HDB resale market report: Aug 2023
2,467 HDB resale flats were sold in Aug 2023, 20% more than in Jul 2023 and 7% more than a year earlier. The median 4-room flat sold for $559k ($553 per sq ft), 9.9% up on a year before per square foot. 54 flats sold for $1 million or more (33 a year earlier). 24 new town records were set.
2,467
flats sold · ▲ 20% on Jul
$555k
median price, all flats
54
sold for $1M+
24
new town records
Prices by flat type
| Flat type | Sales | Median | $psf | $psf vs Jul | $psf vs a year before |
|---|---|---|---|---|---|
| 3-room | 627 | $390k | $529 | ▼ 0.9% | ▲ 5.6% |
| 4-room | 1,068 | $559k | $553 | ▲ 3.4% | ▲ 9.9% |
| 5-room | 548 | $650k | $510 | ▲ 0.6% | ▲ 4.5% |
| Executive | 150 | $829k | $524 | ▼ 0.6% | ▲ 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 ▲ 28.1% $778 psf
- Bukit Batok ▲ 25.2% $601 psf
- Sembawang ▲ 16.6% $559 psf
- Punggol ▲ 8.5% $601 psf
- Woodlands ▲ 7.7% $474 psf
Towns rising slowest
- Kallang/Whampoa ▼ 2.4% $642 psf
- Choa Chu Kang ▲ 0.6% $457 psf
- Toa Payoh ▲ 2.0% $548 psf
- Queenstown ▲ 2.3% $749 psf
- Bukit Panjang ▲ 2.7% $492 psf
Median $psf over the 3 months to Aug 2023 against the same 3 months a year before, towns with at least 60 sales in both.
Busiest towns
Sengkang 198 · Punggol 189 · Yishun 182 · Woodlands 178 · Jurong West 147
Top 10 sales
| Month | Block | Type | Storey | sqm | Model | Lease left | Price | $psf |
|---|---|---|---|---|---|---|---|---|
| Aug 2023 | Blk 1D Cantonment Rd Central Area |
5-room | 28–30 | 107 | Type S2 | 86y | $1,480,000 | $1,285 |
| Aug 2023 | Blk 139B Lor 1a Toa Payoh Toa Payoh |
5-room | 40–42 | 114 | DBSS | 87y | $1,460,000 | $1,190 |
| Aug 2023 | Blk 1B Cantonment Rd Central Area |
4-room | 49–51 | 94 | Type S1 | 86y | $1,410,000 | $1,394 |
| Aug 2023 | Blk 96A Henderson Rd Bukit Merah |
5-room | 43–45 | 113 | Improved | 94y | $1,375,000 | $1,130 |
| Aug 2023 | Blk 9B Boon Tiong Rd Bukit Merah |
5-room | 22–24 | 112 | Improved | 91y | $1,325,000 | $1,099 |
| Aug 2023 | Blk 1G Cantonment Rd Central Area |
4-room | 46–48 | 93 | Type S1 | 86y | $1,320,000 | $1,319 |
| Aug 2023 | Blk 1G Cantonment Rd Central Area |
4-room | 37–39 | 95 | Type S1 | 86y | $1,305,000 | $1,276 |
| Aug 2023 | Blk 88 Dawson Rd Queenstown |
5-room | 31–33 | 104 | Premium Apartment | 91y | $1,270,000 | $1,134 |
| Aug 2023 | Blk 1C Cantonment Rd Central Area |
4-room | 31–33 | 94 | Type S1 | 86y | $1,233,000 | $1,219 |
| Aug 2023 | Blk 1B Cantonment Rd Central Area |
4-room | 19–21 | 93 | Type S1 | 86y | $1,220,000 | $1,219 |
New town records
| Block | Type | Price | Previous record |
|---|---|---|---|
| Blk 1D Cantonment Rd Central Area | 5-room | $1,480,000 | $1,400,000 |
| Blk 139B Lor 1a Toa Payoh Toa Payoh | 5-room | $1,460,000 | $1,420,000 |
| Blk 1B Cantonment Rd Central Area | 4-room | $1,410,000 | $1,400,000 |
| Blk 418 Ang Mo Kio Ave 10 Ang Mo Kio | Executive | $1,200,000 | $1,138,000 |
| Blk 115 Clementi St 13 Clementi | Executive | $1,100,000 | $1,030,000 |
| Blk 519D Tampines Ctrl 8 Tampines | 5-room | $1,000,000 | $970,000 |
| Blk 312A Clementi Ave 4 Clementi | 4-room | $988,000 | $981,000 |
| Blk 410 Serangoon Ctrl Serangoon | 5-room | $900,000 | $880,000 |
| Blk 176 Lompang Rd Bukit Panjang | 5-room | $835,000 | $820,000 |
| Blk 168A Simei Lane Tampines | 4-room | $830,000 | $790,000 |
| Blk 293B Bt Batok St 21 Bukit Batok | 4-room | $788,000 | $785,000 |
| Blk 271B Punggol Walk Punggol | 4-room | $778,888 | $750,000 |
| Blk 138D Yuan Ching Rd Jurong West | 4-room | $702,000 | $695,000 |
| Blk 18B Circuit Rd Geylang | 3-room | $685,000 | $650,000 |
| Blk 130A Canberra Cres Sembawang | 4-room | $640,000 | $638,000 |
| Blk 637 Choa Chu Kang Nth 6 Choa Chu Kang | 4-room | $638,000 | $615,000 |
| Blk 185B Woodlands St 13 Woodlands | 4-room | $615,000 | $612,888 |
| Blk 43 Moh Guan Ter Bukit Merah | 2-room | $585,000 | $560,000 |
| Blk 188 Bishan St 13 Bishan | 3-room | $520,000 | $511,000 |
| Blk 115D Canberra Walk Sembawang | 3-room | $492,000 | $475,000 |
| Blk 27 Ghim Moh Link Queenstown | 2-room | $490,000 | $442,000 |
| Blk 104D Canberra St Sembawang | 2-room | $366,000 | $362,000 |
| Blk 371 Jurong East St 32 Jurong East | 2-room | $336,000 | $315,000 |
| Blk 8 Lor Lew Lian Serangoon | 2-room | $285,000 | $283,000 |
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 Aug 2023 can still be added.