The primary market saw robust sales on the back of new launches such as Tengah Garden Residences (pictured), which moved 861 units during the quarter at a median price of $2,113 psf (Photo: Hong Leong Holdings)
Private home prices in Singapore edged up 0.5% q-o-q in 2Q2026, slowing down from the 0.9% growth registered in the previous quarter, data released by URA on July 24 showed.
For the first half of the year, prices of private residential properties in 1H2026 were up by a marginal 1.4%, dipping below the 1.8% gain during the same period last year.
The updated 2Q2026 price growth is unchanged from the flash estimates released earlier this month.
The landed home segment posted the strongest price growth during the quarter with prices of landed properties increasing by 2.5% in 2Q2026, reversing from the 0.4% decline in 1Q2026.
Meanwhile, the non-landed segment saw prices fall by 0.1% in the quarter after a 1.3% increase in the previous quarter.
Within the Core Central Region (CCR), non-landed properties’ prices rose 1.8% in 2Q2026, gaining pace from the 0.6% increase in 1Q2026.
Conversely, the Rest of Central Region (RCR) saw prices for non-landed properties drop 1.8%, compared with the 0.8% increase in the first quarter. As for the Outside of Central Region (OCR), prices of non-landed homes inched down by 0.1%, reversing from the 2.2% gain recorded in 1Q2026.
The overall private residential rental index saw a marginal increase of 0.7% during the quarter, outpacing the 0.3% growth registered in 1Q2026.
Rental transactions of non-landed private homes rose 0.4% in 2Q2026, maintaining the same rate of growth in the previous quarter.
By region, non-landed rents in the CCR recorded the strongest growth, rising 1.2%, following a 0.5% increase in 1Q2026. This was followed by the RCR, where rents remained unchanged, compared with a 0.2% drop in 1Q2026.
Read also: Prices of non-landed private homes inched down 0.1% m-o-m in April: NUS estimates
In contrast, rents in the OCR slipped 0.3%, reversing the 1.0% gain made in the previous quarter.
In terms of transaction volume, the primary market observed developers moving 2,141 new private homes in, excluding executive condos (ECs), during the quarter. This was up from the 2,013 units sold in 1Q2026.
Lee Sze Teck, senior director of data analytics at Huttons Asia, notes that the robust sales were driven by three non-landed projects — Hudson Place Residences, Tengah Garden Residences and Vela Bay — which accounted for 67.5% of the developer sales during the quarter.
Meanwhile, the resale market saw transaction volume climb 18.2% q-o-q to 3,813 units. “Robust demand in the primary market spilled over into the secondary segment,” says Lee. “Buyers who were unsuccessful during the balloting phases of major new launches increasingly redirected their attention to the resale market.”
As for sub-sales, there were 94 transactions, making up about 3.2% of total secondary-market deals for the quarter. This marked a decrease in sub-sale volume from 175 units in 1Q2026.
The first half of the year observed “stronger-than-expected” economic growth at 6%, which could support market confidence and buying demand, notes Huttons’ Lee.
He adds that overall supply remains tight, with 7,000 private residential units expected to be launched in 2026 — the lowest pipeline volume recorded since 2023.
Read also: Private residential property prices inch up 0.3% q-o-q in 1Q2026: URA flash estimate
The third quarter will see several “highly anticipated” launches, including Dunearn House — the pioneer launch within the new Turf City precinct — and Amberwood at Holland.
The OCR will also witness the launch of Lucerne Grand, the first project near Lakeside MRT Station since 2015.
Huttons thus predicts that full-year transaction volumes could fall between 7,500 and 9,000 units, with private home prices going up moderately at 2% to 5%.
That said, Christine Sun, chief researcher and strategist of Realion (OrangeTee & ETC Group), cautions that rising mortgage rates and a subdued hiring outlook could result in homebuyers exercising greater caution with big-ticket purchases, which could impact housing demand and slow price growth.
Against this backdrop, she projects overall prices to edge up by 2.5% to 3.5% in 2026.