How does private home price growth compare to HDB resale prices?

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Private Home Prices Continue Growth While HDB Resale Prices Decline

Private home prices saw a continued, albeit slower, increase of 0.5% in the second quarter of 2026. This contrasts with Housing and Development Board (HDB) resale prices, which experienced a decline of 0.3% in the same period, marking the second consecutive quarter of decrease.
Private Home Price Growth Moderates

The overall increase in private home prices during the second quarter of 2026 was 0.5%, a deceleration from the 0.9% growth observed in the preceding quarter. This trend was primarily driven by landed property prices, which surged by 2.6% after a 0.4% decrease in the first quarter. However, non-landed private home prices experienced a slight dip of 0.1% overall, a significant shift from the 1.3% increase recorded in the first quarter.
HDB Resale Prices Fall for Second Consecutive Quarter

HDB resale prices have now declined for two consecutive quarters, with a 0.3% drop in the second quarter of 2026 following a 0.1% decrease in the first quarter. This marks the first sustained period of decline for HDB resale prices in nearly seven years. Analysts attribute this slowdown to buyer caution stemming from uncertainties in the employment market and a weaker hiring outlook.
Regional Variations in Private Home Prices

Within the private residential sector, price movements varied across different regions. Prices in the Core Central Region saw a notable increase of 2%, up from 0.6% in the previous quarter. Conversely, the Rest of Central Region experienced a 1.4% price drop, reversing a 0.8% rise in the first quarter. The Outside Central Region also saw a dip of 0.2%, compared to a substantial 2.2% increase in the first quarter.
Market Outlook and Buyer Sentiment

Experts suggest that the resale market is likely to remain flat in the latter half of 2026, with buyers potentially favoring new Build-To-Order (BTO) flats due to upcoming launches and a large number of flats reaching their Minimum Occupation Period. For private homes, while macroeconomic uncertainties may encourage caution, demand for new launches is expected to remain robust, with buyers likely to prioritize location, pricing, and overall value.

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How does private home price growth compare to HDB resale prices?

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