A 3 room HDB flat at 10B Boon Tiong Road was just sold for a record high price of $910,000 ($1,364 psf). The lease of the 62 sqm flat started in 2016, leaving it with a remaining lease of 89 years. The flat is located on the 22nd to 24th storey range. This floor area is equivalent to 667-sq ft. The recent transaction surpassed the previous record high for 3 room flats in Bukit Merah. In July 2025, a 3 room at 58 Havelock Road was sold for $860,000 ($1,158 psf). That flat measures 743 sq ft and is located on the 34th to 36th storeys. However, the flat at Block 58 has a shorter lease of 86 years, as its lease started in 2013. These two transactions surpassed last year’s record high of $850,000 ($1,274 psf), which was set by a flat that is located at 10A Boon Tiong Road. That unit was sold in April 2025. The flat measures 667 sq ft. It is located on the 10th to 12th storeys and it has a remaining lease of 89 years. There were no recent similar private property transactions in the surrounding projects. Three private property transactions were recently recorded nearby, a private leasehold condominium at Highline Residences along Kim Tian Road was sold for 1.7 million. It is a 2 bedrooms unit of 699 sq ft You can check all the resale transactions (and more) for 3 room flats in Bukit Merah using our property research tools. The HDB flat should appeal to parents with school-going children, as they are within walking distance of several schools, including Gan Eng Seng Primary School, Radin Mas Primary School, CHIJ (Kellock), CHIJ St Theresa's Convent, Queenstown Secondary School and Outram Secondary School. Nearby MRT stations include Great World, Tiong Bahru and Havelock. Grocery shopping can be done in places like Giant Express - Jalan Membina, FairPrice Bukit Ho Swee and Sheng Siong Supermarket.

An executive HDB flat at 310 Canberra Road was just sold for a record high price of $945,000 ($614 psf). The lease of the 143 sqm flat started in 1998, leaving it with a remaining lease of 71 years. The flat is located on the 13th to 15th storey range. This floor area is equivalent to 1,539-sq ft. The recent transaction surpassed the previous record high for executive flats in Sembawang. In November 2025, an executive at 310 Canberra Road was sold for $880,000 ($576 psf). That flat measures 1,528 sq ft and is located on the 4th to 6th storeys. Both flats started their lease in 1998. These two transactions surpassed last year’s record high of $870,000 ($577 psf), which was set by a flat that is located at 303 Canberra Road. That unit was sold in April 2025. The flat measures 1,507 sq ft. It is located on the 10th to 12th storeys and it has a remaining lease of 72 years. Three private property transactions were recently recorded nearby, an executive condominium at Skypark Residences along Sembawang Crescent was sold for 2.1 million, a condominium at The Nautical along Jalan Sendudok was sold for 1.6 million and a condominium at The Commodore along Canberra Drive was sold for 2.85 million. You can check all the resale HDB transactions (and more) for executive flats in Sembawang using our property research tools. The HDB flat should appeal to parents with school-going children, as they are within walking distance of several schools, including Greenwood Primary School, Ahmad Ibrahim Primary School, Canberra Primary School, Ahmad Ibrahim Secondary School, Yishun Secondary School and Yishun Town Secondary School. Nearby MRT stations include Sembawang, Canberra Station (NS12) and Yishun. Grocery shopping can be done in places like Sheng Siong Supermarket, Fortune Supermarket and Prime Supermarket.

