HDB resale paradox: new all-time high amid first price drop since 2019
HDB resale prices fell 0.6% in April 2026 and recorded their first quarterly decline since 2019, even as a 5-room flat at City Vue @ Henderson set a new record at S$1.728 million. These two trends are not contradictory: record prices are driven by a small cluster of premium developments in central locations, while the broader resale market is softening due to affordability constraints, a larger BTO pipeline, and higher interest rates. Buyers, sellers, and refinancers should base decisions on broader market data rather than headline record transactions.
Sarah Chen·8 May 2026
