Announcement: Starting from January 2023 (for December 2022 reports onwards), 99-SRX will be changing the schedule for the following reports:
As government agencies such as HDB and URA have improved in its transparency and timelines in making property transactions public, 99-SRX will also follow their lead in using only publicly-available transactions for our reports. This also ensures transparency and reproducibility by parties seeking to clarify 99-SRX's indexes.
Hence, there will also be differences in all reports index values due to a shift to official data sources:
HDB Resale
i. Agency transactions will no longer be used in Price and Index calculations starting from January 2023.
NLP Resale
i. Non-caveated transactions will no longer be used in Volume, Price and Index calculations starting from December 2022's NLP Resale report. Only caveated transactions will be used.
Rental
i. Agency transactions will no longer be used in Volume, Price and Index calculations starting from December 2022's NLP and HDB Rental report.
ii. Base index shift from January 2009 to January 2015.
These changes do not affect the broad price trends observed in earlier reports. If you wish to retrieve the previous indexes, send an email to [email protected]
CCR = Core Central Region
RCR = Rest of Central Region
OCR = Outside Central Region
HDB resale prices remained stable in June 2026. HDB resale prices in Mature Estates increased by 0.6%, while Non-Mature Estates decreased by 0.3%. By room type, prices for 3-room flats and 5-room flats increased by 0.3% and 0.6%, respectively, while 4-room and Executive flats decreased by 0.4% and 0.8%, respectively.
Year-on-year, the overall price remained stable compared to June 2025.
Year-on-year, resale prices for 3-room flats decreased by 1.1%, while 4-room flats remained stable, and 5-room and Executive flats increased by 0.8% and 0.1%, respectively.
Prices in Mature Estates increased by 0.6%, while Non-Mature Estates decreased by 0.5% compared to June 2025.
A total of 2,137 HDB resale flats were transacted in June 2026, representing a 0.1% decrease from May 2026.
Year-on-year, resale volume in June 2026 was 6.1% lower.
Breaking it down by room type, 24.7% of HDB resale volume in June 2026 came from 3-room flats, 44.7% from 4-room flats, 24.1% from 5-room flats, and 6.4% from Executive flats.
Breaking it down by estate, 56.8% of the resale volume in June 2026 came from Non-Mature Estates. The remaining 43.2% were from Mature Estates.
The highest transacted price for a resale flat for the month was S$1,650,000 for a 5-room flat at Skyterrace @ Dawson.
In Non-Mature Estates, the highest transacted price was S$1,275,000 for an Executive flat in Hougang Central.
In June 2026, 188 HDB resale flats were transacted for at least S$1,000,000, an increase from 166 units recorded in May 2026.
The number of million-dollar flats sold* comprised 8.8% of the total resale volume for the month.
Bukit Merah and Toa Payoh each recorded 28 million-dollar flats, followed by Queenstown with 23 units.
The remaining million-dollar flat transactions originated from Kallang/Whampoa, Clementi, Ang Mo Kio, Tampines, Bishan, Bedok, Geylang, Central Area, Hougang, Bukit Timah, Punggol, Serangoon, Bukit Panjang, Pasir Ris, Woodlands, Sengkang, Jurong East, Bukit Batok, and Yishun.
*Sold units are based on the resale registration date. Registered resale applications are generally representative of completed resale transactions.
In May 2026, condo resale prices in CCR, and OCR increased by 3.7% and 1.6%, respectively, while RCR decreased by 0.7%.
According to the SRX Price Index for Condo Resale:
Month-on-month, overall prices increased by 1.3%.
Year-on-year, overall prices increased by 3.7% compared to May 2025.
Year-on-year, CCR, RCR, and OCR experienced price increases of 3.8%, 3.2%, and 4.6%, respectively.
An estimated 989 units were resold in May 2026, a decrease of 8.9% from the 1,086 units resold in April 2026.
Resale volumes were 0.7% higher than in May 2025 and 15.4% lower compared to the 5-year average for May.
By region, in May 2026, 47.6% of transactions were from OCR, 32.3% from RCR, and 20.1% from CCR.
The percentage of sub-sale transactions among the total secondary sale transactions (i.e., Resale + Sub-Sale) was 5.7% in May 2026, an increase from April 2026.
Sub-sale transactions refer to secondary sale transactions occurring before the project is completed.
The highest transacted price for a resale unit in May was S$19,280,000 for a unit at Reflections At Keppel Bay.
In CCR, the highest transacted price was S$15,600,000 for a resale unit at Nassim Park Residences.
In OCR, the highest transaction was for a unit at Thomson Grove, which was resold at S$4,138,000.
The overall median capital gain for resale condos was S$419,000 in May 2026, an increase of S$9,000 from April 2026.
District 10 (Tanglin / Holland / Bukit Timah) posted the highest median capital gain at S$1,020,000. District 4 (Sentosa / HarbourFront) posted the lowest median capital gain at S$210,000.
The overall median unlevered return for resale condos was 30.8% in May 2026.
District 16 (Bedok / Upper East Coast) posted the highest median unlevered return at 49.3%. District 2 (Chinatown / Tanjong Pagar) posted the lowest median unlevered return at 7.2%.
Capital gains and returns are calculated by comparing each current transacted price with the previous transacted price of the same unit. Districts with fewer than 10 matching transactions are excluded from the ranking.
A. Condo Rental Market
B. HDB Rental Market
| Date | Value | % Change |
|---|
On the Friday of the first full work week for each month, SRX releases the Singapore Real Estate Exchange Property Index (SPI) as a public service to the community.
SPI differs from other Singapore indices in four distinct ways:
For more information, please refer to the SPI White Paper.
The information contained in this document is the proprietary and exclusive property of StreeSine Singapore Pte. Ltd. (""SSPL"") except as otherwise indicated. The information contained herein is for informational purposes only and is not intended to replace any professional advice. The views expressed are entirely those of the authors.
Whilst the information is intended to be accurate and current, SSPL is not responsible for any errors or omissions in this document. SSPL may vary, withdraw or amend any information presented herein at any time without notice.
To the fullest extent permitted by law, in no event shall StreetSine, its officers and employees, affiliates, subsidiaries, successors and assigns be liable for any damages or costs, including without limitation any indirect, consequential, special, incidental, or punitive damages arising out of, based on, or resulting from your reliance on or use of the information herein.
No part of this document may be reproduced except as authorised by written permission. The copyright and the foregoing restriction extend to reproduction in all media.
©StreetSine Singapore Pte. Ltd.. All rights reserved.
Singapore Real Estate Exchange Property Index, SPI, Singapore Real Estate Exchange and SRX are trade names of SSPL.