The luxury non-landed property market in Singapore experienced a notable increase in activity during the second quarter of 2026, according to the latest Huttons Prestige Report. The report highlights a 6.3% quarter-on-quarter (QoQ) and a 37.7% year-on-year (YoY) rise in sales, with 84 luxury homes sold. This surge is attributed to ultra-high-net-worth individuals (UHNWIs) seeking capital preservation amidst global geopolitical tensions.
The gross sales value of luxury non-landed homes reached $728.1 million, marking an 8.9% QoQ and a 28.6% YoY increase. The super-luxury tier, comprising units priced at $10 million and above, saw 24 transactions—a 33.3% QoQ and a 71.4% YoY rise. Mark Yip, CEO of Huttons Asia, noted the robust capital deployment into prime assets by high-net-worth buyers.
Leasing activity also accelerated, with rental volumes increasing by 13.3% QoQ and 9.7% YoY, despite a decline in prime rental rates by 4.3% QoQ and 3.8% YoY. This indicates a tenant-led market with more realistic lease pricing.
In the Good Class Bungalow (GCB) market, 15 deals were recorded in the first half of 2026, slightly up from 13 in the same period last year. The total transacted value of GCBs was $615.1 million, 39.3% higher than the first half of 2025.
Singapore continues to strengthen its position as a premier wealth management hub, with initiatives to streamline private banking processes and attract foreign capital, ensuring sustained growth in the high-end residential sector.
