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Housing is expensive in Singapore but exactly how expensive are we talking about? If you are looking to buy a house or even sell your house, this article may help you to get a sense of the recent prices of HDB and condominiums in Singapore.
Median Price of HDB flats in 2025
Below is the median price of HDB resale flats based on the month of August 2025.
| Housing Type | 3-room | 4-room | 5-room | Executive |
|---|---|---|---|---|
| Median Price | $446,000 | $626,000 | $735,000 | $880,000 |
In a recent report by SRX on HDB Flats Resale Market, HDB resale prices saw a decrease of 0.1% in August 2025 compared to July 2025. However, compared to 2024, there was an overall price increase of 6% in just one year, with the largest increase among 3-room flats by 7.2%, 4-room by 6.3%, 5-room by 5.7%, and Executive by 3.3%.
In August 2025 alone, there were 2,211 HDB resale flats transactions, a 14.3% decrease from July 2025. The decrease is likely because of the new launches of BTO and SBF flats, and a weakening economy which slowed down the demand for resale flats.
Million Dollar HDB resale flats
In August 2025, the highest transacted price for a resale flat was S$1.6 million for an Executive flat at The Pinnacle@Duxton.
There were 141 HDB resale flats that transacted for at least S$1 million, and this was a decrease from July 2025 which saw 169 million-dollar resale transactions.
Average Price of HDB Resale flats
It is difficult to find specific information about the average prices of HDB resale flats, so I’ve decided to take a quick scan on property websites such as 99.co and list out the price range based on the North, Central, East and Western regions.
Property prices are determined based on various conditions such as location, size, remaining lease, floor level etc, but here, the prices are listed as they are, with no variables taken into consideration.
| Areas | 3-room | 4-room | 5-room | Executive |
|---|---|---|---|---|
| Woodlands / Marsiling | $345,000 to $533,000 | $400,000 to $690,000 | $515,000 to $800,000 | $800,000 to $1.19M |
| Jurong East / Jurong West | $325,000 to $600,000 | $455,000 to $695,000 | $528,000 to $785,000 | $632,888 to $1.12M |
| Pasir Ris / Tampines | $435,000 to $688,000 | $535,000 to $858,888 | $685,000 to $1.07M | $828,000 to $1.21M |
| Ang Mo Kio / Bishan | $355,000 to $740,000 | $475,000 to $1.14M | $703,000 to $1.44M | $920,000 to $1.59M |
| Punggol / Sengkang | $480,000 to $638,000 | $538,000 to $835,000 | $585,000 to $1.01M | $700,000 to $988,000 |
Average Price of Condo in 2025
In the same report for condominiums, 1,076 resale condo units were transacted in July 2025 which was a 15.1% increase compared to the previous month. The prices also increased by 0.7%, and year-on-year, the overall prices increased by 5.3%
In July 2025, the highest transacted price for a resale condo was S$13 million at Boulevard 88. Below are the price range of condos in Singapore listed on propertyguru.com.sg listed by region.
| Areas | Studio / 1-room | 2-room | 3-room | 4-room |
|---|---|---|---|---|
| Core Central (Orchard, CBD etc) | $730,000 to $2.2M | $1.07M to $6.3M | $1.3M to $15M | $1.48M to $64M |
| Rest of Central Region (Alexandra, Geylang etc) | $590,000 to $2.9M | $758,888 to $3.1M | $1M to $6.1M | $1.3M to $11M |
| Outside of Central Region (Changi, Punggol, Sembawang etc) | $628,000 to $1.69M | $780,000 to $2.9M | $990,000 to $4.2M | $1.5M to $7.4M |
Why are the prices of condos increasing when HDB prices slowed?
If we attribute the slowdown of HDB prices to the economic downturn and uncertainty, then how do we explain the surge in condo prices?
In a recent article by Edgeprop, the overall market for private condos hit a new high at $2,295 per square feet in July-August 2025, jumping substantially by 13.2% from $2,027 per square feet in the second quarter of this year. The sudden surge is largely due to the increase in demand within the prime segment also known as Core Central Region, leading to a corresponding rise in prices. Due to the prime location, people were willing to pay a premium for these new condos.
The most popular project was the River Green at River Valley Green which sold 86.1% of the entire project within its first month of launch. The average price per square feet was $3,120.
Even during economic downturns, demand for prime-location housing remains strong. These premium properties offer clear advantages, including convenient access to central districts and proximity to top schools. As housing is widely regarded as a valuable financial asset in Singapore, demand is likely to stay resilient for private condos since these types of housing have stronger investment value.
3 Types of housing in Singapore
In general, housing in Singapore is split into public and private housing. Private housing is further split into landed and non-landed properties.
Public housing is commonly known as HDB flats, categorised into 2-room flexi, 3-room, 4-room, 5-room, executive and 3Gen flats. They are also sold in 2 ways - as built-to-order (BTO) and as resale flats.
Private housing in Singapore refers to condominiums (condo) and landed houses. Private houses are usually more expensive as they are built and sold by private developers and transacted in the free market with no subsidies from the government.