Singapore HDB resale prices up 0.9% in Q2

This is the third consecutive quarter of softer price growth.

Flash estimates released by the Housing and Development Board (HDB) showed that resale flat prices inched up by 0.9% QOQ in Q2 2025, slowing from the 1.6% QOQ increase posted in Q1 2025. 

PropNex analysts noted that this marks the third straight quarter of softer price growth, and at 0.9% QOQ it is also the smallest price increase in 20 quarters since resale prices inched up by 0.3% QOQ in Q2 2020. Cumulatively, the HDB resale price index has climbed by 2.5% in 1H 2025, slowing from the 4.2% increase in 1H 2024.

“According to the HDB, there were 6,981 HDB flats resold in Q2 2025 (till 29 June), up by nearly 6% from the 6,590 resale flats transacted in the previous quarter. On a YOY basis, the HDB resale volume was 5% lower than the 7,352 units sold in Q2 2024,” PropNex added.