Despite what is usually thought of as a slow month for home sales due to the school holidays, HDB resale market activity held up in June 2026. Based on transaction data, 2,135 resale flats were sold during the month, relatively in line with the 2,133 units that changed hands in May 2026 (see Chart 1). The top three town that saw the highest resale volume in June were Tampines, Sengkang, and Woodlands, which made up under a quarter of the month's transactions.

Notably, the HDB's Build-to-Order (BTO) sales exercise in June where 6,952 new flats were offered in five towns - Ang Mo Kio, Bishan, Bukit Merah, Sembawang, and Woodlands - could have affected resale flat demand during the month.

Meanwhile, the HDB resale average price inched up by 0.4% month-on-month (MOM) to $663,126 in June. When compared with a year ago, the average resale price was up by 1.5% from about $653,100 in June 2025. Notably, the average price trend appears to be plateauing after September 2025, where the prices had peaked (see Chart 1).

Chart 1: HDB resale volume and average resale price

Based on the flash estimates released by the HDB, the HDB resale price index fell by 0.3% QOQ in Q2 2026, after a marginal dip of 0.1% QOQ in Q1 2026. Cumulatively, HDB resale prices fell by 0.4% in 1H 2026, compared with the 0.3% growth in 2H 2025 and the 2.5% jump in 1H 2025. The trajectory of the HDB resale price index over the past seven quarters tells a consistent story of cooling, with quarterly price growth steadily easing from the 2.7% QOQ increase in Q3 2024.

The moderation in the broader HDB resale market reflects a recalibration in the segment following years of healthy price appreciation, and as cooling measures and the increase in the supply of BTO flats work through the market. However, there remains strength in certain sought-after locations, as the number of flats resold for at least $1 million continues to be elevated.

There were 188 resale flats that changed hands for at least $1 million in June 2026 (see Chart 2) - taking the sales of such units to 902 flats in the first six months of 2026. In fact, June's tally of such flats sold is a new monthly record high, surpassing the 172 units resold in September 2025. This trend points to the enduring scarcity premium commanded by desirable resale flats with unique characteristics, such as units on high-floors, with longer remaining lease, spacious floor area, and/or located closer to the city.

Chart 2: Number of HDB flats resold for at least $1 million by month

In June, the million-dollar resale flats transacted comprised a 3-room terrace flat, 87 units of 4-room flats, 69 units of 5-room flats, and 31 executive flats. Of note, the number of 4- and 5-room million-dollar flats sold in June is a new record high for the respective flat types.

By towns, 17 of the million-dollar flats transacted in June are in non-mature towns, being Hougang, Punggol, Bukit Panjang, Sengkang, Woodlands, Yishun, Bukit Batok, and Jurong East. The remaining units are in mature estates, led by Toa Payoh and Bukit Merah with 28 deals each, 23 transactions at Queenstown, and 20 in Kallang Whampoa.

The priciest HDB resale flat sold in June was a 5-room premium apartment loft unit at SkyTerrace @ Dawson in Dawson Road which fetched $1.65 million (see Table 1). The unit spans 122 sqm and is located on a storey ranging between the 4th and 6th floor - a low-floor unit transacting at that quantum possibly reflect how strongly the Dawson Road address is valued by some buyers independent of floor level.

Of note, in Bukit Timah, the HDB resale price record was broken in June when an executive flat at Toh Yi Gardens (see Table 1) was sold for about $1.509 million - marginally surpassing the prior record of $1,501,555 set in May 2025. Tampines also saw a new all-time high resale price when a 149-sqm executive flat at Tampines Arcadia in Tampines Street 82 changed hands for $1.24 million during the month.

Table 1: Top 10 HDB resale flats sold in June 2026 by Transacted Price

Overall, the sales data showed that the proportion of flats resold that were priced at below $500,000 in June was 23.2%, on par with the 23.0% in the previous month. About 40.7% of the resale flats sold fetched between $500,000 and under $700,000, a shade higher than 40.3% in May. Meanwhile, the proportion of resale flat deals done at $700,000 to just under $1 million in June fell to 27.3% from 29.0% a month before. In contrast, the proportion of flats resold for at least $1 million in June rose to 8.8% from 7.7% in May (see Chart 3).

Chart 3: HDB resale flat transactions by price range

By flat type and town classification, the average prices of select resale flats in mature towns all posted growth, with the biggest jump of 3.6% MOM witnessed in 5-room flats, followed by a 2.8% MOM increase for executive flats (see Table 2). Meanwhile, the average resale price movements were mixed in non-mature estates as 4-room flats and executive flats posted MOM declines, while 3- and 5-room flats saw average prices climb from May to June.

Table 2: Average HDB resale flat prices by flat type, by town classification

Contact a PropNex salesperson to find out more about resale HDB market trends.