HDB resale prices have fallen for the third straight quarter, the first time since 2014. This is according to the Resale Price Index, which tracks overall price movements in the public housing market. The latest data show the Resale Price Index fell from 203.7 in Q3 2025 to 202.5 in Q3 2026, representing a drop of about 0.6%. The question then is: which HDB towns and estates have seen the biggest decrease in the past year?
We based our analysis on HDB’s median resale prices for registered resale applications over the past two decades.
Read Also: HDB Resale Prices Have Fallen: What Does This Mean If You Plan To Sell?
3-Room Flats
| Town/Estate | 4Q 2025 | 1Q 2026 | 2Q 2026 | 3Q 2026 | Change |
| Jurong West | $405,000 | $386,500 | $378,000 | $375,000 | -7.4% |
| Ang Mo Kio | $440,000 | $441,800 | * | $415,000 | -5.7% |
| Jurong East | $419,500 | $415,000 | $395,000 | $396,800 | -5.4% |
| Bedok | $425,000 | $425,500 | * | $405,000 | -4.7% |
| Hougang | $467,000 | $450,000 | $437,500 | $450,000 | -3.6% |
* refer to cases where there are fewer than 20 resale transactions in the quarter for the particular town. The median price is therefore not shown as it might not be representative.
3-room flats in Jurong West saw the biggest price decrease, down 7.4% from a median resale price of $405,000 to $375,000 in a year. Interestingly, the biggest drop in resale prices here came in 1Q 2026.
In contrast, the largest price drops for the other four towns and estates have been between 1Q 2026 and 2Q 2026, or between 1Q 2026 and 3Q 2026, for Ang Mo Kio and Bedok.
Read Also: How Much You Need To Earn To Afford These Homes [2026 Edition]
4-Room Flats
| Town/Estate | 4Q 2025 | 1Q 2026 | 2Q 2026 | 3Q 2026 | Change |
| Bishan | $825,000 | $805,000 | $730,000 | $750,000 | -9.1% |
| Bukit Batok | $634,400 | $649,000 | $605,000 | $603,900 | -4.8% |
| Pasir Ris | $640,000 | $640,000 | $596,000 | $629,000 | -1.7% |
| Sengkang | $642,400 | $640,000 | $628,000 | $635,000 | -1.2% |
| Jurong West | $540,000 | $535,500 | $515,000 | $538,000 | -0.4% |
4-room flats in Bishan saw the largest price decrease, down 9.1% from a median resale price of $825,000 to $750,000 in a year. The 9.1% drop for 4-room flats in Bishan is the largest decrease for any flat type and HDB town over the past year.
4-room prices in Bukit Batok initially rose between 4Q 2025 and 1Q 2026. Prices then fell drastically in the period that followed.
Notably, while prices fell over the year, prices in 3Q 2026 increased quarter on quarter in most HDB towns.
Read Also: HDB Price Guide: Cheapest And Most Expensive Estates In 2025
5-Room Flats
| Town/Estate | 4Q 2025 | 1Q 2026 | 2Q 2026 | 3Q 2026 | Change |
| Sengkang | $720,000 | $710,000 | $680,000 | $690,000 | -4.2% |
| Choa Chu Kang | $679,000 | $675,000 | $628,000 | $657,500 | -3.2% |
| Bukit Panjang | $700,000 | $706,400 | $661,000 | $686,000 | -2.0% |
| Jurong West | $642,000 | $635,000 | $600,000 | $630,000 | -1.9% |
| Bishan | $985,000 | $970,000 | $880,000 | $969,000 | -1.6% |
5-room flats in Sengkang saw the largest price decrease, down 4.2% from a median resale price of $720,000 to $690,000. Unlike smaller flat types in other HDB towns and estates, 5-room flats saw much steeper price declines, especially between 1Q 2026 and 3Q 2026.
Curiously, median prices in these 5 HDB towns increased in 3Q 2026, but remained lower than in 4Q 2025.
One possible explanation is the lifting of the 15-month wait-out period on July 28 this year. It is likely that private home downgraders were responsible for the jump in the number of five-room and larger flats sold in 3Q 2026.
Read Also: How Much Cash Do You Really Need Before Buying A Resale HDB Flat?
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