HDB Resale Report — March 2023

← February 2023 · all reports · April 2023 →

2,277 flats changed hands in March 2023 (+24.0% vs February 2023 · +0.7% vs March 2022). The median price across all flat types was S$543,800, and 39 crossed S$1 million. The month's top sale: a 5 ROOM at Blk 1G CANTONMENT RD for S$1,400,000.

At a glance

Flats resold

2,277

+24.0% vs February 2023 · +0.7% vs March 2022

Median price, all flat types

S$543,800

+1.5% vs February 2023 · +6.6% vs March 2022

S$1m+ resales

39

Median resale price, last 13 months

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

S$510,000S$530,000S$550,000Mar '22Sep '22Mar '23Mar '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 resalesMar '23 · S$543,800 median · 2,277 resalesS$543,800

By flat type

Flat typeResalesMedian price Median S$ psfMedian area m² Median lease left
4 ROOM996 S$544,400S$531 9378y
3 ROOM579 S$390,000S$527 6860y
5 ROOM512 S$640,000S$505 11577y
EXECUTIVE133 S$809,000S$514 14669y
2 ROOM56 S$315,000S$652 4793y
1 ROOM1 S$237,000S$710 3151y

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
QUEENSTOWN67S$790,000 S$409,000S$899,000 S$945,000S$1,190,000
BUKIT TIMAH4S$772,500 S$772,500
BISHAN39S$750,000 S$457,500S$699,000 S$918,000S$1,009,000
BUKIT MERAH77S$735,000 S$475,000S$801,444 S$870,000
CLEMENTI64S$607,500 S$392,000S$766,000 S$725,000S$940,000
PASIR RIS60S$596,250 S$350,000S$543,500 S$655,000S$827,500
BUKIT BATOK113S$595,000 S$380,000S$595,000 S$778,000S$810,000
SERANGOON42S$583,500 S$400,000S$577,000 S$654,000S$984,000
TAMPINES167S$580,000 S$415,000S$570,000 S$684,000S$855,000
SENGKANG156S$579,000 S$420,000S$565,000 S$600,000S$719,000
PUNGGOL188S$575,944 S$452,500S$582,444 S$645,000S$770,000
TOA PAYOH75S$570,000 S$344,888S$763,000 S$964,000S$1,010,000
KALLANG/WHAMPOA56S$554,444 S$405,000S$734,444 S$820,000S$1,146,000
CENTRAL AREA21S$530,000 S$462,000S$725,000 S$1,380,000
HOUGANG117S$530,000 S$388,000S$520,000 S$640,000S$862,000
SEMBAWANG79S$530,000 S$425,000S$520,000 S$573,500S$640,000
BUKIT PANJANG65S$520,000 S$384,000S$495,000 S$625,000S$838,000
MARINE PARADE8S$510,500 S$432,444S$570,000 S$881,500
JURONG WEST120S$510,000 S$342,000S$475,000 S$582,000S$700,000
CHOA CHU KANG101S$505,500 S$384,000S$482,000 S$572,000S$714,000
WOODLANDS176S$500,000 S$410,000S$483,750 S$588,500S$792,000
YISHUN158S$474,444 S$382,000S$480,000 S$620,000S$800,000
JURONG EAST48S$468,500 S$366,500S$469,500 S$657,500S$780,000
GEYLANG66S$457,500 S$340,000S$558,888 S$710,000S$928,000
ANG MO KIO85S$430,000 S$380,000S$628,000 S$698,888S$895,000
BEDOK125S$428,000 S$362,000S$470,000 S$690,000S$865,000

Top transactions

BlockTypeLevelArea m² Price
Blk 1G CANTONMENT RD
★ Record price for a 5 ROOM in Central Area
5 ROOM37 TO 39 106S$1,400,000
Blk 273A BISHAN ST 24
★ Record price for a 5 ROOM in Bishan
5 ROOM34 TO 36 120S$1,390,000
Blk 1E CANTONMENT RD 5 ROOM22 TO 24 107S$1,380,000
Blk 273A BISHAN ST 24 5 ROOM31 TO 33 120S$1,315,000
Blk 139A LOR 1A TOA PAYOH 5 ROOM28 TO 30 117S$1,300,000
Blk 1C CANTONMENT RD 5 ROOM10 TO 12 106S$1,260,000
Blk 1F CANTONMENT RD 4 ROOM40 TO 42 93S$1,225,000
Blk 22 GHIM MOH LINK 5 ROOM25 TO 27 113S$1,223,000
Blk 149 MEI LING ST EXECUTIVE10 TO 12 148S$1,200,000
Blk 153 LOR 2 TOA PAYOH 5 ROOM28 TO 30 124S$1,200,000