Central Area is trading about 21% above the wider region median — that gap is worth understanding before you make a move here.
Transaction volume picked up in Central Area in May 2026, with 20 resale transactions compared to 12 in April. Month-on-month, the town median PSF softened 17.4% to $874 — giving buyers a softer entry point. The town sits above the regional median of $720 psf (+21.4%).
Verified as of 2 Aug 2026 · Latest resale data through May 2026 · Latest rental data through Jun 2026
Central Area median PSF by flat type (2/3/4/5-Room + Executive), last 3 months. Source: HDB Resale Transactions, data.gov.sg.
| Scope | Median PSF | vs Central Area |
|---|---|---|
| Central Area | $874 | — |
| Central Region | $720 | -17.6% |
| Island Wide | $602 | -31.1% |
Central Area ranks #2 of 9 Central region towns by median resale PSF this month. Source: HDB Resale Transactions, data.gov.sg.
Top Streets by Volume
| Street | Transactions | Median PSF |
|---|---|---|
| Cantonment Rd | 2 transactions | $1,331 |
| Cantonment Rd | 2 transactions | $1,364 |
| Cantonment Rd | 2 transactions | $1,237 |
| Cantonment Rd | 2 transactions | $1,435 |
| New Mkt Rd | 1 transaction | $643 |
Top 5 streets by resale transaction count this month. Source: HDB Resale Transactions, data.gov.sg.
Price Bands by Flat Type
| Flat Type | n | Low (P25) | Median | High (P75) | Median PSF |
|---|---|---|---|---|---|
| Overall | 20 | $575,750 | $885,000 | $1,350,000 | $874 |
| 2-Room | 1 | $360,000 | $360,000 | $360,000 | $643 |
| 3-Room | 6 | $550,750 | $570,000 | $575,750 | $737 |
| 4-Room | 11 | $885,000 | $1,178,000 | $1,394,444 | $1,161 |
| 5-Room | 2 | $1,150,000 | $1,310,000 | $1,470,000 | $1,052 |
| Executive | 0 | No transactions this month | |||
Low/High = P25–P75 (APPROX_QUANTILES)
P25 (Low): 25% of flats sold below this price.
P50 (Median): The exact middle market price.
P75 (High): 75% of flats sold below this price.
May 2026 transactions only. Source: HDB Resale Transactions, data.gov.sg.
The $874 median PSF represents a 17.4% dip against April's $1,058. Transaction count rose 67% from 12 to 20. If you're a buyer, this is a reasonable window to negotiate.
Cantonment Rd led with 2 transactions (10% of all town resale) at a median $1,331 psf — 52% above the town median. Cantonment Rd followed with 2 transactions.
4-Room flats led resale activity in May 2026, accounting for 11 of 20 transactions (55%) at a median $1,161 psf. That flat type's PSF moved 2.1% down month-on-month.
Top Transactions
| Block / Street | Flat Type | Storey | Size | Price | PSF | Lease Left |
|---|---|---|---|---|---|---|
| 1B Cantonment Rd | 5-Room | 43 TO 45 | 1,130 | $1,630,000 | $1,442 | 83 years 08 months |
| 1C Cantonment Rd | 4-Room | 40 TO 42 | 1,033 | $1,550,000 | $1,500 | 83 years 08 months |
| 1B Cantonment Rd | 4-Room | 43 TO 45 | 1,023 | $1,460,000 | $1,428 | 83 years 08 months |
| 1E Cantonment Rd | 4-Room | 31 TO 33 | 1,012 | $1,438,888 | $1,422 | 83 years 09 months |
| 1G Cantonment Rd | 4-Room | 16 TO 18 | 1,012 | $1,350,000 | $1,334 | 83 years 08 months |
| Block / Street | Flat Type | Storey | Size | Price | PSF | Lease Left |
|---|---|---|---|---|---|---|
| 32 New Mkt Rd | 2-Room | 07 TO 09 | 560 | $360,000 | $643 | 55 years 11 months |
| Block / Street | Flat Type | Storey | Size | Price | PSF | Lease Left |
|---|---|---|---|---|---|---|
| 3 Tg Pagar Plaza | 3-Room | 10 TO 12 | 753 | $655,000 | $869 | 49 years 09 months |
| 633 Veerasamy Rd | 3-Room | 07 TO 09 | 786 | $576,000 | $733 | 58 years 02 months |
| 635 Veerasamy Rd | 3-Room | 04 TO 06 | 775 | $575,000 | $742 | 58 years 03 months |
| 536 Upp Cross St | 3-Room | 16 TO 18 | 646 | $565,000 | $875 | 54 years |
| 640 Rowell Rd | 3-Room | 07 TO 09 | 797 | $546,000 | $685 | 57 years 01 month |
| Block / Street | Flat Type | Storey | Size | Price | PSF | Lease Left |
|---|---|---|---|---|---|---|
| 1C Cantonment Rd | 4-Room | 40 TO 42 | 1,033 | $1,550,000 | $1,500 | 83 years 08 months |
| 1B Cantonment Rd | 4-Room | 43 TO 45 | 1,023 | $1,460,000 | $1,428 | 83 years 08 months |
| 1E Cantonment Rd | 4-Room | 31 TO 33 | 1,012 | $1,438,888 | $1,422 | 83 years 09 months |
| 1G Cantonment Rd | 4-Room | 16 TO 18 | 1,012 | $1,350,000 | $1,334 | 83 years 08 months |
| 1E Cantonment Rd | 4-Room | 22 TO 24 | 1,033 | $1,350,000 | $1,306 | 83 years 09 months |
| Block / Street | Flat Type | Storey | Size | Price | PSF | Lease Left |
|---|---|---|---|---|---|---|
| 1B Cantonment Rd | 5-Room | 43 TO 45 | 1,130 | $1,630,000 | $1,442 | 83 years 08 months |
| 639 Rowell Rd | 5-Room | 22 TO 24 | 1,496 | $990,000 | $662 | 56 years 06 months |
No transactions this month for this flat type.
