The landed housing market in Singapore experienced a slowdown in the first half of 2026, with transaction volumes declining due to uncertainties stemming from the Middle East conflict that began on 28 February. PropNex Research reported 869 landed home transactions worth a combined $5.4b, a decrease from 1,009 transactions valued at $5.78b in the same period last year.
In the Good Class Bungalow (GCB) segment, only 10 transactions totalling $304m were recorded, a significant drop from 18 transactions in the second half of 2025. This decline is attributed to a mismatch in price expectations between buyers and sellers, as well as broader economic concerns.
Despite the overall market slowdown, the prestige landed homes segment showed resilience. PropNex defines this segment as properties valued over $10m. In the first half of 2026, 82 transactions were recorded, amounting to nearly $1.2b, marking a 19.3% year-on-year increase from $990m in 1H 2025.
Looking forward, PropNex anticipates that the landed housing and GCB markets will remain stable in the latter half of 2026. Whilst macroeconomic uncertainties may continue to affect transaction activity, factors such as limited supply, rising affluence, and Singapore’s reputation as a safe-haven destination are expected to support demand and maintain property values in the long term.
