HDB Resale Prices: 15‑Month Bull Run Hits a New High
In September 2021, the market hit a record‑setting peak—prices were a 0.8 % higher than the last high in April 2013. That means for every HDB flat sold, you’re looking at a slightly better return than anyone’s ever seen.
Month‑on‑Month Gains
- Overall rise: 0.9 %
- Mature estates: 0.6 %
- Non‑mature estates: 1.1 %
Trade‑off: More Prices, Fewer Sales
Despite the high prices, there were 8.4 % fewer resale transactions in September compared to August. In total, 2,518 HDB resales were recorded, down from 2,748 the month before.
Where the Gold Is (and Where It Isn’t)
Top 4‑room flats by median resale price (September 2021):
- Bukit Merah
- Queenstown
- Kallang/Whampoa
Bottom 4‑room flats by median resale price (September 2021):
- Sembawang
- Woodlands
- Bedok
- Jurong East
- Yishun
In a nutshell: the market’s hot, the inventory’s colder, and if you’re eyeing a 4‑room from Bukit Merah or Queenstown, you’ll likely get a good return. If you’re looking in Bedok or Yishun, prices stay low, but so do the deals—so it could be a sweet spot if you’re budget‑savvy.
Million-dollar HDB flats
Singapore’s HDB Resale Rumble: A Record‑Busting Sale Shakes Up the Market
Drop the mic — A five‑room DBSS flat in Natura Loft just smashed the resale record at a staggering $1,295,000. This headline‑sticking deal, announced at the tail end of July, still stands as the costliest HDB resale in town.
What does that mean for buyers?
- Collectively, 23 HDB units landed above the million‑dollar mark this month.
- The price spike shows a steady appetite for premium public housing among Singaporeans.
- Even the K‑fam can dream that a HDB resale might one day fetch headline‑worthy sums.
Unusual Spotlight: A 2019-Leased Bukit Merah Residence
Beyond the record flat in Bishan, another eye‑catcher emerged in Bukit Merah. This unit, part of the Sustainable Energy Resource System (SERS) project called City Vue @ Henderson, has a lease that only kicked off in 2019.
Normally, HDB flats sit on the market only after a five‑year Minimum Outstanding Period (MOP). Yet, all-too-often, the Housing Development Board will make a case‑by‑case waiver, giving owners the opportunity to sell earlier. The Ministry of National Development cites reasons such as divorce, financial hardship, and the unfortunate passing of a resident as grounds for this early release.
Why the Lease‑Kickoff Confusion?
Because the lease beginning in 2019 makes it flush with market‑ready timing—just in time for buyers craving sustainable and “green” projects like SERS. It’s a perfect blend of environmental ethos and resale readiness.
The Bottom Line
One thing is crystal clear: Singapore’s HDB resale market is not only thriving but also breaking glass ceilings in pricing. From the hefty $1.295 million DBSS icon in Natura Loft to the early‑release SERS gem in Bukit Merah, buyers and sellers alike are riding a wave of unprecedented demand.
Stay tuned and keep your eyes peeled; the next headline‑hat‑raising resale could be right around the corner.
