HDB resale prices up 6.0 % YoY in May

Prices also inched up by 0.3% MoM.

HDB resale prices increase by 0.3% MoM and 6.0% YoY in May 2024, data from 99.co and SRX showed.

According to the report, mature estates experienced a slight decline of 0.3% whilst non-mature states inched up by 1.1% YoY.

Year-on-year, prices for all room types have increased, with 3 Room by 5.3%, 4 Room by 6.4%, 5 Room by 6.7%, and Executive by 3.9%. Both Mature and Non-Mature Estates have also shown strong growth, increasing by 4.8% and 6.5% respectively.

May 2024 saw 2,513 HDB resale transactions, a 5.3% increase from April 2024.

Year-on-year, resale volume also grew by 11.2%. 4 Room units dominated transactions at 43.1%, followed by 3 Room (26.9%), 5 Room (22.8%), and Executive (7.2%). Non-mature estates accounted for 59.1% of transactions, whilst mature estates made up 40.9%.

Additionally, May 2024 saw 74 units sold for at least $1,000,000, up from 64 units in April 2024, comprising 2.9% of total resale volumes.

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