# Singapore HDB resale prices fall for third straight quarter despite stronger enquiries

- **Source:** Real Estate Asia
- **Published:** 2026-10-06T05:49:29.000Z
- **Author:** Staff Reporter
- **Original:** https://realestateasia.com/residential/news/singapore-hdb-resale-prices-fall-third-straight-quarter-despite-stronger-enquiries
- **Topics:** HDB & Public Housing, Private Residential, Government & Policy

## Featured rationale

Rising enquiries and 5.2% year-on-year volume growth signal improving demand, potentially lifting transactions as private homeowners right-size, though interest has not fully converted into sales.

## AI summary

Singapore HDB resale prices fell 0.2% quarter on quarter and 0.6% year on year in Q3 2026, marking a third consecutive quarterly decline.

## Original article

Resale prices dipped 0.2% in Q3.

Singapore HDB resale prices fell for a third consecutive quarter in Q3 2026, even as market sentiment improved and buyer enquiries increased following recent policy changes, according to Realion (OrangeTee & ETC) Group.

Flash estimates from the Housing & Development Board (HDB) showed resale prices declined 0.2% quarter on quarter and 0.6% year on year in Q3. On a year-to-date basis, prices fell 0.6% in the first three quarters of 2026, reversing the 2.9% increase recorded over the same period in 2025.

Realion Chief Researcher & Strategist Christine Sun said the stronger market interest had yet to translate fully into completed transactions.

Following a policy change on 28 July, private property owners purchasing a non-subsidised resale flat were no longer required to observe the previous 15-month wait after selling their private property. Realion said the change led to a noticeable increase in buying interest and sales enquiries from private homeowners looking to right-size.

Larger flats see stronger price growth

Caveat data from data.gov.sg, downloaded on 1 October 2026, showed significant variation in average resale prices by flat type.

Multi-generation flats recorded the strongest increase at 9.9%, followed by 1-room flats at 6.7%, executive flats at 0.5% and 5-room flats at 0.1%.

Average prices declined for 4-room flats by 0.9%, 2-room flats by 0.4% and 3-room flats by 0.3%.

Transaction activity was stronger. HDB's resale flash estimates showed resale volume increased 5.2% year on year, from 7,157 units in Q3 2025 to 7,528 units in Q3 2026. Realion noted that Q3 typically records the highest quarterly transaction volume.

## Chinese translation

> Translation model: grok_cli

### 新加坡组屋转售价格连续第三个季度下跌，尽管询盘走强

新加坡组屋转售价格在2026年第三季连续第三个季度下跌，尽管市场情绪改善，买家询盘在近期有所增加

转售价格在第三季微跌0.2%。

据Realion（OrangeTee & ETC）集团称，新加坡组屋转售价格在2026年第三季连续第三个季度下跌，尽管市场情绪改善，买家询盘在近期政策调整后有所增加。

建屋发展局（HDB）的预估快报显示，第三季转售价格环比下跌0.2%，同比下跌0.6%。按年初至今计算，2026年前三季价格下跌0.6%，扭转了2025年同期录得的2.9%升幅。

Realion首席研究员兼策略师Christine Sun表示，更强的市场兴趣尚未完全转化为已完成的交易。

继7月28日政策调整后，私人住宅业主购买非津贴转售组屋，不再需要遵守此前出售私人住宅后须等待15个月的规定。Realion表示，该调整令有意换至更合适户型的私人住宅业主买盘兴趣及销售询盘明显增加。

较大户型价格涨幅更强

2026年10月1日从data.gov.sg下载的买卖契约数据显示，按户型划分的平均转售价格差异显著。

多代同堂组屋录得最强升幅，达9.9%，其次是一房式组屋6.7%、执行组屋0.5%及五房式组屋0.1%。

四房式组屋平均价格下跌0.9%，二房式下跌0.4%，三房式下跌0.3%。

成交活动更为强劲。建屋发展局转售预估快报显示，转售成交量同比增长5.2%，从2025年第三季的7157个单位增至2026年第三季的7528个单位。Realion指出，第三季通常录得全年最高季度成交量。