HDB Resale Prices Continue Climbing for Eleventh Straight Month in May 2021; Volumes Drop Below 2,000 Since 11 Months Ago

03 Jun 2021
Property Data
  1. HDB resale prices increase 1.2% in May 2021 compared to April 2021. Mature and Non-Mature Estates prices increase by 0.9% and 1.4% respectively, as compared to April 2021. In terms of room types, 3 Room, 4 Room, 5 Room and Executive prices increase by 1.6%, 1.0%, 1.5% and 1.4% respectively.

 HDB Resale Price May 2021
SPI By Property Type May 2021
HDB Median Resale Price May 2021

       According to the SRX Property Price Index for HDB Resale:

  • Year-on-year, the overall price increase is 12.0%.
  • Year-on-year, prices for all room types increase in May 2021: 3 Room by 13.7%, 4 Room by 11.1%, 5 Room by 12.0% and Executive by 13.0%.
  • Mature and Non-Mature Estates prices increase by 11.6% and 12.4% respectively from a year ago.
  • May 2021 prices are 2.6% lower than the peak in April 2013.
Mature And Non Mature Estates Price Index May 2021 Part 1
Mature And Non Mature Price Index May 2021 Part 2
  1. 1,966 HDB resale transactions in May 2021, representing a 16.0% decrease from April 2021.
  • Year-on-year, resale volume in May 2021 is 440.1% higher than the previous year.
  • Breaking down by room types, in May 2021, 43.5% of the volume comes from HDB 4 Room, 26.7% from 5 Room, 21.1% from 3 Room and 7.3% from Executive. The rest are from 1 Room, 2 Room and Multi-Gen.

 HDB Resale Volume May 2021

  1. The highest transacted price for a resale flat in the month is achieved at $1,210,000 by a 5 Room unit at Buona Vista Court. In Non-Mature Estates, the highest transacted price is achieved at $865,000 by an Executive Apartment unit at Hougang Central.

 Million Dollar Resale Flats Transacted In the Month May 2021

  1. In May 2021, there are 13 HDB resale flats transacted for at least $1,000,000, representing a decrease from April 2021 in which 21 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 five months of 2021, a total of 87 HDB flats have been transacted for more than a million dollars so far, surpassing the 82 million-dollar flats sold for the whole year of 2020.
Monthly Volume of Resale Flats Transacted For At Least 1 Million May 2021
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