HDB resale prices dip 0.1% in Q1

It was the first decline since Q2 2019.

HDB resale prices fell 0.1% in the first quarter of 2026, marking their first decline in nearly seven years.

The Housing & Development Board’s Resale Price Index fell to 203.4 in the fourth quarter of 2025, following five consecutive quarters of slower or no price growth.

Resale volume rose 19.6% QoQ to 6,285 transactions from 5,256 in the previous quarter. Compared with a year earlier, resale transactions were 4.6% lower than the 6,590 deals recorded in the first quarter of 2025.

In the rental market, approved applications to rent out HDB flats slipped 0.2% to 9,535 in the first quarter from 9,557 in the previous quarter. The figure was 1.3% lower than the 9,662 applications recorded a year earlier.

The number of HDB flats rented out stood at 58,698 at the end of the first quarter, down 0.1% from 58,775 in the previous quarter.

HDB said it will offer about 6,900 Build-To-Order flats in June 2026 across Ang Mo Kio, Bishan, Bukit Merah, Sembawang, and Woodlands.

It added that buyers should have a valid HDB Flat Eligibility letter when applying and exercise prudence when purchasing property and taking out mortgage loans amid a more uncertain macroeconomic outlook.

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