PropHerald

HDB Resale Report — January 2024

← December 2023 · all reports · February 2024 →

2,621 flats changed hands in January 2024 (+30.8% vs December 2023 · +2.7% vs January 2023). The median price across all flat types was S$570,000, and 74 crossed S$1 million. The month's top sale: a 5 ROOM at Blk 139A LOR 1A TOA PAYOH for S$1,568,888.

At a glance

Flats resold

2,621

+30.8% vs December 2023 · +2.7% vs January 2023

Median price, all flat types

S$570,000

+1.8% vs December 2023 · +6.5% vs January 2023

S$1m+ resales

74

Median resale price, last 13 months

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

S$530,000S$550,000S$570,000Jan '23Jul '23Jan '24Jan '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 resalesJun '23 · S$550,000 median · 1,853 resalesJul '23 · S$555,000 median · 2,052 resalesAug '23 · S$555,000 median · 2,467 resalesSep '23 · S$550,000 median · 1,974 resalesOct '23 · S$555,000 median · 2,189 resalesNov '23 · S$560,000 median · 2,128 resalesDec '23 · S$560,000 median · 2,004 resalesJan '24 · S$570,000 median · 2,621 resalesS$570,000

By flat type

Flat typeResalesMedian price Median S$ psfMedian area m² Median lease left
4 ROOM1,159 S$565,000S$553 9377y
3 ROOM612 S$400,000S$543 6860y
5 ROOM607 S$680,000S$528 11776y
EXECUTIVE164 S$840,000S$534 14669y
2 ROOM79 S$330,000S$672 4794y

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 TIMAH8S$969,000 S$450,000S$844,000 S$969,000S$1,300,000
BISHAN31S$942,000 S$480,000S$680,000 S$962,000S$1,200,000
BUKIT MERAH93S$825,000 S$412,500S$900,000 S$928,888—
KALLANG/WHAMPOA63S$705,000 S$399,000S$793,944 S$927,500S$965,000
PASIR RIS78S$680,000 S$545,000S$583,000 S$698,000S$834,000
QUEENSTOWN68S$655,000 S$404,000S$888,000 S$840,000S$1,228,000
SERANGOON40S$636,000 S$415,000S$608,500 S$871,000S$1,017,500
PUNGGOL175S$622,800 S$490,000S$630,000 S$740,000S$750,000
TAMPINES178S$620,000 S$439,000S$599,444 S$704,000S$850,000
SENGKANG212S$594,000 S$472,500S$580,000 S$631,000S$775,000
SEMBAWANG109S$560,000 S$458,000S$565,000 S$603,000S$670,000
BUKIT PANJANG87S$560,000 S$386,500S$507,500 S$639,444S$824,444
HOUGANG163S$556,000 S$402,500S$580,000 S$709,000S$907,500
WOODLANDS202S$540,944 S$371,500S$515,000 S$629,000S$850,000
BUKIT BATOK140S$540,500 S$385,944S$568,000 S$750,444S$874,000
CENTRAL AREA11S$540,000 S$462,500S$700,000 S$1,130,000—
CHOA CHU KANG109S$538,000 S$420,750S$512,500 S$615,444S$789,000
YISHUN200S$530,000 S$400,000S$530,000 S$623,000S$822,500
GEYLANG47S$520,000 S$364,000S$603,000 S$905,000S$840,000
JURONG WEST194S$500,000 S$372,500S$490,000 S$590,000S$715,000
TOA PAYOH79S$495,888 S$363,000S$843,800 S$855,000S$968,888
CLEMENTI52S$494,444 S$406,100S$575,444 S$1,180,000S$1,051,692
BEDOK129S$485,000 S$375,000S$507,000 S$781,000S$935,000
JURONG EAST48S$472,500 S$369,888S$475,000 S$641,500S$869,000
ANG MO KIO92S$466,000 S$389,444S$522,900 S$992,944—
MARINE PARADE13S$448,000 S$431,000S$562,500 S$848,800—

Top transactions

BlockTypeLevelArea m² Price
Blk 139A LOR 1A TOA PAYOH
★ Record price for a 5 ROOM in Toa Payoh
 5 ROOM40 TO 42 117S$1,568,888
Blk 138C LOR 1A TOA PAYOH 5 ROOM31 TO 33 117S$1,540,000
Blk 273B BISHAN ST 24
★ Record price for a 5 ROOM in Bishan
 5 ROOM40 TO 42 120S$1,458,000
Blk 1A CANTONMENT RD 5 ROOM46 TO 48 105S$1,450,000
Blk 453 SIN MING AVE EXECUTIVE16 TO 18 174S$1,400,000
Blk 102 BISHAN ST 12 EXECUTIVE22 TO 24 163S$1,380,000
Blk 2 TOH YI DR
★ Record price for an EXECUTIVE in Bukit Timah
 EXECUTIVE04 TO 06 154S$1,360,000
Blk 95C HENDERSON RD 5 ROOM19 TO 21 113S$1,328,888
Blk 275A BISHAN ST 24 5 ROOM10 TO 12 120S$1,311,000
Blk 6 TOH YI DR EXECUTIVE07 TO 09 146S$1,300,000