Understanding Singapore HDB Resale Prices in 2025
Singapore HDB resale prices displayed a balanced trend in 2025. The overall growth rate moderated, offering a different picture compared to earlier periods. This adjustment suggests a market finding its equilibrium.
The year 2025 saw the lowest annual price growth in the HDB resale market since 2019. Price appreciation slowed to 2.9 percent. This is a significant change from the 9.7 percent increase recorded in 2024. The final quarter of 2025 showed almost no change in overall resale prices.
Analysing the HDB Market Forecast Singapore
The HDB market forecast Singapore indicates that while general price growth has slowed, certain segments remain robust. This includes the category of million-dollar HDB flats. These properties continued to command higher prices, setting new benchmarks even as the wider market stabilised.
Million-dollar HDB flats saw their average price increase to S$1.14 million in 2025, up from S$1.12 million in 2024. This segment’s resilience contrasts with the general sentiment. The consistent demand for these premium flats remains a key factor in the overall HDB market forecast Singapore.
Examining the HDB Resale Value Trend and Supply
The moderation in the HDB resale value trend is partly due to a steady supply of new flats. The Housing & Development Board’s Build-To-Order (BTO) and Sale of Balance Flats programmes have consistently released units into the market. This increased availability helps to balance demand and temper price increases in the resale sector.
The slowdown in price growth has been observed for five consecutive quarters since the third quarter of 2024. For the first time since 2019, more than half of Singapore’s towns experienced a quarterly price reduction across their HDB resale value trend. Some areas, like the central area, Ang Mo Kio, and Toa Payoh, saw notable price declines in the fourth quarter of 2025.
Despite these recent adjustments, it is important to view the broader context. Since the market’s low point in the second quarter of 2019, and after the circuit breaker period in April 2020, HDB resale prices have still experienced substantial appreciation. This indicates underlying strength over the longer term.
How ZaiDean Can Help With Singapore HDB Resale Prices
Understanding the nuances of Singapore HDB resale prices requires careful analysis. The market in 2025 showed a clear difference between overall cooling and specific segments, such as million-dollar flats, maintaining their value. If you are looking to buy or sell an HDB flat, or simply interested in how recent trends might affect your property plans, professional guidance is essential.
ZaiDean offers objective insights into market movements, including the latest HDB resale value trend. We can help you interpret current data and make informed decisions, whether you are monitoring your property’s value or considering a transaction. Our expertise provides a clear perspective on the HDB market, guiding you through its patterns with practical advice.