Singapore HDB resale prices hit record highs in September

Resale prices increased 13.8% y-o-y.

According to data from 99.co and SRX, Singapore’s HDB resale prices inched up 0.9% in September 2021 compared to August 2021, surpassing the previous peak in April 2013 by 0.8%.

This translates to an overall price increase of 13.8%. 

Mature and Non-Mature Estates prices increased by 0.6% and 1.1% respectively, as compared to August 2021. In terms of room types, 3 Room, 4 Room, 5 Room and Executive prices increased by 1.0%, 0.9%, 0.5% and 1.3% respectively.

Meanwhile, HDB resale transactions declined 8.4% month-on-month to 2,518 in September 2021. Transaction volumes mostly came from HDB 4 Room (42.6%), 5 Room (26.6%), 3 Room (21.4%), and Executive (7.6%). The rest are from 1Room, 2 Room and Multi-Generation.

 “The highest transacted price for a resale flat in the month is achieved at $1,295,000 by a 5 Room DBSS unit at Natura Loft. In Non-Mature Estates, the highest transacted price is achieved at $910,000 by an Executive Apartment unit at Hougang Street 31,” adds 99.co and SRX.