HDB resale volumes down 5.1% in August

However, the million-dollar segment grew, with 201 HDB resale flats selling for at least $1m.

HDB resale activity eased in August, with 2,524 flats changing hands, down 5.1% from 2,660 transactions in July, according to data from 99.co and SRX.

Despite the month-on-month decline, August remained the second most active month in the past year.

The million-dollar segment continued to expand, with 201 HDB resale flats sold for at least $1m in August, setting a new all-time high. The figure surpassed the previous record of 188 million-dollar transactions recorded in June 2026.

Luqman Hakim, chief data and analytics officer at 99.co, said the increase followed the removal of the 15-month wait-out period in July, which may have encouraged more private property owners to enter the resale market.

He added that demand for well-located and premium flats is likely to remain resilient, particularly as buyers continue to prioritise larger homes in mature estates.

HDB resale prices edged up 0.1% in August.

Prices in Mature Estates increased 0.7%, whilst prices in Non-Mature Estates were unchanged.

By flat type, prices for 3-room flats fell 0.3%, whilst 4-room and Executive flats rose 0.2% and 2.8%, respectively. Prices for 5-room flats were unchanged.

Compared with August 2025, overall HDB resale prices declined 0.5%.

Prices for 3-room, 4-room, and 5-room flats fell 1.6%, 0.6%, and 0.6%, respectively, whilst Executive flat prices increased 1.7%.

Prices in Mature Estates declined 0.3% year on year, whilst prices in Non-Mature Estates fell 0.8%.

Resale volume in August was 14.1% higher than a year earlier.

By flat type, 4-room flats accounted for the largest share of transactions at 47%, followed by 5-room flats at 23.4%, 3-room flats at 22.7%, and Executive flats at 6.9%.

By location, 56.7% of resale transactions were in Non-Mature Estates, with the remaining 43.3% in Mature Estates.

The highest-priced resale flat transacted during the month was a 5-room flat at Tiong Bahru View, which sold for $1.69m.

In Non-Mature Estates, the highest-priced transaction was an Executive flat at Woodlands Street 81, which sold for S$1.25m.

Million-dollar flat transactions accounted for 8% of total resale volume in August.

Toa Payoh recorded the highest number of million-dollar resale transactions with 32, followed by Queenstown with 26 and Bukit Merah with 21.

Other estates that recorded million-dollar HDB resale transactions were Bishan, Hougang, Kallang/Whampoa, Bedok, Tampines, Geylang, Pasir Ris, Clementi, Central Area, Ang Mo Kio, Woodlands, Serangoon, Jurong East, Marine Parade, Sengkang, Bukit Timah, Bukit Panjang, and Bukit Batok.

You're the reader we write for. You're also the person our partners want to reach.

If that sentence describes you — a founder, a C-suite, someone whose attention companies pay good money for — then you already understand why SBR works. We've spent twenty years earning the trust of readers exactly like you. Which is exactly what makes this an interesting place for your company to show up, too.

The ways it can show up 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. The right fit depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If your company has something this audience should know about, we'd like to hear what you're working on.

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