Which HDB Towns Are Getting Most Expensive in 2026?
The cleanest way to see where HDB resale prices are heating up is not by a monthly town headline, but by comparing the latest full quarterly town medians against the same quarter a year ago. On that measure, Clementi stands out sharply in 2026, especially for four-room flats, while several suburban towns are posting steadier broad-based gains across multiple flat types.
For the broader benchmark, pair this guide with HDB resale prices by town in Singapore and Singapore home price by town.
Published:
Last updated:
Latest Quarter
2025-Q3
Every chart here compares 2025-Q3 against 2024-Q3.
Fastest Broad Mover
Clementi +18.5%
Clementi led the multi-flat-type growth ranking once thin Central Area noise is removed.
Fastest 4-Room Move
$946,900
Clementi 4-room medians were up 27.1% year on year.
Weakest Town
Geylang -13.5%
Geylang was the clearest laggard in the latest quarter, dragged down by a sharp four-room reset.
Growth Ranking
Clementi is the clear outlier in the latest growth table
Among towns with at least two tracked flat types, Clementi posted the fastest average year-on-year increase. The main driver was its four-room median, but the town also showed a solid three-room gain, which makes the move harder to dismiss as a single noisy print.
| Town | Average yoy growth | Positive flat types | Best move |
|---|---|---|---|
| Clementi | +18.5% | 2 | +27.1% |
| Toa Payoh | +10.4% | 2 | +16.0% |
| Queenstown | +9.5% | 2 | +15.8% |
| Jurong West | +8.1% | 4 | +11.1% |
| Bedok | +8.1% | 3 | +9.1% |
| Bukit Panjang | +7.8% | 4 | +10.6% |
| Tampines | +7.7% | 4 | +13.7% |
| Sembawang | +7.5% | 3 | +10.6% |
| Woodlands | +7.3% | 4 | +10.3% |
| Pasir Ris | +7.0% | 3 | +9.0% |
4-Room Movers
The four-room market is where the steepest repricing showed up
Four-room flats are the best signal to watch because they dominate resale demand in many towns. In the latest quarter, Clementi and Toa Payoh stood well ahead of the rest, while several suburban estates still posted high single-digit gains.
| Town | 2025-Q3 median | 2024-Q3 median | Yoy change |
|---|---|---|---|
| Clementi | $946,900 | $745,000 | +27.1% |
| Toa Payoh | $986,000 | $850,000 | +16.0% |
| Bedok | $589,000 | $540,000 | +9.1% |
| Serangoon | $668,400 | $612,500 | +9.1% |
| Jurong East | $550,000 | $510,000 | +7.8% |
| Sembawang | $610,000 | $568,000 | +7.4% |
| Bukit Panjang | $570,000 | $531,000 | +7.3% |
| Woodlands | $568,000 | $530,000 | +7.2% |
| Bishan | $777,500 | $730,000 | +6.5% |
| Jurong West | $548,500 | $515,000 | +6.5% |
Current Levels
The most expensive four-room towns are not all rising at the same speed
Price level and price acceleration are different questions. Queenstown and Toa Payoh still sit at the top of the current four-room pricing table, but Clementi delivered the strongest acceleration among the expensive mature-town cohort.
| Town | 2025-Q3 median | 2024-Q3 median | Yoy change |
|---|---|---|---|
| Queenstown | $988,000 | $957,000 | +3.2% |
| Toa Payoh | $986,000 | $850,000 | +16.0% |
| Clementi | $946,900 | $745,000 | +27.1% |
| Bukit Merah | $930,000 | $900,000 | +3.3% |
| Kallang/Whampoa | $900,000 | $908,900 | -1.0% |
| Bishan | $777,500 | $730,000 | +6.5% |
| Punggol | $688,000 | $648,000 | +6.2% |
| Serangoon | $668,400 | $612,500 | +9.1% |
| Tampines | $660,000 | $630,000 | +4.8% |
| Sengkang | $650,000 | $628,000 | +3.5% |
Trend View
Clementi's 4-room median did not just drift higher, it stepped up
Looking across recent quarters helps separate steady towns from towns that are repricing in jumps. Clementi's 4-room line is the clearest example of a sharper move, while Jurong West and Woodlands look more like gradual, broadening appreciation.
Flat-Type Breadth
Some towns are one-flat-type stories, others are broad-based
This is the important distinction behind the headline ranking. Clementi's jump was heavily concentrated in four-room flats. Jurong West, Tampines, Woodlands, and Yishun look healthier from a breadth perspective because multiple flat types rose together.
| Town | 3-room | 4-room | 5-room | Executive |
|---|---|---|---|---|
| Clementi | +9.9% | +27.1% | NA | NA |
| Geylang | -11.6% | -26.5% | -2.5% | NA |
| Jurong West | +11.1% | +6.5% | +7.5% | +7.3% |
| Queenstown | +15.8% | +3.2% | NA | NA |
| Tampines | +8.1% | +4.8% | +13.7% | +4.3% |
| Toa Payoh | +4.7% | +16.0% | NA | NA |
| Woodlands | +10.3% | +7.2% | +5.9% | +5.9% |
| Yishun | +6.2% | +6.5% | +6.3% | +6.5% |
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Not every town is repricing aggressively
The latest quarter still has clear laggards. Geylang is the obvious negative outlier, while a few towns such as Kallang/Whampoa and Ang Mo Kio still rose, but at a much slower pace than the leading group.
| Town | Average yoy growth | Negative flat types | Weakest move |
|---|---|---|---|
| Geylang | -13.5% | 3 | -26.5% |
| Bukit Batok | +4.2% | 0 | +2.2% |
| Kallang/Whampoa | +4.4% | 1 | -1.0% |
| Ang Mo Kio | +4.4% | 0 | +2.1% |
| Hougang | +5.0% | 0 | +2.9% |
| Choa Chu Kang | +5.0% | 0 | +1.5% |
| Bukit Merah | +5.0% | 0 | +3.3% |
| Sengkang | +5.3% | 0 | +2.9% |
Methodology
Sources
This guide is built from official HDB quarterly resale records.
This guide uses 2025-Q3, the latest available full quarterly HDB town median data. All growth comparisons are measured against 2024-Q3, the same quarter one year earlier.
- • All headline comparisons use the latest available quarterly HDB town median data, which is 2025-Q3.
- • Year-on-year growth compares 2025-Q3 against 2024-Q3 so the seasonality window is consistent.
- • The article focuses on 3-room, 4-room, 5-room, and Executive flats because these are the most useful HDB resale benchmarks for town-level comparison.
- • Central Area is excluded from the main narrative because its small, unusual stock mix can distort ranking-style comparisons.
- • Broad-based town growth is measured as the simple average of available year-on-year changes across tracked flat types in each town.
- • Null flat-type medians are kept out of ranking charts and tables rather than being treated as zero.