HDB Resale Price Index Q3 2026: latest figure

The HDB Resale Price Index for Q3 2026 is 202.5 (final), down 0.1% on Q2 2026 and down 0.6% on Q3 2025.

As at Q3 2026, released 23 Oct 2026. Next release expected 31 Dec 2026.

HDB resale price indexHDB Resale Price Index, 1Q2009 = 100. Quarterly.
  • Policy measures (select one for details)
HDB resale price index. The index slides from about 136 in 2015 to about 131 in 2019, then climbs from 2020 to a peak of about 204 in the third quarter of 2025 and has been flat since, at about 203 in the second quarter of 2026.100120140160180200201620182020202220242026202.52017-03-10: SSD holding period cut to 3 years; TDSR relaxed for equity withdrawal2018-02-19: Budget 2018: top BSD rate raised to 4% above S$1m2018-02-19: Budget 2018: Proximity Housing Grant enhanced2018-07-05: Property cooling measures, July 2018: higher ABSD and lower LTV limits2021-12-15: Property cooling measures, December 2021: higher ABSD, TDSR 55%, HDB loan LTV 85%2022-09-29: Property measures, September 2022: higher TDSR and MSR rate floor, HDB loan LTV 80%, 15-month wait-out2023-02-14: Buyer's Stamp Duty raised for higher-value properties, Budget 20232023-02-14: CPF Housing Grant raised for first-time resale buyers, Budget 20232023-04-26: ABSD rates raised, April 20232024-08-19: HDB loan LTV cut to 75% and Enhanced CPF Housing Grant raised2025-07-03: Seller's Stamp Duty holding period back to four years, rates raised by 4 ppHDB resale price index. The index slides from about 136 in 2015 to about 131 in 2019, then climbs from 2020 to a peak of about 204 in the third quarter of 2025 and has been flat since, at about 203 in the second quarter of 2026.1001201401601802002016201820202022202420262017-03-10: SSD holding period cut to 3 years; TDSR relaxed for equity withdrawal2018-02-19: Budget 2018: top BSD rate raised to 4% above S$1m2018-02-19: Budget 2018: Proximity Housing Grant enhanced2018-07-05: Property cooling measures, July 2018: higher ABSD and lower LTV limits2021-12-15: Property cooling measures, December 2021: higher ABSD, TDSR 55%, HDB loan LTV 85%2022-09-29: Property measures, September 2022: higher TDSR and MSR rate floor, HDB loan LTV 80%, 15-month wait-out2023-02-14: Buyer's Stamp Duty raised for higher-value properties, Budget 20232023-02-14: CPF Housing Grant raised for first-time resale buyers, Budget 20232023-04-26: ABSD rates raised, April 20232024-08-19: HDB loan LTV cut to 75% and Enhanced CPF Housing Grant raised2025-07-03: Seller's Stamp Duty holding period back to four years, rates raised by 4 pp

Latest: HDB 202.5 (Q3 2026), down 0.6% on Q3 2025.

HDB adjusts for the mix of flats sold: it used stratification up to 3Q2014 and a stratified hedonic regression from 4Q2014 (HDB, data.gov.sg). Quarters appear when HDB publishes the final figure.

