Landed housing lifts Singapore private home prices in second quarter

Private home prices rose 0.5% in Q2.

Singapore's private residential property prices continued to edge higher in the second quarter of 2026, although growth moderated and was driven primarily by landed homes, according to PropNex's analysis of Urban Redevelopment Authority (URA) data.

The URA Private Residential Property Index rose 0.5% quarter-on-quarter in Q2 2026, easing from the 0.9% increase recorded in the previous quarter. PropNex noted that cumulative price growth reached 1.4% in the first half of 2026, slower than the pace seen in the corresponding period of 2025.

According to PropNex, landed home prices climbed 2.5% during the quarter, supported by an increase in transactions to 568 units from 512 in Q1. Landed home prices have now gained a cumulative 2.1% in the first six months of the year.

In contrast, non-landed private home prices slipped 0.1% quarter-on-quarter after rising 1.3% in Q1. Prices declined by 1.2% in the Rest of Central Region and by 0.1% in the Outside Central Region, while the Core Central Region bucked the trend with a 1.8% increase. PropNex attributed the movement partly to the composition of transactions, including high-end sales at projects such as Skywaters Residences, 21 Anderson and Park Nova.

The consultancy also noted resilient transaction activity despite fewer launches. Developers sold 2,141 new private homes, excluding executive condominiums, in Q2, up 6.4% from the previous quarter, while resale transactions rose 18.2% to 3,813 units. Resale homes accounted for 62% of all private home sales during the quarter, while developers launched 1,783 new units, slightly fewer than in Q1.