HDB resale prices and transaction volumes experienced a decline in August 2025, according to the latest 99-SRX Media Flash Report. Prices decreased by 0.1% from July, with Mature Estates and Non-Mature Estates seeing reductions of 0.3% and 0.1%, respectively. Despite this, year-on-year prices have risen by 6%, indicating sustained demand for resale flats.
The report highlights a 14.3% drop in resale transactions from July, with 2,211 flats sold in August. This decline is partly attributed to seasonal factors, such as the Hungry Ghost Festival, which often sees a slowdown in property deals. Luqman Hakim, Chief Data & Analytics Officer at 99.co, noted that the market might be taking a “short breather” after a strong performance in July.
In terms of room types, 3-room flats saw a 0.1% price decrease, whilst 5-room and Executive flats increased by 0.8% and 0.2%, respectively. The highest transacted price for the month was S$1,600,000 ($___) for an Executive flat at The Pinnacle@Duxton.
August also recorded 141 million-dollar flat transactions, a decrease from 169 in July. These high-value sales accounted for 6.4% of the total resale volume, with Bukit Merah leading the count at 25 units. Other significant areas included Toa Payoh and Clementi, with 22 and 15 units, respectively.
The report suggests that whilst short-term fluctuations are evident, the overall trend remains positive, with year-on-year growth across all room types and estate categories.
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