HDB resale prices dip for third straight quarter, even after lifting of 15-month wait-out period
Early estimates released on Oct 1 showed that HDB resale prices fell by 0.2 percent.
Singapore Housing Board resale flat prices declined for the third consecutive quarter in early 2026, despite the suspension of a cooling measure previously imposed on private property downgraders, according to early estimates. The decline amounted to 0.2 percent, followed by drops of 0.1 percent in the first quarter and 0.3 percent in the second quarter.
This was the first decrease in resale prices in nearly seven years. The number of resale flat transactions also increased by 5.2 percent, with 7,528 transactions in the third quarter, up from 7,157 units in the same period last year. HDB, however, has not witnessed a significant rise in the prices or the number of resale flats purchased by downgraders since the cooling measure was lifted on July 28.
National Development Minister Chee Hong Tat lifted the 15-month wait-out period in order to address improved market conditions and moderate HDB resale prices. Despite this, HDB has stated that the macroeconomic outlook remains highly uncertain, recommending households to exercise caution when purchasing property and taking out mortgage loans.
The government has promised to closely monitor the property market and make necessary adjustments to ensure a stable and sustainable housing market. In November, HDB plans to launch approximately 7,960 new flats in Bedok, Geylang, Sembawang, Tengah, Toa Payoh, and Yishun, including assisted living flats known as community care apartments equipped with senior-friendly fittings and health services.
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