Issue 001October 2, 2026

Central HDB Pulse | September 2026 | HDB Resale & Rental

Ronnie Tan Share

Verified & checked as of 3 Nov 2026

Roncasa ▪ Data Pulse Central · HDB Verified as of 31 Oct 2026 September 2026

Buying: Stable Selling: Balanced Renting: Stable

Central Median Resale PSF

$760

-0.3% MoM

Resale Volume

470

Median Monthly Rent

$3,300

Towns In Region

9

Central HDB resale held steady in September 2026, with 470 transactions across the region.

Central HDB resale: price is flat (median $760 psf, -0.3% MoM), volume is declining (470 caveats, -1.1% MoM) across 9 of the region's towns this September. 4-Room flats were the most actively traded this month. The rental market moved 642 leases over the same window.

-0.3%

PSF MoM

470

Resale Txns

9

Towns Active

Verified as of 31 Oct 2026 · Resale data through September 2026 · Rental data through September 2026

01Region Context

Central resale PSF held steady to $760 in September 2026 (-0.3% MoM), against Singapore's island-wide median of $595.

Region	Median PSF	Txns
Central (this)	$760	470
East	$589	395
North	$541	348
North-East	$628	551
West	$541	479

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

This month's 470 transactions represent 0.22% of the region's 214,624 total HDB dwelling units.

02Resale Market

By Flat Type

Flat Type	Txns	Median PSF	Basis
2-Room	12	$604	This month
3-Room	153	$613	This month
4-Room	187	$937	This month
5-Room	99	$720	This month
Executive	19	$769	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	Queenstown	$1,501	$1,600,000
Executive	Bishan	$942	$1,480,000

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	Toa Payoh (4 txns)
3-Room	Queenstown — $1,357 psf	Toa Payoh (35 txns)
4-Room	Queenstown — $1,417 psf	Toa Payoh (36 txns)
5-Room	Queenstown — $1,501 psf	Toa Payoh (25 txns)
Executive	Bishan — $942 psf	Bishan (7 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	Kallang/Whampoa	$728	1	+19.5%
3	Toa Payoh	$604	4	-7.1%
4	Bukit Merah	$596	3	+6.6%
5	Geylang	$578	1	+0.7%

Rank	Town	Txns	Median PSF	MoM
1	Toa Payoh	4	$604	-7.1%
2	Bukit Merah	3	$596	+6.6%
3	Queenstown	3	$1,048	—
4	Geylang	1	$578	+0.7%
5	Kallang/Whampoa	1	$728	+19.5%

Rank	Town	Median PSF	Txns	MoM
1	Central Area	$772	3	+13.0%
2	Bishan	$693	6	+35.4%
3	Marine Parade	$630	7	-4.1%
4	Kallang/Whampoa	$614	33	+2.2%
5	Bukit Timah	$611	1	-6.0%
6	Geylang	$595	18	+4.9%
7	Queenstown	$586	25	-1.7%
8	Bukit Merah	$583	25	-1.9%
9	Toa Payoh	$515	35	-1.0%

Rank	Town	Txns	Median PSF	MoM
1	Toa Payoh	35	$515	-1.0%
2	Kallang/Whampoa	33	$614	+2.2%
3	Bukit Merah	25	$583	-1.9%
4	Queenstown	25	$586	-1.7%
5	Geylang	18	$595	+4.9%
6	Marine Parade	7	$630	-4.1%
7	Bishan	6	$693	+35.4%
8	Central Area	3	$772	+13.0%
9	Bukit Timah	1	$611	-6.0%

Rank	Town	Median PSF	Txns	MoM
1	Queenstown	$1,079	32	-1.2%
2	Toa Payoh	$1,053	36	+1.3%
3	Bukit Merah	$969	32	+3.2%
4	Kallang/Whampoa	$908	35	+8.2%
5	Bukit Timah	$831	1	-2.6%
6	Central Area	$774	9	-14.8%
7	Bishan	$739	23	+4.1%
8	Geylang	$695	17	-6.7%
9	Marine Parade	$691	2	+11.1%

