How Much Have HDB Prices Gone Up in Singapore? (2026)
Singapore HDB resale prices have risen by an average of 33.1% over the past five years, based on 7,191 blocks with sufficient data. 100% of blocks show appreciation. The strongest town is Punggol (+38.9%).
How to read the national price trend
HDB resale prices have been on a sustained run since 2020, driven by pandemic-era construction delays, strong household formation, and a generation of buyers priced out of private property. The government responded with cooling measures in September 2022 and April 2023 and a ramped-up BTO supply pipeline, which slowed the pace without reversing it. The clearest sign of where the ceiling has moved: 1,003 blocks across the island have now recorded at least one million-dollar resale.
The national trend hides how unevenly the market moves underneath it. Young towns with long leases appreciate differently from mature estates where lease decay drags against the market tide, and the same town can show rising 5-room prices while its oldest 3-room stock stalls. Treat the headline trend as the tide, then check how your specific block has actually moved against it. See the full market dashboard for the latest quarterly picture, read whether HDB prices could crash in 2026, and check which blocks have appreciated fastest over five years.
Five-Year HDB Price Trends by Town
| Town | 5-Year Average Change | Blocks Rising | Data Points |
|---|---|---|---|
| Punggol | +38.9% | 100% | 378 |
| Sengkang | +38.8% | 100% | 539 |
| Hougang | +38.2% | 100% | 403 |
| Serangoon | +36.5% | 100% | 162 |
| Tampines | +35.9% | 100% | 581 |
| Pasir Ris | +35.6% | 100% | 314 |
| Bishan | +35.3% | 100% | 164 |
| Woodlands | +35% | 100% | 511 |
| Sembawang | +34.1% | 100% | 164 |
| Yishun | +32.9% | 100% | 458 |
| Geylang | +32.7% | 100% | 191 |
| Ang Mo Kio | +32.5% | 100% | 281 |
| Bedok | +32.2% | 99% | 396 |
| Bukit Panjang | +31.7% | 100% | 249 |
| Bukit Timah | +31.7% | 100% | 21 |
| Toa Payoh | +31.5% | 99% | 220 |
| Choa Chu Kang | +31.1% | 100% | 371 |
| Bukit Batok | +30% | 100% | 233 |
| Jurong West | +29.4% | 100% | 497 |
| Kallang/Whampoa | +28.8% | 98% | 211 |
| Jurong East | +26.9% | 99% | 162 |
| Clementi | +26.1% | 99% | 152 |
| Central Area | +25.4% | 98% | 53 |
| Marine Parade | +25.2% | 98% | 48 |
| Bukit Merah | +24.8% | 99% | 289 |
| Queenstown | +24.7% | 98% | 143 |
Frequently Asked Questions
How much have HDB prices gone up in Singapore?
HDB resale prices across Singapore have risen by an average of 33.1% over the past five years.
Which HDB town has the highest price growth?
Punggol leads with an average five-year appreciation of +38.9%.
Are HDB prices still going up in 2026?
As of Aug 2026, 100% of HDB blocks with five-year data show positive price trends. However, performance varies significantly by town, flat type, and remaining lease.
Which HDB town has the weakest price growth?
Queenstown has the lowest average five-year trend at +24.7%.
Related Questions
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