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Demand shifts away from the resale market amidst anticipated launches

5,500 BTO flats are expected to be rolled out across various towns.

Demand in the resale market is expected to dip further as buyers may be awaiting the upcoming BTO and Sale of Balance Flats (SBF) launches in July 2025, according to an analyst.

HDB is set to roll out 5,500 BTO flats across various towns – including Bukit Merah, Toa Payoh, Tampines, Clementi, and others – along with around 3,000 SBF units.

HDB resale volumes slipped slightly in June 2025, with 2,276 transactions recorded, a marginal 0.4% dip from May 2025.

“One likely factor is the June school holidays. This period often sees families going on vacation or prioritising family time, which may delay property viewings or decision-making. With many agents and buyers alike taking time off, activity in the market typically slows down during this time of year,” Luqman Hakim, Chief Data & Analytics Officer at 99.co, said.

Despite the slight dip, the market still appears resilient. Resale volume in June 2025 is 4.2% higher compared to June 2024, and prices have shown consistent year-on-year growth across all flat types and estate categories.

HDB resale prices increased by 0.1% in June 2025 compared to May 2025. HDB resale prices in Mature Estates remained the same, whilst Non-Mature Estates increased by 0.1%.

In terms of room types, 3-room prices and 5-room prices increased by 0.4% and 0.8%, respectively. While 4-room prices remained the same and Executive flats prices decreased by 2.7%.

The highest transacted price for a resale flat in the month was $1.66m for a 5-room flat at SkyTerrace @ Dawson. In Non-Mature Estates, the highest transacted price was $1.28m for an Executive flat at Hougang Ave 6.

In June 2025, there were 132 HDB resale flats transacted for at least S$1m, representing a decrease from May 2025, which recorded 143 such units.

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