HDB resale prices in Singapore experienced a minor decline of 0.1% in March 2026, according to the latest report by 99.co and SRX. Despite this dip, transaction volumes rebounded with a 22.9% increase from February 2026, totalling 2,053 flats sold. This marks a 7.4% rise compared to the same period last year.
The report highlights that prices in Mature Estates rose by 0.3%, whilst Non-Mature Estates saw a 0.2% increase. By room type, 3-room, 5-room, and Executive flats saw price increases of 0.4%, 1.1%, and 1.8%, respectively. However, 4-room flats experienced a 0.7% decrease in prices. Year-on-year, overall prices have grown by 1.4%, with Executive flats leading the increase at 3.9%.
Luqman Hakim, Chief Data & Analytics Officer at 99.co, noted the resilience in the market, stating, “The increase in transaction volumes is a positive sign, indicating a rebound in buyer activity.”
The month also saw 145 flats transacted for at least S$1m, up from 122 in February. These high-value transactions accounted for 7.1% of the total resale volume. The highest recorded sale was a 5-room flat at Tiong Bahru View, fetching S$1.648m.
Looking ahead, the continued interest in million-dollar flats and the steady price growth in certain segments suggest a robust market, despite the slight overall price dip. The data underscores the dynamic nature of Singapore’s HDB resale market, with potential implications for future pricing trends and buyer behaviour.
