26 Jun 2025
How URA’s Draft Master Plan 2025 Will Shape the Next Decade
Property Insight

The Draft Master Plan 2025 is Singapore’s latest statutory land use plan, charting the nation’s development trajectory over the next 10 to 15 years. It transforms long-term strategies into detailed land use policies, ensuring sustainable, well-planned growth aligned with national goals. This blueprint accommodates Singapore’s evolving demographics, where housing needs are shifting from one-size-fits-all to diverse typologies — catering to singles, families, and the aging population.

Key highlights in the Central Region include the transformation of Marina South into a 10-minute neighbourhood anchored by the upcoming TEL stations, featuring 10,000 new homes and developments like One Marina Gardens and W Residences – Marina View. In Pearl’s Hill, 6,000 homes will rise around a hill-to-hill green corridor connecting Fort Canning, while Newton will see 5,000 new homes built around an “urban village” concept, integrating heritage features with walkability and transit connectivity.

In the East, the Bayshore precinct debuts its first BTO and GLS sites, supported by an integrated transport hub, central park, and SAFRA clubhouse. Tampines North is emerging as a vibrant node with a green corridor, MRT linkages, and future EC projects like those at Tampines Streets 94 and 95. Pasir Ris continues its rejuvenation with a fully integrated transport hub and new amenities, while Long Island stands out as a bold coastal protection and land reclamation initiative with future development potential.

In the North, Chencharu is a new housing district offering 10,000 homes and extensive green amenities, while Woodlands North Coast blends scenic coastal living with RTS connectivity to Johor. Springleaf, with direct TEL access, is being compared to Lentor for its catalytic growth potential, with its first condo launch coming soon.

The North-East Region focuses on transformation around Yio Chu Kang, which is envisioned as a lifestyle and wellness node. Punggol Digital District supports the digital economy with 28,000 new jobs and integrated learning-employment infrastructure anchored by the SIT campus.

The West Region sees momentum in Tengah, where several ECs and the first private condo are launching. Jurong Lake District continues evolving as a decentralised CBD, while connectivity improvements like the Jurong Region Line and Cross Island Line Phase 2 are set to boost accessibility and value. Meanwhile, Clementi is set for a major sports node redevelopment, and Bukit Timah Turf City will welcome new homes near future MRT stations.

Other key projects include the Greater Southern Waterfront, where Keppel Club and Terminal sites will deliver over 9,000 homes. Future developments at the former Singapore Racecourse and Sembawang Shipyard also reflect the URA’s aim to integrate housing with nature, leisure, and heritage.

Overall, the Draft Master Plan 2025 presents an ambitious, inclusive, and resilient vision for Singapore’s urban future — supporting housing diversity, connectivity, economic hubs, and environmental integration across regions.

Click here for the full report 

Prepared By:

Mohan Sandrasegeran

Head of Research & Data Analytics

Email: research@sri.com.sg

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26 Oct 2026
HDB Resale Transactions Rise 19.5% in 3Q2026 as Prices Continue to Stabilize

Singapore's HDB resale market recorded stronger transaction activity in 3Q2026, with 7,645 resale flats changing hands, representing a 19.5% increase from the 6,396 transactions in the preceding quarter. This marked the highest quarterly resale transaction volume since 3Q2024, when 8,142 transactions were registered. On a yearly basis, resale transactions increased by approximately 5.9%.

The stronger activity suggests that underlying demand for HDB resale flats remains relatively healthy despite a more measured pricing environment.

One contributing factor could be the absence of a Build To Order (BTO) sales exercise during the quarter, encouraging some prospective buyers to explore resale options. The growing pipeline of flats reaching their Minimum Occupation Period (MOP) is also expected to progressively expand resale housing availability, providing buyers with greater choice across locations, flat types and price points.

HDB resale prices moderated by 0.1% quarter on quarter in 3Q2026, marking the third consecutive quarter of price adjustments.

Cumulatively, resale prices declined by 0.5% over the first nine months of 2026, compared with a 2.9% increase over the corresponding period in 2025. This represented the weakest first nine month performance since 2018.

The moderation suggests that the resale market is gradually transitioning towards a more balanced environment following several years of sustained price appreciation.

