HDB resale prices Q3 2026: what does the 0.1% dip mean for you?
'Are HDB resale prices finally coming down?' Only just: they slipped 0.1% in Q3 2026, their third small fall in a row this year. Sales went the other way, with 7,645 resale flats sold. That's the quarter a 15-month wait-out ended for private home owners buying a non-subsidised resale flat. So what do flat prices and a busy market mean for you? It depends on whether you're buying, selling or waiting for a BTO, so here's what moved and who was buying.
How much did HDB resale prices fall in Q3 2026?
By 0.1%, after dips of 0.1% in the first quarter and 0.3% in the second. That first-quarter fall was the first in close to seven years.
So resale prices have now eased for three quarters running, in small steps each time.
Sales went the other way, though. In the third quarter, 7,645 resale flats changed hands, up 19.5% from 6,396 in the second quarter.
That's also 5.9% more than the 7,221 flats sold in the same quarter of 2025.
HDB resale flats sold in a quarter, Q3 2025 to Q3 2026
| Quarter | Resale flats sold |
|---|---|
| Q3 2025 | 7,221 |
| Q2 2026 | 6,396 |
| Q3 2026 | 7,645 |
Why are more flats selling if prices aren't rising?
One likely reason is a rule that ended in July.
From September 2022, private home owners buying a non-subsidised HDB resale flat had to sit out a 15-month wait-out first. The rule covered former private home owners too. It was there to cool demand from private owners with cash to spend.
The wait-out was lifted on 28 July 2026. By then, market conditions had improved after several quarters of resale price moderation.
Before that, buyers aged 55 and up could skip the wait, but only for a four-room or smaller flat. So bigger flats are where you'd expect the change to show.
Five-room flat sales rose 26.7% to 1,867 in the quarter, and executive flat sales jumped 41.6% to 545. That's the most five-room and bigger flats sold in a quarter since Q3 2022.
One reading: private home owners who no longer have to wait are behind part of that jump. The other side: HDB's figures show no big rise since 28 July in the flats private downgraders bought or the prices they paid.
Our guide to the end of the 15-month wait-out covers who it applied to and what changed.
Real talk: why are there more million-dollar flats if prices dipped?
The 0.1% covers the whole market, and the top end moved on its own. In the third quarter, 596 flats sold for S$1 million or more, up from 490 the quarter before.
That's 1,497 million-dollar flats in the first nine months of 2026. About half were flats aged 15 years or younger.
At the very top, twenty-six flats sold for S$1.5 million or more. All were five-room or executive flats, in Queenstown, Bishan, Toa Payoh, Bukit Merah, Clementi, Kallang/Whampoa and the central area.
By typical price, executive flats in Serangoon were the priciest, at S$1.13 million. Four-room flats in Queenstown came next at S$1.065 million, up from S$1.035 million in the second quarter. (That Queenstown figure will probably come up at your next family dinner.)
Did private home prices fall too?
No, they went up 1.4% in the third quarter, faster than the 0.5% rise in the second.
Landed homes led with a 2.9% rise. Non-landed homes rose 1.0%: up 0.3% in the core central region, flat in the city fringe and up 2.3% in the suburbs.
Fewer private homes sold, though: 5,146 units, not counting executive condos. That's down 16.3% from 6,148 the quarter before.
Most of that drop was new launches. Leaving out executive condos, developers sold 1,183 new homes, down 44.7% from 2,141. Resales held steady at 3,801.
Over the first three quarters of 2026, private prices rose 0.9% a quarter on average. That's about the same pace as in the first three quarters of 2025. Our guide to URA private property prices explains how the index works.
| Measure | HDB resale flats | Private homes |
|---|---|---|
| Price change, Q2 2026 | down 0.3% | up 0.5% |
| Price change, Q3 2026 | down 0.1% | up 1.4% |
| Homes sold, Q2 2026 | 6,396 | 6,148 |
| Homes sold, Q3 2026 | 7,645 | 5,146 |
So, what does this mean if you're buying or selling?
