HDB Resale Prices Continue Rising for Eight Straight Month in February 2021 on Lower Volumes, 23 Flats Transacted for More than One Million Dollars. | Singapore Property News

HDB Resale Prices Continue Rising for Eight Straight Month in February 2021 on Lower Volumes, 23 Flats Transacted for More than One Million Dollars.

04 Mar 2021
Property Data
1. HDB resale price increases 1.4% in February 2021 compared to January 2021. Mature and Non-Mature Estates prices increase 1.7% and 1.1% respectively, as compared to January 2021. In terms of room types, 3 Room, 4 Room, 5 Room and Executive prices increase by 1.7%, 0.9%, 2.3% and 0.8% respectively.

hdb resale price index 2021 february

hdb resale price index by property type 2021 february

According to the SRX Property Price Index for HDB Resale:
  • Year-on-year, the overall price increase is 8.3%.
  • Year-on-year, prices for all room types increase in February 2021: 3 Room by 8.3%, 4 Room by 8.0%, 5 Room by 8.1% and Executive by 5.2%.
  • Mature and Non-Mature Estates prices increase by 6.2% and 9.7% respectively from a year ago.
  • February 2021 prices are 5.7% lower than the peak in April 2013.
hdb mature and non mature estate price index 2021 february

hdb mature and non mature estate price index2 2021 february

2. 2,165 HDB resale transactions in February 2021, representing a 13.4% decrease from January 2021.

hdb resale volume 2021 february
  • Year-on-year, resale volume in February 2021 is 29.8% higher than the previous year.
  • Breaking down by room types, in February 2021, 40.7% of the volume comes from HDB 4 Room, 28.6% from 5 Room, 21.6% from 3 Room and 7.5% from Executive. The rest are from 2 Room and Multi-Gen.
3. The highest transacted price for a resale flat in the month is achieved at $1,210,000 by an Executive Maisonette unit at Toh Yi Drive; In Non-Mature Estates, the highest transacted price is achieved at $890,000 by an Executive Premium Maisonette unit at Choa Chu Kang Street 64.
 
4. In February 2021, there are 23 HDB resale flats transacted for at least $1,000,000,representing an increase from January 2021 in which 13 such units were transacted.

hdb million dollar resale flat 2021 february
  • This is the record-high number of million-dollar flats transacted in a month.
  • In the first two months of 2021, a total of 36 HDB flats have been transacted for more than a million dollars so far, reflecting an increase of 350% when compared to eight such units during the same period last year.
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