HDB Resale Prices in 2025 – Will They Keep Climbing? Full Update

The HDB resale market continues to be a hot topic in Singapore’s property sector as we move through 2025. After a record-breaking surge in 2022 and 2023, prices began to stabilize in 2024—but now in 2025, the question arises: are prices rising again?

Early indicators suggest that hdb resale prices are indeed climbing, albeit at a slower and more sustainable pace. As demand for public housing remains strong, buyers are facing higher valuations, limited supply in mature estates, and increasing competition in popular locations. For those looking to buy or sell, it’s essential to understand the current market trends and what’s driving these price movements.

This article explores the current housing market dynamics, resale data, and expert insights into where things are headed in the latest singapore property news 2025.

Overview of HDB Resale Market in 2025

The Housing & Development Board (HDB) has released its Q1 2025 report showing that resale prices have increased by 3.2% year-on-year, following a 6.8% rise in 2024. While the growth has moderated from the double-digit surges of the pandemic era, the market remains firm due to several core factors.

Key drivers of current price trends:

• Steady demand from young families and upgraders

• Limited supply of 4- and 5-room flats in central and mature estates

• Delays in new BTO launches, pushing buyers into the resale market

• CPF housing grant enhancements, increasing purchasing power

• Foreign demand from PRs who are ineligible for BTOs

Resale flats in towns such as Bukit Merah, Queenstown, Bishan, and Toa Payoh are seeing particularly high price appreciation.

Average Resale Prices by Flat Type

Here’s a look at the average hdb resale prices in 2025 by flat type, based on data from January to April:

• 3-Room Flat: S$410,000

• 4-Room Flat: S$580,000

• 5-Room Flat: S$670,000

• Executive Flat: S$780,000

Prices in prime locations like Queenstown, Bukit Timah, and Central Area can exceed S$950,000 for 5-room and executive flats, especially those within 500 meters of MRT stations or schools.

These prices are influenced by amenities, lease balance, and floor level, with newer flats (less than 10 years old) commanding premium prices.

Government Measures to Stabilize the Market

To prevent runaway prices and ensure accessibility, the government has introduced several new measures in 2025 aimed at cooling the housing market and improving affordability.

Key policy moves include:

• Revised HDB resale valuation system to enhance price transparency

• Tighter loan-to-value (LTV) ratios for resale purchases using HDB loans

• Additional buyer stamp duties (ABSD) on resale flats bought by private property owners

• Priority BTO scheme enhancements to reduce pressure on resale market

These measures are part of a wider singapore property news 2025 strategy to balance demand and supply while supporting homeownership goals.

Despite this, resale demand remains healthy, especially for buyers who cannot wait for BTO projects or prefer flats in established towns.

Tips for Buyers Navigating the 2025 Resale Market

For those planning to purchase an HDB resale flat in 2025, here are some tips to improve your chances and manage costs:

• Get a valid HFE letter early: HDB Flat Eligibility (HFE) checks are now required before flat selection and should be done months in advance

• Use the CPF Housing Grant smartly: You can receive up to S$80,000 depending on income level and flat size

• Engage an experienced agent: Resale transactions can be complex, especially with lease decay and valuation mismatches

• Check lease balance: Flats with less than 60 years of lease may face restrictions for future resale or financing

• Factor renovation costs: Older flats may require upgrades, adding S$30,000–S$60,000 to your budget

Being financially prepared and flexible with location will help in securing a good deal.

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FAQs

Are HDB resale prices still increasing in 2025?

Yes. Prices have risen about 3.2% year-on-year, with strong demand in mature estates and central locations.

Which areas in Singapore have the highest resale prices?

Queenstown, Toa Payoh, Bishan, and Bukit Merah are among the highest, especially for 4- and 5-room flats.

Is it better to buy resale or wait for a BTO?

It depends on your timeline and housing needs. Resale flats offer immediate occupancy but at a higher cost. BTOs are more affordable but require a longer wait.

How much CPF Housing Grant can I get for a resale flat in 2025?

Eligible buyers can receive up to S$80,000 in CPF grants, depending on income and flat type.

What should I check before buying a resale flat?

Check the remaining lease, renovation needs, market valuation, and whether you qualify for HDB loan or bank loan based on your HFE letter.

Click here to know more.