For anyone considering buying or selling a flat, HDB resale price is a key factor in the public housing market. 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.
Recent data shows that resale prices are at or near all-time highs in mature areas like Bishan, Queenstown, and Toa Payoh, while newer towns get more info remain more affordable. Executive flats and 5-room units typically fetch higher prices, especially if well-renovated or located on high floors.
HDB releases official resale price statistics quarterly, and you can check recent transactions by block and town using the HDB website’s Resale Flat Prices portal. Online tools provide estimated valuations and reports to help with negotiation or loan planning.
It’s important for buyers to keep up with announcements as they can influence both demand and price movement.
If you’re planning a transaction, it pays to research recent deals in your chosen area and consult reliable sources for guidance.