HDB Resale Prices Continue Rising for the 21st Straight Month, Increase by 0.7% in March 2022 | Singapore Property News

HDB Resale Prices Continue Rising for the 21st Straight Month, Increase by 0.7% in March 2022

07 Apr 2022
Property Data
  1. HDB resale prices increase 0.7% in March 2022 compared to February 2022. Mature and Non-Mature Estates prices increase by 0.5% and 0.9% respectively, as compared to February 2022. In terms of room types, 3 Room, 4 Room and Executive prices increase by 1.4%, 0.7% and 0.6% respectively. Meanwhile, 5 Room prices decrease by 0.1%.
 HDB Resale Price Index Mar 2022
HDB Resale Price Index by Property Type Mar 2022
HDB Median Resale Price Mar 2022
       According to the SRX Property Price Index for HDB Resale:
  • Year-on-year, the overall price increase is 12.0%.
  • Year-on-year, prices for all room types increaseover March 2021: 3 Room by 12.6%, 4 Room by 12.1%, 5 Room by 11.3% and Executive by 12.8%.
  • Mature and Non-Mature Estates prices increase by 9.7% and 13.7% respectively from a year ago.
HDB Mature and Non Mature Estates Resale Price Index Mar 2022  Part 1
HDB Mature and Non Mature Estates Resale Price Index Mar 2022  Part 2
  1. 2,269 HDB resale transactions in March 2022, representing a 19.2% increase from February 2022.
  • Year-on-year, resale volume in March 2022 is 7.3% lower than the previous year.
  • Breaking down by room types, in March 2022, 42.4% of the volume came from HDB 4 Room, 24.6% from 5 Room, 24.1% from 3 Room and 7.4% from Executive. The rest are from 1 Room, 2 Room and Multi-Generation.
  • Breaking down by estates, 56.2% of the resale volume in March 2022 come from Non-Mature Estates. The remaining 43.8% in the month are from Mature Estates.
HDB Resale Volume Mar 2022
HDB Resale Volume Breakdown by Room Type Mar 2022

 HDB Resale Volume Breakdown by Estates Mar 2022

  1. The highest transacted price for a resale flat in the month is achieved at $1,388,888 by a 5 Room unit at Pinnacle @ Duxton, followed by another 5 Room unit at Pinnacle @ Duxton resold for $1,348,888 and a 5 Room DBSS unit at Natura Loft resold for $1,270,000.
  • In Non-Mature Estates, the highest transacted price is achieved at $950,000 by an Executive Apartment unit at Woodlands Street 81, followed by an Executive Maisonette unit at Hougang Street 21 resold for $928,000 and a 5 Room unit at Bukit Batok West Avenue 6 resold for $900,000.
HDB Million Dollar Resale Flats Transacted in the Month Mar 2022

 

  1. In March 2022, there are 27 HDB resale flats transacted for at least $1,000,000,representing a decrease from February 2022 in which 29 such units were transacted.
HDB Million Dollar Resale Flats Statistics Mar 2022
  • The number of million-dollar flats sold comprises 1.2% of the total resale volume in the month.
  • Seven of the million-dollar flats sold in the month come from Toa Payoh, followed by both Central Area and Bishan with four units each. The rest of the million-dollar flats come from Queenstown, Kallang/Whampoa, Clementi, Bukit Merah, Serangoon, Bukit Timah and Ang Mo Kio.

HDB Monthly Volume of MIllion Dollar Resale Flats by Town Mar 2022
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