Announcement: Starting from January 2023 (for December 2022 reports onwards), 99-SRX will be changing the schedule for the following reports:
As government agencies such as HDB and URA have improved in its transparency and timelines in making property transactions public, 99-SRX will also follow their lead in using only publicly-available transactions for our reports. This also ensures transparency and reproducibility by parties seeking to clarify 99-SRX's indexes.
Hence, there will also be differences in all reports index values due to a shift to official data sources:
HDB Resale
i. Agency transactions will no longer be used in Price and Index calculations starting from January 2023.
NLP Resale
i. Non-caveated transactions will no longer be used in Volume, Price and Index calculations starting from December 2022's NLP Resale report. Only caveated transactions will be used.
Rental
i. Agency transactions will no longer be used in Volume, Price and Index calculations starting from December 2022's NLP and HDB Rental report.
ii. Base index shift from January 2009 to January 2015.
These changes do not affect the broad price trends observed in earlier reports. If you wish to retrieve the previous indexes, send an email to [email protected]
CCR = Core Central Region
RCR = Rest of Central Region
OCR = Outside Central Region
HDB resale prices decreased by 0.2% in October 2026. HDB resale prices in Mature and Non-Mature Estates decreased by 0.2% and 0.7%, respectively. By room type, prices for 3-room and Executive flats decreased by 1% and 1.2%, respectively, while prices for 4-room and 5-room flats increased by 0.5% and 0.3%, respectively.
Year-on-year, overall prices remained stable compared with October 2025.
Year-on-year, resale prices for 3-room and Executive flats decreased by 2% and 1.2%, respectively, while prices for 4-room and 5-room flats increased by 0.2% and 0.4%, respectively.
Prices in Mature Estates increased by 1%, while prices in Non-Mature Estates decreased by 1.1%, compared with October 2025.
A total of 2,178 HDB resale flats were transacted in October 2026, representing a 3.1% decrease from September 2026.
Year-on-year, resale volume in October 2026 was 61.7% higher.
Breaking it down by room type, 22.2% of the HDB resale volume in October 2026 came from 3-room flats, 41.6% from 4-room flats, 28.4% from 5-room flats, and 7.8% from Executive flats.
Breaking it down by estate, 52.4% of the resale volume in October 2026 came from Non-Mature Estates. The remaining 47.6% were from Mature Estates.
The highest transacted price for a resale flat during the month was S$1,818,000 for a 5-room flat at The Skyparc @ Dawson.
In Non-Mature Estates, the highest transacted price was S$1,320,000 for a 5-room flat on Punggol Road.
In October 2026, 238 HDB resale flats were transacted for at least S$1,000,000, an increase from the 209 units recorded in September 2026.
Million-dollar flats sold* accounted for 10.9% of the total resale volume for the month.
Toa Payoh recorded 39 million-dollar flat transactions, followed by Queenstown with 31 and Bedok with 26.
The remaining million-dollar flat transactions took place in Bukit Merah, Bishan, Kallang/Whampoa, Tampines, Ang Mo Kio, Geylang, Punggol, Clementi, Serangoon, Central Area, Hougang, Pasir Ris, Sengkang, Marine Parade, Woodlands, Jurong East, Bukit Timah, Bukit Batok, and Yishun.
In September 2026, condo resale prices in the CCR, RCR and OCR increased by 2%, 0.3%, and 0.2%, respectively.
According to the SRX Condo Resale Price Index:
Month-on-month, overall prices increased by 0.7%.
Year-on-year, overall prices increased by 3.5% compared with September 2025.
Year-on-year, prices in the CCR, RCR, and OCR increased by 2.5%, 4.3%, and 2.4%, respectively.
An estimated 1,093 units were resold in September 2026, an increase of 10.8% from the 987 units resold in August 2026.
Resale volume was 5.1% lower than in September 2025 and 1.3% below the five-year average for September.
By region, OCR accounted for 50.3% of transactions in September 2026, followed by RCR at 32.1% and CCR at 17.6%.
The percentage of sub-sale transactions among total secondary-market transactions (i.e., resale + sub-sale) was 3.2% in September 2026, down from August 2026.
Sub-sale transactions refer to secondary sale transactions occurring before the project is completed.
The highest transacted price for a resale unit in September was S$20,000,000 for a unit at Sculptura Ardmore.
In RCR, the highest transacted price was S$5,900,000 for a resale unit at Tembusu Grand.
In OCR, the highest transacted price was S$4,300,000 for a resale unit at Seaside Residences.
The overall median capital gain for resale condos was S$398,000 in September 2026, an increase of S$13,000 from August 2026.
District 22 (Boon Lay / Jurong / Tuas) posted the highest median capital gain at S$905,000. District 1 (Boat Quay / Raffles Place / Marina) posted the lowest median capital gain at -S$6,000.
The overall median unlevered return for resale condos was 30.5% in September 2026.
District 22 (Boon Lay / Jurong / Tuas) posted the highest median unlevered return at 70.9%. District 1 (Boat Quay / Raffles Place / Marina) posted the lowest median unlevered return at -0.3%.
Capital gains and returns are calculated by comparing the current transacted price of each unit with its previous transacted price. Districts with fewer than 10 matching transactions are excluded from the ranking.
A. Condo Rental Market
Overall condo rental prices decreased slightly by 0.1%. Prices in CCR increased by 0.6%, while RCR and OCR decreased by 0.3% and 0.8%, respectively, compared to August 2026.
Year-on-year, overall rental prices increased by 2.4% compared to September 2025.
Year-on-year, rental prices in CCR, RCR, and OCR increased by 2.8%, 1.9%, and 1.7%, respectively.
Rental volumes decreased by 18.6% month-on-month. An estimated 6,774 units were rented in September 2026, compared to 8,318 in August 2026.
Year-on-year, rental volumes were 5% higher.
Rental volumes were 6.9% higher than the 5-year average for September.
Breaking it down by region for September 2026, 34.5% of the total rental volume was from OCR, 34.4% from RCR, and 31.1% from CCR.
B. HDB Rental Market
In September 2026, HDB rental prices decreased by 0.6% compared to August 2026. Rental prices in Mature and Non-Mature estates decreased by 0.3% and 1%, respectively. Rental prices for 3-room, 4-room, 5-room, and Executive flats decreased by 0.3%, 0.8%, 0.4%, and 0.7%, respectively.
Overall rental prices increased by 1.1% compared to September 2025.
Rental prices in Mature and Non-Mature estates increased by 1.2% and 0.8%, respectively.
Year-on-year, rental prices for 3-room, 4-room, 5-room, and Executive flats increased by 0.9%, 0.9%, 1%, and 3.5%, respectively.
Rental volumes decreased by 15.4% month-on-month. An estimated 2,379 HDB flats were rented in September 2026, compared to 2,811 in August 2026.
Year-on-year, rental volumes decreased by 9.3%.
Rental volumes were 7.1% lower than the 5-year average for September.
In September 2026, 4-room flats made up the largest share of rental volume at 37.7%, followed by 3-room flats at 36%, 5-room flats at 21.2%, and Executive flats at 5.1%.
| Date | Value | % Change |
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On the Friday of the first full work week for each month, SRX releases the Singapore Real Estate Exchange Property Index (SPI) as a public service to the community.
SPI differs from other Singapore indices in four distinct ways:
For more information, please refer to the SPI White Paper.
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Whilst the information is intended to be accurate and current, SSPL is not responsible for any errors or omissions in this document. SSPL may vary, withdraw or amend any information presented herein at any time without notice.
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