I stumbled across the news that HDB resale prices dipped again in Q2 2026. Second quarter in a row now, according to HDB’s own flash estimate — the Resale Price Index slipped to 202.7, down from 203.4 the quarter before. Apparently that’s the first back-to-back decline since 2019, after a good seven-year run of prices only going up.
Nothing dramatic, just prices cooling off a bit after being quite hot for a while. Still miles above pre-pandemic levels, so not exactly a crash — more of a market catching its breath.
Ang Mo Kio was actually one of the towns that softened this quarter too, along with Sembawang and Yishun. Which is a little funny to think about, since that’s exactly where Pine Ville sits.
Of course, Pine Ville @ AMK itself isn’t even up yet — keys aren’t expected till Q2 2027, and we can’t resell until MOP clears around 2032. So none of this actually tells us what our flats will be worth someday. It’s just interesting to notice the market shifting a bit right as we’re mid-way through the whole SERS journey.
From what I can tell, the softening isn’t really about people losing interest in HDB flats — it’s more that there’s simply a lot more supply around this year. Something like 13,480 flats hitting their five-year MOP in 2026, way more than last year’s low, plus HDB launching around 19,600 new BTO flats too. More choices for buyers usually means sellers can’t push prices as hard.
Funnily enough, million-dollar HDB deals actually went up this quarter — 491 of them, mostly newer, well-located flats in mature estates. So it’s not one simple story of “everything’s cheaper now.” Just a mixed bag, like most things in this market.