HDB Resale Prices Continue Rising for Nine Straight Months in March 2021; Year-on-Year Prices Increase 9.5%

08 Apr 2021
Property Data
  1. HDB resale price increases 0.8% in March 2021 compared to February 2021. Mature and Non-Mature Estates prices increase 0.9% and 0.7% respectively, as compared to February 2021. In terms of room types, 3 Room, 4 Room, 5 Room and Executive prices increase by 1.5%, 1.2%, 0.8% and 1.4% respectively.

 hdb median resale price index 2021 march
hdb resale price index by property type 2021 march
hdb median resale price 2021 march

According to the SRX Property Price Index for HDB Resale:

  • Year-on-year, the overall price increase is 9.5%.
  • Year-on-year, prices for all room types increase in March 2021: 3 Room by 11.0%, 4 Room by 9.1%, 5 Room by 8.8% and Executive by 6.9%.
  • Mature and Non-Mature Estates prices increase by 8.1% and 10.4% respectively from a year ago.
  • March 2021 prices are 4.9% lower than the peak in April 2013.
hdb mature and non mature estates price index 2021 march
hdb mature and non mature estates price index Part 2 2021 march
  1. 2,448 HDB resale transactions in March 2021, representing a 13.1% increase from February 2021.
  • Year-on-year, resale volume in March 2021 is 25.6% higher than the previous year.
  • Breaking down by room types, in March 2021, 43.3% of the volume comes from HDB 4 Room, 25.5% from 5 Room, 22.9% from 3 Room and 7.0% from Executive. The rest are from 1 Room, 2 Room and Multi-Gen.

 hdb resale volume 2021 march

  1. The highest transacted price for a resale flat in the month is achieved at $1,220,000 by a 5 Room DBSS unit at Natura Loft; In Non-Mature Estates, the highest transacted price is achieved at $910,000 by a 5 Room Premium Apartment Loft unit at Treelodge@Punggol.

 hdb million dollar resale flats transacted 2021 march

  1. In March 2021, there are 17 HDB resale flats transacted for at least $1,000,000,representing a decrease from February 2021 in which 23 such units were transacted.
  • The number of million-dollar flats sold comprises 0.7% of the total resale volume in the month.
  • In the first three months of 2021, a total of 53 HDB flats have been transacted for more than a million dollars so far, reflecting an increase of 308% when compared to 13 such units during the same period last year.

hdb million dollar resale flats statistics 2021 march
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