New ATH number of Million dollar flats sold; Resale Prices rise by 1.8%, volume drops | Singapore Property News

New ATH number of Million dollar flats sold; Resale Prices rise by 1.8%, volume drops

08 Jul 2024
Property Data
  1. HDB resale prices increased by 1.8% in June 2024 compared to May 2024. Mature Estate and Non Mature Estate increased by 2.6% and 1.3% respectively as compared to May 2024. In terms of room types, 3 Room prices increased by 1.6%, 4 Room prices increased by 1.8%, 5 Room prices increased by 1.6% and Executive prices increased by 1.1%.

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     According to the SRX Property Price Index for HDB Resale:

  • Year-on-year, the overall price increase is 7.3% from June 2023.

  • Year-on-year, prices for all room types increased over June 2023: 3 Room by 6.5%, 4 Room by 7.5%, 5 Room by 7.3% and Executive by 6.2%.

  • Both Mature and Non-Mature Estates prices increased by 6.7% and 7.3% respectively from a year ago.

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  1. 2,184 HDB resale flats were transacted in June 2024, representing a 13.1% decrease from May 2024. 

  • Year-on-year, resale volume in June 2024 is 17.5% higher than the previous year. 

  • Breaking it down by room type, in June 2024, 24.8% of the volume came from HDB 3 Room, 44% from 4 Room, 24.2% from 5 Room and 6.9% from Executive. 

  • Breaking it down by estate, 57.7% of the resale volume in June 2024 came from Non-Mature Estates. The remaining 42.3% in the month are from Mature Estates.

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  1. The highest transacted price for a resale flat in the month is achieved at $1,588,000 by a 5 Room flat at Boon Tiong Rd.


  • In Non-Mature Estates, the highest transacted price is achieved at $1,088,000 by a 5 Room flat  at Hougang St 21.


  1. In June 2024, there are 96 HDB resale flats transacted for at least $1,000,000, representing an increase from May 2024 which recorded 74 such units.

  • The number of million-dollar flats sold comprise 4.4% of the total resale volumes in the month.

  • Kallang Whampoa records eighteen units of million-dollar flats sold in the month, followed by Geylang and Bukit Merah which sold 11 units each. 

  • The rest of the million-dollar flats come from Toa Payoh, Bishan, Ang Mo Kio, Clementi, Queenstown, Serangoon, Yishun, Central Area, Hougang, Bedok, Marine Parade, Bukit Timah, Pasir Ris, Tampines, Woodlands.


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