HDB resale prices in Singapore remained stable in February 2026, despite a significant drop in transaction volumes. According to the latest report by 99.co and SRX, 1,670 flats were transacted, marking a 29% decrease from January. This decline coincides with the Chinese New Year and Ramadan, traditionally quieter periods for property transactions.
The report highlights that the overall resale prices saw a modest 1.5% year-on-year increase. Prices in Mature Estates rose by 0.3%, whilst Non-Mature Estates experienced a 0.5% decrease. By room type, 3-room, 5-room, and Executive flats saw price declines of 0.8%, 0.4%, and 0.4% respectively, whereas 4-room flats increased by 0.4%.
Luqman Hakim, Chief Data & Analytics Officer at 99.co, noted, “The drop in volume is not entirely unexpected,” attributing it to seasonal factors and recent Build-To-Order (BTO) exercises drawing demand away from the resale market.
The highest transacted price for a resale flat in February was S$1.7m for a 5-room unit at Skyterrace @ Dawson. In Non-Mature Estates, the top price was S$1.47m for a 5-room flat in Punggol Drive. Additionally, 122 flats were sold for at least S$1m, comprising 7.3% of the total resale volume.
Despite the volume drop, the stability in prices suggests that underlying demand remains robust, albeit temporarily paused due to seasonal influences. As the year progresses, market watchers will be keen to see if this trend continues or if volumes rebound.
