HDB Resale Prices Continue to Surge in January 2023; Volumes Rebound by 14.9% | Singapore Property News

HDB Resale Prices Continue to Surge in January 2023; Volumes Rebound by 14.9%

09 Feb 2023
Property Data
  1. HDB resale prices increase by 1.4% in January 2023 compared to December 2022. Mature Estates and Non-Mature Estates prices increase by 1.6% and 1.4% respectively, as compared to December 2022. In terms of room types, 3 Room prices increase by 1.1%, 4 Room prices rise by 2.3%, 5 Room prices increase by 0.5% and Executive prices increase by 0.6%.
 HDB Resale Price Indices Jan 2023

HDB Resale Price Indices By Property Type Jan 2023
       HDB Median Resale Price Jan 2023
  
       According to the SRX Property Price Index for HDB Resale:
  • Year-on-year, the overall price increase is 8.7% from January 2022.
  • Year-on-year, prices for all room types increaseover January 2022: 3 Room by 8.9%, 4 Room by 9.4%, 5 Room by 8.6% and Executive by 8.4%.
  • Mature and Non-Mature Estates prices increase by 8.0% and 9.1% respectively from a year ago.
HDB Resale Mature and Non Mature Price Indices Jan 2023  Part 1
HDB Resale Mature and Non Mature Price Indices Jan 2023  Part 2
  1. 2,575 HDB resale flats are transacted in January 2023, representing a 14.9% increase from December 2022.
  • Year-on-year, resale volumes in January 2023 are 5.4% higher than the previous year.
  • Breaking it down by room type, in January 2023, 43.1% of the volumes come from HDB 4 Room, 27.2% from 3 Room, 23.7% from 5 Room and 6.0% from Executive.
  • Breaking it down by estate, 59.1% of the resale volumes in January 2023 come from Non-Mature Estates. The remaining 40.9% in the month are from Mature Estates.
 HDB Resale Volume Jan 2023
HDB Resale Volume Breakdown Jan 2023
HDB Resale Volume Breakdown By Estates Jan 2023
  1. The highest transacted price for a resale flat in the month is achieved at $1,340,000 by a 5-Room unit at The Pinnacle @ Duxton.
    • In Non-Mature Estates, the highest transacted price is achieved at $1,220,000 by a Premium Apartment Loft at Punggol Sapphire.
 HDB Million Dollar Resale Flats Transacted in the Month Jan 2023
  1. In January 2023, there are 40 HDB resale flats transacted for at least $1,000,000, representing an increase from December 2022 which recorded 28 such units.
  • The number of million-dollar flats sold comprise 1.6% of the total resale volumes in the month.
  • Ang Mo Kio and Central Area record five million-dollar flats sold in the month respectively, followed by Kallang/Whampoa, Bishan, Toa Payoh, Clementi and Queenstown with four units each while Serangoon records three units.
  • The rest of the million-dollar flats come from Bukit Merah, Woodlands, Punggol, Yishun, Bedok and Bukit Timah.

HDB Resale Million Dollar Resale Flats Volume Jan 2023

HDB Resale Million Dollar Resale Flats Volume By Town Jan 2023
 
Footnote:
 
We have changed our HDB Resale data source to be using only official transactions from HDB. Previously, agency transactions and official transactions were used to supplement the data used to compute the index. The indexes have been retrospectively re-computed and changed to reflect the new data source.
Please email [email protected] to if you wish to get the historical HDB resale indexes prior to this change.
 
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