A brand new all-time excessive (ATH) was reached with 169 million-dollar HDB resale flats offered in July 2025 – greater than any single month ever recorded.
This record-breaking determine provides to a powerful yr total. Yr-to-date, there have already been 488 million-dollar flat transactions. That’s greater than the 470 transactions seen throughout all of 2023, and we’re solely in August. At this tempo, 2025 is on monitor to meet and even surpass 2024’s complete.
Desk of contents
A fast abstract of July’s resale market
Right here’s what occurred in July 2025, at a look:
- 2,580 HDB resale flats had been offered, a 13.4% leap from June.
- Million-dollar flats made up 6.6% of the entire month-to-month resale quantity.
- Costs remained secure, although some room varieties noticed slight dips.
- The best transacted flat for the month went for S$1.588 million.
What’s driving these numbers?
The rise in July resale quantity doubtless displays a rebound from June. College holidays might have brought about some patrons to pause earlier within the yr. However by July, many returned to the market. Even with this rebound, resale volumes had been nonetheless 15.4% decrease than the identical interval final yr. That may very well be because of rising considerations about affordability.
Additionally, the July BTO launch and Sale of Stability Flats workouts might have drawn some youthful patrons away from the resale market.
Even so, demand for bigger items in city-fringe areas stayed sturdy. A lot of you might be nonetheless on the hunt for spacious properties – particularly when you’re upgrading from a smaller flat or right-sizing from a non-public property. This demand has helped push million-dollar gross sales to a brand new peak in July.
HDB resale costs in July 2025
HDB resale costs total stayed flat in July 2025. Nevertheless, when you take a more in-depth look, some room varieties noticed small adjustments. Costs in Mature Estates elevated by 0.2%, whereas Non-Mature Estates noticed a smaller rise of 0.1%. On the similar time, 3-room flats recorded a dip of 0.2%, and each 5-room and Government flats noticed a lower of 0.5%. 4-room flats additionally skilled a slight drop in costs.
On a year-on-year foundation, total HDB resale costs climbed by 6.6% from July 2024. Among the many totally different flat varieties, 3-room flats noticed the largest leap at 8.2%, adopted by 4-room flats with a 6.2% improve. 5-room flats went up by 5.6%, and Government flats rose by 4.2%. In the meantime, costs in Mature Estates elevated by 6.8% year-on-year, with Non-Mature Estates shut behind at 6.6%.
Breakdown of July 2025’s transactions
In complete, 2,580 HDB resale flats modified palms in July 2025, reflecting a 13.4% improve from the earlier month. When damaged down by flat sort, 3-room flats made up 24.1% of the month’s resale transactions, whereas 4-room flats accounted for the biggest share at 45.4%. 5-room flats contributed 23.6%, and Government flats made up the remaining 6.9% of the entire resale quantity.
When it comes to property sort, Non-Mature Estates accounted for 60.5% of all resale transactions in July. The remaining 39.5% of flats offered had been positioned in Mature Estates, exhibiting a continued curiosity in additional inexpensive housing choices outdoors of central areas.
The costliest flats offered in July
The best resale value for the month got here from an Government flat at Bishan Spring, which modified palms for S$1,588,000.
Over in Yishun Avenue 4, the costliest flat in a Non-Mature Property was one other Government flat – this one offered for S$1,288,888.
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The place had been the million-dollar flats offered?
Out of the 169 million-dollar transactions in July, some cities stood out greater than others:
- Toa Payoh led the pack with 33 million-dollar gross sales
- Subsequent got here Bukit Merah with 19 items, adopted by Kallang/Whampoa with 17
Different areas that noticed at the least one million-dollar flat offered embrace:
Clementi, Queenstown, Geylang, Ang Mo Kio, Tampines, Bishan, Serangoon, Central Space, Yishun, Hougang, Bedok, Bukit Timah, Woodlands, Pasir Ris, Bukit Batok, Marine Parade, Punggol, Sengkang, Bukit Panjang, and Jurong East.
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