HDB resale prices down by 0.1% in Q3, more units sold after lifting of cooling measure

In the third quarter of 2026, Housing Board resale flat prices experienced a slight decrease, according to data released by HDB on Oct 23. The prices fell by 0.1% in the quarter, marking the first drop in nearly seven years. This decline came after a 0.1% dip in the first quarter and a 0.3% decrease in the second quarter. During this period, 7,645 transactions took place, representing a 19.5% increase from the 6,396 units sold in the previous quarter and a 5.9% rise compared to the same quarter in 2025.

Despite the cooling measure on private property downgraders being lifted on July 28, HDB has not observed a substantial surge in the number of resale flats purchased by these individuals. This observation was made by HDB on Oct 23, stating that the market conditions had improved and HDB resale prices had moderated significantly since the 15-month wait-out period was introduced in September 2022 to curb demand from cash-rich private home owners looking to buy resale HDB flats.

National Development Minister Chee Hong Tat clarified that the decision to ease the rules was made as market conditions had improved and HDB resale prices had stabilized. HDB has advised households to exercise caution when purchasing property and taking out mortgage loans, as the macroeconomic outlook remains highly uncertain. The government has pledged to closely monitor the property market and adjust policies as necessary to maintain a stable and sustainable property market.

In November, HDB plans to release approximately 7,960 new flats in Bedok, Geylang, Sembawang, Tengah, Toa Payoh, and Yishun. Among these new units, assisted living flats, also known as community care apartments, will be offered in Toa Payoh. These flats will feature senior-friendly fittings, such as wheelchair-accessible bathrooms, and provide additional health and community services.