27 Apr 2026
Singapore Private Residential Market 1Q2026 Performance and Outlook
Property Insight

Singapore’s private residential market in 1Q2026 reflects a phase of steady recalibration, where headline moderation masks underlying resilience. While new private home sales excluding Executive Condominiums declined from 2,940 units in 4Q2025 to 2,013 units in 1Q2026, this does not fully capture market activity. When EC transactions are included, total new home sales increased to 3,181 units, representing a 5.3% quarter on quarter rise. This highlights how the composition of launches, particularly the inclusion of EC projects such as Coastal Cabana and Rivelle Tampines, played a significant role in shaping overall figures rather than indicating a weakening in demand.

The EC segment emerged as a key driver of activity during the quarter, with 1,168 units sold, marking the highest quarterly performance since 3Q2017. This reflects sustained demand from owner occupiers and HDB upgraders, particularly in the Outside Central Region. The continued ramp up in EC supply through the Government Land Sales programme appears well aligned with this demand, helping to provide a steady pipeline of more accessible housing options while supporting overall market stability.

In the resale market, transaction volumes moderated to 3,225 units in 1Q2026, continuing a gradual easing trend from the peak of 3,881 units in 3Q2025. Despite this moderation, resale activity remains healthy and broadly in line with historical norms. Demand continues to be supported by larger, well established developments, with the top selling projects led by Treasure at Tampines, Parc Esta and Stirling Residences. Notably, transaction volumes across the top developments were closely clustered, suggesting that demand is broad based rather than concentrated within a narrow segment. This points to a resale market that remains active and supported by genuine housing needs.

Looking ahead, the market is expected to remain supported by a steady pipeline of new launches, including projects such as Vela Bay, Tengah Garden Residences and Hudson Place Residences. These developments are likely to sustain transaction activity, particularly when supported by strong location attributes and competitive pricing. At the same time, macroeconomic conditions, including inflationary pressures and geopolitical uncertainties, may encourage a more measured pace of decision making among both developers and buyers.

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Prepared By:

Mohan Sandrasegeran

Head of Research & Data Analytics

Email: mohan@sri.com.sg

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Singapore CCR Luxury Homes See Strong Sales Recovery in 1H2026

Singapore’s luxury residential market in the Core Central Region (CCR) remained resilient during the first half of 2026, although price growth moderated as the market transitioned towards a healthier balance between supply and demand. Based on URA flash estimates, the non-landed private residential price index in the CCR increased by an estimated 2.6% in 1H2026, compared with 3.8% in 1H2025. While capital appreciation eased, the continued increase reflects sustained confidence in Singapore’s prime residential market amid expanding supply and evolving buyer preferences. 

A key development during the period was the significant revival in new project launches. Approximately 701 units were launched in the CCR, representing the strongest half-year launch pipeline since 1H2022 and a sharp increase from just 96 units in 1H2025. This recovery was primarily driven by River Modern and Newport Residences, reflecting the gradual rollout of projects from previously awarded Government Land Sales (GLS) sites and providing buyers with a broader selection of luxury homes. 

The stronger supply translated into a sharp rebound in new home sales. An estimated 761 new homes were sold in 1H2026, more than tripling the 236 units recorded a year earlier and marking the highest sales volume since 1H2023. River Modern led the market with 424 units sold at a median price of $3,229 psf, while Newport Residences achieved 198 sales at a median price of $3,070 psf. Together, these two projects accounted for about 81.7% of all new CCR home sales, highlighting their significant contribution to market recovery. 

Looking ahead, the luxury residential market is expected to remain active in the second half of 2026 with upcoming launches such as Dunearn House, Amberwood at Holland, and The Serra Residences. Supported by a healthy pipeline of new supply, resilient domestic demand, and Singapore’s reputation as a global financial centre and safe-haven destination, the CCR market is expected to maintain stable transaction activity while continuing its transition towards more sustainable long-term growth.

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Prepared By:

Mohan Sandrasegeran

Head of Research & Data Analytics

Email: mohan@sri.com.sg

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1H2026 Singapore Landed Property Report: Key Trends, Prices and Buyer Insights

Singapore's landed residential market remained resilient during the first half of 2026, supported by limited housing supply, healthy owner-occupier demand and sustained interest from affluent buyers. According to the latest market data, landed property prices recorded a cumulative increase of 2.2% in 1H2026, slightly below the 2.6% growth registered during the same period in 2025. While price appreciation has moderated, the market continues to demonstrate strong underlying fundamentals, with landed homes retaining their appeal as scarce, long-term wealth preservation assets. 

Transaction activity also strengthened during the period, with 1,043 landed homes changing hands, representing a 3.4% year-on-year increase from 1,009 transactions in 1H2025. Terrace houses remained the dominant segment, accounting for 58.2% of all landed transactions, followed by semi-detached houses at 30.1% and detached houses at 11.7%. Detached house sales recorded the strongest growth, rising 25.8% year-on-year, supported by sustained activity within the Good Class Bungalow (GCB) market. 

Looking ahead, Singapore's landed residential market is expected to remain fundamentally resilient throughout the second half of 2026. Structural supply constraints, healthy household balance sheets and sustained owner-occupier demand are expected to continue supporting gradual price appreciation. The upcoming launch of Vila Natura, one of the few new landed developments entering the market, is also expected to generate fresh buyer interest and provide an important indication of pricing appetite for newly built landed homes. 

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Prepared By:

Mohan Sandrasegeran

Head of Research & Data Analytics

Email: mohan@sri.com.sg

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2Q2026 Singapore Property Flash Estimates: Stable Demand & Moderate Prices

Singapore's residential property market continued its transition towards a more balanced and sustainable growth phase in 2Q2026, with both the private residential and HDB resale markets showing signs of moderation driven largely by improving housing supply rather than weakening demand. 

According to the flash estimates, private residential property prices increased by 0.5% quarter-on-quarter in 2Q2026, easing from the 0.9% growth recorded in 1Q2026. This brought cumulative price growth for the first half of 2026 to 1.4%, compared with 1.8% during the same period in 2025. The moderation reflects a market returning to a more sustainable trajectory following stronger momentum earlier in the year. Limited new project launches, changes to the Executive Condominium (EC) policy framework, and seasonal factors such as the June school holidays contributed to a slower pace of transactions.

Developers launched an estimated 1,705 private residential units across three projects—Tengah Garden Residences, Vela Bay and Hudson Place Residences—slightly lower than the 1,844 units launched in 1Q2026. Despite the reduced supply, buyer demand remained resilient, with the average launch weekend take-up rate improving from 70.5% to 77.5%. This demonstrates continued demand for well-located and competitively priced developments, particularly among owner-occupiers and HDB upgraders supported by stable employment and healthy household balance sheets.

The HDB resale market also continued to moderate. Flash estimates indicate resale prices declined by 0.3% quarter-on-quarter in 2Q2026 following a slight 0.1% decline in 1Q2026, bringing first-half price growth to -0.4%, compared with a 2.5% increase over the same period in 2025. Rather than indicating market weakness, the slower price movement reflects improving supply conditions through continued Build-to-Order (BTO) launches, a growing number of flats reaching their Minimum Occupation Period (MOP), and expanding resale inventory.

The June 2026 BTO exercise introduced approximately 6,952 flats, including substantial supply in mature estates such as Bishan, Bukit Merah and Ang Mo Kio, providing buyers with more attractive alternatives to the resale market. Increased availability of shorter waiting-time flats has further eased demand pressures on resale housing.

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for the full report:

Prepared By:

Mohan Sandrasegeran

Head of Research & Data Analytics

Email: mohan@sri.com.sg