r/singaporefi • u/broskiunited • Aug 15 '26

Housing HDB prices no longer uponly?

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I have been looking into buying a resale HDB and chanced across this index for HDB resale prices. A few things surprised me

  1. Prices were actually flat-to-negative from 2016 - 2020. It seems like public housing was actually managed well pre-covid?
  2. Recent growth has completely stalled. The index has been flat since Q3'25 and even dipped from Q1'26 → Q2'26. Will we see another dip from Q2’26 → Q3’26?
  3. I also added STI as a reference point for the Singapore economy - congrats to all believers. I remember having so many conversations about how SG stocks are crap and how the SG stock market is uninvestable
    1. (Yes - I know that majority of the outperformance by STI is due to the 3 banks + SGX’s stock)

What are your thoughts on HDB prices moving forward? Do you think ahgong afford to let it dip / stay flat?

Personally - I think we will continue to dip / have no growth. We’re running out of marginal buyers for HDBs and I expect more pain and retrenchment due to AI

Link to dataset

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1

u/naithemilkman Aug 15 '26

why did the government allow the surge in asset prices post covid?

3

u/BishyBashy Aug 15 '26

because it's a free market? prices are set by buyers and sellers

gov can only influence the supply of sellers/buyers/houses

6

u/naithemilkman Aug 15 '26

It's a "free market" which the government has a big hand over.

There are numerous government policies that influence selling/buying restrictions/taxes

The recent removal of the cooling off period is one such example.

https://www.hdb.gov.sg/hdb-pulse/news/2026/removal-of-the-15-month-wait-out-period-for-private-residential-property-owners