363 units), Ang Mo Kio (274 units), Bukit Merah (237 units) and Kallang/Whampoa (205 units).

Flats in Bishan fetched the highest average price at S$744,557 in Q1 2023. Other flats in Tampines were transacted at an average price of S$574,890 while those in Bedok were S$504,209, Ang Mo Kio at S$532,544, Bukit Merah at S$678,861 and Kallang/Whampoa at S$608,100.

92 million-dollar flats were transacted in mature estates last quarter. Toa Payoh had the highest number of transactions (17 units), followed by Central Area (14 units), Queenstown (13 units), Bishan (9 units), and Bukit Merah (9 units). Last quarter’s priciest resale transaction was a 5-room flat at Pinnacle@Duxton sold for S$1.4 million.

Non-mature estates

For non-mature estates, resale transactions also increased last quarter by 3.5 per cent from 3,818 units in Q4 2022 to 3,953 units in Q1 2023. Average resale prices grew marginally by 0.3 per cent from S$536,778 to S$538,267 over the same period.

The non-mature estates with the most resale transactions were Woodlands (563 units), Punggol (551 units), Yishun (517 units), Sengkang (436 units) and Jurong West (381 units) in Q1 2023.

Last quarter, average resale prices increased in 6 out of 11 non-mature estates. The highest q-o-q increase was in Bukit Batok (7.9 per cent), followed by Jurong East (6.8 per cent), Sengkang (1.4 per cent), Choa Chu Kang (0.9 per cent) and Sembawang (0.9 per cent).

The average price of resale flats in Woodlands was S$526,091, followed by Punggol at S$571,075, Yishun at S$484,303, Sengkang at S$577,253, and Jurong West at S$506,697.

Eleven more million-dollar flats were sold in non-mature estates last quarter. Five were located in Woodlands, two each in Yishun and Jurong East, and one each in Hougang and Punggol.

Also Read

Bengaluru prime apartment sales down 31% in Q3

Here’s a rundown of Brisbane’s residential market performance in Q3

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit