PropHerald

HDB Resale Report — January 2023

← December 2022 · all reports · February 2023 →

2,551 flats changed hands in January 2023 (+14.2% vs December 2022 · +4.5% vs January 2022). The median price across all flat types was S$535,000, and 40 crossed S$1 million. The month's top sale: a 5 ROOM at Blk 1B CANTONMENT RD for S$1,340,000.

At a glance

Flats resold

2,551

+14.2% vs December 2022 · +4.5% vs January 2022

Median price, all flat types

S$535,000

+0.9% vs December 2022 · +7.0% vs January 2022

S$1m+ resales

40

Median resale price, last 13 months

All flat types combined — the mix of flats sold shifts month to month.

S$500,000S$525,000S$550,000Jan '22Jul '22Jan '23Jan '22 · S$500,000 median · 2,442 resalesFeb '22 · S$508,000 median · 1,895 resalesMar '22 · S$510,000 median · 2,262 resalesApr '22 · S$520,000 median · 2,262 resalesMay '22 · S$520,000 median · 2,154 resalesJun '22 · S$530,000 median · 2,135 resalesJul '22 · S$530,000 median · 2,361 resalesAug '22 · S$522,000 median · 2,309 resalesSep '22 · S$538,000 median · 2,578 resalesOct '22 · S$542,750 median · 1,958 resalesNov '22 · S$538,000 median · 2,130 resalesDec '22 · S$530,000 median · 2,234 resalesJan '23 · S$535,000 median · 2,551 resalesS$535,000

By flat type

Flat typeResalesMedian price Median S$ psfMedian area m² Median lease left
4 ROOM1,074 S$530,000S$522 9377y
3 ROOM674 S$390,000S$522 6860y
5 ROOM586 S$640,000S$500 11577y
EXECUTIVE148 S$780,000S$501 14670y
2 ROOM68 S$321,500S$645 4791y
MULTI-GENERATION1 S$1,080,000S$561 17964y

Median price by town and flat type

Ranked by all-type median — towns sell different flat mixes, so the first column compares markets, the per-type columns compare like flats. “—” means no resales of that type this month.

TownResalesAll types 3-room4-room5-room Executive
BISHAN31S$738,000 S$390,000S$680,000 S$900,000S$1,109,000
BUKIT MERAH103S$720,000 S$420,050S$840,000 S$878,000—
QUEENSTOWN56S$665,000 S$409,538S$850,944 S$1,090,000—
BUKIT TIMAH4S$652,500 S$465,000S$840,000 —S$1,288,000
PASIR RIS70S$635,000 S$520,000S$525,000 S$638,000S$775,000
BUKIT BATOK110S$600,000 S$364,000S$600,000 S$767,500S$800,000
KALLANG/WHAMPOA89S$595,000 S$382,500S$760,000 S$732,500S$895,000
PUNGGOL200S$577,000 S$450,000S$580,444 S$686,500S$715,000
SENGKANG157S$570,000 S$437,944S$562,944 S$602,500S$736,000
TAMPINES169S$560,000 S$420,000S$548,888 S$669,000S$875,000
CLEMENTI72S$557,500 S$430,000S$600,000 S$851,500S$950,000
HOUGANG126S$532,500 S$387,500S$530,000 S$660,000S$830,000
CHOA CHU KANG122S$528,400 S$420,000S$499,444 S$590,000S$700,000
SERANGOON45S$528,000 S$388,888S$533,888 S$680,588S$955,000
BUKIT PANJANG61S$527,000 S$375,000S$491,388 S$605,000S$830,000
MARINE PARADE17S$525,000 S$445,000S$534,000 S$867,500—
WOODLANDS233S$525,000 S$392,500S$490,000 S$580,000S$732,000
SEMBAWANG92S$523,500 S$441,750S$507,500 S$578,000S$650,000
JURONG WEST153S$510,000 S$342,000S$490,000 S$578,444S$698,000
CENTRAL AREA21S$500,000 S$414,000S$1,014,000 S$1,145,000—
YISHUN208S$465,000 S$375,000S$473,000 S$655,000S$762,500
JURONG EAST45S$456,888 S$368,000S$470,000 S$645,000S$864,000
TOA PAYOH42S$456,000 S$360,000S$805,000 S$880,000S$1,024,000
ANG MO KIO120S$435,000 S$380,000S$735,000 S$810,000S$1,138,000
BEDOK136S$434,000 S$362,500S$479,000 S$665,000S$850,000
GEYLANG69S$425,000 S$355,000S$531,500 S$738,888S$960,000

Top transactions

BlockTypeLevelArea m² Price
Blk 1B CANTONMENT RD 5 ROOM40 TO 42 106S$1,340,000
Blk 138B LOR 1A TOA PAYOH 5 ROOM37 TO 39 117S$1,335,000
Blk 3 TOH YI DR EXECUTIVE04 TO 06 154S$1,288,000
Blk 441A CLEMENTI AVE 3
★ Record price for a 5 ROOM in Clementi
 5 ROOM22 TO 24 116S$1,280,000
Blk 1F CANTONMENT RD 4 ROOM34 TO 36 95S$1,230,000
Blk 268B PUNGGOL FIELD
★ Record price for a 5 ROOM in Punggol
 5 ROOM16 TO 18 149S$1,220,000
Blk 275A BISHAN ST 24 5 ROOM04 TO 06 120S$1,200,000
Blk 1E CANTONMENT RD 4 ROOM43 TO 45 95S$1,200,000
Blk 816 JELLICOE RD 5 ROOM22 TO 24 110S$1,200,000
Blk 86 DAWSON RD 5 ROOM22 TO 24 108S$1,200,000