HDB resale prices stay stable in June 2026 as million-dollar flat sales hit new high

Singapore’s HDB resale market remained steady in June 2026, even as sales activity softened slightly. Overall resale prices stayed stable month-on-month and were also unchanged compared to June 2025.

According to Luqman Hakim, Chief Data & Analytics Officer at 99.co, the gap between stable prices and softer sales volume suggests that the HDB resale market is moving into a more balanced phase. Prices are still holding firm, but buyers are becoming more selective at current price levels. As a result, the market appears to be adjusting through slower sales activity rather than lower prices.

Prices held steady despite mixed movements across flat types

Overall HDB resale prices remained stable in June 2026, although performance differed across estate types and flat sizes.

Prices in Mature Estates rose by 0.6% month-on-month, while prices in Non-Mature Estates fell by 0.3%. This suggests that homes in more established towns continued to enjoy stronger support, likely due to their transport links, amenities, and location appeal.

By flat type, 3-room and 5-room flats recorded price increases, while 4-room and Executive flats saw declines.

Still, the overall market did not weaken. Luqman noted that sellers are not significantly lowering their asking prices, even as buyers take more time to commit. Therefore, fewer deals may be completed, but prices are not falling sharply.

Year-on-year prices also remained stable

Compared to June 2025, overall HDB resale prices were unchanged. This points to a slower and steadier market after several years of stronger price growth.

However, different flat types moved in different directions. On a yearly basis, 3-room flat prices fell by 1.1%, while 4-room flat prices remained stable. Meanwhile, 5-room and Executive flat prices rose by 0.8% and 0.1%, respectively.

The difference between Mature and Non-Mature Estates also remained clear. Prices in Mature Estates increased by 0.6% year-on-year, while prices in Non-Mature Estates slipped by 0.5%.

Resale volume eased slightly

A total of 2,137 HDB resale flats were transacted in June 2026, representing a 0.1% decrease from May 2026. On a year-on-year basis, resale volume was 6.1% lower.

Luqman noted that some buyers may have chosen to wait for the June 2026 BTO launch before committing to a resale flat. This is especially likely among buyers weighing a shorter waiting time against the possibility of getting a more affordable new flat. For these buyers, the decision is not always straightforward. Resale flats offer faster move-in timelines and more location choices, while BTO flats may be cheaper for those who can wait. As a result, some demand may have been temporarily held back in June.

By flat type, 4-room flats continued to make up the largest share of transactions at 44.7%. This was followed by 3-room flats at 24.7%, 5-room flats at 24.1%, and Executive flats at 6.4%.

By estate type, Non-Mature Estates accounted for 56.8% of resale transactions, while Mature Estates made up the remaining 43.2%.

Highest resale price reached S$1.65 million

The highest HDB resale price recorded in June 2026 was S$1.65 million for a 5-room flat at SkyTerrace @ Dawson.

This reflects the continued strength of well-located, newer flats in mature estates. Dawson remains one of the most closely watched HDB resale markets, given its city-fringe location and strong appeal among buyers who want public housing in a prime area.

In Non-Mature Estates, the highest transacted price was S$1.275 million for an Executive flat in Hougang Central.

Million-dollar flat sales hit a new all-time high

The standout figure in June was the number of million-dollar flats sold. In total, 188 HDB resale flats were transacted for at least S$1 million, up from 166 units in May 2026. These million-dollar flats made up 8.8% of all resale transactions during the month.

Luqman noted that activity at the top end of the market continues to grow, even though overall resale volume has softened. More flats are crossing the S$1 million mark, despite the overall pool of buyers not expanding significantly.

He added that this helps explain why overall price indices have remained largely stable while new record prices continue to be set. In other words, a growing number of high-value transactions is lifting the upper end of the market without necessarily pushing up median prices across all flat types.

Bukit Merah and Toa Payoh each recorded 28 million-dollar flat transactions in June, making them the top towns for such deals. Queenstown followed with 23 transactions. Other million-dollar flat transactions came from Kallang/Whampoa, Clementi, Ang Mo Kio, Tampines, Bishan, Bedok, Geylang, Central Area, Hougang, Bukit Timah, Punggol, Serangoon, Bukit Panjang, Pasir Ris, Woodlands, Sengkang, Jurong East, Bukit Batok, and Yishun.

This wider spread suggests that the million-dollar market is no longer limited to only a few central estates. While mature and city-fringe towns still dominate, high-value transactions are becoming more common across Singapore.

More MOP flats could improve resale supply

Looking ahead, resale supply is expected to improve. More than 13,000 HDB flats have reached their five-year Minimum Occupation Period (MOP) in 2026. This is up 93% year-on-year from around 6,980 flats in 2025.

Read more: Thinking about buying? These HDB projects are reaching MOP in 2026

Large MOP cohorts are expected from towns such as Punggol, Sengkang, Tengah, and Bidadari. As more owners become eligible to sell, more resale listings are likely to enter the market. According to Luqman, this should give buyers a wider selection of homes and greater negotiating leverage. At the same time, the increase in supply could help keep the market broadly balanced.

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