HDB resale prices in Singapore experienced a 0.6% decline in April 2026, according to the latest 99-SRX Media Flash Report. This slight dip reflects a market adjusting after a period of robust activity, with both buyers and sellers recalibrating their expectations. Despite the month-on-month decrease, year-on-year prices remained stable, indicating a short-term adjustment rather than a prolonged downturn.
The report highlights a 5.4% drop in resale volumes from March 2026, with 1,943 flats transacted. This represents a 15.9% decrease compared to April 2025. The decline in both price and volume is partly attributed to a cautious global economic outlook and an increase in Minimum Occupation Period (MOP) flats entering the market, adding to the supply.
Luqman Hakim, Chief Data & Analytics Officer at 99.co, noted that whilst the market is stabilising, exceptional flats continue to fetch premium prices. A national record was set with a 5-room flat at City Vue @ Henderson selling for S$1.728m. In Non-Mature Estates, the highest price was S$1.18m for an Executive flat in Woodlands.
April also saw 138 flats sold for at least S$1m, down from 145 in March. These transactions accounted for 7.1% of the total resale volume, with Queenstown leading the count of million-dollar flats at 21 units.
As the market adjusts, the data suggests that whilst overall activity may slow, demand for high-value properties remains strong.
