For anyone considering buying or selling a flat, HDB resale price is a key factor in the public housing market. Factors influencing resale prices include location (mature vs non-mature estates), flat size (3-room, 4-room, etc.), renovation quality, and proximity to MRT or schools.
The market saw a surge post-pandemic, with record-high prices in some popular estates due to low supply and high demand. Prime locations, high-floor units, or homes with unblocked views often command premium prices.
For up-to-date figures, buyers and sellers here often consult the HDB Resale Price Index (RPI) and browse recent transactions online. Many buyers use these resources to compare asking prices and determine fair value before making an offer.
It’s important for buyers to keep up with announcements as they can influence both demand and price movement.
All in all, understanding HDB resale price movements will help you make better decisions in Singapore’s ever-changing housing market.