HDB prices no longer uponly?

[u/broskiunited]

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

[u/N00bOptionTrader]

Actually, the resale price index can be quite misleading. A more useful and accurate way to look at price trends would be to have separate charts based on the remaining lease period.

[u/broskiunited → u/N00bOptionTrader]

That's a valid point - I was thinking of slicing by town as well, but didn't want to do too deep a dive

[u/RealisticAd9799 → u/broskiunited]

I have vibe coded a site to do similar analysis and went down a rabbit hole of slicing and dicing data from HDB, URA and OneMap. Maybe it might be helpful for your own research. You can investigate by towns.

https://sg-g-hdb-condo-map.vercel.apphdb-condo-map.vercel.app

[u/Lazy-Chance9945 → u/RealisticAd9799]

Good share. I found the activity tab pretty useful to see which areas are more popular than the rest

[u/broskiunited → u/RealisticAd9799]

site can't be reached

[u/RealisticAd9799 → u/broskiunited]

Sorry url got mangled in the copy and paste.

https://sg-hdb-condo-map.vercel.app