Singapore 1Q 2026 HDB Market update

The first quarter of 2026 in Singapore's HDB resale market shows a nuanced picture shaped by several factors that residents and investors should note. After some downward shifts, resale prices have moderated, influenced heavily by the steady supply of new Build-To-Order (BTO) flats over the last four years. This influx has eased pressure on resale prices, leading to a subtle contraction in price growth ranging between -2% to 2%. Buyers are increasingly attracted to towns like Punggol, Sengkang, Tampines, Woodlands, and Yishun, which continue to top demand charts due to their amenities, connectivity, and new housing developments. It’s interesting to observe that these popular towns not only offer good living standards but also retain value, making them favorable for resale investments. Additionally, the resale transaction volume remains robust, fluctuating between 24,000 and 27,000 units, reflecting sustained interest despite market adjustments. Notably, million-dollar flat transactions have surged by 17.4% quarter-on-quarter, indicating a growing trend of premium resale flats in desirable neighborhoods. From personal experience and discussions with fellow homebuyers, the shorter waiting periods for some BTO flats—sometimes as brief as three years—make new launches very appealing against the backdrop of resale inventory. However, some opt for resale flats due to immediate availability or location preferences, underscoring a balanced market. For those considering entering the HDB resale market, monitoring the supply of new flats, transaction trends, and popular town developments will be crucial. Market watchers should also keep an eye on government policies like the Seller’s Stamp Duty (SSD) and other exercises impacting resale flat attractiveness and transaction volumes. This comprehensive understanding can help buyers make informed decisions in a dynamic market environment.