HDB resale market report: Dec 2018
1,423 HDB resale flats were sold in Dec 2018, 24% fewer than in Nov 2018 and 10% fewer than a year earlier. The median 4-room flat sold for $395k ($385 per sq ft), 2.0% down on a year before per square foot. 4 flats sold for $1 million or more (4 a year earlier). 3 new town records were set.
1,423
flats sold · ▼ 24% on Nov
$395k
median price, all flats
4
sold for $1M+
3
new town records
Prices by flat type
| Flat type | Sales | Median | $psf | $psf vs Nov | $psf vs a year before |
|---|---|---|---|---|---|
| 3-room | 357 | $285k | $394 | ▲ 0.8% | ▼ 2.5% |
| 4-room | 597 | $395k | $385 | ▼ 0.8% | ▼ 2.0% |
| 5-room | 352 | $477k | $378 | ▲ 2.4% | ▲ 0.3% |
| Executive | 97 | $600k | $390 | ▼ 1.3% | ▼ 1.3% |
Medians of the month's sales. A month's mix of flats moves medians too, so small changes are noise.
Towns rising fastest
- Punggol ▲ 2.2% $441 psf
- Sengkang ▲ 1.8% $395 psf
- Hougang ▲ 1.4% $383 psf
- Kallang/Whampoa ▲ 1.3% $494 psf
- Pasir Ris ▲ 0.8% $360 psf
Towns rising slowest
- Toa Payoh ▼ 11.5% $430 psf
- Bukit Merah ▼ 7.7% $555 psf
- Serangoon ▼ 7.0% $418 psf
- Bukit Batok ▼ 5.7% $350 psf
- Clementi ▼ 4.7% $465 psf
Median $psf over the 3 months to Dec 2018 against the same 3 months a year before, towns with at least 60 sales in both.
Busiest towns
Woodlands 125 · Sengkang 108 · Punggol 103 · Jurong West 100 · Yishun 95
Top 10 sales
| Month | Block | Type | Storey | sqm | Model | Lease left | Price | $psf |
|---|---|---|---|---|---|---|---|---|
| Dec 2018 | Blk 138A Lor 1a Toa Payoh Toa Payoh |
5-room | 37–39 | 114 | DBSS | 92y | $1,150,000 | $937 |
| Dec 2018 | Blk 9A Boon Tiong Rd Bukit Merah |
5-room | 37–39 | 112 | Improved | 96y | $1,150,000 | $954 |
| Dec 2018 | Blk 53 C'wealth Dr Queenstown |
5-room | 31–33 | 117 | Improved | 95y | $1,038,000 | $824 |
| Dec 2018 | Blk 9A Boon Tiong Rd Bukit Merah |
4-room | 34–36 | 92 | Model A | 96y | $1,000,000 | $1,010 |
| Dec 2018 | Blk 138A Lor 1a Toa Payoh Toa Payoh |
5-room | 25–27 | 114 | DBSS | 92y | $993,000 | $809 |
| Dec 2018 | Blk 441 Sin Ming Ave Bishan |
Executive | 10–12 | 175 | Maisonette | 70y | $990,000 | $526 |
| Dec 2018 | Blk 1E Cantonment Rd Central Area |
5-room | 07–09 | 107 | Type S2 | 91y | $988,000 | $858 |
| Dec 2018 | Blk 18D Holland Dr Queenstown |
5-room | 04–06 | 117 | Improved | 92y | $980,000 | $778 |
| Dec 2018 | Blk 273A Bishan St 24 Bishan |
5-room | 10–12 | 120 | DBSS | 91y | $980,000 | $759 |
| Dec 2018 | Blk 148 Mei Ling St Queenstown |
Executive | 04–06 | 145 | Apartment | 75y | $970,000 | $621 |
New town records
| Block | Type | Price | Previous record |
|---|---|---|---|
| Blk 9A Boon Tiong Rd Bukit Merah | 5-room | $1,150,000 | $1,120,000 |
| Blk 347A Yishun Ave 11 Yishun | 5-room | $720,000 | $695,000 |
| Blk 348D Yishun Ave 11 Yishun | 4-room | $609,888 | $520,000 |
From HDB's resale transactions on data.gov.sg as at Oct 2026. Sales are counted in the month their resale was registered; a few more for Dec 2018 can still be added.