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HDB resale prices increase by 0.4% in August 2022 compared to July 2022. Mature and Non-Mature Estates prices increase by 0.8% and 0.2% respectively, as compared to July 2022. In terms of room types, 3 Room and 5 Room prices increase by 0.5% each, 4 Room prices rise by 0.8% while Executive prices rise by 0.7%.
According to the SRX Property Price Index for HDB Resale:
- Year-on-year, the overall price increase is 10.8%
- Year-on-year, prices for all room types increaseover August 2021: 3 Room by 11.4%, 4 Room by 11.2%, 5 Room by 10.7% and Executive by 12.8%.
- Mature and Non-Mature Estates prices increase by 10% and 11.4% respectively from a year ago.
- 2,323 HDB resale flats transacted in August 2022, representing a 1.7% decrease from July 2022.
- Year-on-year, resale volume in August 2022 is 15.5% lower than the previous year.
- Breaking it down by room type, in August 2022, 41.2 % of the volume come from HDB 4 Room, 24.9% from 5 Room, 24.7% from 3 Room and 7.1% from Executive. The rest are from other room types.
- Breaking it down by estate, 58% of the resale volume in August 2022 come from Non-Mature Estates. The remaining 42% in the month are from Mature Estates.
- The highest transacted price for a resale flat in the month is achieved at $1,350,000 by a 5 Room DBSS unit at The Peak @ Toa Payoh.
- In Non-Mature Estates, the highest transacted price is achieved at $1,020,000 by an Executive Apartment unit at Woodlands Avenue 1.
- In August 2022, there are 33 HDB resale flats transacted for at least $1,000,000, which is the same number as July 2022.
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The number of million-dollar flats sold comprise 1.4% of the total resale volume in the month.
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Toa Payoh records eight million-dollar flats sold in the month, followed by Bukit Merah with seven units while Queenstown records six units. The rest of the million-dollar flats come from Central Area, Kallang/Whampoa, Bishan, Woodlands, Marine Parade, Clementi and Serangoon.
