HDB Resale Prices Increase by 13.6% in 2021, Rising for Eighteenth Straight Month 2021 Volumes 24.6% Higher than 2020, Despite 6.1% Drop in December 2021 | Singapore Property News

HDB Resale Prices Increase by 13.6% in 2021, Rising for Eighteenth Straight Month 2021 Volumes 24.6% Higher than 2020, Despite 6.1% Drop in December 2021

06 Jan 2022
Property Data
  1. HDB resale prices increase 0.8% in December 2021 compared to November 2021. Mature and Non-Mature Estates prices increase by 1.0% and 0.6% respectively, as compared to November 2021. In terms of room types, 3 Room, 4 Room, 5 Room and Executive prices increase by 0.7%, 0.9%, 1.1% and 1.4% respectively.

 HDB Resale Price Index Dec 2021

HDB Resale Price Index by Property Type Dec 2021

HDB Median Resale Price Dec 2021

       According to the SRX Property Price Index for HDB Resale:

  • Year-on-year, the overall price increase is 13.6%.
  • Year-on-year, prices for all room types increased in December 2021: 3 Room by 15.8%, 4 Room by 12.9%, 5 Room by 13.9% and Executive by 13.8%.
  • Mature and Non-Mature Estates prices increase by 12.6% and 14.3% respectively from a year ago.
HDB Resale Mature and Non Mature Estates Dec 2021  Part 1
HDB Resale Mature and Non Mature Estates Dec 2021  Part 2
  1. 2,429 HDB resale transactions in December 2021, representing a 6.1% decrease from November 2021.
  • The total resale volume in the year is 29,182, which is an increase of 24.6% from 2020.
  • Year-on-year, resale volume in December 2021 is 2.4% lower than the previous year.
  • Breaking down by room types, in December 2021, 43.4% of the volume came from HDB 4 Room, 25.7% from 5 Room, 22.1% from 3 Room and 7.3% from Executive. The rest are from 2 Room and Multi-Generation.
 HDB Resale Volume Dec 2021
  1. The highest transacted price for a resale flat in the month is achieved at $1,360,000 by a 5 Room DBSS unit at Natura Loft. This is also the highest transacted price ever for a resale flat.
    • In Non-Mature Estates, the highest transacted price is achieved at $925,000 by an Executive Apartment unit at Toh Guan Road.
 HDB Million Dollar Resale Flats Statistics Dec 2021
  1. In December 2021, there are 38 HDB resale flats transacted for at least $1,000,000,representing an increase from November 2021 in which 29 such units were transacted.
  • This is the highest number of million-dollar flats ever sold in a month, surpassing the record high that was achieved in the previous month.
  • The number of million-dollar flats sold comprises 1.6% of the total resale volume in the month.
  • For the whole of 2021, a total of 261 HDB flats have been transacted for more than a million dollars so far, which is a 218.3% increase from the 82 million-dollar flats sold in the previous year.

HDB Million Dollar Resale Flats Transacted in the Month Dec 2021
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