Private residential sales in Singapore surged by 13.6% quarter-on-quarter in Q2 2026, according to Cushman & Wakefield’s analysis of the Urban Redevelopment Authority’s statistics. This increase, reversing a 19.2% decline in Q1 2026, was largely fuelled by the resale market, which accounted for 62% of the total sales volume.
Despite a continued rise in private residential prices, which have now increased for seven consecutive quarters, buying momentum has shown signs of moderation. The overall sales volume for the first half of 2026 reached 11,561 units, marking a 6.7% year-on-year decline. The limited pipeline of new launches has prompted some buyers to explore the resale market, whilst developers remain keen on land acquisition, as evidenced by several large-scale site sales.
Private residential prices rose by 0.5% quarter-on-quarter in Q2 2026, with landed residential prices increasing by 2.5%. Non-landed residential prices, however, saw a slight decline of 0.1%, driven by a 1.8% increase in the Core Central Region, contrasting with declines in the Rest of Central Region and Outside Central Region.
Looking ahead, private residential prices are expected to rise by 2.0–4.0% year-on-year in 2026, supported by demand from new launches and HDB upgraders. The market’s resilience is further bolstered by rising replacement costs due to higher land and construction prices.
