Non-landed homes drive Singapore residential price gains

Prices grew 0.9% in Q1, the sixth straight quarter of growth.

Singapore's residential property market extended its upward momentum in Q1 2026, with prices rising for a sixth consecutive quarter, supported by a rebound in the non-landed housing segment, according to Savills.

Savills reported that overall residential property prices increased 0.9% quarter-on-quarter in Q1 2026, accelerating from the 0.6% growth recorded in the previous quarter. The improvement was driven by a 1.3% rise in non-landed home prices, reversing a 0.2% decline in Q4 2025, which the consultancy attributed to firm pricing achieved at recent project launches. In contrast, landed home prices slipped 0.4% quarter-on-quarter after four consecutive quarters of growth.

On an annual basis, overall residential prices rose 3.4%, with landed homes outperforming at 6.7% growth, compared with a 2.6% increase for non-landed properties.

Among non-landed sub-markets, the Outside Central Region (OCR) led quarterly gains with prices rising 2.2%, marking a sixth consecutive quarter of growth and potentially supported by strong sales at projects such as Pinery Residences. Prices in the Rest of Central Region (RCR) increased 0.8%, while the Core Central Region (CCR) rebounded 0.6% after declining 3.5% in the previous quarter.

Savills noted that annual price growth generally moderated across the non-landed market, except in the OCR where growth accelerated to 5.2% from 3.2% in the previous quarter. By comparison, annual price growth eased to 1.7% in the CCR and 0.7% in the RCR.

The consultancy also reported continued gains in the luxury residential segment. Prices across Savills' basket of luxury non-landed private residential developments rose 0.2% quarter-on-quarter to S$2,644 per sq ft in Q1 2026. On a year-on-year basis, luxury home prices increased 1.2%, extending their growth streak to a fifth consecutive quarter, although at a slower pace than in late 2025.