Singapore will extend the temporary relaxation of the occupancy cap for larger public flats and private homes until Dec 31, 2028, as authorities continue efforts to manage strong rental demand. In a joint statement on Jan 16, the Housing and Development Board (HDB) and the Urban Redevelopment Authority (URA) said the two-year extension is a temporary measure to help meet sustained demand in the rental market. The policy was first introduced in January 2024 and was originally due to expire at the end of 2026. Under the relaxed rules, four-room and larger HDB flats, as well as private residential homes of at least 90 square metres, can house up to eight unrelated tenants, up from the previous cap of six. “Unrelated” refers to people not belonging to the same family unit. Rental Demand Still Strong Despite Supply Growth The extension comes even as housing supply continues to ramp up. Nearly 100,000 public and private homes were completed between 2023 and 2025, and another 21,000 homes are expected to be completed in 2026, the authorities said. While the increase in supply has helped cool the market, demand remains elevated. “While the increase in housing supply has helped to alleviate the tightness in the rental market and contributed to the moderation in the increase of residential rents, overall rental demand remains strong,” HDB and URA noted. To qualify for the higher occupancy cap, owners of HDB flats and commercial properties with living quarters must seek HDB approval before tenancy begins, using HDB’s e-services or the GoBusiness Portal. Owners of private homes of at least 90 sqm must register their units with URA to be authorised to house up to eight unrelated occupants. Authorities also stressed that property owners and tenants must minimise dis-amenities to neighbours, warning that approvals can be revoked if serious issues arise. Experts Say Move Supports Tenants and Stabilises Market Mr JT Chia, Managing Director at Propertyforsale, welcomed the extension, saying it benefits both renters and landlords. The move benefits companies who rent private apartments for their migrant workers. By housing 8 employees under one roof, the rental cost will be manageable. If not for the higher occupancy rate, a company with 16 foreign workers would have to rent 3 different apartment units. “The relaxation of the occupancy cap is expected to support tenants who are students, low income groups and co-living operators,” he added. He noted that the HDB rental price has stabilised whereas the private rent has dipped towards second half of 2025. Possible Further Extension Beyond 2028 HDB and URA  will continue to monitor conditions closely and review whether the temporary measure should be extended beyond 2028. For now, the policy gives both tenants and landlords greater flexibility, helping to balance affordability concerns with Singapore’s evolving rental landscape.

A 2 room HDB flat at 153 Jalan Teck Whye was just sold for a record high price of $418,000 ($1,022 psf). The lease of the 38 sqm flat started in 2021, leaving it with a remaining lease of 94 years. The flat is located on the 25th to 27th storey range. This floor area is equivalent to 409-sq ft. The recent transaction surpassed the previous record high for 2 room flats in Choa Chu Kang. In August 2025, a 2 room at 166A Teck Whye Crescent was sold for $400,000 ($791 psf). That flat measures 506 sq ft and is located on the 19th to 21st storeys. However, the flat at Block 166A has a shorter lease of 88 years, as its lease started in 2015. These two transactions surpassed last year’s record high of $380,000 ($751 psf), which was set by a flat that is located at 166A Teck Whye Crescent. That unit was sold in March 2025. The flat measures 506 sq ft. It is located on the 22nd to 24th storeys and it has a remaining lease of 89 years. A private property transaction was recently recorded nearby, a leasehold apartment of 473 sq ft at Hillion Residences along Jelebu Road was sold for $830,000. You can check all the resale transactions (and more) for 2 room flats in Choa Chu Kang using our property research tools. The HDB flat should appeal to parents with school-going children, as they are within walking distance of several schools, including St. Anthony's Primary School, Greenridge Primary School, West View Primary School, Bukit Panjang Government High School, West Spring Secondary School and Swiss Cottage Secondary School. Nearby MRT stations include Cashew, Phoenix and Bukit Panjang. Grocery shopping can be done in places like FairPrice Finest, Sheng Siong Supermarket and Prime Supermarket.

