Monthly price report
Singapore property prices, May 2024
The median HDB resale price in May 2024 was S$580,000, up 1.9% on April. Private condos and apartments resold at a median S$1,593 psf, down 4.2% on April.
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 | May 2024 | Change |
|---|---|---|
| HDB resale median price | S$580,000 | +1.9% |
| HDB resale median psf | S$555 psf | +0.7% |
| Private resale median psf | S$1,593 psf | −4.2% |
| Private new sale median psf | S$2,174 psf | −1.7% |
HDB resale prices by flat type
Median resale price of each flat type with at least 20 resales in both months.
| Flat type | May 2024 | Change |
|---|---|---|
| 3-room | S$405,444 | −1.1% |
| 4-room | S$580,000 | +2.1% |
| 5-room | S$680,000 | +1.8% |
| Executive | S$840,000 | −2.1% |
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 | May 2024 | Change |
|---|---|---|
| Toa Payoh | S$662 psf | +14.9% |
| Geylang | S$574 psf | +7.3% |
| Serangoon | S$593 psf | +5.1% |
| Jurong West | S$488 psf | +4.9% |
| Bukit Panjang | S$536 psf | +4.7% |
| Hougang | S$566 psf | +4.4% |
| Bukit Batok | S$571 psf | +2.9% |
| Queenstown | S$736 psf | +2.8% |
| Sengkang | S$590 psf | +2.4% |
| Choa Chu Kang | S$475 psf | +2.2% |
| Pasir Ris | S$530 psf | +2.1% |
| Woodlands | S$507 psf | +1.0% |
| Bedok | S$539 psf | +0.7% |
| Punggol | S$631 psf | +0.5% |
| Bukit Merah | S$750 psf | +0.4% |
| Sembawang | S$559 psf | +0.4% |
| Yishun | S$539 psf | +0.4% |
| Tampines | S$563 psf | −0.7% |
| Bishan | S$713 psf | −1.0% |
| Ang Mo Kio | S$539 psf | −2.0% |
| Jurong East | S$500 psf | −2.7% |
| Clementi | S$545 psf | −7.0% |
| Kallang/Whampoa | S$613 psf | −9.7% |
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 | May 2024 | Change |
|---|---|---|
| D02 Tanjong Pagar | S$2,242 psf | +13.3% |
| D15 East Coast | S$1,741 psf | +4.4% |
| D11 Newton | S$1,983 psf | +4.3% |
| D23 Bukit Batok | S$1,417 psf | +3.6% |
| D09 Orchard | S$2,228 psf | +3.1% |
| D17 Changi | S$1,187 psf | +1.7% |
| D04 Telok Blangah | S$1,804 psf | +0.7% |
| D28 Seletar | S$1,411 psf | +0.6% |
| D05 Pasir Panjang | S$1,795 psf | −0.1% |
| D27 Yishun | S$1,296 psf | −0.8% |
| D18 Tampines | S$1,409 psf | −1.1% |
| D08 Farrer Park | S$1,664 psf | −1.4% |
| D13 Macpherson | S$1,827 psf | −2.3% |
| D03 Queenstown | S$2,142 psf | −3.0% |
| D01 Raffles Place | S$2,024 psf | −3.2% |
| D16 Bedok | S$1,434 psf | −4.4% |
| D19 Serangoon | S$1,472 psf | −4.5% |
| D14 Geylang | S$1,694 psf | −4.6% |
| D25 Woodlands | S$1,170 psf | −5.5% |
| D10 Tanglin | S$2,158 psf | −5.9% |
| D22 Jurong | S$1,377 psf | −5.9% |
| D12 Toa Payoh | S$1,609 psf | −7.0% |
| D21 Clementi | S$1,658 psf | −8.7% |
| D20 Bishan | S$1,605 psf | −13.7% |
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 May 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 May 2024. Each change compares the month with April 2024.
- 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, May 2024", https://www.homejourney.sg/reports/singapore-property-prices/may-2024. Please link to this page when you quote a figure.