Singapore HDB resale prices inch up 0.4% in Q3

This is the fourth consecutive quarter of slower price growth.

Data from the Housing and Development Board (HDB) showed that resale flat prices climbed by 0.4% QOQ in Q3 2025, easing from the 0.9% QOQ increase in the previous quarter. 

According to PropNex, this marks the fourth straight quarter of slower growth in the HDB resale price index. 

Here’s more from PropNex:

In the first nine months of 2025 (9M 2025), the HDB resale prices have risen by 2.9% - much slower than the 6.9% increase during the same period in 2024. The final print is unchanged from the flash estimates announced on 1 October.

There were 7,221 HDB flats resold in Q3 2025, representing a 1.7% QOQ increase from the 7,102 resale flats transacted in the previous quarter. When compared with Q3 2024, the resale volume was down by 11.3% from 8,142 flats a year ago. The Q3 2025’s sales took the total HDB resale volume to 20,913 flats in 9M 2025.