HDB resale prices in Singapore experienced a 0.3% increase in May 2026, reversing the previous month’s decline, according to the latest report by 99.co and SRX. The resale volume also saw a significant rebound, rising by 10.1% to 2,139 flats, although it remained 6.3% below the figures from May 2025.
The report highlights that the price increase was driven by 5-room and Executive flats, which saw rises of 0.9% and 1.0%, respectively. In contrast, 3-room flats experienced a slight decrease of 0.3%. The overall price index reached 208.9, reflecting a year-on-year growth of 0.2%.
Luqman Hakim, Chief Data & Analytics Officer at 99.co, noted that the market’s range-bound nature is due to supply catching up with demand. An estimated 13,500 flats are reaching their five-year Minimum Occupation Period (MOP) in 2026, nearly double the number from 2025, which is helping to temper price growth.
In the high-end segment, the number of million-dollar flats transacted rose to 166, up from 138 in April. These transactions accounted for 7.8% of the total resale volume. Bukit Merah led the way with 22 million-dollar flats, followed by Toa Payoh and Queenstown, each with 21.
The highest recorded transaction for the month was a 5-room flat at The Pinnacle@Duxton, sold for S$1.63m. In Non-Mature Estates, the highest price was S$1.232m for an Executive flat in Hougang Street 21. As the market continues to adjust, the balance between supply and demand will be crucial in shaping future trends.
