HDB's flash estimate released on 30 September 2026 puts the third-quarter 2026 resale price index at 202.4, down 0.2% from the previous quarter. This marks the third consecutive quarterly decline, following drops of 0.1% in Q1 and 0.3% in Q2. The index has now drifted lower for three quarters in a row, with the Q2 level at 202.8 and Q4 2025 at 203.6, according to Little Big Red Dot, which reported the release.
A flash estimate is an early reading based on transactions recorded up to 29 September and can differ from the final figure. HDB describes volumes as broadly stable, recording 7,528 resale transactions in Q3 up to 29 September, compared with 7,157 over the same period last year, an increase of 5.2%. In other words, prices are edging lower while activity is not drying up.
The wait-out period, which barred private property owners and ex-owners from buying non-subsidised HDB resale flats for 15 months, was introduced on 30 September 2022 and removed on 28 July 2026. HDB says it has not seen a significant increase in the prices or number of resale flats bought by these buyers since then, but will keep monitoring. It cited several quarters of price moderation and a larger number of flats expected to reach the Minimum Occupation Period in coming years as reasons for the removal.
HDB also announced that about 7,960 flats will be launched in the November 2026 Build-To-Order exercise, across Bedok, Geylang, Sembawang, Tengah, Toa Payoh and Yishun, with Community Care Apartments also offered in Toa Payoh. Applicants need a valid HDB Flat Eligibility letter. Some third-party previews had pointed to an October launch, but HDB's own release says November, and further details will be shared during the exercise.
In the same quarter, URA's flash estimate for private homes showed a 1.4% rise, so Singapore's two housing tiers are moving in different directions. HDB itself notes the macroeconomic outlook, including interest rates, remains highly uncertain. The figures are a flash estimate and may be revised. HDB gave no price forecast, and town-level or flat-type breakdowns have not been seen.
