How will the HDB resale market perform in 2026?

Prices are expected to increase by at least 2%.

The surge in housing supply and possible policy changes are expected to trigger heightened pressure in the HDB resale market next year, according to OrangeTee.

In its latest “HDB Resale Market Outlook 2026" report, OrangeTee also said that macroeconomic factors like lower mortgage rates, steady household income and stable economic growth will boost resale flat demand.

“More pricey resale flat transactions are expected as many new flats in mature estates would be reaching their MOP [minimum occupation period],” the report read.

In early 2025, the resale market slowed down, with the decline becoming even more pronounced in the latter half of the year. The HDB resale price index showed that price growth decelerated from 2.6% in the fourth quarter of 2024 to 1.6% in the first quarter of 2025, then to 0.9% in the second quarter, and further down to 0.4% in the third quarter.

OrangeTee expects full-year price growth to reach 3% to 4.5%, which is lower than the 9.7% increase in 2024 and the 10.4% gains in 2022, reflecting a cooling demand for resale flats, as more buyers opted for Sale of Balance Flats (SBF) and Build-To-Order (BTO) flats.

For 2026, the real estate agency expects HDB resale prices to stabilise, with overall costs projected to rise modestly by 2% to 4% next year. This is similar to the 3% to 4.5% price growth in 2025.

“Slightly fewer flats could be transacted in the resale market as more buyers may be diverted to the Build- To-Order (BTO) market and Sale of Balance Flats (SBF),” OrangeTee said.

“Premium flat transactions are expected to rise further in 2026, as 60.4% of MOP flats are in mature estates, which typically command higher prices,” it also said.

When it comes to supply, MOP flats will more than double in 2026 when compared to the previous year. Older flats and those in less desirable locations will face stiffer competition from newer flats that are more attractively designed and completed within shorter periods. OrangeTee said.

The agency also expects the government to launch new flats in attractive locations, such as the Greater Southern Waterfront, Mount Pleasant and Bayshore.

“Nonetheless, the anticipated lower mortgage rates, healthy income growth and population expansion may boost demand,” OrangeTee said.

“Moreover, we expect an increase in premium flat transactions as more resale flats in mature estates will be reaching MOP in 2026. All these factors are expected to soften the market impact from the supply surge and help prevent significant price corrections,” it added.

Follow the link for more news on

HDB resale

If you've been wondering whether SBR could work for your company — yes, probably.

A lot of the companies we partner with started as readers. They'd been following our coverage for a while, saw their own customers and competitors in it, and eventually asked the obvious question: could we do something with you? The answer is usually yes. The shape of it depends on what you're trying to do.

The options are broader than most people assume — thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. Some partners use one channel; most use a mix. We figure out the right combination by starting with your brief, not with our rate card.

So if the question has been on your mind, here's the easy way to ask it.

We'll tell you honestly whether we can help, and how. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia