The HDB resale market ended 2025 on a quiet note. In the fourth quarter (Oct-Dec 2025), prices stayed flat (0% change), and the number of flats sold dropped to the lowest level in five years. For the whole year, prices rose only about 2.9% – the slowest growth since 2019. This comes after years of strong increases, showing buyers are more careful now.
Key Points
- Prices in 4Q: Plateaued – no up or down from 3Q2025.
- Full Year 2025: Prices up just 2.9%, much slower than recent years.
- Sales Volume: 4Q transactions sank to a five-year low; overall yearly sales also lower than before.
- Million-Dollar Flats: Still over 1,500 sold in 2025 (record high), but mostly earlier in the year.
- Why the slowdown?: More new BTO flats available, higher interest rates earlier, and buyers waiting for better deals or cooling measures.
My Simple Insights
This cooling in late 2025 is normal after the hot market in previous years. Prices didn’t drop – they just stopped rising fast, which is good for keeping things affordable. With lots of new BTOs coming and possibly lower interest rates, 2026 could see steady prices with maybe small growth (experts guess 2-4%).
If you’re selling, central or mature estate flats still hold value well. For buyers, now might be a less rushed time to look – fewer competitors! Overall, the HDB market stays strong and stable, no big crash in sight.
Source: EdgeProp, StraitsTimes
