According to reports, Singapore's resale HDB market showed signs of cooling in March 2024. Based on the latest estimated data, there were a total of 2,063 resale units in March, a decrease of 3.3% from February. Compared to the same period last year, this figure decreased by 9.8%.
Among all resale HDB transactions, four-room units dominated, accounting for 43.6%. This was followed by five-room units (25.2%), three-room units (24.8%), and executive units (6.4%).
Despite the decrease in transaction volume, resale prices in mature HDB estates continued to show an upward trend. Statistics showed that resale prices in mature estates increased by 0.5% in March, slightly higher at 0.6% in non-mature estates.
shicheng.news
The price performance varied for different types of units. The price of three-room units decreased by 0.1%, four-room units increased by 0.5%, five-room units increased by 1%, while executive units decreased by 0.5%.
Overall, resale prices for HDB flats increased by 0.3% in March compared to the previous month and increased by 6.2% compared to the same period last year. In terms of specific unit types, three-room units increased by 5.6% year-on-year, four-room units by 6.3%, five-room units by 6.8%, and executive units by 4.4%.
Additionally, the report also showed that there were a total of 61 resale units with prices exceeding one million dollars, accounting for 3% of the total transaction volume. This number increased by 11 units compared to February.
shicheng.news
High-priced transactions were mainly concentrated in areas such as Bukit Batok (nine transactions), Kallang/Whampoa, Bishan, and Clementi. Other areas such as Hougang, Bukit Timah, Central Area, Queenstown, Serangoon, Bedok, Ang Mo Kio, Tampines, Jurong East, Bukit Timah, Bukit Panjang, and Yishun also saw some high-priced transactions.
Overall, based on the above data, it can be seen that Singapore's resale HDB market remained stable in March. Despite the reduction in transaction volume, the slight increase in prices indicates that market demand still exists.
