HDB resale prices November 2025 continued their gradual climb, rising 0.2% month on month as the market showed clearer signs of stabilisation. While the increase was modest, it reflected steady demand across most flat types and estates, even as buyers navigated changing interest rates and policy conditions.
Market observers note that HDB resale prices November 2025 align with a broader pattern seen throughout the year: slower growth, but sustained resilience. Demand remained strongest for renovated flats and homes located near MRT stations and schools, helping to support overall price levels.
Moderate Growth Across Flat Types in HDB Resale Prices November 2025
The latest data shows that HDB resale prices November 2025 rose across both Mature and Non-Mature Estates. Mature Estates led with a 0.6% increase, while Non-Mature Estates recorded a smaller 0.1% rise, reflecting buyers’ continued preference for established locations with better connectivity and amenities.
By room type, most segments saw gains. Three-room flats rose 0.3%, four-room flats increased 0.7%, and Executive flats posted the strongest monthly growth at 1.3%. The only exception was the five-room segment, which edged down 0.6% during the month.
Year-on-Year Trends Point to Steady Growth
On an annual basis, HDB resale prices November 2025 were 3% higher compared to November 2024. Executive flats led year-on-year growth at 6.9%, followed by five-room flats at 3.6%, four-room flats at 3.2%, and three-room flats at 2.6%.
Both Mature and Non-Mature Estates recorded annual gains of over 3%, reinforcing the view that price stability remains intact across the broader resale market.
Resale Volumes Recovered in November 2025
A total of 1,674 resale flats were transacted in November, marking a 24.3% increase from October. While this rebound appears sharp, analysts caution that October’s unusually low volume exaggerates the month-on-month growth. In reality, activity returned to more typical levels.
Despite the recovery, resale volumes remained 14.2% lower year on year, suggesting buyers are becoming more selective amid affordability considerations.
Million-Dollar Flats Continue to Support HDB Resale Prices November 2025
The million-dollar flat segment remained a key pillar supporting HDB resale prices November 2025. A total of 120 flats transacted at or above S$1 million during the month, up from 87 in October.
Bukit Merah, Toa Payoh, and Queenstown led these high-value transactions, though premium resale activity was observed across many other estates islandwide. This dispersion highlights how demand for high-quality HDB homes is no longer confined to central locations alone.
As the year draws to a close, HDB resale prices November 2025 suggest a market that is cooling without weakening. Prices remain stable, demand is steady, and buyer interest continues to centre on location, layout, and flat condition. These fundamentals are likely to keep the resale market resilient into the early months of 2026.
