The overall private residential property price index rose by 0.3% q-o-q in 1Q2026, easing down from the 0.6% recorded in 4Q2025. (Photo: Samuel Isaac Chua/EdgeProp Singapore)
The overall private residential property price index rose by 0.3% q-o-q in 1Q2026, according to URA flash estimates published on April 1. The figure eases down from the 0.6% recorded in the last quarter of 2025.
“What we are seeing is not a slowdown in demand, but a pause in activity due to supply timing,” says Marcus Chu, CEO of ERA Singapore. He attributes the moderated price growth to “a market that is consolidating” following the surge in launch-driven activity in the second half of 2025, noting that the ease in activity was mainly due to seasonal factors and a tighter pipeline of new projects, which reduced near-term buying opportunities.
Prices of non-landed properties logged a 1% q-o-q increase in 1Q2026, rebounding from the 0.2% q-o-q dip in 4Q2025. Meanwhile, the landed property segment saw prices drop 1.8% q-o-q, reversing from the quarter before, when prices rose 3.4%.
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Private home transaction volume also softened in the first quarter of 2026, with 4,041 transactions recorded up to mid-March, 39.7% lower than the 6,699 transactions registered in 4Q2025.
Developer’s New Sales Volume
Source: URA, Huttons Data Analytics as of 1 Apr 2026
The price performance across non-landed segments was led by the Outside Central Region (OCR), which recorded the most significant increase of 1.3% q-o-q, extending its 1.0% increase in 4Q2025. This was followed by the Rest of Central Region (RCR), which recorded a price growth of 0.9% q-o-q after a 0.7% increase in 4Q2025. Comparatively, the Core Central Region (CCR) saw a price growth of 0.4% q-o-q, reversing from the 3.5% decline in the previous quarter.
In 1Q2026, new project launches were concentrated across two of the three market segments — the OCR and the CCR, which saw an estimated 1,800 units launched for sale during the quarter. Mohan Sandrasegeran, head of research and data analytics at SRI, notes that the market has continued to absorb launches at “a steady pace”, with average take up rates at launch weekends standing at 70.5%.
OCR’s performance could have been supported by the launch of the 588-unit Pinery Residences, located in the mature estate of Tampines West. The mixed-used development saw 544 units sold at an average price of $2,546 psf at launch, reflecting a take-up rate of 92.5%.
In the CCR, new launches Newport Residences and River Modern continued to “ride a wave of positive buying sentiment”, notes Mark Yip, CEO of Huttons Asia. Newport Residences, a freehold development along Anson Road, moved 57% of its 487 units at its launch weekend in February, at an average price of $3,370 psf, while River Modern, a 99-year leasehold development in River Valley, sold over 90% of its 455 units at an average price of $3,266 psf.
“The shrinking premium of CCR units over RCR developments presented a value proposition that many buyers found hard to ignore,” adds Yip.
Read also: HDB resale price index drops by 0.1% q-o-q in 1Q2026, first time in seven years: HDB flash estimates
The 588-unit Pinery Residences, located in the mature estate of Tampines West, saw 544 units sold at an average price of $2,546 psf at launch. (Photo: Samuel Isaac Chua/EdgeProp Singapore)
In 1Q2026, about 179 transactions (including landed and non-landed properties) in the CCR exceeded the $5 million threshold, surpassing the past three-year quarterly average of 138 units, says Christine Sun, chief researcher and strategist of Realion (OrangeTee & ETC) Group. Similarly, 67 private homes sold at higher price tags of at least $5 million in the RCR, up from the past three-year quarterly average of 61 units.
“These trends indicate that a growing number of buyers are acquiring premium properties here, viewing them as secure assets in the face of the ongoing macroeconomic uncertainties,” explains Sun.
URA Realis caveat data showed that the most expensive sale during the quarter belongs to the purchase of a 6,232 sq ft unit at The Marq on Paterson Hill for $37 million ($5,937 psf) on Jan 7.
Against a backdrop of uncertain macroeconomic conditions, ERA Singapore’s Chu retains an optimistic outlook for the private residential market going forward into 2026. “Despite ongoing geopolitical uncertainties, Singapore continues to stand out as a safe haven,” he says.
Huttons Asia’s Yip echoes this sentiment, adding that developers are likely to move forward with project launches as Singapore’s property market has historically faced little impact from past wars in the Middle East, seeing only a slight increase of 2.8% y-o-y in 2004 after the Iran War in 2003.
Yip estimates that 8,892 units across 20 projects are slated for launch from 2Q2026 to 4Q2026.
In April and May, new project launches that are set to preview include Tengah Garden Residences with 863 units, the 515-unit Vela Bay, the 499-unit Lentor Gardens Residences, as well as the 327-unit Hudson Place Residences.
Read also: Pinery Residences 92.5% sold at $2,546 psf on launch weekend, continuing Tampines sales momentum
That said, Realion's Sun notes that a prolonged ongoing conflict and increased volatility, could create persisting construction costs and business costs. “Inflationary pressures may persist and elevate interest rates, which would have an adverse impact on borrowing costs and home-buying sentiment,” she adds.
Sun retains her earlier forecast and expects overall private residential prices to grow around 2.5% to 4.5%, with 23,500 to 25,500 transactions projected for the whole year. Meanwhile, Huttons Asia’s Yip carries a more modest projection of 8,000 to 10,000 transactions, with a price growth of between 2% to 5% in 2026.
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