HDB resale market report: May 2023
2,245 HDB resale flats were sold in May 2023, 3% more than in Apr 2023 and 4% more than a year earlier. The median 4-room flat sold for $550k ($534 per sq ft), 5.5% up on a year before per square foot. 34 flats sold for $1 million or more (30 a year earlier). 23 new town records were set.
2,245
flats sold · ▲ 3% on Apr
$550k
median price, all flats
34
sold for $1M+
23
new town records
Prices by flat type
| Flat type | Sales | Median | $psf | $psf vs Apr | $psf vs a year before |
|---|---|---|---|---|---|
| 3-room | 540 | $385k | $521 | ▼ 2.1% | ▲ 5.0% |
| 4-room | 1,016 | $550k | $534 | ▼ 0.4% | ▲ 5.5% |
| 5-room | 534 | $651k | $514 | ▲ 0.6% | ▲ 7.1% |
| Executive | 106 | $823k | $516 | ▼ 1.3% | ▲ 8.2% |
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 ▲ 28.3% $596 psf
- Sembawang ▲ 18.0% $544 psf
- Bukit Merah ▲ 17.3% $747 psf
- Queenstown ▲ 10.5% $781 psf
- Punggol ▲ 9.6% $594 psf
Towns rising slowest
- Kallang/Whampoa ▼ 4.7% $621 psf
- Clementi ▼ 2.1% $554 psf
- Jurong East ▲ 0.6% $474 psf
- Choa Chu Kang ▲ 0.9% $455 psf
- Serangoon ▲ 2.0% $537 psf
Median $psf over the 3 months to May 2023 against the same 3 months a year before, towns with at least 60 sales in both.
Busiest towns
Woodlands 199 · Sengkang 195 · Punggol 181 · Yishun 175 · Bukit Batok 138
Top 10 sales
| Month | Block | Type | Storey | sqm | Model | Lease left | Price | $psf |
|---|---|---|---|---|---|---|---|---|
| May 2023 | Blk 138A Lor 1a Toa Payoh Toa Payoh |
5-room | 34–36 | 114 | DBSS | 88y | $1,370,000 | $1,116 |
| May 2023 | Blk 9B Boon Tiong Rd Bukit Merah |
5-room | 07–09 | 112 | Improved | 92y | $1,278,000 | $1,060 |
| May 2023 | Blk 1E Cantonment Rd Central Area |
4-room | 43–45 | 93 | Type S1 | 87y | $1,270,000 | $1,269 |
| May 2023 | Blk 312C Clementi Ave 4 Clementi |
5-room | 28–30 | 113 | Improved | 93y | $1,240,888 | $1,020 |
| May 2023 | Blk 9 Boon Keng Rd Kallang/Whampoa |
5-room | 13–15 | 117 | DBSS | 87y | $1,238,888 | $984 |
| May 2023 | Blk 1E Cantonment Rd Central Area |
4-room | 25–27 | 94 | Type S1 | 87y | $1,238,000 | $1,224 |
| May 2023 | Blk 1A Cantonment Rd Central Area |
4-room | 31–33 | 94 | Type S1 | 87y | $1,218,000 | $1,204 |
| May 2023 | Blk 7 Toh Yi Dr Bukit Timah |
Executive | 04–06 | 142 | Apartment | 65y | $1,210,000 | $792 |
| May 2023 | Blk 7A C'wealth Ave Queenstown |
5-room | 10–12 | 138 | Model A | 72y | $1,200,000 | $808 |
| May 2023 | Blk 231 Bishan St 23 Bishan |
Executive | 04–06 | 146 | Maisonette | 68y | $1,123,000 | $715 |
New town records
| Block | Type | Price | Previous record |
|---|---|---|---|
| Blk 10B Bedok Sth Ave 2 Bedok | Executive | $1,110,888 | $1,071,888 |
| Blk 8B Upp Boon Keng Rd Kallang/Whampoa | 4-room | $1,100,000 | $1,068,888 |
| Blk 289D Bt Batok St 25 Bukit Batok | Executive | $1,088,000 | $1,008,888 |
| Blk 747A Bedok Reservoir Cres Bedok | 5-room | $1,028,000 | $968,000 |
| Blk 156 Tampines St 12 Tampines | Executive | $1,025,000 | $1,013,113 |
| Blk 9 Toh Yi Dr Bukit Timah | 5-room | $998,888 | $990,000 |
| Blk 216A Compassvale Dr Sengkang | 5-room | $935,000 | $928,000 |
| Blk 516 Jurong West St 52 Jurong West | Executive | $920,000 | $868,000 |
| Blk 188B Bedok Nth St 4 Bedok | 4-room | $868,000 | $828,888 |
| Blk 183 Jelebu Rd Bukit Panjang | 5-room | $820,000 | $818,000 |
| Blk 476A Upp Serangoon View Hougang | 4-room | $780,000 | $758,000 |
| Blk 591A Ang Mo Kio St 51 Ang Mo Kio | 3-room | $777,888 | $710,000 |
| Blk 530B Pasir Ris Dr 1 Pasir Ris | 4-room | $758,000 | $739,888 |
| Blk 691B Woodlands Dr 73 Woodlands | 5-room | $755,333 | $730,000 |
| Blk 817C Keat Hong Link Choa Chu Kang | 4-room | $610,000 | $608,000 |
| Blk 6 Farrer Rd Bukit Timah | 3-room | $570,000 | $498,000 |
| Blk 698A Jurong West Ctrl 3 Jurong West | 3-room | $525,000 | $515,000 |
| Blk 472B Fernvale St Sengkang | 3-room | $510,000 | $509,888 |
| Blk 440A Clementi Ave 3 Clementi | 2-room | $492,000 | $398,000 |
| Blk 636A Senja Rd Bukit Panjang | 3-room | $490,000 | $450,000 |
| Blk 450D Bt Batok West Ave 6 Bukit Batok | 2-room | $370,000 | $360,000 |
| Blk 987B Buangkok Green Hougang | 2-room | $358,000 | $356,000 |
| Blk 499A Tampines Ave 9 Tampines | 2-room | $350,000 | $348,000 |
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 May 2023 can still be added.