HDB resale prices up by 0.3% MoM in March

A total of 2,063 HDB resale flats were transacted in March 2024.

HDB resale prices in Singapore increased by 0.3% in MoM and 6.2% YoY in March, as per data from 99.co and SRX.

Both mature and non-mature estates prices increased by 0.5% and 0.6%, respectively, MoM. 

MoM, amongst different room types, 3 Room prices decreased by 0.1%, 4 Room increased by 0.5%, 5 Room increased by 1.0%, and Executive decreased by 0.5%.

All room types recorded YoY rent increases in March, with 3 Room by 5.6%, 4 Room by 6.3%, 5 Room by 6.8%, and Executive by 4.4%. Both mature and non-mature estates prices rose by 6.0% from a year ago.

ALSO READ: HDB resale prices climb 0.5% MoM in February

In March 2024, there is a total of 2,063 HDB resale flats transactions, a 3.3% decrease from February 2024 and a 9.8% decrease from the previous year. Of these, 24.8% were 3 Room, 43.6% were 4 Room, 25.2% were 5 Room, and 6.4% were Executive. Additionally, 59.9% of the resale volume came from non-mature estates, with the remaining 40.1% from mature estates.

The highest transacted price for a resale flat in March 2024 was $1.5m for a 5 Room flat at Boon Tiong Rd, whilst in non-mature estates, it was $1.2m for an executive apartment at Yishun Ave 4.

In the same month, 61 HDB resale flats were transacted for at least $1m, making up 3.0% of the total resale volumes. Toa Payoh recorded nine units of million-dollar flats sold, followed by Kallang Whampoa, Bukit Merah, and Clementi, each with seven units.