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HDB resale prices increased by 0.5% in February 2024 compared to January 2024. Both Mature and Non-Mature Estates prices increased by 0.5% and 0.3% respectively as compared to February 2023. In terms of room types, 3 Room prices increased by 0.9%, 4 Room prices increased by 9.6%, 5 Room prices decreased by 0.4% and Executive prices increased by 0.7%.
According to the SRX Property Price Index for HDB Resale:
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Year-on-year, the overall price increase is 6.4% from February 2023.
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Year-on-year, prices for all room types increased over February 2023: 3 Room by 5.4%, 4 Room by 6.3%, 5 Room by 7.0% and Executive by 6.2%.
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Mature and Non-Mature Estates prices increase by 6.1% and 5.9% respectively from a year ago.
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2,134 HDB resale flats were transacted in February 2024, representing a 18.8% decrease from February 2024.
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Year-on-year, resale volume in February 2024 is 15.4% higher than the previous year.
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Breaking it down by room type, in February 2024, 24.9% of the volume came from HDB 3 Room, 42.5% from 4 Room, 23.1% from 5 Room and 6.4% from Executive.
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Breaking it down by estate, 64.3% of the resale volume in December 2023 came from Non-Mature Estates. The remaining 35.7% in the month are from Mature Estates.
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The highest transacted price for a resale flat in the month is achieved at $1,480,000 by an Executive flat at Bishan St 24
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In Non-Mature Estates, the highest transacted price is achieved at $1,045,000 by an executive apartment at Hougang Ctrl.
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In February 2024, there are 50 HDB resale flats transacted for at least $1,000,000, representing a decrease from January 2024 which recorded 74 such units.
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The number of million-dollar flats sold comprise 2.3% of the total resale volumes in the month.
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Queenstown records nine units of million-dollar flats sold in the month, followed by Toa Payoh which records six units.
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The rest of the million-dollar flats come from Kallang Whampoa, Ang Mo Kio, Bukit Merah, Bukit Timah, Clementi, Bishan, Central Area, Serangoon, Woodlands, Geylang, Hougang and Bedok
