Oral answer by Ministry of National Development on HDB resale prices

Question No: 2282

Question by: Mr Victor Lye

To ask the Minister for National Development (a) whether the recent moderation in HDB resale prices is broad-based across flat types and towns, or concentrated in selected segments; and (b) what additional measures, if any, is the Ministry considering to assist first-time buyers who are still unable to secure affordable housing near their parents or workplaces.

Answer:

In the first quarter of 2026, HDB resale prices declined by 0.1%, following five consecutive quarters of price growth moderation. The moderation is broad-based across flat types and towns.

HDB has implemented several key measures in recent years to support first-time buyers to stay near their parents for mutual care and support.

a. First, we have increased the supply of Plus and Prime flats, which come with additional subsidies.

b. Second, we introduced the Family Care Scheme in 2025 to strengthen intergenerational family support.

c. Third, we have significantly enhanced housing grants for both new and resale flats. Eligible first-timer families can benefit from grants of up to $120,000 to buy new flats, and $230,000 to buy resale flats. Those purchasing a resale flat can tap on the Proximity Housing Grant of up to $30,000.