The resale condominium market in March 2026 experienced a slight dip in prices, with a 0.1% decrease month-on-month, marking the first decline of the year. However, prices remain 4.9% higher than the same period last year, according to the latest report by 99.co and SRX. The market saw an estimated 944 units resold, a 3.4% increase from February, indicating a stabilisation in transaction volumes.
The report highlights that the Core Central Region (CCR) and Outside Central Region (OCR) saw price increases of 0.4% and 0.5% respectively, whilst the Rest of Central Region (RCR) experienced a 1.2% decrease. Year-on-year, prices in CCR, RCR, and OCR rose by 4.4%, 4.9%, and 4.6% respectively.
Luqman Hakim, Chief Data & Analytics Officer at 99.co, noted that recent new launches such as River Modern and Pinery Residences have seen strong take-up rates, potentially diverting demand from the resale market. “These robust sales likely diverted some demand away from the resale segment, as buyers were drawn to newer projects offering modern layouts and progressive payment schemes,” he said.
The highest resale transaction in March was a unit at Le Nouvel Ardmore, fetching S$19.5m. In the RCR, The Waterside saw the highest transaction at S$5.78m, whilst The Gazania led in the OCR at S$4.2m.
The overall median capital gain for resale condos was S$400,000, down by S$24,000 from February. District 10 recorded the highest median capital gain at S$867,000, whilst District 4 had the lowest at S$164,000. The median unlevered return stood at 30.3%, with Districts 15 and 23 posting the highest returns at 42.9% each.
