HDB resale prices in Singapore experienced a slight decline of 0.6% in October 2025, according to the latest report by 99.co and SRX. The decrease was observed across both Mature Estates and Non-Mature Estates, with prices falling by 0.5% and 0.9%, respectively. However, on a year-on-year basis, prices have risen by 3.8%, indicating a resilient market despite fewer transactions.
The report highlighted that 1,347 HDB resale flats were transacted in October, marking a significant 38.4% drop from September 2025. Year-on-year, the transaction volume was down by 37.6%. The distribution of sales by room type showed that 26.6% were 3-room flats, 45.2% were 4-room, 23.5% were 5-room, and 4.6% were Executive flats. Non-Mature Estates accounted for 55.9% of the transactions.
The highest price recorded for a resale flat in October was $1,134,000 (S$1,550,000) for a 5-room flat at Boon Keng Road. In Non-Mature Estates, the top price was $928,000 (S$1.27m) for an Executive flat in Woodlands Street 82. Additionally, 87 flats were sold for at least $732,000 (S$1m), a decrease from the 172 such transactions in September. These million-dollar flats made up 6.5% of the total resale volume, with Toa Payoh leading the count at 20 units.
Luqman Hakim, Chief Data & Analytics Officer at 99.co, noted the resilience in prices despite the drop in transaction volumes. The data suggests that whilst fewer transactions occurred, the demand for higher-priced flats remains strong, particularly in specific estates.
