Singapore HDB resale prices fell for a third consecutive quarter in Q3 2026, even as market sentiment improved and buyer enquiries increased following recent policy changes, according to Realion (OrangeTee & ETC) Group.
Flash estimates from the Housing & Development Board (HDB) showed resale prices declined 0.2% quarter on quarter and 0.6% year on year in Q3. On a year-to-date basis, prices fell 0.6% in the first three quarters of 2026, reversing the 2.9% increase recorded over the same period in 2025.
Realion Chief Researcher & Strategist Christine Sun said the stronger market interest had yet to translate fully into completed transactions.
Following a policy change on 28 July, private property owners purchasing a non-subsidised resale flat were no longer required to observe the previous 15-month wait after selling their private property. Realion said the change led to a noticeable increase in buying interest and sales enquiries from private homeowners looking to right-size.
Caveat data from data.gov.sg, downloaded on 1 October 2026, showed significant variation in average resale prices by flat type. Multi-generation flats recorded the strongest increase at 9.9%, followed by 1-room flats at 6.7%, executive flats at 0.5% and 5-room flats at 0.1%.
Average prices declined for 4-room flats by 0.9%, 2-room flats by 0.4% and 3-room flats by 0.3%.
Transaction activity was stronger. HDB's resale flash estimates showed resale volume increased 5.2% year on year, from 7,157 units in Q3 2025 to 7,528 units in Q3 2026. Realion noted that Q3 typically records the highest quarterly transaction volume.
