Singapore’s private residential market has shown continued price growth in the first quarter of 2026, despite a drop in overall sales volume. According to the Urban Redevelopment Authority’s (URA) flash estimates, private residential prices rose by 0.3% quarter-on-quarter (qoq), a slight moderation from the 0.6% growth seen in the previous quarter.
The landed residential segment experienced a 1.8% qoq decline in prices, following five quarters of growth. This dip is expected to be temporary, with a rebound anticipated due to limited supply and strong local demand. In contrast, non-landed residential prices increased by 1.0% qoq, driven primarily by the Outside Central Region (OCR), which saw a 1.3% rise. The Rest of Central Region (RCR) and Core Central Region (CCR) also experienced growth, with prices up by 0.9% and 0.4% qoq, respectively.
Sales volume for private residential properties in Q1 2026 is estimated at 4,041 units, representing a 40% decline from Q4 2025. The resale market accounted for more than half of the total sales volume, whilst new launches continued to perform well, with three out of four major projects selling over 50% of their units during their launch month.
Wong Xian Yang, Head of Research at Cushman & Wakefield, noted that the market is becoming increasingly price-sensitive. Developments offering long-term value are likely to attract stronger interest. Looking ahead, private residential prices are expected to grow by 2.0-4.0% year-on-year in 2026, supported by low borrowing costs, rising land prices, and resilient buyer confidence.
