The luxury property market in Singapore’s Core Central Region (CCR) witnessed a steady growth in the first half of 2026, with a 2.6% increase in the non-landed private residential price index, according to SRI’s latest report. This growth, although moderated from the previous year’s 3.8%, highlights the resilience of the market amidst a growing supply and evolving buyer preferences.
The first half of 2026 saw a significant revival in new launch activity, with 701 units introduced, marking the strongest half-yearly launch pipeline since 1H2022. This resurgence was largely fuelled by the launches of River Modern and Newport Residences, which collectively contributed to a substantial increase in available inventory. These developments have not only replenished the limited stock of luxury homes but also bolstered developer confidence in the segment.
Sales in the CCR also rebounded, with 761 units sold, the highest since 1H2023. The successful launches of River Modern and Newport Residences played a pivotal role, accounting for approximately 81.7% of all new homes sold during this period. River Modern emerged as the best-performing project, selling 424 units at a median price of $3,229 per square foot.
The private resale market remained stable, with 1,219 transactions recorded, reflecting a shift towards new developments. Despite global economic uncertainties, demand for well-located luxury homes persisted, supported by strong locational attributes and investment potential.
Looking ahead, the CCR is expected to continue benefiting from a healthy flow of new supply, offering buyers a wider selection of premium residences and supporting ongoing transaction activity.
