HDB resale prices up 9.8% YoY in February

Resale prices inched up 0.9% MoM.

HDB resale prices rose 9.8% year-on-year (YoY) in February, SRX and 99.co reported.

Prices for 3-room flats increased the most at 11.4%, followed by 4-room (9.5%), 5-room (9.2%), and Executive flats (7.7%). Mature Estate prices climbed 10%, whilst Non-Mature Estates saw a 9.4% rise.

Month-on-month, resale prices inched up 0.9%, with increases in 3-room (2.2%), 5-room (1%), and Executive (3.1%) flats. However, 4-room flats saw a slight dip of 0.2%.

Meanwhile, resale transactions fell 9.7% from January to 2,104 units. Sales were also 1.4% lower compared to February 2024.

Of total transactions, 58.5% were in Non-Mature Estates, while 41.5% were in Mature Estates. By flat type, 3-room flats made up 26.8% of sales, 4-room flats 42.9%, 5-room flats 23.8%, and Executive flats 6.5%.

The most expensive resale transaction was a 5-room flat at Lorong 1A Toa Payoh, which sold for $1.558m. The priciest deal in Non-Mature Estates was an Executive flat at Yishun Street 81 for $1.100m.

Toa Payoh and Bukit Merah led in million-dollar sales with 21 transactions each, followed by Queenstown and Kallang/Whampoa with 14.

Other high-value sales were recorded across Clementi, Ang Mo Kio, Tampines, Serangoon, Bishan, Geylang, Bedok, Pasir Ris, Hougang, Jurong East, Marine Parade, the Central Area, Bukit Timah, Yishun, Bukit Panjang, and Bukit Batok.