HDB resale prices post another quarterly decline; Electricity tariffs up 17% and gas tariffs up 7.1% next quarter: Singapore live news

Singapore HDB resale flat prices fell for a second straight quarter. (PHOTO: Getty Images)agfit via Getty Images HDB resale flat prices fell for a second straight quarter in the April-to-June period, while resale transactions also declined from a year earlier, according to flash estimates released on 1 July. Resale prices dipped 0.3 per cent in the second quarter of 2026, following a 0.1 per cent decline in the first quarter – the first back-to-back quarterly falls in nearly seven years. The resale market also saw fewer transactions, with 6,268 flats changing hands during the quarter, down 10.2 per cent from the 6,981 units sold in the same period last year.Households in Singapore will pay more for electricity and piped gas from July to September after regulators announced the largest tariff increases in years, driven by higher natural gas prices amid the Middle East conflict. The Energy Market Authority (EMA) said on 30 June that electricity and town gas tariffs have reached record highs as fuel costs remain elevated. Electricity prices for households will rise by 17 per cent, or 4.64 cents per kilowatt-hour (kWh), to 31.91 cents per kWh before GST, according to SP Group. This surpasses the previous record of 30.45 cents per kWh set in late 2008.