Singapore’s public housing resale market showed clear signs of cooling in 2025, with price growth moderating sharply amid weaker transaction volumes and an improving supply outlook. According to the Housing and Development Board’s (HDB) flash estimates, resale flat prices rose by 2.9 per cent in 2025, a significant slowdown from the 9.7 per cent increase recorded in 2024. This marks the slowest annual price growth since 2019, underscoring a shift towards a more stable and balanced market. The HDB resale price index remained virtually unchanged at 203.6 in the fourth quarter of 2025, compared with 203.7 in the previous quarter. Notably, this is the first time resale prices have stayed flat on a quarter-on-quarter basis since the first quarter of 2020. HDB attributed this to four consecutive quarters of decelerating price growth, with the last three quarters of 2025 seeing increases of less than 1 per cent each. Resale Volumes Decline Sharply Transaction activity also softened over the year. In the fourth quarter of 2025, resale volume fell to 5,129 transactions, an 18.8 per cent drop from the 6,314 units sold in the same period a year earlier. This marked the second straight quarter of double-digit year-on-year declines in resale volume. For the full year up to Dec 30, 2025, total resale transactions stood at 26,042 units, down 9.8 per cent from 28,876 in the corresponding period in 2024. The last annual decline in resale volume was recorded in 2023, when transactions fell by 4.2 per cent year-on-year—less than half the pace of the current downturn. More Supply Expected as MOP Flats Enter the Market Looking ahead, property analysts expect resale price growth to remain moderate in 2026, largely due to a surge in flats reaching their five-year minimum occupation period (MOP). More than 13,000 flats are projected to reach MOP in 2026—nearly double the number in 2025. This influx is expected to add a significant number of newer flats into the resale market, offering buyers more choices with longer remaining leases and easing the supply tightness seen in recent years. Demand Drivers May Cushion Market Impact The lower bank mortgage rates, healthy income growth and continued population expansion could support buyer demand. Government Outlook and Upcoming Supply On the supply front, HDB will launch about 4,600 Build-to-Order (BTO) flats in Bukit Merah, Sembawang, Tampines and Toa Payoh in February 2026. This will be complemented by a concurrent Sale of Balance Flats exercise offering around 3,000 units. Reiterating its commitment to market stability, HDB said the government will continue to monitor the property market closely and adjust policies where necessary to ensure a stable and sustainable housing market. In view of global economic uncertainties, households were also advised to remain prudent when purchasing properties and taking on mortgage loans. Overall, while the HDB resale market has clearly cooled from the rapid price escalation of recent years, a combination of rising supply and resilient demand is expected to keep the market on an even keel in 2026.

A 4 room HDB flat at 445A Clementi Ave 3 was just sold for a record high price of $1.35 million ($1,349 psf). The lease of the 93 sqm flat started in 2021, leaving it with a remaining lease of 94 years. The flat is located on the 40th to 42nd storey range. This floor area is equivalent to 1,001-sq ft. The recent transaction surpassed the previous record high for 4 room flats in Clementi. In December 2025, a 4 room at 445A Clementi Ave 3 was sold for $1.33 million ($1,327 psf). That flat also measures 1,001 sq ft and is located on the 31st to 33rd storeys. Both flats started their lease in 2021. The location is about 8 minutes walk to Clementi MRT.  These two transactions surpassed last year’s record high of $1.3 million ($1,299 psf), which was set by a flat that is located at 445B Clementi Ave 3. That unit was sold in October 2025. The flat measures 1,001 sq ft. It is located on the 34th to 36th storeys and it has a remaining lease of 94 years. Three private property transactions were recently recorded nearby, a leasehold condominium unit at Regent Park along Jalan Lempeng was sold for almost 1.62 million, and a condominium at Hundred Trees along West Coast Drive was sold for 1.675 million. You can check all the resale transactions (and more) for 4 room flats in Clementi using our property research tools. The HDB flat should appeal to parents with school-going children, as they are within walking distance of several schools, including Qifa Primary School, Mhlangane Area, The Japanese School, Singapore (Primary, Clementi Campus), NUS High School of Math and Science, Clementi Town Secondary School and Commonwealth Secondary School. Nearby MRT stations include Clementi, Dover and One-North. Grocery shopping can be done in places like Sheng Siong Supermarket, FairPrice Clementi A (Blk 451) and U Stars Supermarket @ 345.

