HDB resale prices in Singapore have experienced a slight decline for the first time in nearly seven years, according to Realion (OrangeTee & ETC) Research’s Q1 2026 report. The report, covering January to March 2026, indicates a marginal decrease of 0.1% in resale prices, with significant drops in 1-room, 5-room, and executive flats.
The report highlights that 20 towns recorded price changes of less than 2%, with only six towns seeing increases above this threshold. Notably, Clementi, Marina Parade, Bukit Timah, and Bishan experienced the most significant declines, ranging from 4.4% to 6.9%.
Despite the overall price dip, demand for premium flats remains robust. The number of resale flats sold for at least $800,000 (S$800,000) increased to 1,364 units in Q1 2026, up from 1,047 units in the previous quarter. Additionally, million-dollar flat transactions reached a record high for the first quarter, rising from 350 units in Q4 2025 to 412 units.
Realion anticipates a modest price growth of 2% to 4% for the entire year of 2026, citing macroeconomic uncertainties as a factor in the restrained price escalation. The report suggests that the increased supply of resale flats and competition from new Build-To-Order (BTO) flats are influencing the market dynamics.
In conclusion, whilst HDB resale prices have dipped slightly, the demand for premium flats remains strong, indicating a resilient market despite broader economic uncertainties.
