The latest quarterly report from Huttons Asia reveals a decline in the number of landed homes sold in the first quarter of 2026, with 418 units transacted—a 13.3% drop from the previous quarter and a 3% decrease year-on-year. Despite this, the total transaction value reached $2.7b, marking a 7.1% increase compared to the same period last year.
The report suggests that uncertainties stemming from the Middle East conflict may have prompted some buyers and sellers to delay transactions. However, the average price of a landed home rose significantly to $6.5m, up 10.9% from the previous quarter. Detached homes, in particular, saw a notable price increase, driven by demand from affluent buyers.
The price disparity between 999-year leasehold/freehold homes and 99-year leasehold homes widened to 43% in Q1 2026, up from 38.6% in 2025. This indicates a stronger value retention for the longer leasehold properties.
Looking ahead, the report highlights potential challenges, including rising construction costs, which could deter buyers from purchasing older homes for redevelopment. Nonetheless, the influx of new citizens to Singapore is expected to inject more wealth into the landed property market.
Overall, Huttons anticipates that whilst the volume of transactions may dip slightly, landed home prices are likely to remain stable throughout 2026.
