Clementi HDB Resale Prices Soar 15.4% in Q1 2025, Defying Islandwide Slowdown

In a surprising shift amid a cooling public housing market, HDB resale flat prices in Clementi surged by 15.4% in Q1 2025, according to the latest report by property agency OrangeTee released on May 6. The average resale flat price in Clementi rose to S$705,598, a sharp jump from S$611,618 in the previous quarter.

This surge stands out as HDB resale prices across Singapore showed slower growth, with a modest 1.6% increase in the same period. That’s down from 2.6% growth in Q4 2024 and 2.7% in Q3.

Clementi led the pack in Q1 2025, followed by Marine Parade with a 7.2% rise and Bukit Merah with a 6.2% increase. Meanwhile, resale flat prices in the Central Area dropped by 18.5%, and Geylang saw a 7.0% decline.

Seven towns recorded price declines in Q1, up from six in the previous quarter. The report noted that the price drops in Q1 were steeper than the 5% peak decline seen in Q4 2024. OrangeTee pointed to these trends as signs of increasing price resistance, suggesting the market could experience slower price growth in the coming months.

Despite the overall slowdown, demand for higher-end resale flats remained strong. Sales of units priced at S$800,000 or more rose to 1,183 in Q1, up from 1,115 in the previous quarter. That also marks a 35% year-on-year increase from 876 units. Tampines recorded the highest number of these premium transactions at 134 units, followed by Toa Payoh with 120 units.

OrangeTee noted that while lower- and mid-range buyers are showing more resistance to rising prices, affluent buyers continue to drive demand in the premium segment.

Looking ahead, OrangeTee said the mid-term outlook for the HDB resale market will depend on developments in global trade tensions. In a climate of growing caution, more buyers may be inclined to hold back to avoid overcommitting financially. Sellers, especially those with less competitive offerings, may need to adjust their pricing expectations accordingly.

Clementi’s performance in the first quarter of 2025 highlights the continued importance of location, amenities, and perceived value in determining price resilience in Singapore’s public housing market. While many towns cool, Clementi remains a standout resale hotspot.