The HDB Resale Price Index for Q3 2026 came in at 202.5, down 0.1% from the 2nd Quarter, HDB said on 23 October 2026. It is the third quarterly decline in a row, following falls of 0.1% and 0.3% in the first two quarters of the year.
Volumes moved the other way. Resale transactions rose 19.5% to 7,645. For buyers, prices are steady to slightly softer; for sellers, there are more buyers but no rising tide.
The HDB Resale Price Index for Q3 2026 in Numbers
From HDB’s 3rd Quarter 2026 release and its index table:
| Quarter | Resale Price Index | Change on previous quarter |
|---|---|---|
| Q3 2025 | 203.7 | +0.4% |
| Q4 2025 | 203.6 | 0.0% |
| Q1 2026 | 203.4 | -0.1% |
| Q2 2026 | 202.8 | -0.3% |
| Q3 2026 | 202.5 | -0.1% |
The index is 1.2 points, or about 0.6%, below its level a year earlier. It peaked at 203.7 in the 3rd Quarter of 2025 after several years of gains; it stood at 168.1 in the 3rd Quarter of 2022.
The flash estimate on 1 October had put the index at 202.4, down 0.2%, based on transactions recorded up to 29 September. The final figure uses the full quarter’s data.
More Deals, Flat Prices
Resale transactions rose from 6,396 in the 2nd Quarter to 7,645 in the 3rd, a 19.5% jump. Compared with 7,221 in the 3rd Quarter of 2025, volume was 5.9% higher.
Part of the backdrop is the removal of the 15-month wait-out period on 28 July 2026 for private property owners buying non-subsidised resale flats without an HDB loan. HDB said it had not seen a significant increase in the prices or number of flats bought by these owners since then.
Supply is also rising. HDB expects the number of BTO flats reaching their Minimum Occupation Period to climb from 13,500 in 2026 to 15,000 in 2027 and 19,500 in 2028, according to its July 2026 notice. More flats eligible for sale gives buyers more choice.
The short version: HDB resale prices slipped 0.1% in Q3 2026 to an index of 202.5, the third small fall in a row and about 0.6% below a year earlier. Transactions rose 19.5% to 7,645. Prices are broadly flat, so the valuation and your own budget matter more than the headline trend.
HDB Rental Market in Q3 2026
Approved applications to rent out HDB flats fell 6.2%, from 10,002 in the 2nd Quarter to 9,381. That was 7.3% fewer than the 10,123 approved in the 3rd Quarter of 2025.
At the end of September, 59,378 HDB flats were rented out, up 0.9% from 58,855 a quarter earlier. HDB publishes median rents by town in an annex to the release.
What It Means for Buyers, Sellers and Owners
Buyers. A flat index takes some pressure off, but it does not mean every flat is cheaper: the index is an average across towns and flat types. Ask for recent transactions in the block and request a valuation before you exercise the Option to Purchase, since any amount above valuation must be paid in cash. Our guide on how to buy a house in Singapore walks through the steps.
Sellers. More transactions means more active buyers, but prices are not rising across the board. Before setting an asking price, work out what you would actually receive after the loan, CPF refund and costs with our HDB sale proceeds calculator. If you used CPF, see how accrued interest affects your sale.
Owners staying put. Index movements of 0.1% to 0.3% are small. On an illustrative flat valued at $600,000, a 0.1% fall is about $600. Paper values matter mainly when you sell, refinance or plan to right-size.
HDB repeated its standard caution that the economic outlook, including interest rates, remains uncertain and that households should be prudent when buying property and taking mortgages.
What To Do Next
- Look up recent transactions for your town and flat type on the HDB Flat Portal before you set or accept a price.
- If you are selling to buy, plan both sides with the HDB resale timeline planner.
- Check what a loan would cost at today’s rates in the mortgage repayment calculator.
- HDB issued its flash estimates on 1 July and 1 October 2026; the next, for the 4th Quarter, is expected in early January 2027.
- For the private market in the same quarter, see private home prices in Q3 2026.
