, Singapore

Singapore HDB resale prices hit record highs in September

Resale prices increased 13.8% y-o-y.

According to data from 99.co and SRX, Singapore’s HDB resale prices inched up 0.9% in September 2021 compared to August 2021, surpassing the previous peak in April 2013 by 0.8%.

This translates to an overall price increase of 13.8%. 

Mature and Non-Mature Estates prices increased by 0.6% and 1.1% respectively, as compared to August 2021. In terms of room types, 3 Room, 4 Room, 5 Room and Executive prices increased by 1.0%, 0.9%, 0.5% and 1.3% respectively.

Meanwhile, HDB resale transactions declined 8.4% month-on-month to 2,518 in September 2021. Transaction volumes mostly came from HDB 4 Room (42.6%), 5 Room (26.6%), 3 Room (21.4%), and Executive (7.6%). The rest are from 1Room, 2 Room and Multi-Generation.

 “The highest transacted price for a resale flat in the month is achieved at $1,295,000 by a 5 Room DBSS unit at Natura Loft. In Non-Mature Estates, the highest transacted price is achieved at $910,000 by an Executive Apartment unit at Hougang Street 31,” adds 99.co and SRX. 

 

Follow the links for more news on

Join Real Estate Asia community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!