The HDB resale prices October 2025 data shows a slight cooling in Singapore’s public housing market after months of steady growth. Despite a dip in transactions, HDB resale prices October 2025 stayed firm, supported by solid demand for spacious, well-located flats in both Mature and Non-Mature Estates.
Modest Dip After a Record High in September
According to the latest 99.co flash report, HDB resale prices October 2025 fell by 0.6% month-on-month. The overall resale price index eased to 208.4 from 209.7 in September, when prices reached an all-time high.
Prices in Mature Estates declined by 0.5%, while Non-Mature Estates saw a larger 0.9% fall. This indicates that homes in mature areas—typically closer to MRT stations, schools, and amenities—remain more resilient amid shifting buyer sentiment.
Among flat types, 3-room and 5-room units recorded modest 0.3% increases, while 4-room flats slipped by 1.3%. Executive flats held steady. Year-on-year, HDB resale prices October 2025 are still up 3.8%, showing continued strength despite short-term fluctuations.
Transaction Volume Slows in October
Following a strong third quarter, transaction volume dipped in HDB resale prices October 2025 data, with only 1,347 flats changing hands. More than half of these came from Non-Mature Estates such as Punggol, Yishun, Woodlands, and Sengkang—popular among upgraders and price-conscious buyers.
Mature Estates like Toa Payoh, Bukit Merah, and Queenstown contributed 44.1% of total sales. By flat type, 4-room units led with 45.2% of deals, followed by 3-room (26.6%), 5-room (23.5%), and Executive flats (4.6%).
Million-Dollar HDB Resale Prices October 2025 See a Drop
The number of million-dollar flats in HDB resale prices October 2025 fell to 87 from 172 in September. These accounted for 6.5% of total sales, reflecting a slowdown in high-end transactions.
The most expensive resale flat in October was a 5-room unit at Boon Keng Road sold for S$1.55 million. In the Non-Mature Estates, a rare Executive flat in Woodlands fetched S$1.27 million, proving that even suburban areas can command premium prices for spacious units.
Toa Payoh topped the list with 20 million-dollar deals, followed by Bukit Merah (13) and Kallang/Whampoa (11). The trend highlights continued demand for centrally located, newer flats with longer leases.
HDB Resale Market Outlook
Looking ahead, the HDB resale prices October 2025 trend suggests a steady but quieter market as the year ends. Prices are expected to stabilise within a narrow range, with sellers adjusting to slower demand.
Interest rate cuts in late 2025 may support affordability and sustain activity, especially among bank loan buyers. Despite fewer transactions, the resilience of HDB resale prices October 2025 underscores the long-term appeal of Singapore’s public housing market as both a home and an asset.
