PropHerald

HDB Resale Report — February 2023

← January 2023 · all reports · March 2023 →

1,837 flats changed hands in February 2023 (-28.0% vs January 2023 · -3.1% vs February 2022). The median price across all flat types was S$535,800, and 24 crossed S$1 million. The month's top sale: a 5 ROOM at Blk 1E CANTONMENT RD for S$1,340,000.

At a glance

Flats resold

1,837

-28.0% vs January 2023 · -3.1% vs February 2022

Median price, all flat types

S$535,800

+0.1% vs January 2023 · +5.5% vs February 2022

S$1m+ resales

24

Median resale price, last 13 months

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

S$500,000S$525,000S$550,000Feb '22Aug '22Feb '23Feb '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 resalesFeb '23 · S$535,800 median · 1,837 resalesS$535,800

By flat type

Flat typeResalesMedian price Median S$ psfMedian area m² Median lease left
4 ROOM770 S$535,000S$525 9376y
3 ROOM490 S$382,944S$519 6860y
5 ROOM408 S$635,000S$494 11776y
EXECUTIVE116 S$797,500S$500 14670y
2 ROOM53 S$318,888S$642 4792y

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
QUEENSTOWN41S$828,000 S$380,000S$851,000 S$900,000S$1,180,000
BISHAN22S$686,500 S$402,500S$652,888 S$886,500S$980,000
BUKIT TIMAH2S$681,444 —S$681,444 ——
BUKIT MERAH57S$680,000 S$379,000S$736,500 S$835,000—
SERANGOON17S$645,000 S$410,000S$628,000 S$659,000S$820,000
PASIR RIS37S$643,000 —S$555,000 S$644,000S$822,500
KALLANG/WHAMPOA59S$629,000 S$365,000S$637,500 S$830,000—
PUNGGOL163S$580,000 S$450,000S$585,000 S$625,000S$682,500
TOA PAYOH65S$568,000 S$360,000S$795,250 S$821,944S$1,090,000
SENGKANG123S$568,000 S$450,000S$530,000 S$592,888S$704,000
TAMPINES130S$552,500 S$412,000S$548,000 S$645,000S$868,000
SEMBAWANG60S$550,000 S$433,500S$550,000 S$579,000S$658,000
CHOA CHU KANG89S$540,000 S$416,500S$500,000 S$575,444S$718,000
CENTRAL AREA18S$535,500 S$510,000S$728,000 S$1,340,000—
WOODLANDS153S$533,000 S$380,000S$477,888 S$581,500S$810,000
BUKIT BATOK75S$510,000 S$370,000S$594,000 S$755,000S$856,544
HOUGANG97S$510,000 S$370,000S$510,000 S$690,000S$850,000
BUKIT PANJANG66S$505,000 S$381,000S$490,000 S$614,000S$783,000
JURONG WEST104S$490,000 S$310,000S$461,500 S$570,944S$684,000
CLEMENTI44S$487,500 S$400,000S$512,000 S$712,500S$928,000
MARINE PARADE12S$480,000 S$439,000S$635,000 S$741,944—
BEDOK101S$480,000 S$365,000S$502,500 S$625,444S$875,000
JURONG EAST38S$462,500 S$365,000S$471,000 S$675,000S$910,000
GEYLANG46S$462,500 S$335,000S$589,000 S$690,000—
YISHUN150S$450,000 S$380,000S$500,000 S$638,088S$838,000
ANG MO KIO68S$430,500 S$388,000S$545,000 S$799,000—

Top transactions

BlockTypeLevelArea m² Price
Blk 1E CANTONMENT RD 5 ROOM22 TO 24 105S$1,340,000
Blk 9B BOON TIONG RD 5 ROOM25 TO 27 112S$1,290,000
Blk 1B CANTONMENT RD 4 ROOM43 TO 45 94S$1,290,000
Blk 150 MEI LING ST EXECUTIVE07 TO 09 150S$1,260,000
Blk 8 BOON KENG RD 5 ROOM19 TO 21 119S$1,208,888
Blk 90 DAWSON RD 5 ROOM37 TO 39 99S$1,200,888
Blk 91 DAWSON RD
★ Record price for a 4 ROOM in Queenstown
 4 ROOM40 TO 42 95S$1,188,888
Blk 138C LOR 1A TOA PAYOH 5 ROOM07 TO 09 113S$1,120,000
Blk 99A LOR 2 TOA PAYOH
★ Record price for an EXECUTIVE in Toa Payoh
 EXECUTIVE13 TO 15 143S$1,120,000
Blk 148 MEI LING ST EXECUTIVE01 TO 03 149S$1,100,000