The widening price gap between the HDB housing market and the private residential market made headlines recently, with observers noting that the two housing markets may start pulling in separate directions.
In 2Q2026, the HDB resale price index fell by 0.3% q-o-q. That’s not a very substantial figure, but it was significant because it was the third straight quarterly decline. On the other hand, private residential prices rose by 0.5% q-o-q during the same period. Thus, the private housing market has been growing for seven consecutive quarters.
This price growth is important because we generally expect both the public and private residential markets to move in tandem. That’s not to say their prices are in lockstep mind you, just that generally speaking, when one rises the other tends to go up as well, and vice versa.
This is the pattern of price movement that we’re used to seeing....