Q3 2025 - HDB Resale & BTO

Singapore HDB Resale Market Moderates in Q3 2025

• In Q3 2025, HDB resale prices rose 0.4%, the smallest gain in nearly five years and the fourth straight quarter of slower growth.

• Transactions increased 1.7% to 7,221 units, though sales were down 11.3% year-on-year, indicating shifting buyer interest.

• High-value flats stood out, with 1,506 units sold for S$800,000 or more, and a record 480 units sold above S$1 million.

• Rentals edged up 0.6% to 10,123 approvals quarter-on-quarter.

• Realion Group sees this as a transition to stability, with more new flats entering the market and buyers becoming more cautious, keeping price growth moderate.

Read the full report here: HDB Resale Market Report Q3 2025.