The Singapore property market demonstrated remarkable resilience in the second quarter of 2026, maintaining robust transaction volumes and price momentum despite geopolitical tensions arising from the US-Iran conflict. According to Huttons, this confidence was supported by strong macroeconomic fundamentals, including an estimated 5.7% GDP growth and a low unemployment rate of 2% as of March 2026.
Private residential property prices increased by 0.5% quarter-on-quarter, driven primarily by the landed housing segment and the Core Central Region, which saw price gains of 2.5% and 1.8%, respectively. The transaction volume surged to 6,148 units, marking a 13.6% increase from the previous quarter and a 19.9% rise year-on-year.
Developers’ sales saw a slight decline in launch volume by 3.3% quarter-on-quarter to 1,783 units, yet this represented a 17.3% improvement year-on-year. Notably, Tengah Garden Residences emerged as the best-selling development, moving 861 units and setting a new benchmark for transaction volume.
In the resale market, transaction volume climbed 18.2% quarter-on-quarter, with prices edging up by 1.9%. The robust activity in the resale market likely constrained rental supply, leading to a 0.7% growth in rents during the quarter.
Looking ahead, the market is expected to remain buoyant, bolstered by stronger-than-expected economic growth of 6% in the first half of 2026. Several highly anticipated projects are set to launch in the third quarter, including Amberwood at Holland and Dunearn House, which are expected to sustain healthy buying demand.