Rank	Town	Txns	Median PSF	MoM
1	Toa Payoh	36	$1,053	+1.3%
2	Kallang/Whampoa	35	$908	+8.2%
3	Bukit Merah	32	$969	+3.2%
4	Queenstown	32	$1,079	-1.2%
5	Bishan	23	$739	+4.1%
6	Geylang	17	$695	-6.7%
7	Central Area	9	$774	-14.8%
8	Marine Parade	2	$691	+11.1%
9	Bukit Timah	1	$831	-2.6%

Rank	Town	Median PSF	Txns	MoM
1	Queenstown	$814	12	-0.7%
2	Marine Parade	$813	2	+13.7%
3	Bukit Timah	$789	3	-16.0%
4	Toa Payoh	$728	25	-12.8%
5	Bishan	$722	16	-4.5%
6	Central Area	$708	4	-7.9%
7	Kallang/Whampoa	$692	15	-4.3%
8	Bukit Merah	$674	17	-24.0%
9	Geylang	$651	5	-11.2%

Rank	Town	Txns	Median PSF	MoM
1	Toa Payoh	25	$728	-12.8%
2	Bukit Merah	17	$674	-24.0%
3	Bishan	16	$722	-4.5%
4	Kallang/Whampoa	15	$692	-4.3%
5	Queenstown	12	$814	-0.7%
6	Geylang	5	$651	-11.2%
7	Central Area	4	$708	-7.9%
8	Bukit Timah	3	$789	-16.0%
9	Marine Parade	2	$813	+13.7%

Rank	Town	Median PSF	Txns	MoM
1	Bukit Timah	$891	3	—
2	Queenstown	$879	2	-0.6%
3	Bishan	$797	7	+0.3%
4	Geylang	$699	1	-0.9%
5	Toa Payoh	$630	3	-26.1%
6	Kallang/Whampoa	$626	3	-14.0%

Rank	Town	Txns	Median PSF	MoM
1	Bishan	7	$797	+0.3%
2	Bukit Timah	3	$891	—
3	Kallang/Whampoa	3	$626	-14.0%
4	Toa Payoh	3	$630	-26.1%
5	Queenstown	2	$879	-0.6%
6	Geylang	1	$699	-0.9%

Most Active Blocks/Streets

Block/Street	Txns	Median PSF
104A BIDADARI PK DR	6	$1,111
114A ALKAFF CRES	4	$1,102
94 DAWSON RD	4	$1,167
110B BIDADARI PK DR	4	$1,175
406 SIN MING AVE	3	$848

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
Queenstown	5-Room	$1,501	$1,600,000
Bishan	5-Room	$1,239	$1,600,000
Kallang/Whampoa	5-Room	$1,273	$1,588,888

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	$983	74
2	Bukit Merah	$813	77
3	Toa Payoh	$809	103
4	Bukit Timah	$790	8
5	Central Area	$772	16
6	Bishan	$739	52
7	Kallang/Whampoa	$729	87
8	Marine Parade	$669	11
9	Geylang	$651	42

Rank	Town	Txns	Median PSF
1	Toa Payoh	103	$809
2	Kallang/Whampoa	87	$729
3	Bukit Merah	77	$813
4	Queenstown	74	$983
5	Bishan	52	$739
6	Geylang	42	$651
7	Central Area	16	$772
8	Marine Parade	11	$669
9	Bukit Timah	8	$790

04Rental Market

By Flat Type

2-Room$2,500/mo19 leases

3-Room$3,000/mo325 leases

4-Room$3,800/mo213 leases

5-Room$4,200/mo78 leases

Executive$4,600/mo5 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	$806	+45.8%	4
80-89	$1,028	$750	+37.1%	5
under-60	$604	$619	-2.4%	34

Lease Band	Central Median PSF	SG Median PSF	vs SG	N
90+	$1,106	$842	+31.3%	117
80-89	$1,070	$749	+43.0%	43
70-79	$1,034	$1,030	+0.4%	14
60-69	$799	$568	+40.7%	6
under-60	$550	$554	-0.6%	478