Top 5 resale transactions by price. Source: HDB Resale Transactions, data.gov.sg.
Lease Decay Comparison
Median PSF by remaining lease band, blended across 2/3/4/5-Room and Executive flats. Detail by flat type below. Source: HDB Resale Transactions, data.gov.sg.
4-Room flats in Central Area show a real lease-decay gap — units with 80-89 years remaining trade at $1,334 psf against $704 psf for the under-60 band, a 47% spread. That's the clearest single number in this report for anyone deciding how much a shorter lease should actually discount a flat.
Unit Type Breakdown
| Lease Band | N (Txn this mth) | Median Price | Median PSF |
|---|---|---|---|
| 90+ years | 0 | No resale transactions lodged in the past 5 years for this size. | |
| 80-89 years | 0 | No resale transactions lodged in the past 5 years for this size. | |
| 70-79 years | 0 | No resale transactions lodged in the past 5 years for this size. | |
| 60-69 years | 0 | No resale transactions lodged in the past 5 years for this size. | |
| under-60 years | 812-mo avg · 8 transactions | $365,000 | $670 |
| Lease Band | N (Txn this mth) | Median Price | Median PSF |
|---|---|---|---|
| 90+ years | 0 | No resale transactions lodged in the past 5 years for this size. | |
| 80-89 years | 0 | No resale transactions lodged in the past 5 years for this size. | |
| 70-79 years | 0 | No resale transactions lodged in the past 5 years for this size. | |
| 60-69 years | 1 | Too few resale transactions in the past 5 years to report a reliable figure (1 in the trailing 12 months). | |
| under-60 years | 6 | $570,000 | $737 |
| Lease Band | N (Txn this mth) | Median Price | Median PSF |
|---|---|---|---|
| 90+ years | 0 | No resale transactions lodged in the past 5 years for this size. | |
| 80-89 years | 7 | $1,350,000 | $1,334 |
| 70-79 years | 4 | Too few resale transactions in the past 5 years to report a reliable figure (4 in the trailing 12 months). | |
| 60-69 years | 0 | No resale transactions lodged in the past 5 years for this size. | |
| under-60 years | 2912-mo avg · 29 transactions | $780,000 | $704 |
| Lease Band | N (Txn this mth) | Median Price | Median PSF |
|---|---|---|---|
| 90+ years | 0 | No resale transactions lodged in the past 5 years for this size. | |
| 80-89 years | 1412-mo avg · 14 transactions | $1,549,000 | $1,362 |
| 70-79 years | 512-mo avg · 5 transactions | $815,000 | $721 |
| 60-69 years | 0 | No resale transactions lodged in the past 5 years for this size. | |
| under-60 years | 3 | Last transacted: May 2026 · $662 psf | |
| Lease Band | N (Txn this mth) | Median Price | Median PSF |
|---|---|---|---|
| 90+ years | 0 | No resale transactions lodged in the past 5 years for this size. | |
| 80-89 years | 0 | No resale transactions lodged in the past 5 years for this size. | |
| 70-79 years | 0 | No resale transactions lodged in the past 5 years for this size. | |
| 60-69 years | 0 | Last transacted: Jul 2023 · $721 psf | |
| under-60 years | 0 | No resale transactions lodged in the past 5 years for this size. | |
Lease Bands: Remaining years on the lease. Low Volumes: If under 5 sales, data expands.
Fallback 1: Uses 12-month average (flagged). Fallback 2: Uses 5-year transaction history.
Data Source: HDB Resale Transactions, data.gov.sg.
No HDB leases lodged in Central Area in Jun 2026 — and too few over the trailing 12 months to report a reliable figure.
PSF softened 17.4% in May 2026 while transaction count held reasonably steady. Price softness without a volume collapse is sellers adjusting, not distress. For buyers, this is a window — softening PSF is the better entry setup. Don't wait for the market to confirm the bottom. That 47% 4-Room lease-decay spread between the 80-89 and under-60 bands is the number to anchor any negotiation on a shorter-lease unit here — don't let a seller price a thinning lease like a fresh one.
Flat — no clear month-on-month PSF signal yet for this flat type.
No leases lodged in the past 5 years for this size. Currently -6.9% vs the region median.
Get a Free ValuationRising (+2.6% MoM) — expect less room to negotiate on this flat type.
No leases lodged in the past 5 years for this size. Currently +2.4% vs the region median.
Get a Free ValuationSoftening (-2.1% MoM) — buyers may push back on this flat type.
No leases lodged in the past 5 years for this size. Currently +61.3% vs the region median.
Get a Free ValuationFlat — no clear month-on-month PSF signal yet for this flat type.
No leases lodged in the past 5 years for this size. Currently +79.7% vs the region median.
Get a Free ValuationLast transacted: Jul 2023 · $1,118,000 ($721 psf)
No leases lodged in the past 5 years for this size.
No leases lodged in the past 5 years for this size.
No leases lodged in the past 5 years for this size.
No leases lodged in the past 5 years for this size.
No leases lodged in the past 5 years for this size.
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