Importantly, stronger transaction activity alongside moderating prices indicates that buyer interest remains relatively healthy, supported by improving housing availability and more measured price expectations.

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for the full report:

Prepared By:

Mohan Sandrasegeran

Head of Research & Data Analytics

Email: mohan@sri.com.sg

Property Insight
26 Oct 2026
Private Property Market Remains Resilient in 3Q2026 as Prices Rise 1.4%

Singapore's private residential market continued to demonstrate resilience in 3Q2026, with stronger price growth and relatively stable resale activity, despite a more measured pace of new home sales. The moderation in primary market transactions was largely attributable to a quieter new launch calendar rather than a fundamental weakening in underlying buyer demand.

Developers sold 1,183 new private residential units (excluding executive condominiums) in 3Q2026, compared to 2,141 units in the preceding quarter.

A total of 1,140 new private residential units were launched during the quarter, representing a 36.1% decline from 1,783 units in 2Q2026. This marked the lowest quarterly launch volume since 2Q2024. The quieter launch environment was influenced by the Hungry Ghost Festival and September school holidays, with some prospective buyers potentially deferring purchasing decisions in anticipation of upcoming developments.

Despite fewer launches, newly introduced projects continued to attract buyer interest. Lentor Gardens Residences emerged as the bestselling development with 304 transactions, followed by Dunearn House with 237 units. Together with Amberwood at Holland, these three projects accounted for approximately 47.8% of quarterly new home sales.

The private residential resale market recorded 3,801 transactions in 3Q2026, marginally below the 3,813 transactions in 2Q2026. The Outside Central Region (OCR) remained the largest contributor, accounting for approximately 52.4% of resale transactions. Both the OCR and Rest of Central Region (RCR) registered marginal increases in transaction volumes, collectively representing 82.2% of total resale activity.

This reflects continued demand for resale properties, particularly among owner occupiers, HDB upgraders and households seeking to right size their housing needs.

Private residential prices increased by 1.4% quarter on quarter in 3Q2026, compared to 0.5% in the preceding quarter, marking the strongest quarterly increase recorded so far in 2026. Cumulatively, prices increased by 2.8% over the first nine months of 2026, marginally exceeding the 2.7% growth recorded during the corresponding period in 2025.

Notably, homes priced between S$2 million and below S$5 million accounted for 68.2% of new private home transactions, compared to 49.2% in 2Q2026. This shift reflects the composition of available housing options and continued demand for properties offering desirable locations, sizes and overall value.

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for the full report:

Prepared By:

Mohan Sandrasegeran

Head of Research & Data Analytics

Email: mohan@sri.com.sg

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16 Oct 2026
New Home Sales Rebound 93.5% in September 2026

Singapore's new private residential market recorded a recovery in September 2026, with developers selling 296 units excluding Executive Condominiums (ECs), representing a 93.5% increase from the 153 units sold in August. Sales were also 16.1% higher than the 255 units recorded in September 2025.

The improvement followed a relatively quiet August, when market activity was affected by the absence of major new launches and the Hungry Ghost Festival. Despite limited fresh project inventory in September, transactions improved across all three market segments, reflecting continued buyer interest.

The Rest of Central Region (RCR) accounted for the largest share of developer sales, with 131 units sold, representing 44.3% of the total. The Outside Central Region (OCR) followed closely with 125 units, or 42.2%, while the Core Central Region (CCR) contributed 40 units, equivalent to 13.5%.

Collectively, the RCR and OCR accounted for 86.5% of new private home sales, highlighting the continued importance of these two market segments in supporting transaction activity.

Terra Hill emerged as September's bestselling development, recording 32 transactions at a median price of $2,209 psf. This was followed by The Sen with 25 units sold at $2,386 psf.

Newly launched Amberwood at Holland recorded 24 sales at a median price of $3,021 psf, despite only a portion of its units being released during its initial launch.

Other developments, including Lentor Gardens Residences and Dunearn House, continued to register transactions following their July launches, demonstrating that buyer interest extended beyond initial launch weekends.

The anticipated improvement in fourth quarter activity should provide a more positive conclusion to the year, reinforcing the importance of project availability, location and pricing in shaping buyer demand.

Click

here

for the full report:

Prepared By:

Mohan Sandrasegeran

Head of Research & Data Analytics

Email: mohan@sri.com.sg