Table view
PeriodHDB Resale Price Index
Q3 2026202.5
Q2 2026202.8
Q1 2026203.4
Q4 2025203.6
Q3 2025203.7
Q2 2025202.9
Q1 2025201.0
Q4 2024197.9
Q3 2024192.9
Q2 2024187.9
Q1 2024183.7
Q4 2023180.4
Q3 2023178.5
Q2 2023176.2
Q1 2023173.6
Q4 2022171.9
Q3 2022168.1
Q2 2022163.9
Q1 2022159.5
Q4 2021155.7
Q3 2021150.6
Q2 2021146.4
Q1 2021142.2
Q4 2020138.1
Q3 2020133.9
Q2 2020131.9
Q1 2020131.5
Q4 2019131.5
Q3 2019130.9
Q2 2019130.8
Q1 2019131.0
Q4 2018131.4
Q3 2018131.6
Q2 2018131.7
Q1 2018131.6
Q4 2017132.6
Q3 2017132.8
Q2 2017133.7
Q1 2017133.9
Q4 2016134.6
Q3 2016134.7
Q2 2016134.7
Q1 2016134.7
Q4 2015134.8
Q3 2015134.6
Q2 2015135.0
Q1 2015135.6
Policy measures marked on this chart (11)
  • 2025-07-03 Seller's Stamp Duty holding period back to four years, rates raised by 4 pp
  • 2024-08-19 HDB loan LTV cut to 75% and Enhanced CPF Housing Grant raised
  • 2023-04-26 ABSD rates raised, April 2023
  • 2023-02-14 CPF Housing Grant raised for first-time resale buyers, Budget 2023
  • 2023-02-14 Buyer's Stamp Duty raised for higher-value properties, Budget 2023
  • 2022-09-29 Property measures, September 2022: higher TDSR and MSR rate floor, HDB loan LTV 80%, 15-month wait-out
  • 2021-12-15 Property cooling measures, December 2021: higher ABSD, TDSR 55%, HDB loan LTV 85%
  • 2018-07-05 Property cooling measures, July 2018: higher ABSD and lower LTV limits
  • 2018-02-19 Budget 2018: Proximity Housing Grant enhanced
  • 2018-02-19 Budget 2018: top BSD rate raised to 4% above S$1m
  • 2017-03-10 SSD holding period cut to 3 years; TDSR relaxed for equity withdrawal

Source: HDB. Data to Q3 2026.

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HDB resale price index: change on the previous quarterPercent change on the previous quarter, final quarters only, from 2023.
HDB resale price index: change on the previous quarter. Columns show the quarterly change in the HDB Resale Price Index. Quarterly gains peaked at 2.7 per cent in the third quarter of 2024, slowed through 2025 and became small falls of 0.3 per cent or less in the last two final quarters, after a flat fourth quarter of 2025.-0.5%0.0%0.5%1.0%1.5%2.0%2.5%3.0%Jan 23Jan 24Jan 25Jan 26HDB resale price index: change on the previous quarter. Columns show the quarterly change in the HDB Resale Price Index. Quarterly gains peaked at 2.7 per cent in the third quarter of 2024, slowed through 2025 and became small falls of 0.3 per cent or less in the last two final quarters, after a flat fourth quarter of 2025.-0.5%0.0%0.5%1.0%1.5%2.0%2.5%3.0%Jan 23Jan 24Jan 25Jan 26

Latest: HDB -0.1% (Q3 2026).

Change on the HDB Resale Price Index: each final quarter against the quarter before.

Table view
PeriodHDB Resale Price Index, change on the quarter
Q3 2026-0.1%
Q2 2026-0.3%
Q1 2026-0.1%
Q4 2025-0.0%
Q3 20250.4%
Q2 20250.9%
Q1 20251.6%
Q4 20242.6%
Q3 20242.7%
Q2 20242.3%
Q1 20241.8%
Q4 20231.1%
Q3 20231.3%
Q2 20231.5%
Q1 20231.0%

Source: HDB. Data to Q3 2026.

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Recent figures

HDB Resale Price Index, last 12 quarters, newest first.
QuarterIndexChange on the quarterChange on a year earlierStatus
Q3 2026202.5-0.1%-0.6%Final
Q2 2026202.8-0.3%0.0%Final
Q1 2026203.4-0.1%+1.2%Final
Q4 2025203.60.0%+2.9%Final
Q3 2025203.7+0.4%+5.6%Final
Q2 2025202.9+0.9%+8.0%Final
Q1 2025201.0+1.6%+9.4%Final
Q4 2024197.9+2.6%+9.7%Final
Q3 2024192.9+2.7%+8.1%Final
Q2 2024187.9+2.3%+6.6%Final
Q1 2024183.7+1.8%+5.8%Final
Q4 2023180.4+1.1%+4.9%Final

Source: HDB.

What it measures

The HDB Resale Price Index tracks how the prices of resale HDB flats move across Singapore, quarter by quarter. HDB adjusts it for the mix of flats sold, so a quarter with more large or newer flats does not by itself push the index up.

The index is set to 100 in its base quarter, the first quarter of 2009. A level on its own is not a price: it only means something next to another level.

How to read it

Read the change, not the level. The change on the quarter shows the latest move; the change on a year earlier smooths out seasonal swings.

HDB publishes a flash estimate at the end of each quarter and the final figure a few weeks later. The two can differ, so a flash estimate is marked as such on this page.

The index is a market average. For what flats sell and rent for in one town, see the town pages, which use the resale and rental records.

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