HDB resale prices dip 0.6% in October as sales volume slides

The highest-priced transaction for the month was a five-room flat at Boon Keng Road that sold for $1.55m.

HDB resale prices edged down in October 2025, whilst transaction volumes saw a significant decline, according to flash estimates from the Housing & Development Board.

The overall resale price index fell by 0.6% MoM to 208.4, down from 209.7 in September. Despite the monthly dip, prices remained 3.8% higher YoY.

By estate type, prices in mature estates declined 0.5% from the previous month, whilst non-mature estates saw a steeper drop of 0.9%. Year-on-year, mature and non-mature estates registered price increases of 4.0% and 3.4% respectively.

Performance also varied across flat types. Three-room and five-room flats recorded slight price increases of 0.3% MoM, whilst four-room flats saw a 1.3% decline. Executive flats were unchanged from the previous month.

Resale volumes fell sharply, with 1,347 transactions recorded in October—a 38.4% decline from September and 37.6% lower than a year ago. Of these, 55.9% took place in non-mature estates and 44.1% in mature ones.

By flat type, four-room flats made up the largest share at 45.2%, followed by three-room (26.6%), five-room (23.5%), and executive flats (4.6%).

The highest-priced transaction for the month was a five-room flat at Boon Keng Road that sold for $1.55m. In non-mature estates, the top sale was an executive flat in Woodlands Street 82, which transacted for $1.27m.

The number of million-dollar flat transactions more than halved, with 87 such deals recorded in October—down from 172 in September.

These accounted for 6.5% of all resale transactions. Toa Payoh led the count with 20 million-dollar sales, followed by Bukit Merah (13) and Kallang/Whampoa (11).

Other towns with at least one such transaction included Queenstown, Geylang, Ang Mo Kio, Bishan, Clementi, and several others.

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