The latest data indicates a modest uptick in Singapore's HDB resale market in October. According to estimated figures from property market transaction platforms SRX and 99.co, overall, HDB resale prices increased by 0.5% month-on-month.
Specifically, the resale prices for three-room, four-room, and executive flats rose between 0.3% and 1.7%, while five-room flats saw a 0.4% decline. Compared to the same period last year, HDB resale prices in October rose by 5.3%.
In October, a total of 2,200 units were sold, representing a 10.8% increase from the previous month and a 12% increase from the same period last year. Forty-one units were sold for at least one million dollars, including seven million-dollar transactions each in Bishan and Ang Mo Kio, and six in Queenstown.
These figures reflect increased activity in Singapore's HDB market, especially in the high-end segment. Despite the overall price increase, there are notable differences in the resale situations of different types of HDB flats.
Furthermore, the million-dollar transactions were primarily concentrated in mature HDB estates, indicating a demand for location and community environment.
These data provide crucial insights for investors and homebuyers, aiding them in making more accurate assessments of market trends and guiding their future decisions.