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.

A 5 room HDB flat at 7 Pine Close was just sold for a record high price of $1.38 million ($1,161 psf). The lease of the 110 sqm flat started in 2000, leaving it with a remaining lease of 73 years. The flat is located on the 19th to 21st storey range. This floor area is equivalent to 1,184-sq ft. The recent transaction surpassed the previous record high for 5 room flats in Geylang. In June 2025, a 5 room at 28 Cassia Crescent was sold for $1.31 million ($1,014 psf). That flat measures 1,292 sq ft and is located on the 16th to 18th storeys. However, the flat at Block 28 has a shorter lease of 72 years, as its lease started in 1998. These two transactions surpassed last year’s record high of $1.15 million ($890 psf), which was set by a flat that is located at 9 Pine Close. That unit was sold in August 2024. The flat measures 1,292 sq ft. It is located on the 10th to 12th storeys and it has a remaining lease of 72 years. A private property transaction was recently recorded nearby, an apartment with floor area of 1,259 sqft at Guillemard Suites along Guillemard Road was sold for $1.72 million ($1,365 psf). You can check all the resale transactions (and more) for 5 room flats in Geylang 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 Kong Hwa School, Tanjong Katong Primary School, Geylang Methodist School (Primary), Dunman High School, Bendemeer Secondary School and CHIJ Secondary School. Nearby MRT stations include Mountbatten, Dakota and Stadium. Grocery shopping can be done in places like Sheng Siong Supermarket, FairPrice Jalan Tiga and Scarlett Supermarket @ Geylang.

A 4 room HDB flat at 132C Canberra View was just sold for a record high price of $889,000 ($869 psf). The lease of the 95 sqm flat started in 2020, leaving it with a remaining lease of 93 years. The flat is located on the 7th to 9th storey range. This floor area is equivalent to 1,023-sq ft. The recent transaction surpassed the previous record high for 4 room flats in Sembawang. In December 2024, a 4 room at 132B Canberra View was sold for $855,000 ($836 psf). That flat also measures 1,023 sq ft and is located on the 10th to 12th storeys. Both flats started their lease in 2020. However, the flat at Block 132B has a longer lease of 94 years, as its lease started in 2020. These two transactions surpassed last year’s record high of $793,888 ($776 psf), which was set by a flat that is located at 132B Canberra View. That unit was sold in November 2024. The flat measures 1,023 sq ft. It is located on the 7th to 9th storeys and it has a remaining lease of 94 years. Three private property transactions were recently recorded nearby, a condominium at Yishun Sapphire along Canberra Drive was sold for 1.62 million, a condominium at The Commodore along Canberra Drive was sold for 2.85 million and an apartment at Skye At Holland along Holland Village Way was sold for 2.32 million. You can check all the resale transactions (and more) for 4 room 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 Ahmad Ibrahim Primary School, North View Primary School, Sembawang Primary School, Ahmad Ibrahim Secondary School, Yishun Town Secondary School and Yishun Secondary School. Nearby MRT stations include Canberra Station (NS12), Sembawang and Yishun. Grocery shopping can be done in places like Sheng Siong Supermarket, Giant Express and FairPrice Sembawang Way.

City Developments Limited (CDL) has entered into a sale and purchase agreement with a Singapore-based institutional buyer to divest Quayside Isle @ Sentosa Cove, its prime waterfront retail asset, for S$97.3 million, translating to approximately S$2,205 per square foot (psf). The agreed price represents a substantial 47% premium over the asset’s book value of S$66.0 million, underscoring the strong appeal of high-quality, income-generating waterfront properties. The transaction is expected to be completed in Q1 2026. The sale follows a competitive Expression of Interest (EOI) exercise launched in September 2025, which closed on 15 October 2025. Quayside Isle attracted robust interest from both local and international investors, reflecting sustained demand for well-located lifestyle and retail assets with stable income profiles. CDL ultimately secured the deal after a keenly contested process. Developed and managed by CDL, Quayside Isle forms part of the Group’s Quayside Collection precinct at Sentosa Cove. The integrated waterfront development was conceived alongside the 240-room W Singapore – Sentosa Cove hotel and The Residences at W Singapore Sentosa Cove, comprising 228 luxury homes. In 2020, CDL sold the hotel to its REIT associate, CDL Hospitality Trusts, while the unsold residential component continues to be held under a private investment platform. CDL was awarded the highly sought-after marina quayside site — Sentosa Cove’s only commercial site — through a Government Land Sales (GLS) tender in July 2006, under the stringent two-envelope Concept and Price system. Completed in 2012, Quayside Isle sits on a 99-year leasehold tenure commencing from 31 October 2006, with approximately 80 years remaining. Set against the tranquil marina at Sentosa Cove, one of Singapore’s most prestigious residential enclaves, Quayside Isle offers a distinctive blend of waterfront ambience and curated dining and lifestyle experiences. The development comprises about 44,121 square feet of net lettable area (NLA), enjoying scenic marina frontage and serving residents, yacht owners and visitors to the area. Over the years, it has established itself as a vibrant upscale destination with stable occupancy and a strong mix of long-term tenants. Commenting on the divestment, Mr Sherman Kwek, Group Chief Executive Officer of CDL, said the Group’s original vision was to create a unique lifestyle precinct for the Sentosa Cove community. After more than a decade of value creation and asset maturation, CDL deemed it timely to monetise the investment. He noted that the sale, achieved at a 2.6% capitalisation rate, validates continued investor appetite for quality assets and aligns with CDL’s disciplined capital recycling strategy, allowing the Group to unlock value while maintaining a prudent and balanced capital structure. The divestment of Quayside Isle marks CDL’s eighth asset sale in 2025, following transactions involving South Beach, City Industrial Building and Piccadilly Galleria in Singapore; two non-core hotels and a multifamily residential property in the United States; and more recently, Bespoke Hotel Osaka Shinsaibashi in Japan. Including this latest deal, CDL has secured approximately S$2 billion in divestments this year, surpassing total acquisitions of around S$1.7 billion, reinforcing the Group’s active portfolio optimisation and capital management strategy.

