Is There a Best Month to Buy or Sell an HDB Flat?

Resale activity by month

1.00 = an average month. Averaged over the full years 2017–2025.

Share of each year's transactions falling in that month, indexed. Source: Resale Flat Prices, HDB.

Median price by month, vs that year's median

Percentage. Averaged over 2017–2025.

Source: Resale Flat Prices, HDB.

What is actually seasonal

• February is the quietest month — about 18% below an average month — as Chinese New Year pauses viewings and paperwork.
• June to August is the busiest stretch, July running about 17% above average — school holidays, mid-year bonuses, and families timing a move between school years.
• Year-end holds up on price but activity tapers through December.

What it means

• Do not build the decision around the month. A 2% calendar swing is dwarfed by the roughly 6% a year the market has moved, and by getting the town, floor and lease right.
• As a buyer, the mid-year peak means more listings and more choice — but also more competing buyers.
• As a seller, listing into the June–August volume means more viewings, against more competing units. The month you complete matters far less than the market you are selling into.