Lease Band	Central Median PSF	SG Median PSF	vs SG	N
90+	$1,084	$739	+46.6%	216
80-89	$1,075	$682	+57.6%	145
70-79	$939	$563	+66.7%	116
60-69	$712	$536	+32.9%	79
under-60	$636	$539	+17.9%	182

Lease Band	Central Median PSF	SG Median PSF	vs SG	N
90+	$1,192	$695	+71.6%	16
80-89	$1,239	$695	+78.3%	42
70-79	$887	$537	+65.3%	67
60-69	$756	$547	+38.2%	70
under-60	$675	$556	+21.4%	136

Lease Band	Central Median PSF	SG Median PSF	vs SG	N
60-69	$805	$593	+35.9%	34
under-60	$699	$594	+17.7%	19

06Ron's Read

Ron's Read

Central HDB resale PSF held steady to $760 (-0.3% MoM) on 470 transactions in September 2026. Queenstown led the region at $983 psf (74 txns).

By flat type: 2-Room at $604 psf (12 txns), 3-Room at $613 psf (153 txns), 4-Room at $937 psf (187 txns), 5-Room at $720 psf (99 txns), Executive at $769 psf (19 txns). This month's top print was a 4-Room flat in Queenstown, trading at $1,417 psf. 3-room improving fastest mom, 5-room and executive declining.

On the rental side, Central rents held to a median $3,300/month across 642 leases. By flat type: 2-Room at $2,500/mo (19 leases), 3-Room at $3,000/mo (325 leases), 4-Room at $3,800/mo (213 leases), 5-Room at $4,200/mo (78 leases), Executive at $4,600/mo (5 leases).

This month's 470 transactions represent 0.22% of the region's 214,624 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

$292,761

vs Island Wide PSF

+1.6%

Est. Gross Yield

~10.2%

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

Estimate only, based on a 484 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

$435,401

vs Island Wide PSF

+3.0%

Est. Gross Yield

~8.3%

Rising (+2.2% MoM) — expect less room to negotiate on entry price.

Estimate only, based on a 710 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

$937,997

vs Island Wide PSF

+57.5%

Est. Gross Yield

~4.9%

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

$930,001

vs Island Wide PSF

+21.0%

Est. Gross Yield

~5.4%

Softening (-7.4% 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

$1,208,270

vs Island Wide PSF

+29.2%

Est. Gross Yield

~4.6%

Softening (-5.1% 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

+1.6%

Txns This Month

12

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

Rental demand context: 19 leases this month, rent +4.2% MoM.

Est. Exit PSF

$613

vs Island Wide PSF

+3.0%

Txns This Month

153

Sellers have leverage this month (+2.2% MoM) — a reasonable window to list.

Rental demand context: 325 leases this month, rent +0.0% MoM.

Est. Exit PSF

$937

vs Island Wide PSF

+57.5%

Txns This Month

187

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

Rental demand context: 213 leases this month, rent +0.0% MoM.

Est. Exit PSF

$720

vs Island Wide PSF

+21.0%

Txns This Month

99

Momentum has cooled (-7.4% MoM) — if you're not under time pressure, holding may be the better play.

Rental demand context: 78 leases this month, rent +0.0% MoM.

Est. Exit PSF

$769

vs Island Wide PSF

+29.2%

Txns This Month

19

Momentum has cooled (-5.1% MoM) — if you're not under time pressure, holding may be the better play.

Rental demand context: 5 leases this month, rent +2.8% MoM.

Verdict: Stable.

Flat Type	Leases	Median Rent	MoM Trend
2-Room	19	$2,500/mo	+4.2%
3-Room	325	$3,000/mo	+0.0%
4-Room	213	$3,800/mo	+0.0%
5-Room	78	$4,200/mo	+0.0%
Executive	5	$4,600/mo	+2.8%

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

Queenstown Town Pulse | October 2026 | HDB Resale & Rental

District 22 Pulse | October 2026 | Jurong East / Boon Lay

Geylang Town Pulse | October 2026 | HDB Resale & Rental