An executive premium apartment HDB flat at 181 Jelebu Road was just sold for a record high price of $1.18 million ($863 psf). The lease of the 127 sqm flat started in 2003, leaving it with a remaining lease of 76 years. The flat is located on the 22nd to 24th storey range. This floor area is equivalent to 1,367-sq ft. The recent transaction surpassed the previous record high for executive flats in Bukit Panjang. In December 2024, an executive at 183 Jelebu Road was sold for $1.1 million ($811 psf). That flat measures 1,356 sq ft and is located on the 28th to 30th storeys. Both flats started their lease in 2003. However, the flat at Block 183 has a longer lease of 77 years, as its lease started in 2003. These two transactions surpassed last year’s record high of $1.1 million ($719 psf), which was set by a flat that is located at 544 Jelapang Rd. That unit was sold in August 2024. The flat measures 1,528 sq ft. It is located on the 16th to 18th storeys and it has a remaining lease of 73 years. Three private property transactions were recently recorded nearby, an apartment at Hillion Residences along Jelebu Road was sold for 1.37 million, an apartment at Maysprings along Petir Road was sold for 1.63 million and an apartment at The Tennery along Woodlands Road was sold for 840,000. You can check all the resale transactions (and more) for executive flats in Bukit Panjang 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 Greenridge Primary School, Bukit Panjang Primary School, Teck Whye Primary School, West Spring Secondary School, Swiss Cottage Secondary School and Zhenghua Secondary School. Nearby MRT stations include Cashew, Bukit Panjang and Pending. Grocery shopping can be done in places like FairPrice Finest, Sheng Siong Supermarket and Sheng Siong Supermarket.

A 3 room HDB flat at 131A Canberra Crescent was just sold for a record high price of $673,000 ($919 psf). The lease of the 68 sqm flat started in 2020, leaving it with a remaining lease of 93 years. The flat is located on the 10th to 12th storey range. This floor area is equivalent to 732-sq ft. The recent transaction surpassed the previous record high for 3 room flats in Sembawang. In March 2025, a 3 room at 132A Canberra Cres was sold for $620,000 ($847 psf). That flat also measures 732 sq ft and is located on the 7th to 9th storeys. Both flats started their lease in 2020. However, the flat at Block 132A has a longer lease of 94 years, as its lease started in 2020. These two transactions surpassed last year’s record high of $589,000 ($805 psf), which was set by a flat that is located at 132A Canberra Cres. That unit was sold in November 2024. The flat measures 732 sq ft. It is located on the 7th to 9th storeys and it has a remaining lease of 94 years. Three private property transactions were recently recorded nearby, a condominium at Yishun Sapphire along Canberra Drive was sold for 1.62 million, a condominium at The Commodore along Canberra Drive was sold for 1.74 million and an apartment at Skye At Holland along Holland Village Way was sold for 2.21 million. You can check all the resale transactions (and more) for 3 room 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 Ahmad Ibrahim Primary School, Sembawang Primary School, North View Primary School, Ahmad Ibrahim Secondary School, Yishun Secondary School and Yishun Town Secondary School. Nearby MRT stations include Canberra Station (NS12), Sembawang and Yishun. Grocery shopping can be done in places like Sheng Siong Supermarket, FairPrice Finest Sembawang Shopping Centre and Giant Express.

A 4 room HDB flat at 115C Alkaff Crescent was just sold for a record high price of $1.32 million ($1,264 psf). The lease of the 97 sqm flat started in 2020, leaving it with a remaining lease of 94 years. The flat is located on the 13th to 15th storey range. This floor area is equivalent to 1,044-sq ft. The recent transaction surpassed the previous record high for 4 room flats in Toa Payoh. In November 2025, a 4 room at 115C Alkaff Cres was sold for $1.27 million ($1,216 psf). That flat also measures 1,044 sq ft and is located on the 10th to 12th storeys. Both flats started their lease in 2020. These two transactions surpassed last year’s record high of $1.2 million ($1,200 psf), which was set by a flat that is located at 130A Lor 1 Toa Payoh. That unit was sold in September 2024. The flat measures 1,001 sq ft. It is located on the 37th to 39th storeys and it has a remaining lease of 93 years. Three private property transactions were recently recorded nearby, an apartment at The Woodleigh Residences along Bidadari Park Drive was sold for 1.69 million, a semi-detached at Landed Housing Development along Surin Road was sold for 5.17 million and a condominium at 8@woodleigh along Woodleigh Close was sold for 1.64 million. You can check all the resale transactions (and more) for 4 room flats in Toa Payoh 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 Cedar Primary School, Maris Stella High School (Primary), St Andrew's School (Junior), St Andrew's Secondary School, Bendemeer Secondary School and Maris Stella High School. Nearby MRT stations include Bartley, Woodleigh and Mattar. Grocery shopping can be done in places like Sheng Siong Supermarket, Prime Supermarket and FairPrice Poiz Centre.