HDB Resale Price Growth Continues for the 28th Straight Month, Rising by 0.5% in October 2022

03 Nov 2022
Property Data
  1. HDB resale prices increase by 0.5% in October 2022 compared to September 2022. Mature Estates prices increase by 1.3% and Non-Mature Estates prices remain unchanged, as compared to September 2022. In terms of room types, 3 Room prices increase by 0.4%, 4 Room prices rise by 0.7%, 5 Room prices remain unchanged and Executive prices decrease by 1.0%.
 HDB Resale Price Index Oct 2022
HDB Resale Price Index By Property Type Oct 2022
HDB Median Resale Price Oct 2022

       According to the SRX Property Price Index for HDB Resale:
  • Year-on-year, the overall price increase is 10.8%
  • Year-on-year, prices for all room types increaseover October 2021: 3 Room by 10.7%, 4 Room by 10.6%, 5 Room by 11.6% and Executive by 11.1%.
  • Mature and Non-Mature Estates prices increase by 10.4% and 11.1% respectively from a year ago.
HDB Resale Price Index By Mature and Non Mature Estates Oct 2022  Part 1
HDB Resale Price Index By Mature and Non Mature Estates Oct 2022  Part 2
  1. 1,965 HDB resale flats are transacted in October 2022, representing a 24.1% decrease from September 2022.
  • Year-on-year, resale volumes in October 2022 is 21.6% lower than the previous year.
  • Breaking it down by room type, in October 2022, 41.9% of the volumes come from HDB 4 Room, 26.1% from 5 Room, 23.7% from 3 Room and 6.8% from Executive. The rest are from other room types.
  • Breaking it down by estate, 57.7% of the resale volume in October 2022 come from Non-Mature Estates. The remaining 42.3% in the month are from Mature Estates.
 HDB Resale Volume Oct 2022
HDB Resale Volume Breakdown by Room Type Oct 2022
HDB Resale Volume Breakdown by Estates Oct 2022
  1. The highest transacted price for a resale flat in the month is achieved at $1,380,000 by a 5 Room DBSS unit at The Peak @ Toa Payoh.
    • In Non-Mature Estates, the highest transacted price is achieved at $1,078,000 by an Executive Apartment unit at Yishun Avenue 4. 

HDB Million Dollar Resale Flats Transacted in the Month Oct 2022
  1. In October 2022, there are 40 HDB resale flats transacted for at least $1,000,000, representing a decrease from September 2022 in which 45 such units were transacted.

HDB Million Dollar Resale Flats Statistics Oct 2022
  • The number of million-dollar flats sold comprise 2.0% of the total resale volumes in the month.
  • Toa Payoh, Bukit Merah and Central Area record six million-dollar flats sold in the month, followed by Ang Mo Kio with four units while Geylang, Bishan and Queenstown record three units. The rest of the million-dollar flats come from Serangoon, Kallang/Whampoa, Yishun, Bedok, Clementi and Bukit Timah.

HDB Monthly Volume of Million Dollar Resale Flat by Town Oct 2022
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