HDB Resale Prices Are Flattening in 2026: Is Singapore Becoming a Buyer's Market?

Singapore's HDB resale market is showing signs of becoming more balanced in 2026. 

Data from RealInsight shows that transacted prices have largely moved between S$640 and S$660 PSF over the past year, with gains often followed by pullbacks. 

At the same time, resale transaction volumes remain relatively healthy. 

So, is Singapore becoming a buyer's market? 

Not quite - but buyers may have more room to compare, negotiate and walk away from overpriced homes. 

HDB Prices Are Moving Sideways 

RealInsight data shows that monthly HDB transacted PSF has fluctuated within a relatively narrow range rather than moving consistently higher. 

From July 2025 to May 2026, HDB transacted PSF generally moved within a narrow S$640–S$660 range. Based on the rounded figures from RealInsight, the average month-on-month movement was about 0.9% in absolute terms. In months where prices actually changed, the movement was typically around 1.5% up or down. 

Overall, PSF started and ended the period at about S$650, suggesting that prices remained largely stable, with only minor month-to-month changes and no clear upward or downward trend. 

Graph: Monthly HDB transacted PSF from July 2025 to July 2026. Source: RealInsight. 

Note: Month-on-month percentage changes are calculated from the rounded PSF figures displayed by RealInsight and are approximate. 

Buyers Are Still Active 

Stable prices have not been accompanied by weak transaction activity. 

RealInsight recorded approximately 2,240 HDB resale transactions in June 2026. Activity then rebounded 14.8% month-on-month to approximately 2,570 transactions in July 2026 - the highest monthly volume in the period shown and 5.6% higher than the approximately 2,440 transactions recorded in July 2025. 

Transaction activity remained relatively healthy during the first seven months of 2026, staying above 2,000 transactions in every month except February, when volume dipped to approximately 1,810. Transactions subsequently recovered to approximately 2,530 in May, declined 11.4% in June, and rose sharply again in July. 

This suggests buyers are still willing to transact, even while prices have stopped moving consistently upwards. 

In other words, a flatter price environment does not necessarily mean weak demand.