Singapore HDB Resale Market Analytics

The Singapore resale housing market has continued its upward trajectory driven by a combination of tight physical supply of prime location flats, longer construction lead times for new Build-To-Order (BTO) developments, and sustained demand from local upgraders and private property downgraders. In mature estates with high amenity density—such as Bukit Merah, Queenstown, Bishan, and Toa Payoh—the scarcity of spacious 4-room and 5-room units on high floors has led to a record number of million-dollar resale transactions.

All HDB flats are sold on a 99-year leasehold basis. Under current CPF Housing rules, buyers can only utilize the maximum CPF savings and housing loans if the property's remaining lease covers the youngest buyer up to the age of 95. As flats age past the 40-year mark, depreciation curves (often modeled after Bala's Table) begin to influence commercial bank loan-to-value limits and buyer pool liquidity.

Our data pipeline syncs directly with the Singapore Government Open Data API (data.gov.sg). Ingestion jobs run automatically on the 5th of each month, validating, partitioning, and indexing new records in Google BigQuery to ensure buyers and analysts always have access to the latest market metrics.