HDB resale prices fall for third straight quarter; private home prices rise 1.4%

The resale price index for public housing fell for a third consecutive quarter, while private residential property prices again rose and at a faster pace than in the previous quarter.

Flash estimates provided by the Housing and Development Board (HDB) on Thursday (Oct 1) show that resale price index for the third quarter of 2026 fell by 0.2 per cent.

It dipped by 0.1 per cent in the first quarter — falling for the first time in almost seven years, and 0.3 per cent in the second quarter.

Meanwhile, private residential property index rose by 1.4 per cent in the third quarter, up from the 0.5 per cent in the previous quarter, flash estimates from the Urban Redevelopment Authority (URA) showed.

During the reported quarter, HDB flat sales rose by 5.2 per cent to 7,528 resale transactions as compared to the 7,157 transactions in the same quarter last year.

The housing board also said that it has not observed a significant increase in the prices and number of resale flats purchased by private residential property owners — both current and past — after the removal of the 15-month wait-out period came into effect on July 28.

Over the same reporting period, private residential property sale volume fell by about 30 percent on a quarter-on-quarter basis to 4,296 transactions.

Upcoming HDB and private residential property supply

In the upcoming Build-To-Order (BTO) exercise in November , HDB will launch about 7,960 flats in Bedok, Geylang, Sembawang, Tengah, Toa Payoh and Yishun.

It will also offer community care apartments in Toa Payoh.

The Government will also sustain a high level of private housing supply through the Government Land Sales Programme to cater to housing demand and maintain market stability, URA said.

It will launch a total of 4,745 private residential units under the confirmed list in the second half of 2026, bringing the full-year confirmed supply to 9,320.

This is more than 50 per cent above the annual average over the past 10 years, the agency noted.

Both HDB and URA cautioned that the macroeconomic outlook remains highly uncertain, including for global and domestic rates.

"Households are advised to exercise prudence when purchasing property and taking out mortgage loans," the agencies added.

Prices may edge up for HDB flat models: Analyst

Commenting on HDB's flash estimate data, Christine Sun, chief researcher and strategist of Realion Group said there could be a slight price rebound for certain regions or flat models in the coming months.

"Many private homeowners will be cash-rich after selling their homes and they are likely to buy large resale flats for the space and value," she said.

"Therefore, we expect demand and prices of larger flats to be boosted, while the number of million-dollar resale flat transactions to grow further."

However, she said that the expected increase in premium flat transactions is unlikely to cause a spike in overall resale prices.

Pointing to the ample housing supply and number of flats reaching their minimum occupation period (MOP) over the next two years, Sun added: "Million-dollar transactions still account for a small market share and any price surge will likely be contained within this market segment."

About 13,484 flats are expected to reach their MOP this year, and another 18,939 units next year.

公共房屋转售价格指数连续第三个季度下跌，而私人住宅价格再次上涨，且涨幅比上一季度更快。

新加坡建屋发展局（HDB）周四（10月1日）公布的初步数据显示，2026年第三季度转售价格指数下降了0.2%。

第一季度下降了 0.1%，这是近七年来首次下降；第二季度下降了 0.3%。

与此同时，市区重建局（URA）的初步数据显示，第三季度私人住宅物业指数上涨1.4%，高于上一季度的0.5%。

报告期内，组屋转售交易量较去年同期增长5.2%，达到7528套，而去年同期为7157套。

建屋发展局还表示，自7月28日取消15个月的等待期以来，私人住宅物业业主（包括现有业主和过去的业主）购买的转售组屋的价格和数量并未出现显著增长。

在同一报告期内，私人住宅物业销售量环比下降约 30%，至 4,296 笔交易。

即将上市的组屋和私人住宅物业供应

在即将于 11 月推出的预购组屋 (BTO) 计划中，建屋发展局将在勿洛、芽笼、三巴旺、登加、大巴窑和义顺推出约 7,960 套组屋。

它还将在大巴窑提供社区护理公寓。

市区重建局表示，政府还将通过政府售地计划维持高水平的私人住宅供应，以满足住房需求并保持市场稳定。

该公司将于 2026 年下半年推出已确认清单下的 4,745 套私人住宅单元，使全年已确认供应量达到 9,320 套。

该机构指出，这一数字比过去 10 年的年均水平高出 50% 以上。

建屋发展局和市区重建局均警告称，宏观经济前景仍然高度不确定，包括全球和国内利率。

各机构补充说：“建议家庭在购买房产和申请抵押贷款时要谨慎行事。”

分析师：组屋价格或将小幅上涨

Realion Group首席研究员兼策略师Christine Sun在评论建屋发展局的初步估价数据时表示，未来几个月某些地区或公寓户型的价格可能会略有反弹。

“许多私人业主在卖掉自己的房子后会手头宽裕，他们可能会为了空间和价值而购买大型二手公寓，”她说。

“因此，我们预计大户型公寓的需求和价格将得到提振，而百万美元以上的二手房交易数量也将进一步增长。”

不过，她表示，高端公寓交易量的预期增长不太可能导致整体转售价格飙升。

孙先生指出，未来两年内房屋供应充足，许多组屋将达到最低居住年限（MOP），他补充道：“百万美元的交易仍然只占很小的市场份额，任何价格上涨都可能被限制在这个细分市场内。”

预计今年将有约 13,484 套住宅达到最低居住年限，明年还将有 18,939 套住宅达到最低居住年限。