Issue 001October 2, 2026

Central HDB Pulse | September 2026 | HDB Resale & Rental

Ronnie Tan Share

Roncasa ▪ Data Pulse Central · HDB Verified as of 1 Oct 2026 September 2026

Buying: Stable Selling: Balanced Renting: Stable

Central Median Resale PSF

$760

-0.3% MoM

Resale Volume

395

Median Monthly Rent

$3,300

Towns In Region

9

Central HDB resale held steady in September 2026, with 395 transactions across the region.

Central HDB resale: price is flat (median $760 psf, -0.3% MoM), volume is declining (395 caveats, -16.8% MoM) across 9 of the region's towns this September. 4-Room flats were the most actively traded this month. The rental market moved 712 leases over the same window.

-0.3%

PSF MoM

395

Resale Txns

9

Towns Active

Verified as of 1 Oct 2026 · Resale data through September 2026 · Rental data through August 2026

01Region Context

Central resale PSF held steady to $760 in September 2026 (-0.3% MoM), against Singapore's island-wide median of $594.

Region	Median PSF	Txns
Central (this)	$760	395
East	$586	343
North	$539	296
North-East	$621	455
West	$545	405

URA HDB Resale Price Index (Singapore-wide — no per-region breakdown is published): 202.8 (2026-Q2), -0.1% YoY.

This month's 395 transactions represent 0.18% of the region's 214,011 total HDB dwelling units.

02Resale Market

By Flat Type

Flat Type	Txns	Median PSF	Basis
2-Room	7	$604	This month
3-Room	134	$605	This month
4-Room	158	$946	This month
5-Room	82	$719	This month
Executive	14	$760	This month

Top PSF by Flat Type

The single highest-PSF transaction in each flat type, region-wide, this month.

Flat Type	Town	PSF	Price
2-Room	Queenstown	$1,285	$650,000
3-Room	Queenstown	$1,357	$920,000
4-Room	Queenstown	$1,417	$1,388,000
5-Room	Central Area	$1,493	$1,720,000
Executive	Bukit Timah	$904	$1,420,000

Town Rankings by Flat Type

Which town leads each flat type this month — by top price, and separately by transaction volume (often not the same town).

Flat Type	Top PSF	Most Active Town
2-Room	Queenstown — $1,285 psf	Queenstown (3 txns)
3-Room	Queenstown — $1,357 psf	Toa Payoh (31 txns)
4-Room	Queenstown — $1,417 psf	Toa Payoh (32 txns)
5-Room	Central Area — $1,493 psf	Toa Payoh (21 txns)
Executive	Bukit Timah — $904 psf	Bishan (4 txns)

Full town-by-town breakdown per flat type:

2-Room 3-Room 4-Room 5-Room Executive

By Price By Transactions

Rank	Town	Median PSF	Txns	MoM
1	Queenstown	$1,048	3	—
2	Toa Payoh	$604	3	-7.1%
3	Bukit Merah	$525	1	-6.1%

Rank	Town	Txns	Median PSF	MoM
1	Queenstown	3	$1,048	—
2	Toa Payoh	3	$604	-7.1%
3	Bukit Merah	1	$525	-6.1%

Rank	Town	Median PSF	Txns	MoM
1	Central Area	$772	3	+13.0%
2	Kallang/Whampoa	$637	28	+6.0%
3	Marine Parade	$630	6	-4.1%
4	Bukit Timah	$611	1	-6.0%
5	Geylang	$595	17	+4.9%
6	Bukit Merah	$583	23	-1.9%
7	Queenstown	$569	21	-4.5%
8	Bishan	$540	4	+5.5%
9	Toa Payoh	$502	31	-3.5%

Rank	Town	Txns	Median PSF	MoM
1	Toa Payoh	31	$502	-3.5%
2	Kallang/Whampoa	28	$637	+6.0%
3	Bukit Merah	23	$583	-1.9%
4	Queenstown	21	$569	-4.5%
5	Geylang	17	$595	+4.9%
6	Marine Parade	6	$630	-4.1%
7	Bishan	4	$540	+5.5%
8	Central Area	3	$772	+13.0%
9	Bukit Timah	1	$611	-6.0%

