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SINGAPORE: The resale price index for Housing and Development Board (HDB) flats fell 0.1 per cent in the first quarter of 2026, marking the first quarterly decline in nearly seven years.<\/p>\n
This comes on the back of five consecutive quarters of slower or flat price growth.<\/p>\n
The last time the resale price index fell was in the second quarter of 2019.<\/p>\n
Resale transaction volumes also dipped, according to flash estimates released by HDB on Wednesday (Apr 1).<\/p>\n
As of Mar 30, a total of 6,179 resale transactions were recorded in the first quarter of the year, 4.5 per cent lower than the 6,473 transactions in the same period last year.<\/p>\n
Resale prices have been moderating over the years.<\/p>\n
In 2025, resale prices <\/span>rose by 2.9 per cent<\/span> compared with 9.7 per cent in 2024, marking the slowest price growth since 2019.<\/span><\/p>\n HDB said it will offer about 6,900 Build-to-Order (BTO) flats in its June 2026 sales exercise. The flats will be located in Ang Mo Kio, Bishan, Bukit Merah, Sembawang and Woodlands.<\/p>\n More details on the projects will be released during the sales exercise.<\/p>\n Flat buyers must have a valid HDB Flat Eligibility (HFE) letter at the point of application. HDB also advised prospective buyers to apply early and submit all required documents by May 15 to ensure they can obtain their HFE letter in time.<\/p>\n HDB also said that the macroeconomic outlook has become more uncertain, urging households to exercise prudence when purchasing properties and taking out mortgage loans.<\/p>\n<\/div>\nBTO EXERCISE IN JUNE<\/h2>\n