HDB resale prices in Singapore experienced a modest increase of 0.2% in November 2025, according to the latest 99-SRX Media Flash Report. This slight rise follows a softer October, with year-on-year prices up by 3%. The report highlights a significant rebound in transaction volumes, with 1,674 flats sold, marking a 24.3% increase from the previous month.
The report, attributed to Luqman Hakim, Chief Data & Analytics Officer at 99.co, indicates that the market’s resilience is evident despite higher interest rates and policy adjustments. Demand remains strong, particularly for well-renovated units and those near transport nodes or schools. “This steady annual growth is consistent with broader market resilience,” Hakim noted.
Breaking down the figures, prices for 3-room, 4-room, and Executive flats saw increases of 0.3%, 0.7%, and 1.3%, respectively, whilst 5-room flats experienced a 0.6% decrease. Year-on-year, all room types recorded price gains, with Executive flats leading at 6.9%.
The report also reveals a robust market for million-dollar transactions, with 120 such flats sold in November, up from 87 in October. This increase reflects both the volume recovery and sustained demand for high-quality units. Notably, Bukit Merah recorded the highest number of million-dollar sales, followed by Toa Payoh and Queenstown.
Looking ahead, the continued demand for well-located and high-quality flats suggests a stable outlook for the HDB resale market, even amidst economic uncertainties.
