HDB resale market report: Jul 2023
2,052 HDB resale flats were sold in Jul 2023, 11% more than in Jun 2023 and 13% fewer than a year earlier. The median 4-room flat sold for $550k ($535 per sq ft), 4.1% up on a year before per square foot. 32 flats sold for $1 million or more (33 a year earlier). 13 new town records were set.
2,052
flats sold · ▲ 11% on Jun
$555k
median price, all flats
32
sold for $1M+
13
new town records
Prices by flat type
| Flat type | Sales | Median | $psf | $psf vs Jun | $psf vs a year before |
|---|---|---|---|---|---|
| 3-room | 476 | $395k | $534 | ▲ 0.0% | ▲ 7.4% |
| 4-room | 906 | $550k | $535 | ▼ 0.6% | ▲ 4.1% |
| 5-room | 499 | $655k | $507 | ▲ 0.0% | ▲ 2.2% |
| Executive | 124 | $823k | $527 | ▲ 2.3% | ▲ 6.7% |
Medians of the month's sales. A month's mix of flats moves medians too, so small changes are noise.
Towns rising fastest
- Bukit Merah ▲ 27.6% $792 psf
- Bukit Batok ▲ 26.8% $607 psf
- Sembawang ▲ 16.6% $559 psf
- Pasir Ris ▲ 8.3% $493 psf
- Punggol ▲ 8.0% $599 psf
Towns rising slowest
- Kallang/Whampoa ▼ 5.5% $650 psf
- Queenstown ▲ 0.1% $727 psf
- Clementi ▲ 1.3% $555 psf
- Serangoon ▲ 1.7% $554 psf
- Toa Payoh ▲ 1.8% $548 psf
Median $psf over the 3 months to Jul 2023 against the same 3 months a year before, towns with at least 60 sales in both.
Busiest towns
Sengkang 172 · Punggol 160 · Woodlands 159 · Yishun 146 · Tampines 145
Top 10 sales
| Month | Block | Type | Storey | sqm | Model | Lease left | Price | $psf |
|---|---|---|---|---|---|---|---|---|
| Jul 2023 | Blk 138C Lor 1a Toa Payoh Toa Payoh |
5-room | 34–36 | 114 | DBSS | 88y | $1,380,000 | $1,125 |
| Jul 2023 | Blk 138C Lor 1a Toa Payoh Toa Payoh |
5-room | 37–39 | 117 | DBSS | 88y | $1,328,000 | $1,054 |
| Jul 2023 | Blk 1B Cantonment Rd Central Area |
4-room | 28–30 | 95 | Type S1 | 87y | $1,320,000 | $1,291 |
| Jul 2023 | Blk 126A Kim Tian Rd Bukit Merah |
5-room | 40–42 | 113 | Improved | 89y | $1,320,000 | $1,085 |
| Jul 2023 | Blk 125 Kim Tian Rd Bukit Merah |
5-room | 10–12 | 137 | Model A | 71y | $1,260,000 | $854 |
| Jul 2023 | Blk 3 Toh Yi Dr Bukit Timah |
Executive | 04–06 | 146 | Maisonette | 64y | $1,248,000 | $794 |
| Jul 2023 | Blk 2 Toh Yi Dr Bukit Timah |
Executive | 01–03 | 146 | Maisonette | 64y | $1,200,000 | $764 |
| Jul 2023 | Blk 86 Dawson Rd Queenstown |
5-room | 28–30 | 104 | Premium Apartment | 92y | $1,200,000 | $1,072 |
| Jul 2023 | Blk 816 Woodlands St 82 Woodlands |
Executive | 07–09 | 177 | Apartment | 70y | $1,150,000 | $604 |
| Jul 2023 | Blk 312B Clementi Ave 4 Clementi |
5-room | 19–21 | 113 | Improved | 93y | $1,145,000 | $941 |
New town records
| Block | Type | Price | Previous record |
|---|---|---|---|
| Blk 816 Woodlands St 82 Woodlands | Executive | $1,150,000 | $1,100,000 |
| Blk 633 Veerasamy Rd Central Area | Executive | $1,118,000 | $950,000 |
| Blk 131A Lor 1 Toa Payoh Toa Payoh | 4-room | $1,100,000 | $1,050,000 |
| Blk 132 Geylang East Ave 1 Geylang | Executive | $1,028,000 | $1,020,000 |
| Blk 216A Compassvale Dr Sengkang | 5-room | $945,000 | $935,000 |
| Blk 530C Pasir Ris Dr 1 Pasir Ris | 4-room | $810,000 | $758,000 |
| Blk 322C Sumang Walk Punggol | 4-room | $750,000 | $746,888 |
| Blk 603 Senja Rd Bukit Panjang | 4-room | $725,000 | $710,000 |
| Blk 697B Jurong West Ctrl 3 Jurong West | 4-room | $695,000 | $690,000 |
| Blk 535 Upp Cross St Central Area | 3-room | $600,000 | $599,000 |
| Blk 813A Yishun Ring Rd Yishun | 3-room | $535,000 | $533,888 |
| Blk 694D Woodlands Dr 62 Woodlands | 2-room | $370,000 | $348,000 |
| Blk 166A Teck Whye Cres Choa Chu Kang | 2-room | $325,000 | $320,000 |
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 Jul 2023 can still be added.