Condo resale activity in Singapore saw a notable increase in July 2026, with volumes rising by 7.1% compared to June, according to the latest report by 99.co and SRX. Despite this uptick, resale prices experienced a slight decline of 0.3% month-on-month, indicating a cautious market where buyers remain price-sensitive.
The report highlights that the increase in resale volumes is partly due to the return of buyers after the June school holidays. However, the volume remains 0.6% lower than the same period last year and 4.1% below the five-year average for July. Luqman Hakim, Chief Data & Analytics Officer at 99.co, noted that this reflects a normalisation in activity rather than a significant market upswing.
In terms of pricing, the Core Central Region (CCR) saw a 2.6% increase, whilst the Rest of Central Region (RCR) and Outside Central Region (OCR) experienced declines of 1.1% and 0.9%, respectively. Year-on-year, overall prices were up by 2.7%, suggesting a period of price consolidation rather than a broad weakening.
Looking ahead, the absence of new project launches in August may keep buyer focus on the resale market. However, upcoming launches such as Amberwood at Holland and Lucerne Grand could shift some interest back to the primary market. Additionally, the removal of the 15-month wait-out period for private homeowners may increase the supply of resale homes, offering buyers more options and potentially stabilising price growth.
The highest resale transaction in July was a unit at Leedon Residence, sold for S$14.3m. Meanwhile, the overall median capital gain for resale condos was S$381,000, a decrease from the previous month.