The Government is prepared to further increase the supply of new Build-To-Order (BTO) flats beyond its current target of 55,000 units between 2025 and 2027, should demand remain strong. National Development Minister Chee Hong Tat said the Housing & Development Board (HDB) has been asked to go beyond the existing target to ensure that housing supply keeps pace with demand and remains accessible to Singaporeans. Speaking to the media on Thursday (Jan 8), Mr Chee said a robust pipeline of new flats would help improve affordability and ease pressure on the resale market, as some demand would be diverted away from the secondary market. “Having a strong supply will make BTO flats more accessible and help to moderate resale flat prices,” he said. Slower Resale Price Growth Signals Early Progress Recent data suggests early signs that these measures are having an impact. HDB resale prices recorded their fourth consecutive quarter of slower growth in the fourth quarter, following a 0.4 per cent increase in Q3. Year on year, the resale price index rose at a slower pace compared with the 2.6 per cent increase in the same period last year. For the whole of 2025, resale prices rose by 2.9 per cent—less than a third of the 9.7 per cent growth recorded the year before, and the slowest annual increase since 2019, when prices edged up by just 0.1 per cent. Mr Chee noted that with more flats expected to reach their Minimum Occupation Period (MOP) in 2026, additional supply will enter the resale market, further moderating prices. Steady Pipeline of New BTO Launches HDB will launch about 19,600 BTO flats across three sales exercises in February, June and October this year—similar to the 19,700 flats launched last year. More than 4,000 of these units will have a waiting time of under three years. The upcoming launches will include a mix of Standard, Plus and Prime flats in locations such as Ang Mo Kio, Bukit Merah and Tampines, catering to a wide range of household needs and budgets. HDB is currently on track to offer about 55,000 flats between 2025 and 2027, with 127 projects under construction—up from 110 projects a year ago. “With these developments, we hope to make further inroads into improving accessibility and affordability of HDB BTO flats and resale flats,” Mr Chee said, adding that there have been “some initial signs of progress in both areas”. Demand Normalising After Pandemic Peak Application rates for BTO flats have moderated significantly since the Covid-19 pandemic, when demand peaked at around seven applicants per flat. In 2025, application rates have eased to between 1.1 and 1.9 times, reflecting a more balanced market. Mr Chee reiterated that BTO flats will continue to be priced based on income levels, ensuring that the housing price-to-income ratio and mortgage servicing ratio remain affordable for buyers. On possible policy changes such as raising the BTO income ceiling, lowering the age limit for singles, or removing the 15-month wait-out period for private property owners, Mr Chee said the Government is monitoring market conditions closely. “We want to make sure that when we make such changes, market conditions are right,” he said, warning that insufficient supply could lead to longer waiting times for homebuyers. Completion Milestones and Estate Development In 2025, HDB completed about 19,600 flats across 28 housing projects, with a median waiting time of about four years. Three projects—Parc Clover @ Tengah, Hougang Olive and Yishun Boardwalk—were among those with shorter waiting times. Several projects, including MacPherson Weave and Costa Grove, were completed about three months ahead of schedule. HDB also completed the final four housing projects in Bidadari, marking the completion of all 12 public housing developments in the 93-hectare estate since its first launches in 2015. In total, 8,872 homes have been delivered in Bidadari. Upgrading Ageing Flats and Private Housing Supply To address ageing flats, the Government will continue with the Neighbourhood Renewal Programme and Silver Upgrading Programme, with more details on the next tranche of the Home Improvement Programme (HIP) to be released later. Mr Chee acknowledged challenges in securing the required 75 per cent support for HIP works in some blocks and said stakeholders will be consulted on improving the process. On the private housing front, about 12,000 private homes are expected to be launched in 2026—similar to 2025 levels and around 50 per cent higher than in 2024. Mr Chee added that if demand remains strong, more land can be released through both confirmed and reserved sites under the Government Land Sales programme. “We do have more land that we can release,” he said, underscoring the Government’s commitment to maintaining a steady and responsive housing supply. Private home prices will rise gradually and not escalate beyond control when there is ample land supply.

