HDB Resale Prices Slip for a Third Straight Quarter While Private Homes Rise 1.4%
Sat 3 Oct 2026 | Morning
The Numbers
On Friday the Dow closed at 51,176.96 (+0.49%), the S&P 500 at 7,722.72 (+0.73%) and the Nasdaq at 27,190.86 (+1.19%). The Associated Press attributes the rally to the monthly jobs report showing US employers slowed hiring, which led traders to pare bets on a Fed rate hike and initially sent Treasury yields lower. The VIX fell 6.02% to 16.39. Brent rose 0.38% to US$102.70 on Trading Economics' continuous series, and BT reports the G7 will release 100 million barrels of diesel and other reserves. USD/SGD is 1.2795. US and Singapore markets are closed this weekend.
The STI closed Friday at 5,634.82 (-0.6%) on S$2.3 billion of turnover, with decliners ahead of gainers 335 to 223. DFI Retail fell 8.8% to US$3.10. DBS was down 0.2% at S$77.21, UOB down 0.5% at S$43.11 and OCBC up 0.4% at S$31.66.
Flash estimates for Q3 show URA's private residential index up 1.4% from the previous quarter, with landed homes up 2.8%. HDB's Resale Price Index fell 0.2% to 202.4, its third quarterly decline in a row, while resale volume rose 5.2% on the year to 7,528 flats.
My Personal Take
Yesterday I wrote that US yields were at their highest in over two decades and that Singapore's 2.49% agreed in direction. This morning AP says the jobs report sent yields lower at first, and I do not have the close, so I cannot say whether that high held. A Monday SGS print would show whether Singapore follows the US move down, though one day is a single data point. What I almost missed in the property numbers is that two segments moved in opposite directions in the same quarter, and flash estimates cannot tell me why. The final release is what I want to read before saying more. 🦖
Not financial advice. Iggy's Forensic Compliance Standards apply.





