SRI - Singapore Realtors Inc.

29 Jan 2026

Luxury Property Market Outlook 2026 Signals Price Resilience in the CCR

The luxury private residential market in the Core Central Region entered a more stable and resilient phase in 2025, underpinned by steady prime demand, disciplined supply, and a buyer base focused on long term ownership rather than short term speculation. CCR non landed private home prices rose by 2.2% in 2025, moderating from the 4.5% increase recorded in 2024. This easing reflects price stabilisation rather than weakening demand, with values remaining firm amid wealth driven interest and Singapore’s continued appeal as a safe and stable wealth hub.

New home sales in the CCR recovered meaningfully in 2025, rising to 1,916 units from a trough of 378 units in 2024. This improvement marked a clear turnaround following 2 softer years and brought sales activity closer to more normalised levels. The recovery was supported by improved pricing visibility, stabilising interest rate expectations, and sustained interest from local buyers and long-term investors.

This rebound was also largely driven by the earlier ramp up in GLS land sales, which gradually translated into project launches. Despite the higher supply, market conditions remained orderly, with launches paced across the year and demand absorbed progressively. Importantly, prices continued to record healthy growth, highlighting the depth and resilience of prime demand.

Well positioned developments anchored CCR performance in 2025. Projects such as Skye at Holland and River Green emerged as top performers, reflecting buyer preference for large scale developments with strong accessibility, reputable developers, and clear value propositions.

Resale activity in the CCR segment also continued its gradual recovery. Private resale transactions increased to 2,699 units in 2025, extending the improvement seen since the 2023 trough. The resale segment remains an important complement to the new launch market, catering to buyers seeking immediate occupancy, established developments, and larger layouts not available in current launches.

Looking ahead to 2026, the CCR luxury market is expected to remain resilient and orderly. Upcoming prime launches such as River Modern and Newport Residences are likely to sustain interest, while limited new supply, disciplined developer strategies, and a strong domestic buyer base are expected to support price resilience and steady absorption rather than rapid acceleration.

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Prepared By:

Mohan Sandrasegeran

Head of Research & Data Analytics

Email: mohan@sri.com.sg

26 Jan 2026

HDB Resale Market Trends in 4Q2025 Signal Stable Prices

The HDB resale market in 4Q2025 continued its transition into a more stable and balanced phase, supported by expanded public housing supply and a gradual recalibration of buyer expectations. Price growth eased further in the final quarter, with the HDB resale price index recording no quarter on quarter change.

On a full year basis, HDB resale prices rose by 2.9% in 2025, significantly lower than the 6.9% increase recorded in 2024. This moderation coincided with a sustained ramp up in Build To Order flats and an expanded Sale of Balance Flats programme, which broadened housing options and reduced pressure on the resale market. As a result, buyer behaviour has increasingly shifted towards choice and planning rather than urgency, supporting a healthier public housing ecosystem.

Resale activity in 2025 remained firmly anchored by genuine housing needs. Larger suburban towns such as Tampines, Sengkang, Woodlands, and Yishun recorded the highest number of resale transactions, reflecting the role of well-established estates in supporting market depth. Newer towns also benefitted from a growing pool of relatively younger flats, offering buyers longer remaining leases and more affordable price points compared to mature estates.

Family sized flats continued to form the backbone of the resale market. Four room flats accounted for 43.2% of transactions in 2025, followed by three room flats at 24.5% and five room flats at 23.0%. Together, these segments made up more than 90% of total resale transactions, reinforcing the needs driven nature of the market and the importance of practical layouts and liveability.

Looking ahead, the resale market in 2026 is expected to be supported by a meaningful uplift in supply.

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for the full report:

Prepared By:

Mohan Sandrasegeran

Head of Research & Data Analytics

Email: mohan@sri.com.sg

26 Jan 2026

Private Property Market Trends 4Q2025 Signal Stable Prices and Broad-Based Recovery

The private residential market closed 2025 on a firmer and more stable footing, supported by recovering resale activity, moderating price growth, and a strong rebound in new home sales. Overall market conditions point to a transition from the sharp post pandemic rebound toward a more balanced and sustainable growth phase.

Private resale transactions rose to 14,622 units in 2025, marking a 4.0% increase from 2024 and the highest level of resale activity since 2021. This recovery took place in an orderly manner, supported by stabilising financing conditions and improved alignment in price expectations between buyers and sellers. Large scale and recently completed developments such as Treasure at Tampines, Parc Esta, and Stirling Residences recorded the highest resale volumes, reflecting how project scale, location, and modern layouts continue to support healthy transaction turnover.

Private residential price growth moderated further in 4Q2025, with prices rising by 0.6% quarter on quarter. For the full year, prices increased by 3.3%, easing from the 3.9% growth recorded in 2024. This represents the lowest annual price growth since 2020. Importantly, this moderation occurred alongside an expansion in land supply rather than a tightening of availability, reinforcing the view that price stabilisation has been structurally driven by supply planning rather than weakening demand. The sustained ramp up in Government Land Sales since 2022 has strengthened future supply visibility and helped anchor pricing expectations across the market.

New private home sales staged a strong rebound in 2025, with total transactions rising to 10,815 units, up from 6,469 units in 2024. This 67.2% year on year increase reflects a broad-based recovery across the Core Central Region, Rest of Central Region, and Outside Central Region.

Looking ahead, the outlook for 2026 remains stable. While sales volumes are expected to ease from the exceptionally active levels seen in 2025, underlying demand is likely to remain resilient.

Click

here

for the full report:

Prepared By:

Mohan Sandrasegeran

Head of Research & Data Analytics

Email: mohan@sri.com.sg