HDB Resale Market Q1 2025: Key Trends & What They Mean for You

Authored by Raymond Tiah

Understanding the HDB Resale Landscape in Q1 2025

The HDB resale market kicked off 2025 with moderate price growth and cooling transaction volumes. Whether you're buying or selling, understanding these trends is crucial to making smarter property decisions in a more balanced market.

Price Growth Slows, But Still Positive

In Q1 2025, HDB resale prices rose by 1.9% quarter-on-quarter, a slowdown compared to 2.6% in Q4 2024.

While prices are still climbing, the deceleration suggests the market is stabilising, offering some breathing room for buyers who previously struggled with rising costs.

Fewer Resale Transactions Recorded

Q4 2024 saw 6,424 resale transactions, a 21.1% drop from the previous quarter. This decline may be attributed to:

• Seasonal effects (year-end lull)

• Strong BTO alternatives reducing resale demand

Buyers are more selective, and sellers must now work harder to position their flats attractively.

Lowest MOP Flat Supply in Over a Decade

Only 6,974 flats are expected to reach their Minimum Occupation Period (MOP) in 2025—the lowest figure in 11 years.

With fewer eligible resale listings, limited supply could support prices, even in a cooling market.

Increased BTO Launches Could Shift Buyer Attention

To meet ongoing demand, HDB will launch around 19,600 BTO flats over three exercises in 2025.

This large-scale rollout aims to:

• Provide more affordable alternatives to resale

• Reduce pressure on the secondary market

• Stabilise long-term pricing
  

Strategic Advice for Buyers & Sellers

For Buyers:

• The slower price growth and increased BTO options could present entry points

• Be mindful that resale inventory is tight, especially for desirable units
  

For Sellers:

• With fewer buyers and rising competition, pricing your unit correctly is essential

• Consider upgrading strategies while prices remain firm
  
  

Take Action

The HDB market is shifting—and timing, pricing, and planning matter more than ever. Whether you're looking to enter, upgrade, or sell, expert guidance can help you make the right move.

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