After years of seemingly unstoppable growth, Singapore’s housing market is showing its first signs of change.
HDB resale prices have dipped 0.1% in the first quarter of 2026, the first quarterly decline in almost seven years. Meanwhile, resale transactions have also eased slightly, down 4.5% from last year.
What does this mean for homeowners and buyers? Could this be the start of a more balanced, affordable market or just a brief pause before prices climb again?
On The Big Story, Hongbin Jeong speaks with Nicholas Mak, Chief Research Officer, MOGUL.sg, to find out more.

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