Rank	Town	Median PSF	Txns	MoM
1	Queenstown	$1,137	27	+4.1%
2	Toa Payoh	$1,049	32	+1.0%
3	Bukit Merah	$979	27	+4.3%
4	Kallang/Whampoa	$908	29	+8.2%
5	Bukit Timah	$831	1	-2.6%
6	Central Area	$743	8	-18.2%
7	Bishan	$730	18	+2.8%
8	Marine Parade	$691	2	+11.1%
9	Geylang	$669	14	-10.2%

Rank	Town	Txns	Median PSF	MoM
1	Toa Payoh	32	$1,049	+1.0%
2	Kallang/Whampoa	29	$908	+8.2%
3	Bukit Merah	27	$979	+4.3%
4	Queenstown	27	$1,137	+4.1%
5	Bishan	18	$730	+2.8%
6	Geylang	14	$669	-10.2%
7	Central Area	8	$743	-18.2%
8	Marine Parade	2	$691	+11.1%
9	Bukit Timah	1	$831	-2.6%

Rank	Town	Median PSF	Txns	MoM
1	Central Area	$1,477	3	+92.1%
2	Marine Parade	$813	2	+13.7%
3	Queenstown	$805	8	-1.8%
4	Bukit Timah	$789	3	-16.0%
5	Toa Payoh	$774	21	-7.3%
6	Bishan	$722	16	-4.5%
7	Kallang/Whampoa	$676	11	-6.5%
8	Geylang	$661	3	-9.8%
9	Bukit Merah	$622	15	-29.9%

Rank	Town	Txns	Median PSF	MoM
1	Toa Payoh	21	$774	-7.3%
2	Bishan	16	$722	-4.5%
3	Bukit Merah	15	$622	-29.9%
4	Kallang/Whampoa	11	$676	-6.5%
5	Queenstown	8	$805	-1.8%
6	Bukit Timah	3	$789	-16.0%
7	Central Area	3	$1,477	+92.1%
8	Geylang	3	$661	-9.8%
9	Marine Parade	2	$813	+13.7%

Rank	Town	Median PSF	Txns	MoM
1	Bukit Timah	$891	3	—
2	Queenstown	$879	1	-0.6%
3	Bishan	$751	4	-5.5%
4	Toa Payoh	$630	3	-26.1%
5	Kallang/Whampoa	$626	3	-14.0%

Rank	Town	Txns	Median PSF	MoM
1	Bishan	4	$751	-5.5%
2	Bukit Timah	3	$891	—
3	Kallang/Whampoa	3	$626	-14.0%
4	Toa Payoh	3	$630	-26.1%
5	Queenstown	1	$879	-0.6%

Most Active Blocks/Streets

Block/Street	Txns	Median PSF
104A BIDADARI PK DR	4	$1,100
94 DAWSON RD	4	$1,167
110B BIDADARI PK DR	4	$1,175
195 KIM KEAT AVE	3	$476
10B BENDEMEER RD	3	$1,099

Top Transactions This Month

Town	Flat Type	PSF	Price
Central Area	5-Room	$1,493	$1,720,000
Central Area	5-Room	$1,477	$1,701,000
Bishan	5-Room	$1,239	$1,600,000
Kallang/Whampoa	5-Room	$1,273	$1,588,888
Queenstown	5-Room	$1,255	$1,580,000

03Town League Table

Every town with Central resale activity this month. Click through for the full Town Pulse.

