PropHerald

HDB Resale Report — May 2023

← April 2023 · all reports · June 2023 →

2,245 flats changed hands in May 2023 (+3.1% vs April 2023 · +4.2% vs May 2022). The median price across all flat types was S$550,000, and 34 crossed S$1 million. The month's top sale: a 5 ROOM at Blk 138A LOR 1A TOA PAYOH for S$1,370,000.

At a glance

Flats resold

2,245

+3.1% vs April 2023 · +4.2% vs May 2022

Median price, all flat types

S$550,000

+0.0% vs April 2023 · +5.8% vs May 2022

S$1m+ resales

34

Median resale price, last 13 months

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

S$520,000S$535,000S$550,000May '22Nov '22May '23May '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 resalesApr '23 · S$550,000 median · 2,177 resalesMay '23 · S$550,000 median · 2,245 resalesS$550,000

By flat type

Flat typeResalesMedian price Median S$ psfMedian area m² Median lease left
4 ROOM1,016 S$550,000S$534 9377y
3 ROOM540 S$384,500S$521 6860y
5 ROOM534 S$651,000S$514 11577y
EXECUTIVE106 S$822,500S$516 14670y
2 ROOM48 S$319,000S$644 4794y
1 ROOM1 S$251,000S$752 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
BUKIT MERAH77S$765,000 S$476,000S$824,000 S$855,000—
QUEENSTOWN48S$751,500 S$430,000S$855,000 S$925,400—
BISHAN37S$720,000 S$395,000S$688,000 S$880,000S$1,010,000
KALLANG/WHAMPOA69S$650,000 S$383,000S$779,444 S$865,000S$1,025,000
CENTRAL AREA10S$640,500 S$379,000S$730,000 ——
GEYLANG50S$632,500 S$341,500S$699,000 S$835,000S$850,000
PASIR RIS59S$630,000 S$315,000S$549,000 S$650,000S$825,000
SENGKANG195S$583,000 S$456,000S$570,000 S$615,000S$737,000
PUNGGOL181S$582,888 S$451,000S$590,000 S$724,000S$739,344
TAMPINES122S$582,500 S$425,000S$560,500 S$700,800S$945,000
BUKIT TIMAH5S$570,000 S$485,000— S$998,888S$1,210,000
SEMBAWANG88S$558,500 S$420,000S$557,000 S$617,500S$680,000
BUKIT PANJANG70S$556,500 S$385,000S$500,000 S$610,000S$800,000
BUKIT BATOK138S$555,000 S$378,000S$590,000 S$760,000S$954,000
CLEMENTI52S$541,500 S$380,000S$578,000 S$700,000—
MARINE PARADE16S$540,000 S$470,000S$515,000 S$899,000—
HOUGANG110S$535,000 S$370,888S$527,500 S$667,388S$850,000
SERANGOON36S$531,750 S$374,000S$550,000 S$669,000S$888,000
CHOA CHU KANG104S$525,000 S$396,500S$500,444 S$603,000S$760,000
WOODLANDS199S$508,000 S$372,000S$481,888 S$582,500S$850,000
JURONG WEST108S$506,500 S$357,944S$477,500 S$588,000S$717,000
YISHUN175S$478,000 S$381,444S$490,000 S$640,000S$842,000
BEDOK119S$450,000 S$366,500S$550,000 S$674,000S$892,500
ANG MO KIO93S$450,000 S$376,500S$530,000 S$702,500—
JURONG EAST30S$442,500 S$365,000S$493,000 S$659,000S$950,000
TOA PAYOH54S$388,400 S$350,000S$730,000 S$811,500S$906,944

Top transactions

BlockTypeLevelArea m² Price
Blk 138A LOR 1A TOA PAYOH 5 ROOM34 TO 36 114S$1,370,000
Blk 9B BOON TIONG RD 5 ROOM07 TO 09 112S$1,278,000
Blk 1E CANTONMENT RD 4 ROOM43 TO 45 93S$1,270,000
Blk 312C CLEMENTI AVE 4 5 ROOM28 TO 30 113S$1,240,888
Blk 9 BOON KENG RD 5 ROOM13 TO 15 117S$1,238,888
Blk 1E CANTONMENT RD 4 ROOM25 TO 27 94S$1,238,000
Blk 1A CANTONMENT RD 4 ROOM31 TO 33 94S$1,218,000
Blk 7 TOH YI DR EXECUTIVE04 TO 06 142S$1,210,000
Blk 7A C'WEALTH AVE 5 ROOM10 TO 12 138S$1,200,000
Blk 231 BISHAN ST 23 EXECUTIVE04 TO 06 146S$1,123,000