For anyone considering buying or selling a flat, HDB resale price is an essential part of understanding the property landscape. Factors influencing resale prices include location (mature vs non-mature estates), flat size (3-room, 4-room, etc.), renovation quality, and proximity to MRT or schools.
The market saw a surge post-pandemic, with record-high prices in some popular estates due to low supply and high demand. Rare flat types (like maisonettes or DBSS) and flats near top schools can also sell above average.
Anyone can view past transaction prices for specific addresses on HDB’s official portal website to gauge the current market. Online tools provide estimated valuations and reports to help with negotiation or loan planning.
Policy tweaks may affect affordability, borrowing limits, or grant eligibility for first-timers and upgraders.
All in all, understanding HDB resale price movements will help you make better decisions in Singapore’s ever-changing housing market.