By Price By Transactions

Rank	Town	Median PSF	Txns
1	Queenstown	$1,022	60
2	Toa Payoh	$809	90
3	Bukit Timah	$790	8
4	Central Area	$772	14
5	Bishan	$733	42
6	Bukit Merah	$729	66
7	Kallang/Whampoa	$729	71
8	Marine Parade	$669	10
9	Geylang	$640	34

Rank	Town	Txns	Median PSF
1	Toa Payoh	90	$809
2	Kallang/Whampoa	71	$729
3	Bukit Merah	66	$729
4	Queenstown	60	$1,022
5	Bishan	42	$733
6	Geylang	34	$640
7	Central Area	14	$772
8	Marine Parade	10	$669
9	Bukit Timah	8	$790

04Rental Market

By Flat Type

2-Room$2,400/mo20 leases

3-Room$3,000/mo365 leases

4-Room$3,800/mo220 leases

5-Room$4,200/mo96 leases

Executive$4,475/mo10 leases

Lease count trend by flat type — whether demand for each size is rising or falling, not just this month's snapshot.

HDB rental transactions are not published with floor area, so rent is reported here as median $/month, not $/sqft.

05Lease Decay Comparison

Median resale PSF by remaining lease band, Central vs Singapore-wide, over the trailing 4 months (a single month is too thin at most flat-type × lease-band combinations to report reliably).

2-Room 3-Room 4-Room 5-Room Executive

Lease Band	Central Median PSF	SG Median PSF	vs SG	N
90+	$1,176	$807	+45.8%	4
80-89	$1,038	$743	+39.6%	4
under-60	$607	$621	-2.3%	30

Lease Band	Central Median PSF	SG Median PSF	vs SG	N
90+	$1,111	$843	+31.8%	113
80-89	$1,070	$749	+43.0%	43
70-79	$1,030	$1,014	+1.6%	13
60-69	$807	$566	+42.7%	5
under-60	$550	$554	-0.7%	465

Lease Band	Central Median PSF	SG Median PSF	vs SG	N
90+	$1,084	$739	+46.6%	209
80-89	$1,076	$680	+58.1%	138
70-79	$944	$563	+67.8%	112
60-69	$710	$536	+32.4%	75
under-60	$631	$540	+17.0%	175

Lease Band	Central Median PSF	SG Median PSF	vs SG	N
90+	$1,192	$695	+71.6%	16
80-89	$1,239	$699	+77.3%	41
70-79	$887	$536	+65.4%	61
60-69	$756	$547	+38.2%	70
under-60	$674	$556	+21.4%	126

Lease Band	Central Median PSF	SG Median PSF	vs SG	N
60-69	$796	$593	+34.3%	31
under-60	$639	$592	+8.0%	17

06Ron's Read

Ron's Read

Central HDB resale PSF held steady to $760 (-0.3% MoM) on 395 transactions in September 2026. Queenstown led the region at $1,022 psf (60 txns).

By flat type: 2-Room at $604 psf (7 txns), 3-Room at $605 psf (134 txns), 4-Room at $946 psf (158 txns), 5-Room at $719 psf (82 txns), Executive at $760 psf (14 txns). This month's top print was a 4-Room flat in Queenstown, trading at $1,417 psf. 5-room and executive declining.

On the rental side, Central rents held to a median $3,300/month across 712 leases. By flat type: 2-Room at $2,400/mo (20 leases), 3-Room at $3,000/mo (365 leases), 4-Room at $3,800/mo (220 leases), 5-Room at $4,200/mo (96 leases), Executive at $4,475/mo (10 leases).

This month's 395 transactions represent 0.18% of the region's 214,011 total HDB dwelling units. URA's HDB Resale Price Index (Singapore-wide, no per-region breakdown published) is down 0.1% year-on-year as of 2026-Q2.

07What It Means

What does this data mean for you?

Buying Selling Renting

2-Room 3-Room 4-Room 5-Room Executive

Typical Entry Price

$299,000

vs Island Wide PSF

+1.7%

Est. Gross Yield

~9.6%

Flat — sentiment isn't driving this flat type right now; anchor to recent comparables.

