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HDB resale prices fall for 1st time in nearly 7 years, June BTO exercise to offer 6,900 flats
HDB added that this comes after "five consecutive quarters of slower or no price growth".
April 01, 2026, 11:22 AM
Housing Development Board (HDB) resale flat prices have fallen for the first time in nearly seven years.
According to a flash estimate released by HDB on Apr. 1, the Resale Price Index (RPI) decreased by 0.1 per cent in the first quarter of 2026 as compared to the fourth quarter of 2025.
HDB added that this comes after "five consecutive quarters of slower or no price growth".
Screenshot from HDB
This marks the first decline since the second quarter of 2019, which was before the Covid-19 pandemic.
Resale volume in the first quarter of 2026, recorded up to Mar. 30, stood at 6,179 transactions, 4.5 per cent lower than 6,473 recorded in the same period in 2025.
Resale Price Index (RPI)
The RPI is used to compare the overall price trends of HDB resale flats to see how prices change over time; it is calculated using resale transactions registered across all towns, flat types and models.
According to HDB, the starting point is the first quarter of 2009 at a baseline of 100.
Hence, if the index increases from 100 to 108 in one year, HDB resale prices increased by 8 per cent that year.
The fourth quarter of 2025 recorded an index of 203.6, while the flash estimate for the first quarter of 2026 was 203.4, a negative 0.1 per cent change.
Upcoming BTO exercise
In an upcoming build-to-order (BTO) exercise in June 2026, 6,900 flats in Ang Mo Kio, Bishan, Bukit Merah, Sembawang and Woodlands will be offered, said HDB.
HDB added that more details will be shared during the sales exercise.
Flat buyers who wish to apply for a flat must have a valid HDB Flat Eligibility (HFE) letter when they submit their flat application.
HDB advised potential buyers to apply early and submit all required documents by May 15, 2026, to ensure that they can obtain their HFE letter in time.
HDB added that the "macroeconomic outlook has become more uncertain. Households should continue to exercise prudence when purchasing properties and taking out mortgage loans".
Top photo from Mothership