The Ministry of Trade and Industry (MTI) has announced the release of approximately 11.1 hectares (ha) of industrial land across eight sites for sale in the first half of 2026 under the Industrial Government Land Sales (IGLS) programme. While this represents a reduction in land supply compared to the first half of 2025, the government reiterated its commitment to ensuring a sufficient and steady pipeline of industrial space to meet market demand. The planned supply for H1 2026 is lower than the 14.07 ha across 10 sites launched in H1 2025. According to MTI, this calibrated approach reflects prevailing market conditions while maintaining long-term flexibility in land release. Despite the reduction, MTI emphasised that the government will “continue to release sufficient land through the IGLS programme” to support Singapore’s industrial ecosystem. Of the eight sites slated for H1 2026, six are on the confirmed list, with a combined land area of about 8.58 ha. This is slightly below the 9.71 ha from seven confirmed sites offered in H1 2025. The remaining two sites are placed on the reserve list, amounting to 2.52 ha, down from 4.36 ha across three reserve sites in the same period last year. Sites on the reserve list may be triggered for tender if bids meet a minimum price acceptable to the government, allowing MTI to respond nimbly to market demand. S/N Location Site Area2 (ha) Zoning GPR Tenure (Years) Estimated Available Date 1 Jalan Buroh 3.12 B2 2.5 33 March 2026 2 Kakit Bukit 0.93 2.5 33 April 2026 3 6 Tuas Avenue 14 0.84 1.4 23 May 2026 4 Jalan Besut 0.45 2.5 33 June 2026 5 Chin Bee Road 1.5 2.5 33 June 2026 6 5 Tuas Avenue 13 1.74 1.4 33 June 2026 The year-on-year decline in industrial land supply comes against a backdrop of rising industrial rents. Data from JTC Corporation shows that the industrial rental index increased by 2.3 per cent year on year in the third quarter of 2025. This suggests continued demand for industrial space, even as supply growth is moderated. However, when compared with the preceding half-year period, the H1 2026 land supply reflects an increase. In H2 2025, MTI launched six sites with a total area of 7.43 ha, comprising five confirmed sites totalling 5.25 ha and one reserve site of 2.18 ha. Notably, this reserve site at Tuas Road will be carried over to the H1 2026 reserve list, signalling ongoing interest in the location and preserving flexibility for future activation. JTC Corporation will act as the sales agent for all the industrial sites under the H1 2026 IGLS programme. Overall, the latest land release underscores the government’s measured and responsive approach to industrial land planning—balancing near-term market conditions with longer-term economic and industrial development needs. JTC industrial sales transactions provide insight on the recent market transacted prices. 

A 4 room HDB flat at 445A Clementi Ave 3 was just sold for a record high price of $1.33 million ($1,327 psf). The lease of the 93 sqm flat started in 2021, leaving it with a remaining lease of 94 years. The flat is located on the 31st to 33rd storey range. This floor area is equivalent to 1,001-sq ft. The recent transaction surpassed the previous record high for 4 room flats in Clementi. In October 2025, a 4 room at 445B Clementi Ave 3 was sold for $1.3 million ($1,299 psf). That flat also measures 1,001 sq ft and is located on the 34th to 36th storeys. Both flats started their lease in 2021. These two transactions surpassed 2024's record high of $1.16 million ($1,157 psf), which was set by a flat that is located at 312A Clementi Ave 4. That unit was sold in June 2024. The flat measures 1,001 sq ft. It is located on the 34th to 36th storeys and it has a remaining lease of 92 years. Three private property transactions were recently recorded nearby, a condominium at The Parc Condominium along West Coast Walk was sold for 2.95 million, an apartment 1,130 sqft at Clavon along Clementi Avenue 1 was sold for 2.55 million and a condominium at Regent Park along Jalan Lempeng was sold for 1.62 million but its remaining lease is about 67 years. You can check all the resale transactions (and more) for 4 room flats in Clementi using our property research tools. The HDB flat should appeal to parents with school-going children, as they are within walking distance of several schools, including Clementi Primary School, Pei Tong Primary School, Nan Hua Primary School, NUS High School of Math and Science, Clementi Town Secondary School and Commonwealth Secondary School. Nearby MRT stations include Clementi, Dover and One-North. Grocery shopping can be done in places like Sheng Siong Supermarket, FairPrice Finest The Clementi Mall and Cold Storage.