Estimate only, based on a 495 sqft typical unit (this flat type's own median floor area) and this month's region-wide rental median. Not a guaranteed return.

Full town-by-town 2-Room breakdown — Town Rankings by Flat Type in section 02 above.

Typical Entry Price

$436,491

vs Island Wide PSF

+1.9%

Est. Gross Yield

~8.2%

Flat — sentiment isn't driving this flat type right now; anchor to recent comparables.

Estimate only, based on a 721 sqft typical unit (this flat type's own median floor area) and this month's region-wide rental median. Not a guaranteed return.

Full town-by-town 3-Room breakdown — Town Rankings by Flat Type in section 02 above.

Typical Entry Price

$946,751

vs Island Wide PSF

+59.2%

Est. Gross Yield

~4.8%

Flat — sentiment isn't driving this flat type right now; anchor to recent comparables.

Estimate only, based on a 1,001 sqft typical unit (this flat type's own median floor area) and this month's region-wide rental median. Not a guaranteed return.

Full town-by-town 4-Room breakdown — Town Rankings by Flat Type in section 02 above.

Typical Entry Price

$928,251

vs Island Wide PSF

+21.0%

Est. Gross Yield

~5.4%

Softening (-7.6% MoM) — a reasonable window to negotiate on entry price.

Estimate only, based on a 1,292 sqft typical unit (this flat type's own median floor area) and this month's region-wide rental median. Not a guaranteed return.

Full town-by-town 5-Room breakdown — Town Rankings by Flat Type in section 02 above.

Typical Entry Price

$1,194,134

vs Island Wide PSF

+27.9%

Est. Gross Yield

~4.5%

Softening (-6.2% MoM) — a reasonable window to negotiate on entry price.

Estimate only, based on a 1,572 sqft typical unit (this flat type's own median floor area) and this month's region-wide rental median. Not a guaranteed return.

Full town-by-town Executive breakdown — Town Rankings by Flat Type in section 02 above.

2-Room 3-Room 4-Room 5-Room Executive

Est. Exit PSF

$604

vs Island Wide PSF

+1.7%

Txns This Month

7

Flat momentum — price to the comparables above rather than timing the market.

Rental demand context: 20 leases this month, rent -2.0% MoM.

Est. Exit PSF

$605

vs Island Wide PSF

+1.9%

Txns This Month

134

Flat momentum — price to the comparables above rather than timing the market.

Rental demand context: 365 leases this month, rent +0.0% MoM.

Est. Exit PSF

$946

vs Island Wide PSF

+59.2%

Txns This Month

158

Flat momentum — price to the comparables above rather than timing the market.

Rental demand context: 220 leases this month, rent -1.9% MoM.

Est. Exit PSF

$719

vs Island Wide PSF

+21.0%

Txns This Month

82

Momentum has cooled (-7.6% MoM) — if you're not under time pressure, holding may be the better play.

Rental demand context: 96 leases this month, rent -1.2% MoM.

Est. Exit PSF

$760

vs Island Wide PSF

+27.9%

Txns This Month

14

Momentum has cooled (-6.2% MoM) — if you're not under time pressure, holding may be the better play.

Rental demand context: 10 leases this month, rent -1.6% MoM.

Verdict: Stable.

Flat Type	Leases	Median Rent	MoM Trend
2-Room	20	$2,400/mo	-2.0%
3-Room	365	$3,000/mo	+0.0%
4-Room	220	$3,800/mo	-1.9%
5-Room	96	$4,200/mo	-1.2%
Executive	10	$4,475/mo	-1.6%

Central HDB Pulse | September 2026 | HDB Resale & Rental

By Flat Type

Top PSF by Flat Type

Town Rankings by Flat Type

Most Active Blocks/Streets

Top Transactions This Month

By Flat Type

West HDB Pulse | September 2026 | HDB Resale & Rental

North-East HDB Pulse | September 2026 | HDB Resale & Rental

North HDB Pulse | September 2026 | HDB Resale & Rental