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HDB resale prices increase by 0.3 % in May 2023 compared to April 2023. Mature Estates and Non-Mature Estates prices increase by 0.7% and 0.3% respectively, as compared to April 2023. In terms of room types, 3 Room prices increase by 0.8%, 4 Room prices increase by 0.7%, Executive prices rise at 0.6% while 5 Room price decrease by 0.6%.
According to the SRX Property Price Index for HDB Resale:
- Year-on-year, the overall price increase is 7.7% from May 2022.
- Year-on-year, prices for all room types increaseover May 2022: 3 Room by 7.2%, 4 Room by 8.3%, 5 Room by 7.4% and Executive by 9.7%.
- Mature and Non-Mature Estates prices increase by 7.3% and 8.1% respectively from a year ago.
- 2,259 HDB resale flats are transacted in May 2023, representing a 3.2% increase from April 2023.
- Year-on-year, resale volumes in May 2023 are 4.8% higher than the previous year.
- Breaking it down by room type, in May 2023, 46.2% of the volumes come from HDB 4 Room, 24.5% from 3 Room, 24.4% from 5 Room and 4.8% from Executive.
- Breaking it down by estate, 62.2% of the resale volumes in May 2023 come from Non-Mature Estates. The remaining 37.8% in the month are from Mature Estates.
- The highest transacted price for a resale flat in the month is achieved at $1,370,000 by a 5-Room unit at The Peak at Toa Payoh.
- In Non-Mature Estates, the highest transacted price is achieved at $1,088,000 by an Executive Maisonette at Bukit Batok Street 25.
- In May 2023, there are 34 HDB resale flats transacted for at least $1,000,000, representing a decrease from April 2023 which recorded 37 such units.
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The number of million-dollar flats sold comprise 1.5% of the total resale volumes in the month.
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Kallang/ Whampoa records eight million-dollar flats sold in the month, followed by Bukit Merah, Central Area and Bedok with three units each while Bishan, Clementi, Woodlands, Marine Parade and Queenstown records two units each.
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The rest of the million-dollar flats come from Yishun, Tampines, Bukit Batok, Bukit Timah, Geylang, Pasir Ris and Toa Payoh.
