The property market in Singapore experienced a modest price growth of 0.5% in the second quarter of 2026, as reported by Huttons Asia. This marks a deceleration from the 0.9% increase observed in the first quarter. The slowdown is attributed to a higher proportion of sales in the Outside Central Region (OCR), where prices eased by 0.2%.
In Q2 2026, nearly 60% of property sales occurred in the OCR, the highest since the third quarter of 2015. The affordability of homes in this region likely influenced the overall price index. Despite the slower price growth, demand for private homes remained robust, with over 5,300 units sold—1% lower than the previous quarter but 4.5% higher than the same period last year.
The quarter saw the launch of three major non-landed projects: Hudson Place Residences, Tengah Garden Residences, and Vela Bay. Hudson Place attracted buyers with its central location and competitive pricing, selling 218 units at a median price of $2,467 per square foot (psf). Tengah Garden Residences, the first private project in Tengah, sold 860 units at a median price of $2,113 psf, making it the best-selling project by units in 2026. Vela Bay set a new benchmark in the OCR with a median price of $2,863 psf for its 371 units.
Looking ahead, Huttons forecasts up to 12 private residential launches in the second half of 2026, with an estimated 3,567 units. The total number of units launched in 2026 is expected to be around 7,300, a 36.4% decrease from 2025. Consequently, Huttons has adjusted its transaction volume forecast to between 7,500 and 9,000 units, whilst maintaining a price growth forecast of 2% to 5% for the year.