It depends on which side of the deal you're on, and which flat you want.
You're buying a five-room or bigger flat
1,867 five-room flats sold in Q3
- Five-room sales rose 26.7%, and executive flat sales 41.6%.
You're buying your first resale flat
0.1% resale price dip in Q3 2026
- Resale prices overall have dipped three quarters in a row, by 0.3% or less each time.
Your parents own a condo and want a resale flat
- No 15-month wait-out for a non-subsidised resale flat since 28 July 2026.
You're waiting for a BTO flat
about 7,960 BTO flats in November 2026
- In Tengah, Yishun, Sembawang, Toa Payoh, Geylang and Bedok.
If you're after a five-room or executive flat, you're shopping where sales grew faster than the market as a whole. Five-room sales rose 26.7% and executive sales 41.6%, against 19.5% for all resale flats.
If you're buying a smaller flat, keep in mind that the dips are for all resale flats together. Across the whole resale market, prices have fallen three quarters in a row, by 0.3% or less each time. They aren't a separate figure for smaller flats.
Whatever you buy, HDB and URA both rate the economic outlook as highly uncertain, interest rates included. Both have asked households to take care when buying property and taking a home loan.
If you're selling, a 0.1% dip in the index says little about your own flat. The prices paid for flats like yours, in your town, tell you more.
If your parents own a condo and want a non-subsidised HDB resale flat, they no longer have to wait 15 months. That wait-out ended on 28 July 2026.
What's coming in the November BTO launch?
HDB's November 2026 BTO launch has about 7,960 flats, spread across Tengah, Yishun, Sembawang, Toa Payoh, Geylang and Bedok.
Toa Payoh will also get Community Care Apartments, assisted living flats for seniors. They come with fittings such as wheelchair-friendly bathrooms, plus health and community services.
If you're weighing a new flat against a resale one, our guide to BTO prices and the BTO vs resale calculator put the two side by side.
What happens next?
More private homes are on the way. Government land sales put 4,745 private homes up for launch in the second half of 2026. That takes this year's confirmed supply to 9,320, more than 50% above the yearly average of the past 10 years.
About 57,200 private homes, executive condos included, are due to be finished over the next few years.
The government is keeping a close watch on the property market and will change its policies if it needs to, to keep the market stable.
Before you make an offer, compare an HDB loan and a bank loan, then run your numbers through our mortgage calculator.
Frequently asked questions
Did HDB resale prices go down in Q3 2026?
Yes, by 0.1% from the second quarter. It was the third dip in a row in 2026, after falls of 0.1% in the first quarter and 0.3% in the second.
How many HDB resale flats were sold in Q3 2026?
7,645 flats, up 19.5% from 6,396 in the second quarter. That's 5.9% more than the 7,221 sold in the third quarter of 2025.
When did the 15-month wait-out period end?
On 28 July 2026. It had applied since September 2022 to private home owners and former owners buying a non-subsidised HDB resale flat. The aim was to cool demand.
How many million-dollar HDB flats were sold in Q3 2026?
596 flats sold for S$1 million or more, up from 490 in the second quarter. Across the first nine months of 2026, the count was 1,497.
Sources
- The Straits Times: HDB resale prices down by 0.1% in Q3, more units sold after lifting of cooling measure (23 October 2026)
- HDB: 3rd Quarter 2026 public housing data and upcoming flat supply (23 October 2026)
- URA: Release of 3rd Quarter 2026 real estate statistics (23 October 2026)
Keep exploring
- 5 things to know about the end of the 15-month wait-out period (July 2026)
- HDB Loan vs Bank Loan Singapore 2026: Which Costs You Less
- BTO Price in Singapore 2026: What Flats Cost and Whether They Still Grow in Value
- URA Private Property Singapore Prices: 2026 Index, Costs
- BTO vs resale HDB calculator
- Mortgage calculator for bank home loans
This is general financial information for Singapore, not personal financial advice. Figures change, so verify current rates against the official sources above before acting. See our full disclaimer.
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