The Urban Redevelopment Authority’s (URA) flash estimates for Q2 2026 reveal a modest 0.5% quarter-on-quarter increase in the All Residential Price Index, marking a 1.4% rise in the first half of the year. Leonard Tay, Head of Research at Knight Frank Singapore, noted that the final figures, expected in late July, should align closely with these estimates as no new launches in June have yet to be included.
Three new developments—Hudson Place Residences, Tengah Garden Residences, and Vela Bay—were launched in April and May. These projects were priced with buyers in mind, maintaining stability in the Rest of the Central Region and the Outside Central Region, where indices fell 1.4% and 0.2% respectively. Consequently, non-landed private home prices saw a slight 0.1% decline, reflecting a shift towards sustainable growth post-pandemic.
Looking ahead, Tay highlighted the potential for moderate price growth in H2 2026, driven by government-awarded development sites. Knight Frank projects a 3% to 5% price increase for the year, supported by favourable mortgage rates and demand from HDB upgraders.
In the Core Central Region, prices rose 2.0% as increased citizenships and permanent residencies bolstered demand for high-end homes. Meanwhile, landed property prices surged 2.6%, reaching historic highs. Tay expects landed home values to grow by 3% to 5% this year, with transactions typically ranging between S$5m and S$10m.
