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HDB resale prices increased by 0.3% in March 2024 compared to February 2024. Both Mature and Non-Mature Estates prices increased by 0.5% and 0.6% respectively as compared to February 2024. In terms of room types, 3 Room prices decreased by 0.1%, 4 Room prices increased by 0.5%, 5 Room prices increased by 1.0% and Executive prices decreased by 0.5%.
According to the SRX Property Price Index for HDB Resale:
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Year-on-year, the overall price increase is 6.2% from March 2023.
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Year-on-year, prices for all room types increased over March 2023: 3 Room by 5.6%, 4 Room by 6.3%, 5 Room by 6.8% and Executive by 4.4%.
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Both Mature and Non-Mature Estates prices increases by 6.0% from a year ago.
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2,063 HDB resale flats were transacted in March 2024, representing a 3.3% decrease from February 2024.
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Year-on-year, resale volume in March 2024 is 9.8% lower than the previous year.
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Breaking it down by room type, in March 2024, 24.8% of the volume came from HDB 3 Room, 43.6% from 4 Room, 25.2% from 5 Room and 6.4% from Executive.
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Breaking it down by estate, 59.9% of the resale volume in March 2024 came from Non-Mature Estates. The remaining 40.1% 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 Boon Tiong Rd
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In Non-Mature Estates, the highest transacted price is achieved at $1,200,000 by an executive apartment at Yishun Ave 4.
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In March 2024, there are 61 HDB resale flats transacted for at least $1,000,000, representing an increase from February 2024 which recorded 50 such units.
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The number of million-dollar flats sold comprise 3.0% of the total resale volumes in the month.
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Toa Payoh records nine units of million-dollar flats sold in the month, followed by Kallang Whampoa, Bukit Merah, Clementi which records seven units.
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The rest of the million-dollar flats come from Hougang, Bishan, Central Area, Queenstown, Serangoon, Bedok, Ang Mo Kio, Tampines, Jurong East, Bukit Timah, Bukit Panjang and Yishun.
