HDB resale market report: Mar 2023
2,277 HDB resale flats were sold in Mar 2023, 24% more than in Feb 2023 and 1% more than a year earlier. The median 4-room flat sold for $544k ($531 per sq ft), 8.1% up on a year before per square foot. 39 flats sold for $1 million or more (27 a year earlier). 18 new town records were set.
2,277
flats sold · ▲ 24% on Feb
$544k
median price, all flats
39
sold for $1M+
18
new town records
Prices by flat type
| Flat type | Sales | Median | $psf | $psf vs Feb | $psf vs a year before |
|---|---|---|---|---|---|
| 3-room | 579 | $390k | $527 | ▲ 1.5% | ▲ 6.7% |
| 4-room | 996 | $544k | $531 | ▲ 1.1% | ▲ 8.1% |
| 5-room | 512 | $640k | $505 | ▲ 2.2% | ▲ 7.7% |
| Executive | 133 | $809k | $514 | ▲ 2.8% | ▲ 10.1% |
Medians of the month's sales. A month's mix of flats moves medians too, so small changes are noise.
Towns rising fastest
- Bukit Batok ▲ 24.8% $571 psf
- Sembawang ▲ 14.4% $519 psf
- Woodlands ▲ 11.6% $471 psf
- Punggol ▲ 11.2% $589 psf
- Bishan ▲ 10.8% $659 psf
Towns rising slowest
- Kallang/Whampoa ▼ 2.1% $610 psf
- Choa Chu Kang ▲ 2.2% $453 psf
- Clementi ▲ 2.9% $553 psf
- Jurong East ▲ 5.0% $471 psf
- Toa Payoh ▲ 5.8% $544 psf
Median $psf over the 3 months to Mar 2023 against the same 3 months a year before, towns with at least 60 sales in both.
Busiest towns
Punggol 188 · Woodlands 176 · Tampines 167 · Yishun 158 · Sengkang 156
Top 10 sales
| Month | Block | Type | Storey | sqm | Model | Lease left | Price | $psf |
|---|---|---|---|---|---|---|---|---|
| Mar 2023 | Blk 1G Cantonment Rd Central Area |
5-room | 37–39 | 106 | Type S2 | 87y | $1,400,000 | $1,227 |
| Mar 2023 | Blk 273A Bishan St 24 Bishan |
5-room | 34–36 | 120 | DBSS | 87y | $1,390,000 | $1,076 |
| Mar 2023 | Blk 1E Cantonment Rd Central Area |
5-room | 22–24 | 107 | Type S2 | 87y | $1,380,000 | $1,198 |
| Mar 2023 | Blk 273A Bishan St 24 Bishan |
5-room | 31–33 | 120 | DBSS | 87y | $1,315,000 | $1,018 |
| Mar 2023 | Blk 139A Lor 1a Toa Payoh Toa Payoh |
5-room | 28–30 | 117 | DBSS | 88y | $1,300,000 | $1,032 |
| Mar 2023 | Blk 1C Cantonment Rd Central Area |
5-room | 10–12 | 106 | Type S2 | 87y | $1,260,000 | $1,104 |
| Mar 2023 | Blk 1F Cantonment Rd Central Area |
4-room | 40–42 | 93 | Type S1 | 87y | $1,225,000 | $1,224 |
| Mar 2023 | Blk 22 Ghim Moh Link Queenstown |
5-room | 25–27 | 113 | Improved | 89y | $1,223,000 | $1,005 |
| Mar 2023 | Blk 149 Mei Ling St Queenstown |
Executive | 10–12 | 148 | Apartment | 71y | $1,200,000 | $753 |
| Mar 2023 | Blk 153 Lor 2 Toa Payoh Toa Payoh |
5-room | 28–30 | 124 | Improved | 75y | $1,200,000 | $899 |
New town records
| Block | Type | Price | Previous record |
|---|---|---|---|
| Blk 1G Cantonment Rd Central Area | 5-room | $1,400,000 | $1,388,889 |
| Blk 273A Bishan St 24 Bishan | 5-room | $1,390,000 | $1,360,000 |
| Blk 46 Bendemeer Rd Kallang/Whampoa | Executive | $1,146,000 | $1,095,000 |
| Blk 8A Upp Boon Keng Rd Kallang/Whampoa | 4-room | $1,068,888 | $1,000,000 |
| Blk 591A Ang Mo Kio St 51 Ang Mo Kio | 4-room | $990,000 | $968,000 |
| Blk 18D Circuit Rd Geylang | 4-room | $868,000 | $840,000 |
| Blk 115 Edgefield Plains Punggol | Executive | $770,000 | $750,000 |
| Blk 440B Clementi Ave 3 Clementi | 3-room | $760,000 | $700,000 |
| Blk 185 Jelebu Rd Bukit Panjang | 4-room | $710,000 | $680,000 |
| Blk 314B Punggol Way Punggol | 4-room | $700,888 | $700,000 |
| Blk 293D Bt Batok St 21 Bukit Batok | 3-room | $545,000 | $542,000 |
| Blk 323 Serangoon Ave 3 Serangoon | 3-room | $495,000 | $473,000 |
| Blk 418B Fernvale Link Sengkang | 2-room | $386,888 | $376,000 |
| Blk 327B Sumang Walk Punggol | 2-room | $362,000 | $360,000 |
| Blk 560A Jurong West St 42 Jurong West | 2-room | $360,000 | $350,000 |
| Blk 987B Buangkok Green Hougang | 2-room | $356,000 | $330,000 |
| Blk 499A Tampines Ave 9 Tampines | 2-room | $348,000 | $345,000 |
| Blk 23 Teban Gdns Rd Jurong East | 2-room | $315,000 | $308,000 |
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 Mar 2023 can still be added.