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HDB resale prices increased by 0.5 % in October 2023 compared to September 2023. Non-Mature Estates prices increased by 0.8% while Mature Estates increased by 0.6%, as compared to September 2023. In terms of room types, 3 Room prices increased by 0.3%, 4 Room prices increased by 0.7%, 5 Room prices decreased by 0.4% and Executive prices increased by 1.7%.
According to the SRX Property Price Index for HDB Resale:
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Year-on-year, the overall price increase is 5.3% from October 2022.
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Year-on-year, prices for all room types increased over October 2022: 3 Room by 4.9%, 4 Room by 6.2%, 5 Room by 4.5% and Executive by 7.4%.
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Mature and Non-Mature Estates prices increase by 5.0% and 5.7% respectively from a year ago.
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2,200 HDB resale flats are transacted in October 2023, representing an 10.8% increase from September 2023.
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Year-on-year, resale volume in October 2023 is 12.0% higher than the previous year.
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Breaking it down by room type, in October 2023, 25.2% of the volume came from HDB 3 Room, 47.4% from 4 Room, 21.9% from 5 Room and 5.5% from Executive.
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Breaking it down by estate, 62.2% of the resale volume in October 2023 came from Non-Mature Estates. The remaining 37.8% in the month are from Mature Estates.
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The highest transacted price for a resale flat in the month is achieved at $1,450,000 by a 5 Room Flat at Henderson Rd
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In Non-Mature Estates, the highest transacted price is achieved at $995,888 by a executive apartment at Jurong East St 21
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In October 2023, there are 41 HDB resale flats transacted for at least $1,000,000, representing a decrease from September 2023 which recorded 42 such units.
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The number of million-dollar flats sold comprise 1.9% of the total resale volumes in the month.
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Bishan, Bukit Merah records seven units of million-dollar flats sold in the month, followed by Queenstown which records six units.
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The rest of the million-dollar flats come from Clementi, Kallang/Whampoa, Ang Mo Kio, Toa Payoh, Central Area, Bukit Timah, Geylang, Serangoon.
