Resale Flat Volumes Rose in May, Despite Falling Prices

2 min read

There was an increase in resale flats sold in May, even as resale prices dipped month on month. Here’s what’s happening:

There were 2,075 resale flat transactions in May, an increase of 7.5 per cent from the 1,931 transacted units in April. Resale volume was 18.3 per cent higher compared to the same time last year.

However, resale prices in May dipped 0.2 per cent. Mature estates saw a dip of just 0.1 per cent while non-mature estates dipped 0.2 per cent. Overall, this is down 1.2 per cent from the same time last year, and down 14.1 per cent from the last resale peak in April 2013.

Executive flats suffered the most drastic drop in prices; prices dipped by 0.6 per cent for executive flats, while three-, four-, and five-bedders each fell 0.2 per cent.

HDB resale flat
There were an increase in Housing Board (HDB) resale flats sold in May as compared to April.

The number of flats reaching MOP may account for this

More flats are reaching their Minimum Occupancy Period (MOP) this year. When this happens, upgraders put their flats on the market and start looking for private housing instead. This can result in a spike in resale transactions, even as prices dip due to higher supply.

This may result in a corresponding uptick in private property sales volumes and prices, however slight. We’ll update you as the situation unfolds.

Voice your thoughts in our comments section or on our Facebook community page.

Looking for a property? Find the home of your dreams today on Singapore’s largest property portal! You can also access a wide range of tools to calculate your down payments and loan repayments, to make an informed purchase.

New launch alert! Welcome to Grand Dunman

Grand Dunman Registration


Select an Option
Country Code and Mobile Number

About Madeline Foo

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’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

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 | TelegramYouTube | Twitter

Reader Interactions

Leave a comment

Your email address will not be published. Required fields are marked *

Get the latest news in your inbox

  • This field is for validation purposes and should be left unchanged.