HDB Resale Market

HDB’s Resale Price Index (RPI) for 3rd Quarter 2026 is 202.5, a decrease of 0.1% from that in 2nd Quarter 2026 (see Annexes A1 and A2). This marks the third consecutive quarter of decline in resale prices, following decreases of 0.1% and 0.3% in the 1st and 2nd Quarters of 2026 respectively.

2 The resale volume in 3rd Quarter 2026 rose by 19.5% from 6,396 transactions in 2nd Quarter 2026 to 7,645 transactions (see Annex B). Compared with the 7,221 transactions in 3rd Quarter 2025, resale transactions were 5.9% higher in 3rd Quarter 2026.

3 HDB has not observed a significant increase in the prices and number of resale flats purchased by private residential property owners (PPOs) and ex-PPOs, since the 15-month wait-out period for PPOs and ex-PPOs buying non-subsidised HDB resale flats was removed on 28 July 2026¹.

4 The median resale prices in the various towns in 3rd Quarter 2026 are tabulated in Annex C.

HDB Rental Market

5 The median rents in the various towns in 3rd Quarter 2026 are tabulated in Annex D.

6 The number of approved applications to rent out HDB flats fell by 6.2% from 10,002 applications in 2nd Quarter 2026 to 9,381 applications in 3rd Quarter 2026 (see Annex E). Compared with the 10,123 approved applications in 3rd Quarter 2025, the number of approved applications in 3rd Quarter 2026 was 7.3% lower.

7 As at the end of 3rd Quarter 2026, 59,378 HDB flats were rented out, an increase of 0.9% from the 58,855 flats rented out in the previous quarter.

Upcoming Flat Supply

8 To provide more housing options for flat buyers, HDB will continue to roll out a steady supply of new flats. In the upcoming Build-To-Order exercise in November 2026, HDB will launch about 7,960 flats in Bedok, Geylang, Sembawang, Tengah, Toa Payoh and Yishun. Community Care Apartments will also be offered in Toa Payoh. More details will be shared during the sales exercise.

9 The macroeconomic outlook remains highly uncertain, including for global and domestic interest rates. Households are advised to exercise prudence when purchasing property and taking out mortgage loans. The Government will continue to monitor the property market closely and adjust its policies as necessary to promote a stable and sustainable property market.

¹ The 15-month wait-out period was introduced on 30 September 2022 as a temporary measure to moderate housing demand and prioritise access to public housing for first-time home buyers. The wait-out period was removed on 28 July 2026 following several quarters of price moderation in the HDB resale market and an expected larger number of new flats entering the resale market after meeting the Minimum Occupation Period over the next few years.

3rd Quarter 2026 Public Housing Data and Upcoming Flat Supply