HDB resale market report: Oct 2023
2,189 HDB resale flats were sold in Oct 2023, 11% more than in Sep 2023 and 12% more than a year earlier. The median 4-room flat sold for $558k ($548 per sq ft), 4.2% up on a year before per square foot. 40 flats sold for $1 million or more (38 a year earlier). 13 new town records were set.
2,189
flats sold · ▲ 11% on Sep
$555k
median price, all flats
40
sold for $1M+
13
new town records
Prices by flat type
| Flat type | Sales | Median | $psf | $psf vs Sep | $psf vs a year before |
|---|---|---|---|---|---|
| 3-room | 535 | $390k | $533 | ▲ 0.6% | ▲ 3.3% |
| 4-room | 1,006 | $558k | $548 | ▲ 1.3% | ▲ 4.2% |
| 5-room | 466 | $649k | $514 | ▲ 0.8% | ▲ 2.4% |
| Executive | 117 | $840k | $529 | ▲ 0.2% | ▲ 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 Batok ▲ 21.2% $581 psf
- Bukit Merah ▲ 12.7% $735 psf
- Bishan ▲ 8.4% $677 psf
- Serangoon ▲ 7.9% $581 psf
- Punggol ▲ 7.4% $609 psf
Towns rising slowest
- Kallang/Whampoa ▼ 12.3% $595 psf
- Choa Chu Kang ▼ 1.7% $464 psf
- Toa Payoh ▲ 0.8% $548 psf
- Sembawang ▲ 2.0% $545 psf
- Bukit Panjang ▲ 2.9% $497 psf
Median $psf over the 3 months to Oct 2023 against the same 3 months a year before, towns with at least 60 sales in both.
Busiest towns
Sengkang 197 · Punggol 181 · Woodlands 166 · Hougang 150 · Bukit Batok 138
Top 10 sales
| Month | Block | Type | Storey | sqm | Model | Lease left | Price | $psf |
|---|---|---|---|---|---|---|---|---|
| Oct 2023 | Blk 96A Henderson Rd Bukit Merah |
5-room | 19–21 | 113 | Improved | 94y | $1,450,000 | $1,192 |
| Oct 2023 | Blk 1C Cantonment Rd Central Area |
5-room | 43–45 | 106 | Type S2 | 86y | $1,438,888 | $1,261 |
| Oct 2023 | Blk 223 Bishan St 23 Bishan |
Executive | 13–15 | 141 | Apartment | 67y | $1,350,000 | $889 |
| Oct 2023 | Blk 1G Cantonment Rd Central Area |
4-room | 37–39 | 95 | Type S1 | 86y | $1,330,000 | $1,301 |
| Oct 2023 | Blk 8B Upp Boon Keng Rd Kallang/Whampoa |
4-room | 28–30 | 98 | Premium Apartment | 92y | $1,300,888 | $1,233 |
| Oct 2023 | Blk 451 Sin Ming Ave Bishan |
Executive | 10–12 | 182 | Maisonette | 65y | $1,288,000 | $657 |
| Oct 2023 | Blk 312C Clementi Ave 4 Clementi |
5-room | 28–30 | 113 | Improved | 92y | $1,250,000 | $1,028 |
| Oct 2023 | Blk 440C Clementi Ave 3 Clementi |
5-room | 13–15 | 112 | Improved | 93y | $1,208,000 | $1,002 |
| Oct 2023 | Blk 13 Toh Yi Dr Bukit Timah |
5-room | 13–15 | 128 | Improved | 63y | $1,180,000 | $856 |
| Oct 2023 | Blk 311A Clementi Ave 4 Clementi |
5-room | 28–30 | 105 | DBSS | 89y | $1,160,000 | $1,026 |
New town records
| Block | Type | Price | Previous record |
|---|---|---|---|
| Blk 96A Henderson Rd Bukit Merah | 5-room | $1,450,000 | $1,430,000 |
| Blk 8B Upp Boon Keng Rd Kallang/Whampoa | 4-room | $1,300,888 | $1,100,000 |
| Blk 326 Ubi Ave 1 Geylang | Executive | $1,060,000 | $1,028,000 |
| Blk 591A Ang Mo Kio St 51 Ang Mo Kio | 4-room | $1,000,000 | $990,000 |
| Blk 415 Serangoon Ctrl Serangoon | 5-room | $980,000 | $900,000 |
| Blk 310 Canberra Rd Sembawang | Executive | $810,000 | $795,000 |
| Blk 217C Compassvale Dr Sengkang | 4-room | $793,000 | $770,000 |
| Blk 183A Woodlands St 13 Woodlands | 4-room | $652,888 | $645,000 |
| Blk 115D Canberra Walk Sembawang | 4-room | $648,000 | $640,000 |
| Blk 520C Tampines Ctrl 8 Tampines | 3-room | $620,000 | $612,000 |
| Blk 289B Punggol Pl Punggol | 3-room | $530,000 | $528,000 |
| Blk 302A Woodlands St 31 Woodlands | 3-room | $505,000 | $490,000 |
| Blk 522A Tampines Ctrl 7 Tampines | 2-room | $395,000 | $365,000 |
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 Oct 2023 can still be added.