Monthly price report
Singapore property prices, January 2024
The median HDB resale price in January 2024 was S$568,000, up 1.4% on December. Private condos and apartments resold at a median S$1,544 psf, down 2.2% on December.
Key figures
Private figures cover condominiums, apartments and executive condominiums. New sales are shown apart because new launches cost more per square foot and their share of sales changes from month to month.
| Measure | Jan 2024 | Change |
|---|---|---|
| HDB resale median price | S$568,000 | +1.4% |
| HDB resale median psf | S$544 psf | +0.9% |
| Private resale median psf | S$1,544 psf | −2.2% |
| Private new sale median psf | S$1,929 psf | −20.2% |
HDB resale prices by flat type
Median resale price of each flat type with at least 20 resales in both months.
| Flat type | Jan 2024 | Change |
|---|---|---|
| 3-room | S$400,000 | +1.3% |
| 4-room | S$565,000 | +0.6% |
| 5-room | S$680,000 | +3.2% |
| Executive | S$842,944 | +6.2% |
HDB towns by price change
Median resale price per square foot in each town with at least 20 resales in both months, largest rise first. A town's median moves with the mix of flats sold, so read one month's change with the months around it.
| Town | Jan 2024 | Change |
|---|---|---|
| Kallang/Whampoa | S$658 psf | +11.3% |
| Serangoon | S$611 psf | +7.0% |
| Bukit Merah | S$849 psf | +6.9% |
| Bishan | S$713 psf | +4.5% |
| Queenstown | S$720 psf | +3.6% |
| Choa Chu Kang | S$475 psf | +3.0% |
| Bedok | S$534 psf | +2.7% |
| Clementi | S$566 psf | +2.5% |
| Sengkang | S$569 psf | +2.2% |
| Punggol | S$629 psf | +1.9% |
| Tampines | S$542 psf | +1.5% |
| Pasir Ris | S$507 psf | +1.4% |
| Bukit Panjang | S$510 psf | +1.0% |
| Bukit Batok | S$562 psf | +0.7% |
| Hougang | S$548 psf | 0.0% |
| Sembawang | S$549 psf | 0.0% |
| Woodlands | S$490 psf | −0.2% |
| Jurong West | S$477 psf | −0.8% |
| Ang Mo Kio | S$529 psf | −0.9% |
| Geylang | S$558 psf | −1.4% |
| Yishun | S$529 psf | −1.9% |
| Jurong East | S$474 psf | −5.8% |
| Toa Payoh | S$550 psf | −9.8% |
Private districts by price change
Median resale price per square foot of condominiums and apartments in each postal district with at least 15 resales in both months, largest rise first.
| District | Jan 2024 | Change |
|---|---|---|
| D21 Clementi | S$1,986 psf | +19.6% |
| D22 Jurong | S$1,429 psf | +9.4% |
| D12 Toa Payoh | S$1,783 psf | +4.6% |
| D28 Seletar | S$1,425 psf | +4.0% |
| D09 Orchard | S$2,269 psf | +3.6% |
| D25 Woodlands | S$1,081 psf | +2.7% |
| D27 Yishun | S$1,281 psf | +0.6% |
| D10 Tanglin | S$2,087 psf | +0.1% |
| D05 Pasir Panjang | S$1,776 psf | −0.3% |
| D19 Serangoon | S$1,441 psf | −0.7% |
| D23 Bukit Batok | S$1,361 psf | −1.1% |
| D11 Newton | S$1,900 psf | −1.3% |
| D14 Geylang | S$1,607 psf | −1.4% |
| D16 Bedok | S$1,455 psf | −1.8% |
| D13 Macpherson | S$1,854 psf | −2.4% |
| D18 Tampines | S$1,384 psf | −3.8% |
| D03 Queenstown | S$2,095 psf | −4.7% |
| D15 East Coast | S$1,607 psf | −5.3% |
| D20 Bishan | S$1,493 psf | −22.0% |
About this report
- How are these figures worked out?
- Each figure is a median: half of the homes sold for more and half for less. HDB figures cover every resale registered in January 2024; price per square foot divides each price by the flat's floor area. Private figures cover sales of non-landed homes with a contract date in January 2024. Each change compares the month with December 2023.
- Where does the data come from?
- HDB resale flat prices (data.gov.sg) and URA REALIS private residential transactions. Homejourney imports both and rebuilds this page daily.
- How do I cite this report?
- Homejourney, "Singapore property prices, January 2024", https://www.homejourney.sg/reports/singapore-property-prices/january-2024. Please link to this page when you quote a figure.