Singapore’s HDB resale market saw a modest rise in prices this June, but transactions slowed slightly as buyers are likely taking a breather during the school holidays. While the numbers show only a 0.1% uptick in prices from May, the broader trend shows that resale flats are still commanding higher prices year-on-year, and demand is staying resilient.
Let’s dive into the latest numbers and what they could mean for buyers and sellers in the coming months.
Table of Contents
- Prices stay firm; especially for 5-room flats
- Transaction volumes dip, but hold strong against last year
- Million-dollar flats cool slightly, but still going strong
- What’s ahead for the HDB resale market?
Prices stay firm; especially for 5-room flats
In June 2025, overall HDB resale prices rose by 0.1%. This minor increase mirrors the plateauing trend we’ve seen in the past couple of months.
What’s more interesting is how prices shifted across different flat types. 3-room and 5-room flats led the way, with price increases of 0.4% and 0.8% respectively. In contrast, 4-room flat prices held steady, while Executive flats saw a sharp 2.7% decline.
Prices across non-mature estates rose by 0.1%, while those in mature estates stayed unchanged. That’s consistent with the growing appeal of more affordable neighbourhoods among budget-conscious buyers.
Over the longer term, the market remains strong. Compared to June last year, HDB resale prices are up by 7.3%. Every flat type has seen a year-on-year increase: 3-room prices are up 8.6%, 4-room by 7.7%, 5-room by 6%, and Executive flats by 6.1%. Prices in both mature and non-mature estates have risen equally (by 7.2%) suggesting sustained demand across the board.
Transaction volumes dip, but hold strong against last year
In total, 2,276 resale flats changed hands in June 2025. That’s a marginal 0.4% drop from May, but hardly unexpected. June is typically quieter in the resale market, as families travel during the school holidays or pause their home search to spend time together. Many property agents also take a break during this period, further slowing market activity.
Still, year-on-year volumes were up by a healthy 4.2%. Of the flats sold in June, 43.1% were 4-room units. 3-room and 5-room flats made up 26.2% and 24% of transactions respectively, while Executive flats accounted for just 6.7%.
Interestingly, 58.5% of resale deals came from non-mature estates, pointing to a broader trend: buyers are increasingly turning to emerging neighbourhoods for more space or value, even if it means moving a little farther from the city core.
Million-dollar flats cool slightly, but still going strong
June saw 132 HDB flats changing hands for at least S$1 million. This is a slight dip from May’s 143, but still a sizeable chunk of the market. These million-dollar homes made up 5.8% of all resale transactions in the month.
Toa Payoh once again topped the charts, with 28 million-dollar deals. Queenstown and Bukit Merah followed with 20 and 17 transactions respectively. Other towns that saw million-dollar flat activity included Bishan, Kallang/Whampoa, Geylang, Tampines, Hougang, Clementi, and even places like Woodlands, Serangoon, and Yishun. This further proves that these high-value deals aren’t limited to just a handful of central neighbourhoods.
At the top end of the market, the most expensive resale transaction in June was a 5-room flat at SkyTerrace @ Dawson, which sold for S$1,658,888. Located in Queenstown, SkyTerrace is a premium HDB development designed with a distinctive architectural style and integrated greenery.
It’s a short walk from Queenstown MRT station, near Alexandra Canal Linear Park, and minutes away from shopping malls like IKEA Alexandra, Anchorpoint, and Queensway Shopping Centre. These flats are not only centrally located but also part of a newer generation of BTO projects designed with a condo-like aesthetic, which makes them particularly attractive to buyers seeking exclusivity without leaving the HDB segment.
Over in the non-mature segment, the highest resale price was S$1.28 million for an Executive flat located along Hougang Avenue 6. The unit’s Executive status likely means a larger floor area and a generous layout. The area is also well-served by amenities, including several primary and secondary schools, Hougang MRT station, shopping malls like Hougang Mall and Heartland Mall, and a wide range of eateries.
3
2
3
2
3
2
3
2
3
2
2
1
4
2
3
2
3
2
3
1
What’s ahead for the HDB resale market?
June’s slight dip in transaction volume is likely less about changing market sentiment and more about timing. The school holidays often bring a natural slowdown, as families take time off for travel or prioritise family commitments over major decisions like home-buying. It’s a familiar mid-year lull, with both agents and buyers briefly stepping back before activity picks up again.
At the same time, attention may be shifting—at least temporarily—towards the upcoming July 2025 BTO and Sale of Balance Flats (SBF) exercises. With over 5,500 BTO flats set to be released across towns like Bukit Merah, Toa Payoh, Tampines, Clementi, and more, plus another 3,000 SBF units in the pipeline, eligible buyers might be exploring their options. These launches present a fresh batch of homes in both mature and non-mature estates, making them attractive alternatives to the resale market, especially for those mindful of budget.
As the holiday period wraps up and new launches enter the mix, we will continue to keep an eye on the market trends. Meanwhile, you can follow us on our Facebook channel or drop a hello in the comments!
About 99.co
We are a property search engine with the overarching goal of building a more transparent and efficient property market. We are working towards that future by empowering people with the tools and information needed to find a place to live in the best way possible.
Looking to sell your property?
Whether your HDB apartment is reaching the end of its Minimum Occupation Period (MOP) or your condo has crossed its Seller Stamp Duty (SSD) window, it is always good to know how much you can potentially gain if you were to list and sell your property. Not only that, you’ll also need to know whether your gains would allow you to right-size to the dream home in the neighbourhood you and your family have been eyeing.
One easy way is to send us a request for a credible and trusted property consultant to reach out to you.
Alternatively, you can jump onto 99.co’s Property Value Tool to get an estimate for free.
If you’re looking for your dream home, be it as a first-time or seasoned homebuyer or seller – say, to upgrade or right-size – you will find it on Singapore’s fastest-growing property portal 99.co.
Meanwhile, if you have an interesting property-related story to share with us, drop us a message here — and we’ll review it and get back to you.
Join our social media communities!
Facebook | Instagram | TikTok | Telegram | YouTube | Twitter
Leave a comment