For anyone considering buying or selling a flat, HDB resale price is closely watched by homeowners, buyers, and property agents. Resale prices refer to the amount paid for an existing HDB flat sold on the open market, rather than a new unit directly from HDB.
The market saw a surge post-pandemic, with record-high prices in some popular estates due to low supply and high demand. Prime locations, high-floor units, or homes with unblocked views often command premium prices.
HDB releases official resale price statistics quarterly, and you can check recent transactions by more info block and town using the HDB website’s Resale Flat Prices portal. Online tools provide estimated valuations and reports to help with negotiation or loan planning.
It’s important for buyers to keep up with announcements as they can influence both demand and price movement.
All in all, understanding HDB resale price movements will help you make better decisions in Singapore’s ever-changing housing market.