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.

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. 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