HDB Resale Market Trend Sees 1% Price Increase and Rising Transaction Volume in January 2025

1. HDB resale prices increased by 1% in January 2025 compared to December 2024. HDB resale prices in Mature Estates and Non-Mature Estates increased by 0.7% and 1%, respectively. In terms of room types, 3-room prices, 4-room prices, 5-room prices, and Executive prices increased by 1.1%, 1.3%, 1.1%, and 0.5%, respectively.

According to the SRX Property Price Index for HDB Resale:

• Year-on-year, the overall price increase was 9.3% from January 2024.

• Year-on-year, prices for all room types increased from January 2024: 3-room by 10.1%, 4-room by 10.4%, 5-room by 7.7%, and Executive by 5.2%.

• Both Mature and Non-Mature Estate prices increased by 8.9% and 9.3%, respectively, from a year ago.

2. 2,329 HDB resale flats were transacted in January 2025, representing a 9.4% increase from December 2024. 

• Year-on-year, resale volumes in January 2025 were 11.4% lower than the previous year.

• Breaking it down by room type, in January 2025, 25.5% of the HDB resale volumes came from 3-room, 45.5% from 4-room, 23.4% from 5-room, and 5.6% from Executive.

• Breaking it down by estate, 59.8% of the resale volumes in January 2024 came from Non-Mature Estates. The remaining 40.2% in the month was from Mature Estates.

3. The highest transacted price for a resale flat in the month was S$1,600,000 for a 5-room flat at Lor 1A Toa Payoh.

• In Non-Mature Estates, the highest transacted price was S$1,168,000 for an Executive flat at Toh Guan Rd.

4. In January 2025, there were 119 HDB resale flats transacted for at least S$1,000,000, representing an increase from December 2024, which recorded 95 such units.

• The number of million-dollar flats sold comprised 5.1% of the total resale volume in the month.

• Toa Payoh recorded 22 units of million-dollar flats sold in the month, followed by Queenstown and Bukit Merah, which sold 20 units and 14 units, respectively.

• The rest of the million-dollar flat transactions came from Clementi, Kallang Whampoa, Ang Mo Kio, Tampines, Bishan, Geylang, Bedok, Central Area, Woodlands, Serangoon, Jurong East, Pasir Ris, Marine Parade, Hougang, and Yishun.