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|May 05,2026HDB Resale Volume Rebounded In July While Prices Dipped
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HDB resale volume regained momentum in July 2026, with 2,656 flats resold in the month - up by 24.8% month-on-month (MOM) from 2,129 units transacted in June (see Chart 1). The uptick in sales followed two months of relatively flat transaction volumes in May and June. Of note, the 2,656 units sold in July is the highest monthly sales in two years, since 3,036 units were resold in July 2024. The towns that led resale transactions in July were Tampines, Sengkang, and Punggol.
On average, about 2,127 HDB flats were resold each month in the first seven months of 2026 - up from the average of 2,090 units transacted each month in 2025. These are slightly lower than the monthly average of some 2,279 flats resold in the 2021 to 2024 period. Resale flat demand has somewhat normalised in recent years as the larger supply of new build-to-order (BTO) flats helped to meet strong public housing demand.
Despite the rebound in resale volume, the average resale price posted a marginal 0.5% MOM dip in July 2026 to around $660,000 from about $663,600 in the previous month (see Chart 1). That transactions are growing amid a small price correction suggest that the HDB resale market is stabilising, and that buyers have become more price-sensitive while sellers have had to adjust their pricing expectations.
Chart 1: HDB resale volume and average resale price
That said, the buying interest for desirable flats in prime locations remains firm with 187 flats resold for at least $1 million in July, compared with 188 such units in the previous month. The number of million-dollar resale flats sold in the first seven months of 2026 came up to 1,089 units - likely to match or exceed the record 1,593 such flats transacted in the whole of 2025.
In July, the million-dollar resale flats transacted comprised a 3-room terrace flat, 85 units of 4-room flats, 64 units of 5-room flats, 35 executive flats, and two multi-generation flats. By towns, 21 of the million-dollar flats transacted in July are in non-mature towns, being Bukit Batok, Bukit Panjang, Hougang, Punggol, Sengkang, Woodlands, and Yishun. Notably, the 21 units of million-dollar flats resold in non-mature estates marked a new monthly high.
The remaining units are in mature estates, led by Queenstown with 32 deals, Toa Payoh with 28 transactions, and 20 in Bukit Merah. In particular, the priciest HDB resale flat sold in July was a 5-room DBSS (design, build and sell scheme) unit at Natura Loft in Bishan which fetched $1.58 million (see Table 1). The unit spans 120 sqm and is located on a high storey ranging between the 28th to 30th floor.
Of note, Serangoon posted its record high resale price in July when an executive flat in Serangoon Avenue 2 was resold for $1.27 million. The 140-sqm flat which is located on a floor between the 10th and 12th level is within walking distance to the Serangoon MRT interchange station and NEX mall. Its price surpassed the $1.268 million garnered by another executive flat along the same street in April 2025.
Chart 2: Number of HDB flats resold for at least $1 million by month
Table 1: Top 10 HDB resale flats sold in July 2026 by Transacted Price
Town | Type | Street | Storey range | Floor area (SQ M) | Lease start date | Resale price | PSF ($) |
BISHAN | 5 ROOM | BISHAN ST 24 | 28 TO 30 | 120 | 2011 | $1,580,000 | $1,223 |
TOA PAYOH | 5 ROOM | LOR 1A TOA PAYOH | 37 TO 39 | 114 | 2012 | $1,570,000 | $1,279 |
TOA PAYOH | 5 ROOM | LOR 1A TOA PAYOH | 25 TO 27 | 114 | 2012 | $1,550,000 | $1,263 |
KALLANG/WHAMPOA | 5 ROOM | BOON KENG RD | 16 TO 18 | 119 | 2011 | $1,521,000 | $1,187 |
QUEENSTOWN | 5 ROOM | DAWSON RD | 40 TO 42 | 104 | 2016 | $1,520,000 | $1,358 |
CENTRAL AREA | 5 ROOM | CANTONMENT RD | 16 TO 18 | 107 | 2011 | $1,510,000 | $1,311 |
CENTRAL AREA | 5 ROOM | CANTONMENT RD | 13 TO 15 | 105 | 2011 | $1,508,888 | $1,335 |
QUEENSTOWN | 5 ROOM | DAWSON RD | 19 TO 21 | 108 | 2021 | $1,500,000 | $1,290 |
CENTRAL AREA | 5 ROOM | CANTONMENT RD | 07 TO 09 | 105 | 2011 | $1,480,000 | $1,309 |
BUKIT MERAH | 5 ROOM | HAVELOCK RD | 31 TO 33 | 114 | 2013 | $1,468,888 | $1,197 |
Overall, the sales data showed that the proportion of flats resold that were priced at below $500,000 in July was 21.8%, lower than the 23.1% in the previous month. About 41.8% of the resale flats sold fetched between $500,000 and under $700,000, a touch higher than 40.7% in June. Meanwhile, the proportion of resale flat deals done at $700,000 to just under $1 million in July inched up to 29.3% from 27.4% a month before. In contrast, the proportion of flats resold for at least $1 million in July fell to 7.0% from 8.8% in June (see Chart 3).
Chart 3: HDB resale flat transactions by price range
By flat type and town classification, the average resale prices fell across the board for the select flat types in both mature and non-mature towns. Five-room resale flats in mature estates saw the steepest decline at 4.9% MOM to about $914,000 in July, followed by executive flats in mature estates where the average price fell by 2.9% MOM to around $990,000 (see Table 2). This comes as HDB resale prices begin to stabilise following years of strong price appreciation.
Table 2: Average HDB resale flat prices by flat type, by town classification
Flat Type | Mature towns | Non-mature towns | ||||
Jun-26 | Jul-26 | % change MOM | Jun-26 | Jul-26 | % change MOM | |
3 ROOM | $487,541 | $476,995 | -2.2% | $460,138 | $448,898 | -2.4% |
4 ROOM | $798,239 | $780,495 | -2.2% | $599,487 | $598,345 | -0.2% |
5 ROOM | $961,074 | $913,532 | -4.9% | $711,604 | $711,246 | -0.1% |
EXECUTIVE | $1,020,008 | $989,972 | -2.9% | $875,631 | $871,317 | -0.5% |
Contact a PropNex salesperson to find out more about resale HDB market trends.
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