Condo resale prices in Singapore experienced a notable rebound in May 2026, with the SRX Price Index showing a 1.3% month-on-month increase. This rise indicates sustained demand in the market, according to 99.co’s Chief Data & Analytics Officer, Luqman Hakim. Year-on-year, prices climbed by 3.7%, aligning with industry forecasts for the year.
Despite the price increase, the number of units resold fell to an estimated 989, marking an 8.9% decline from April’s figures. However, this volume was still 0.7% higher than in May 2025, suggesting ongoing demand momentum. The decrease in sales is attributed to typical seasonal moderation in the market.
Looking ahead to the second half of 2026, the market is expected to face challenges related to supply and affordability. Several large-scale launches in the Outside Central Region (OCR) are anticipated, with their success likely to indicate the strength of upgrader demand.
In May, resale prices in the Core Central Region (CCR) and OCR increased by 3.7% and 1.6%, respectively, whilst the Rest of Central Region (RCR) saw a slight decrease of 0.7%. The highest resale transaction was recorded at Reflections At Keppel Bay for S$19.28m.
The overall median capital gain for resale condos rose to S$419,000, with District 10 achieving the highest median gain of S$1.02m. The median unlevered return stood at 30.8%, with District 16 leading at 49.3%. These figures highlight the potential for significant returns in the resale market.
