- HDB resale prices increase by 0.6 % in August 2023 compared to July 2023. Non-Mature Estates prices increase by 0.5% while Mature Estates increase by 1.3%, as compared to July 2023. In terms of room types, 3 Room prices decreased by 0.4%, 4 Room prices increased by 0.9%, 5 Room prices increased at 1.5% while Executive prices increased by 1.6%.
According to the SRX Property Price Index for HDB Resale:
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Year-on-year, the overall price increase is 7.2% from August 2022.
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Year-on-year, prices for all room types increaseover August 2022: 3 Room by 6.3%, 4 Room by 8.2%, 5 Room by 7.2% and Executive by 8.0%.
- Mature and Non-Mature Estates prices increase by 7.2% and 7.3% respectively from a year ago.
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2,473 HDB resale flats are transacted in August 2023, representing an 20.3% increase from July 2023.
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Year-on-year, resale volume in August 2023 is 6.4% higher than the previous year.
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Breaking it down by room type, in August 2023, 44.6 % of the volume come from HDB 4 Room, 22.8% from 5 Room, 26.3% from 3 Room and 6.3% from Executive.
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Breaking it down by estate, 59.7% of the resale volume in August 2023 come from Non-Mature Estates. The remaining 40.3% in the month are from Mature Estates.
- The highest transacted price for a resale flat in the month is achieved at $1,480,000 by a 5-Room unit at The Pinnacle@Duxton.
- In Non-Mature Estates, the highest transacted price is achieved at $1,080,888 by an Executive Apartment at Woodlands St 81
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In August 2023, there are 54 HDB resale flats transacted for at least $1,000,000, representing an increase from July 2023 which recorded 32 such units.This is also the highest volume of resale flats transacted for at least $1,000,000 to date.
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The number of million-dollar flats sold comprise 2.2% of the total resale volumes in the month.
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Bukit Merah records nine units of million-dollar flats sold in the month, followed by Central Area which records 8 units while Ang Mo Kio and Kallang/ Whampoa records six units each.
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The rest of the million-dollar flats come from Queenstown, Toa Payoh, Bukit Timah, Clementi, Bishan, Woodlands, Hougang, Marine Parade, Geylang, Tampines and Serangoon.
