HDB's flash estimate puts the third-quarter 2026 resale price index at 202.4, down 0.2% from the previous quarter and the third consecutive quarterly decline.

TL;DR

  • The resale price index was 202.4 in Q3 2026, after falls of 0.1% in Q1 and 0.3% in Q2, according to HDB.
  • Volumes held up: 7,528 resale transactions were recorded as of 29 September, 5.2% above the 7,157 a year earlier.
  • About 7,960 new flats are due in the November 2026 Build-To-Order exercise, and HDB urges households to exercise prudence.

What did HDB report for Q3 2026?

The Housing & Development Board (HDB), Singapore's public housing authority, published its flash estimate on 30 September 2026. The resale price index of 202.4 is 0.2% lower than in Q2 2026. Little Big Red Dot, which reported the release, puts the Q2 level at 202.8 and the Q4 2025 level at 203.6, so the index has drifted down for three quarters in a row. A flash estimate is an early reading based on transactions recorded so far, here up to 29 September, and can differ from the final figure.

Are resale transactions still holding up?

HDB describes volumes as broadly stable. It recorded 7,528 resale transactions in Q3 up to 29 September, compared with 7,157 over the same period last year, an increase of 5.2%. In other words, prices are edging lower while activity is not drying up.

Has removing the 15-month wait-out period changed anything?

The wait-out period barred private property owners and ex-owners from buying non-subsidised HDB resale flats for 15 months. It was introduced on 30 September 2022 and removed on 28 July 2026. HDB says it has not seen a significant increase in the prices or number of resale flats bought by these buyers since then, but will keep monitoring. It cited several quarters of price moderation and a larger number of flats expected to reach the Minimum Occupation Period in coming years as reasons for the removal.

What new flat supply is coming?

HDB says about 7,960 flats will be launched in the November 2026 Build-To-Order exercise, across Bedok, Geylang, Sembawang, Tengah, Toa Payoh and Yishun, with Community Care Apartments also offered in Toa Payoh. Applicants need a valid HDB Flat Eligibility letter. Some third-party previews had pointed to an October launch, but HDB's own release says November, and further details will be shared during the exercise.

Why does it matter for Asian property watchers?

In the same quarter, URA's flash estimate for private homes showed a 1.4% rise, so Singapore's two housing tiers are moving in different directions. We covered the private-market reading earlier in Singapore Home Prices Rise 1.4% in Q3 2026 While New Sales Halve, and HDB's construction push in HDB Turns to Robots and Smart Hoists to Speed Up BTO Construction. HDB itself notes the macroeconomic outlook, including interest rates, remains highly uncertain. This is market information, not property or financial advice.

What is not confirmed?

The figures are a flash estimate and may be revised. HDB gave no price forecast, and we have not seen town-level or flat-type breakdowns.

Frequently Asked Questions

How much did HDB resale prices fall in Q3 2026?

HDB's flash estimate shows a 0.2% decline, with the resale price index at 202.4.

When was the 15-month wait-out period removed?

On 28 July 2026. It had applied to private property owners and ex-owners buying non-subsidised resale flats since 30 September 2022.

How many flats are in the next BTO exercise?

About 7,960 flats in November 2026, across six towns, plus Community Care Apartments in Toa Payoh.

Sources and Method

Primary source: HDB, Flash Estimate of 3rd Quarter 2026 Resale Price Index and Upcoming Flat Supply, 30 September 2026, https://www.hdb.gov.sg/hdb-pulse/news/2026/20261001-Flash-Estimate-of-3rd-Quarter-2026-Resale-Price-Index-and-Upcoming-Flat-Supply . Independent source: Little Big Red Dot, 1 October 2026. Private-market comparison: URA flash estimate release, 1 October 2026, https://www.ura.gov.sg/news/media/pr26-69/ . Original Property News Asia rewrite.