Seoul and Tokyo are anticipated to spearhead global prime residential growth in 2026, with property values projected to increase by up to 7.9%, while Singapore’s prime residential values are forecasted to grow between 2% and 3.9%. This is according to Savills’ latest Prime Residential World Cities report. This growth is attributed to ongoing structural supply shortages that continue to drive pricing in select global cities.
Seoul is expected to lead with a forecasted rise in prime flat prices between 6% and 7.9%, following a significant 14.3% increase in 2025. Factors such as limited land availability and concentrated demand in core districts are contributing to this upward trend. Despite tighter regulations and restrictive financing conditions, pricing momentum remains strong.
Tokyo, having recorded a 30% capital value growth in 2025, is also poised for notable growth. The city’s residential development is constrained by competition for land, particularly from office developers, which continues to fuel demand and sustain pricing.
In Singapore, prime residential values growth marks a recovery from negative growth in 2025. Alan Cheong, Executive Director of Research & Consultancy at Savills Singapore, noted, “Singapore’s luxury residential market is slowly regaining momentum as more locals and permanent residents realise that value offerings are in the air after the price correction in 2025.”
Globally, prime residential markets showed resilience in 2025, with an average capital value growth of 1.8% across 30 cities, despite economic volatility and geopolitical tensions. However, China’s market faces challenges with prices expected to dip due to weak demand and demographic issues. Meanwhile, Hong Kong’s market shows signs of stabilisation, with anticipated growth of 2% to 3.9% in 2026.
