Private residential property prices in Singapore rose slightly in 1Q2026, up 0.9% q-o-q, higher than earlier flash data of 0.3%, according to data released by the Urban Redevelopment Authority (URA) on April 24.
The increase is broadly in line with the average quarterly gain of 0.8% recorded in 2025, reflecting continued but measured momentum in the market.
Rental growth, however, remained subdued. Overall private residential rents inched up just 0.3% in 1Q2026, reversing a 0.5% decline in the previous quarter and pointing to a stabilising leasing market after earlier softness, according to URA.
Chart: Huttons Asia
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Diverging trends across segments
Price movements diverged between landed and non-landed properties. Landed home prices slipped 0.4% in 1Q2026, a sharp reversal from the 3.4% surge in the preceding quarter. In contrast, non-landed properties led gains, rising 1.3% after a marginal 0.2% dip in 4Q2025.
Across regions, non-landed homes in the Outside Central Region (OCR) posted the strongest growth, climbing 2.2% in 1Q2026, up from 1.0% in the previous quarter.
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Meanwhile, gains in the Rest of Central Region (RCR) increased slightly to 0.8% q-o-q in 1Q2026 from 0.7% in 4Q2025.
Finally, prices in the Core Central Region (CCR) increased 0.6% q-o-q, rebounding from a 3.5% decline in 4Q2025.
Table: URA
On the rental front, non-landed rents inched up 0.4% q-o-q in 1Q2026, while landed rents rose 0.1%, both turning around from declines in the previous quarter.
By region, rents increased q-o-q in the CCR (0.5%) and the OCR (1.0%), but dipped 0.2% in the RCR in 1Q2026.
Sales activity cools amid fewer launches
Developer activity slowed in 1Q2026, with 1,844 new private residential units (excluding executive condominiums, or ECs) launched for sale, down from 2,632 units in the 4Q2025.
Correspondingly, new home sales fell to 2,013 units from 2,940 units in 4Q2025.
Notwithstanding this, 1Q2026 saw high take-up rates for new projects launched in the quarter. “The top three best-selling projects in 1Q2026 were Pinery Residences, Newport Residences and River Modern,” says Lee Sze Teck, senior director of data analytics at Huttons Asia.
“The first mixed-use project in Tampines West, Pinery Residences, sold 92.2% of total units, making it the best-selling integrated mixed-use development by percentage in Tampines; River Modern sold 90.1% of its units while Newport Residences moved 184 units,” adds Lee.
Secondary market activity also softened in terms of volume.
Resale transactions declined to 3,225 units from 3,529, though their share of total sales rose to 59.6%, indicating a growing reliance on the resale market amid fewer new project launches. Sub-sales fell to 175 units, making up 3.2% of transactions.
“The pullback was largely due to a smaller pool of private home completions, with 6,123 units (excluding ECs) in 2025 and just 911 units in 1Q 2026. This has limited the flow of new resale and subsale stock, further contributing to the decline in transactions,” says Marcus Chu, CEO of ERA Singapore.
The EC segment saw a pickup in activity, with 1,320 units launched and 1,168 sold during the quarter, compared with no launches and just 80 units sold in the preceding quarter.
“In 1Q2026, two EC projects, Coastal Cabana and Rivelle Tampines, were introduced, and together these two projects alone accounted for over 1,320 units launched during the quarter. Given this significant share of supply, excluding ECs may understate the true level of market activity,” says Mohan Sandrasegeran, head of research and data analytics, Singapore Realtors Inc. (SRI).
Chart: SRI Research, URA Realis
Supply pipeline expands
Looking ahead, URA highlights a substantial supply pipeline with about 55,800 private residential units (including ECs) expected to be completed over the next few years.
This includes around 4,600 units slated for release under the Confirmed List of the 1H20206 government land sales (GLS) programme. The figure is 50% higher than the average half-yearly Confirmed List supply over the past decade, says URA.
Cautious outlook amid uncertainty
Despite steady price growth, URA flagged a more “uncertain macroeconomic environment”.
“The macroeconomic outlook has become more uncertain,” URA says, advising households to exercise prudence when purchasing property and taking on mortgage commitments.
Commenting on the impact of the ongoing Middle East conflict, Christine Sun, chief researcher and strategist of Realion Group (OrangeTee & ETC), says: “The property market has yet to reflect the full impact of the ongoing Middle East conflict. Although tensions have heightened geopolitical risks, the scale of impact will be contingent on how the situation unfolds. If the conflict escalates or prolongs, the increased volatility, coupled with higher oil prices and construction costs, could drive up business costs. Inflationary pressures may persist and elevate interest rates, which would have an adverse impact on borrowing costs and home-buying sentiment."
