Market Report5 min read

HDB Resale Prices January 2026: Market Analysis

A comprehensive look at HDB resale market trends for January 2026, including price changes by town and flat type.

Published: February 1, 2026

Market Overview

The HDB resale market in January 2026 showed continued stability with moderate price growth across most towns. Total transaction volume reached approximately 2,100 units, slightly higher than December 2025.

Price Trends by Flat Type

Average resale prices by flat type in January 2026:

  • 3-Room: $350,000 (+1.2% MoM)
  • 4-Room: $520,000 (+0.8% MoM)
  • 5-Room: $650,000 (+1.5% MoM)
  • Executive: $780,000 (+0.5% MoM)

Top Performing Towns

Several towns showed above-average price growth in January:

  1. Queenstown: Highest PSF at $680, driven by mature estate premium
  2. Bishan: Strong demand for family-sized units near MRT
  3. Toa Payoh: Central location continues to attract buyers

Key Takeaways

  • Overall market remains stable with gradual price appreciation
  • Mature estates continue to command premium prices
  • Non-mature estates offer better value for first-time buyers
  • Lease decay becoming a bigger factor in older estates

Looking Ahead

With BTO supply increasing in 2026 and new cooling measures, we expect the resale market to remain stable in the coming months. Buyers should focus on factors like remaining lease and location rather than timing the market.

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PP

PropertyPeak Team

Singapore property market analysis