Condo vs HDB: The Estates With the Smallest (and Widest) Price Gaps
With new launch condos both pricier and more compact, it’s no surprise that some buyers are weighing resale flats as an alternative. In 2025, a two-bedder condo can cost upwards of $1.7 million, enough to buy a central five-room flat. But the condo-HDB price gap isn’t uniform. It can vary sharply by town, unit type, and even the age of the project.
In this study, we analysed resale and sub-sale condo transactions alongside HDB resale deals from 2024 to mid-2025. The result: a breakdown of the price gap estate by estate. If you’re deciding between a condo or flat in a particular location, this comparison will show you where a resale HDB may represent better value, or where the gap is surprisingly narrow.
Let’s start by looking at the general price difference between condos and resale flats over the past decade
| Year | Avg non-landed private property prices | Avg HDB prices | Price difference | % change |
| 2014 | $1,360,580 | $442,716 | $917,864 | |
| 2015 | $1,311,804 | $434,710 | $877,094 | -4.44% |
| 2016 | $1,353,678 | $438,839 | $914,839 | 4.30% |
| 2017 | $1,319,134 | $443,889 | $875,245 | -4.33% |
| 2018 | $1,329,382 | $441,282 | $888,100 | 1.47% |
| 2019 | $1,383,844 | $432,138 | $951,706 | 7.16% |
| 2020 | $1,312,358 | $452,279 | $860,079 | -9.63% |
| 2021 | $1,352,895 | $511,381 | $841,514 | -2.16% |
| 2022 | $1,444,002 | $549,714 | $894,287 | 6.27% |
| 2023 | $1,512,817 | $571,806 | $941,011 | 5.22% |
| 2024 | $1,611,611 | $612,600 | $999,011 | 6.16% |
| Price increase from 2014 to 2024 | 18.45% | 38.37% | 8.84% |
From 2014 to 2024, the general price gap between condos and flats rose by almost nine per cent. HDB resale prices increased by about 38 per cent over that time, while condo prices rose by around 18 per cent.
